Millennial Week

If you wish to enter the pharmaceutical market in India, taking the PCD route would be the best option for any newcomer. However, many entrepreneurs and small businesses have this misconception that entering this sector requires a big investment. 

Let us give you an idea real quick, when you work with Vivaceutical, you can source the products for about 10,000 INR. Moreover, they do not have a minimum educational or prior professional background requirements. Anyone willing to become a part of the business is welcome.

Learn more about franchising here

Reasons to Start a PCD Pharma Franchise 

The benefits mentioned below are equally valid to small entrepreneurs to large retailers. So let’s look at the points. 

Minimal Investment 

As aforementioned, you can source the products you’ll be selling for as low as 10,000 INR. However, starting a business requires you to incur some additional costs like:

  • If you own a property you would have to turn it into a store, or else you would have to get a showroom on rent. The cost for that would vary depending upon the location, whether it is a commercial area, how big the space is, etc. 
  • You need a mandatory approval from the government to sell medical products. The wholesale drug licence costs about Rs. 5000, and the Income tax registration will also cost about Rs. 4500. 
  • It would also be wise to set aside some money for a rainy day. Fortunately, the PCD model is quite safe and efficient, such that you wouldn’t need heavy cash flow to keep the business afloat. However, you can keep 10,000 INR aside and count it as a one time expense. 

Low Risk 

Are you looking for a business with low risk but with no luck? Well, businesses always carry risks but in the PCD model, it is pretty low as compared to others, be it in the pharma sector or elsewhere. First off, making small investments automatically reduces your risk factor. 

Furthermore, working with the best PCD pharma franchise in Chandigarh also rids you of worrying about the product quality, and you do not have to spend thousands exporting high-quality healthcare products. Not to forget, India has an exponentially high demand for medicines, so your chances of suffering a loss are very less.  

Access to Monopoly Rights

The best thing about the PCD pharma franchise model is that you get a monopoly over selling the products in a particular area. However, some companies make fake promises and not deliver on them. So, you should research before investing, and only work with one of the best PCD pharma franchise companies in India

So, how do monopoly rights benefit small businesses? Well, the biggest problem with running a small business is the possibility of a larger company stealing your business. This is simply not valid in the franchise model; you would be the only seller in that area. So, your customers cannot shop elsewhere. 

As a result, you will also attract a lot of customers as the sole seller of the company’s products. 

Expert Advice 

When you become a franchise partner, the parent company gives you marketing and distribution rights of its products. They too, have your best interests at heart as this professional relationship is beneficial to both parties. The parent company helps PCD franchises with the following:

  • Marketing products in the local area
  • Providing them with promotional goods
  • Expert advice through a dedicated customer service line 
  • Forming relations and connections in the healthcare industry

..and much more! So, if you are someone with no prior experience with business or the pharma industry, you can still run a successful PCD franchise without any worries!