How to Start PCD Pharma Franchise
What is PCD?
PCD stands for Propaganda-Cum-Distribution.
Pharma Franchise Business
Like other franchise business models, PCD Pharma franchise is also a form of business. In this business model, the owner of a Pharma company offers an opportunity to the interested person or entity to start his own Pharma Company using the brand name, logos, trade of his company.
Who can be a franchise partner?
Any Pharma professional having a decent experience of 4-5 years in sales & marketing of Pharma products, Pharma trader, distributor, wholesaler, Medical representative can be a franchise partner of any Pharma Company and can start his own business.
Qualification required becoming a franchise partner
Any graduate or SSC pass can become a franchise partner.
What are the documents required?
- A Legal Drug Licence No. (Issued by the Central Drug Standard Control Organization/ State Drug Standard Control Organization).
- A copy of the rent agreement of the premise where you wish to set up your franchise company. If you have your own building or office, a copy of the registry papers of the property.
- PAN No.
- TIN (Tax Identification No.)
- CGST and GST No.
How much investment required?
There is no as such fixed amount which you should keep in your account to take the PCD Pharma franchise of a company, as franchise rates vary from company to company. But, you can even start it with Rs.10, 000 to Rs. 4-5 lakh. Also, it is advisable to keep a surplus amount of Rs.1-2 lakh for the contingency and pay off the bills and managing the petty expenses till you reach break-even point or start having a good income.
Now, you have decent handful experience in Pharma sector, qualification, premise, required documents and money to invest. So, are we ready to start our own business or we are missing anything? Yes, indeed we are missing one important thing and that is where to invest money? I.e. with which Pharma company should we associate as a franchise partner?
Where to invest - Research about the franchise company
Last but not the least, before coming to the conclusion and making a final decision to invest with a Pharma company and avail the opportunity of PCD Pharma franchise, we must do our homework i.e. research work about the franchise company. Try to gather information as much as possible about the company, its products, image, and brand value or worth, its past, future, and present situation. You can get most of the information online or you can have it physically. Also, try to call and meet the existing franchise partners of the company, visit the franchise store, find out its head office & headquarters. Gather the feedback of the existing franchise holders and their experience working with the company viz. How the company does support its franchise partners etc.
Conclusion
PCD Pharma franchise business is one of the lucrative opportunities that one can choose and earn a hefty regular income. It is a profitable business with nominal investment and minimum risks. Any person who has a satisfactory experience in the Pharma field can take PCD Pharma franchise and start his own business. Pharma sector is full of opportunities and you can start it at anywhere and anytime. All you have to do is to choose a reliable & valued company which can give you a good start. In PCD Pharma franchise one can grow with the company parallel.rtner
Any graduate or SSC pass can become a franchise partner.
What are the documents required?
- A Legal Drug Licence No. (Issued by the Central Drug Standard Control Organization/ State Drug Standard Control Organization).
- A copy of the rent agreement of the premise where you wish to set up your franchise company. If you have your own building or office, a copy of the registry papers of the property.
- PAN No.
- TIN (Tax Identification No.)
- CGST and GST No.
How much investment required?
There is no as such fixed amount which you should keep in your account to take the PCD Pharma franchise of a company, as franchise rates vary from company to company. But, you can even start it with Rs.10, 000 to Rs. 4-5 lakh. Also, it is advisable to keep a surplus amount of Rs.1-2 lakh for the contingency and pay off the bills and managing the petty expenses till you reach break-even point or start having a good income.
Now, you have decent handful experience in Pharma sector, qualification, premise, required documents and money to invest. So, are we ready to start our own business or we are missing anything? Yes, indeed we are missing one important thing and that is where to invest money? I.e. with which Pharma company should we associate as a franchise partner?
Where to invest - Research about the franchise company
Last but not the least, before coming to the conclusion and making a final decision to invest with a Pharma company and avail the opportunity of PCD Pharma franchise, we must do our homework i.e. research work about the franchise company. Try to gather information as much as possible about the company, its products, image, and brand value or worth, its past, future, and present situation. You can get most of the information online or you can have it physically. Also, try to call and meet the existing franchise partners of the company, visit the franchise store, find out its head office & headquarters. Gather the feedback of the existing franchise holders and their experience working with the company viz. How the company does support its franchise partners etc.