We have heard Franchise for Multiple Businesses like Hotel, Schools, Restaurants, Clubs and other, but what we here would discuss about is Pharma Franchise, wherein, a Pharma Marketing Company provides its Pharma PCD Franchise to PCD Pharma Distributors in its earmarked territory with all the necessary promotional inputs so as he is in the position to store and promote the products in its territory vide generating prescriptions from the Doctor. The Pharma Franchise companies’ role is to provide timely products, promotional inputs, training, and other support functions to Pharma Franchise distributors so as he can produce business for itself and indirectly for its company. Both the parties need to have Wholesale License as both of them are storing and selling Pharma Products along with License they are also expected to have GST no. You will not only get Pharma Franchise products but full Marketing backup like Inputs, Small Gifts, Training, Know-how, and others it’s the Responsibility of Pharma Franchise Companies to see to it that Parties taking their Franchise are Successful.
Franchise means an investment for the purpose of leasing or renting an opportunity. Now if anyone is planning to get into the business of Pharma Franchise should first and foremost is an account for the opportunity. He should ask, what are the opportunities in Pharma Franchisee business?
Let’s do the SWOT analysis of Opportunity in Pharma Franchise.
1. The huge ready market of more than one lakh CR
2. Growing steadily for many decades, double-digit growth.
3. Recession-proof, no one compromises with his own health.
1. Highly Regulated.
2. High Attrition rate.
3. Multiple players, highly fragmented Industry
1. Despite market size there are areas were still modern Brand has not reached.
2. Environment related newer disease, resistance to existing Brands; focus on research makes it an interesting space.
3. Innovative models of Pharma Marketing adds size to its market
1. New Pharma Policies is leading to uncertainties.
2. Stringent Regulatory norms are expected to be applicable.
3. Will move towards consolidation.
In this atmosphere of uncertainty it’s always advisable to be in a non capital intensive business and here is Pharma Franchise business score over others. Any Pharma Franchise distributor can test the market with investment of as low as 25000/- all they have to do is to reach out and select top Pharma Franchise company and you can get support from PharmaBizConnect
Pharma Franchise Company will help you with products of your choice and comfort, they would provide you with best and innovative marketing tools, will train you to be more effective. They would do all that they can do to make you successful as your success is directly proportionate to their success. You are your own BOSS and you are working for yourself, there are no Targets but only Profits, more you will sell more would be the profits and who would not like to earn Profits. There is no employee- Employer relationship, only business understanding both the parties helps each other to help themselves.
It’s always difficult and time-consuming to establish a business but it’s always easy to use an established business, use its goodwill, use its expertise and under their guidance and support launch your own business and generate profits for your selves. Needless to mention nothing comes free, there is a fee that needs to be paid there is the profit that needs to be shared.
It’s a bond that makes one plus one equals to eleven.