In the Pharmaceutical field, there are two main categories of franchise contracts which are prevalent in the healthcare market these days. One of them is the PCD franchise and the other is the pharma franchise business agreement. Both are having their own profits and limits. The pharma business opportunity of the pharma franchise and PCD pharma franchise is good in India.
When you heard terms about the Pharma franchise, PCD Franchise, and so on, it becomes quite confusing. Although they both have the same nature, characteristics, and benefits but they are different in many terms.
Before move ahead let us discuss :
What are Pharma Franchise and PCD Pharma?
Pharma franchise is an official permission or approval granted by Pharma Company to distributors, groups, or individuals. Franchise Company gives rights to franchisees to spread its business with the help of a Franchise Company. Pharma franchise is also known as PCD, this means propaganda cum distribution, pharma company means, and the company has its own manufacturing facility.
Pharma Franchise and PCD Pharma Franchise both are the same in many ways. There is no major difference between them they just vary on the scale on which both of them work. PCD Pharma which stands for ‘Propaganda cum distribution’ works on the smaller level as compared to the pharma franchise business but the basic working process for both is the same.
Franchise business means Franchise Company gives rights to franchisees to spread its business with the help of Franchise companies. It is the responsibility of the franchisee to propagate and distribute the products in his area.
Any business investment depends on the size of the business. If you are new to the business line and have less investment, PCD pharma is the right option. While the Pharma franchise is a large-sized business, needs huge investment.
The most important thing is experience. If you have a good experience of at least 2 to 4 years at a good post at the manager level, then you are qualified for the pharma franchise. On the other hand, in the PCD pharma in Haryana can be applied with or without experience.
Sales Target Planning
PCD franchise offers freedom and does not keep any sales target and if they keep it are very low. On the other hand, Pharma franchise owners have a bigger sales target to be fulfilled by them. In other words, In PCD Pharma Franchise in India, sales target is high and compulsion of monthly/yearly sale but in the franchise system, sales target may be less or even maybe no sales target.
Promotional planning is a major difference between the two. Pharma franchises get more support from the parent pharmaceutical company than PCD franchises. The pharma franchise gets more advice. But PCD franchises receive little support. Pharma franchises work in large areas, they receive support in terms of promotional tools, while support for PCD franchises is limited to small promotional tools.
The size of the pharma franchise business is bigger so, it requires a larger area than the PCD Pharma. The larger part is allocated to PCD pharma. On the flip side, PCD Pharma doesn’t cover the wide-area.
Area of Operation
While monopoly rights are enjoyed by both franchise owners. PCD businesses typically operate inside a small zone, and usually, there is a Pharma franchise with numerous small PCD franchisees working under it.
The pharmaceutical industry provides great opportunities for growth in both cases. Many people are opting for franchise businesses these days, and this trend is expected to remain in the coming years. If you are planning to invest in this industry or start a new business, then it is advisable to go for PCD first.
Venistro is one of the top PCD pharma franchise company in Haryana, India offer the best services of the franchise in India. You can connect with us for more information.