What is Difference between Pharma Franchise & PCD Franchise? – The business opportunity of pharma franchise and PCD Pharma Franchise is good in India. The pharmaceuticals industry is making loads of profits with each passing year. It is the dedication of government and the general public that healthcare industry is making good progress. If you are someone who wants to have a business in this sector then you can start with the franchise. The franchise business in pharma sector is of two types. If you are confused about the difference between pharma franchise and PCD franchise then we will help you know about it.
Similar business ventures but points are differentiation are known by some. In this post by Focus Healthcare, we are going to discuss. ‘What are the difference between pharma franchise & PCD franchise in India?’
What Is a Franchise Business in Pharmaceuticals Sector? What Are Its Types?
The franchise is a part of pharma marketing services. The pharmaceuticals sector works on a large part as franchise sellers, distributors, retailers and wholesalers. The person or group buys medicines or products in bulk from the company. The possession is passed on to the buyer. Concessional; rates are given to the purchaser who then sells the items at profit margin. The initial ownership is never passed as the product bear the name of the company. It works on many strategies like:
- It creates a brand image,
- Helps increase sales.
- Increase distribution channels.
- Meet the surplus demand in different states.
- Public relationship improves as the representative is the franchise owner who is a native of that place.
Pharma marketing services are of two types when it comes to franchise business venture. They are – PCD Pharma Franchise and Pharma Franchise. We will be discussing the two in our following post.
What Does PCD Stand in the Pharmaceuticals Sector?
PCD stands for Propaganda Cum Distribution. It is simply an abbreviation. It is the kinds of the franchise where the buyer is given the same status but with smaller quantity but the same quality of service. It is very popular these days. If you are someone who has decided to start a venture but is confused whether to go for it or not, in case you want to start it as a side business or on a part-time basis, PCD pharma franchise is the best. They can be considered for newcomers or people who want to invest on a trial basis.
Points Of Differentiation Between PCD Pharma Franchise and Pharma Franchise in India
The main difference between them is there are many PCD Franchise businesses in one pharma franchise business. Thus, many PCDs come under one pharma franchise. The business of pharma franchise is different from PCD franchise on many points. One can start the venture whenever they are ready. In case you are confused about the two ventures then we share you some good points for more clarity. Here take a look at the points of differentiation:
- Investment Plans: PCD Franchise can be started with an initial investment of Rs10,000 to Rs 15,000. The plans are low and flexible to your needs. On the other hand, franchise businesses have bigger investment starting which can be Rs 50,000. Many times the plans start from lacs which depend on the company to company.
- Benefits Of Credit: Only Pharma Franchise owners are given loan or credit benefits. PCD buyers do not get such benefit.
- Experience and Qualification: PCD does not need any of these in many cases whereas a pharma franchise owner needs to have 3 or 4 years good sales experience in a reputed pharma company. He/she should be at least 12th pass from a recognized board or SSC level pass.
- The Benefit of Area Allotment & Other Advantages: Pharma franchise owner gets many benefits like the wide area under control, better promotional tool support, incentive schemes, bonus etc. PCD owner also gets the same but are neglected in many cases by the pharma company.
Conclusion
Franchise business is a good way of having a flourishing venture. If you want maximum benefit then collaborate with a well-known company. Focus Healthcare is the best Pharma Company in India to provide you a 300+quality range of medicines, promotional tool support, a wide area under control, monopoly rights and much more. We wish you best of luck for your franchise business.