PCD PHARMA FRANCHISE IN INDIA–  Are you looking forward to starting your franchise business in pharmaceuticals? Being the top pharma franchise company, we must help you out! Here’s all you need to know about the PCD Pharma Franchise Business in India, its scope, the procedure to start with, investments, and everything you would need to make it possible.  

Q1) What is a Franchise?

Ans. Franchise agreements are contractual agreements between an organization (franchisor) and an individual (franchisee) under which the franchisor licenses its product, its brand, and its marketing in exchange for a franchise fee. Franchise agreements expand the business of the franchisor.    

Q2) What do you mean by a PCD Franchise Business?

Ans. PCD refers to Propaganda cum Distribution, it is basically a franchise business. In PCD Franchise Business, a pharmaceutical company gives authority to an individual or another company to use its name for selling the product or services. There are several principles and work ethics that are to be followed throughout. This business provides benefits to both the franchisor and franchisee companies and helps both of them to grow rapidly.

Q3) What are the perks/benefits of starting a franchise business in India?

Ans. The Indian pharmaceutical market is among the top 5 emerging markets in the world. The domestic pharmaceutical industry provides 70% of national demands and 30% of international needs. Moreover, the domestic consumption of medicines is also on the rise because of a greater awareness of health and longer life expectancies.

Here are some salient characteristics of the Indian pharmaceutical industry: 

• Third largest pharmaceuticals market by 2020 in terms of incremental growth.
• Across the globe, India ranks 3rd in volume, and 14th in value, for pharmaceutical production.
• According to recent reports from ICRA, the Indian pharmaceutical market is has estimated growth between 9-11% from 2021-2022.

Q4) What is the procedure to be a franchise/PCD of a Pharmaceutical Company?

Ans. Different companies have different terms and conditions to give their franchise.

To get the best PCD Pharma Franchise- Getron Pharmaceuticals. Here’s what you need to do-

1. Choose the drugs or products you want to market. We have a wide variety of products, that too at affordable prices provided with the best quality.
2. Send us your query either through mail or our website. You can also contact on the provided number- 
   +91-9068444441 We’ll be glad to start off our work with you!
3. As soon as we acknowledge your query. Our executive will contact you to brief you about all the details of our pharma franchise, documents you need to have, products, price list, and all the further proceedings.
4. Getron Pharmaceuticals believe in providing the best PCD pharma franchisee to our stakeholders. Our customers won’t have to go through any kind of monopoly infiltration and we do provide the best of our promotional material as well.

Q5) Is it a good option for Pharma salespersons to take franchise/PCD of Pharma Company?

Ans. Experience and good skills in sales and marketing before starting a pharma business are always preferable but one must also make sure that they have good market relationships and a stronghold to run the business.

Q6) How much investment is required to own the franchise/PCD of a pharmaceutical company in India?

Ans. The minimum investment required to become a franchisee is Rs. 10,000- 20,000. We offer a wide variety of 600 products that you can choose from as you enhance your business with Getron Pharmaceuticals.

Q7) What are the documents needed to start a Pharma Franchise in India?

Ans. To start with a Pharma Franchise you mainly need two documents-

1. Wholesale Drug License Number
2. GST Registration Number

The introduction of GST will make changes to tax which will affect your business. Know more about it as it has abolished a number of taxation series into one i.e., GST (Good and Sales tax).

Q8) How many products do you have to purchase to start working with Getron Pharmaceuticals?

Ans. Getron Pharmaceuticals doesn’t have a minimum standard of a product purchase, but rather a minimum investment amount. To start working with us, one needs to invest between 10,000 and 20,000 rupees for buying our products. A list of products along with the price will be provided to you as soon as we get your query.

Q9) What are the common problems I can face during franchise marketing?

Ans. In the local market, franchising an organization is like launching a new company. It is like you are launching products for a brand that nobody knows. Therefore, you would have to win the fresh trust and create fresh faith in the market. Providing quality to people is the key and this is what we, Getron Pharmaceuticals is focused on.

Q10) How much one can earn through Pharma franchise/PCD marketing in India?

Ans. Any business, including PCD Pharma, is dependent on how much you expand it. It depends on your skills, how much you sell in a month, and how successful you are at winning your customer’s trust. Your profits may increase over time if you give your best to the business.

Q11) What are the Promotional and Marketing Inputs you would receive from Getron?

Ans. Following are the materials provided to our distributors and Medical Representatives-

• Visual Aid
• Working Bag
• Product Cards/ Brochures
• Catch covers
• Writing Pads
• Pens
• Input

However, apart from this, we provide pens, diaries, and small gift articles, this may change over time.  

Q12) What is the Pharma Franchise/PCD marketing Agreement?

Ans. Pharma Franchise Agreement is signed between both of the parties, that is, the franchisee and the franchisor. It consists of all the mutually agreed terms and conditions to run the franchise business with each other. The agreement will include monopoly rights, the area covered, payment terms and conditions, transportation tax, delivery, costs of payment and marketing inputs, etc.

Q13) What is the future of the Franchise/PCD marketing business in the pharmaceutical sector in India?

Ans. With the development of medical sciences, there is rapid growth in the pharmaceutical industry. With the influx of companies, the influx of sales professionals, the open market, ease of starting, and the lack of heavy investments, franchise marketing in the pharmaceutical sector has a strong future.

Q14) How to calculate retail margin, own margin, stockiest margin, scheme etc for Pharma franchise marketing?

Ans. You don’t need a strong background in mathematics to do these calculations properly. It’s just a matter of fixing margins between your retailers and your stockiest, which normally are fixed at 10% for wholesalers and 20% for retailers/chemists. You can fix it according to the market conditions and make it flexible to boost your sales.

Q15) How to calculate price to retailer and price to stockist?

Ans. PTR means Price to Retailer and PTS means Price to Stockist. The general formula to calculate the price is-

GST [5% / 12% / 18%]

P.T.R = (MRP – Stockist Margin) ÷ (100+GST) *100

P.T.S (If Stockist Margin is 10%) = PTR-10%

You can add a margin of retail and stockist

Q16) What are monopoly rights in a pharma franchise business?

Ans. In the pharma industry, monopoly rights are the rights that grant a franchisee the power to sell and distribute its products in a particular area. These rights are granted by monopoly pharmaceutical companies or the PCD pharmaceutical companies. Each company has its own terms and conditions.

Last and the most important question!

Q17) What are the benefits of starting your franchise business with Getron Pharmaceuticals?

Ans. Getron Pharmaceuticals- aims at serving the best to our stakeholders. We offer a wide range of products that are manufactured under ISO, WHO, GMP, and GLP certified manufacturing facilities with lower MRPs and quality packing. As we always mentioned, we care for you! To provide our franchisees with the best customer support, we make sure that monopoly infiltration doesn’t occur. In your territory, nobody will be selling or distributing our products other than you. This will help you in promoting your business with the least competition around. Also, you will get the appropriate promotional material so as to expand your business.