When entering the Pharmaceutical industry, two popular business models generally come to mind and those are PCD Pharma Franchise and Pharma Distributorship. Each is known to be good in its own way and has its own benefits and motivation, also it comes down to defining the fact that one suits you, your materials and better market place. Far too frequently, candidates cannot explain the objective nature of these types of jobs hence this blog will help you get complete details.

What is the PCD Pharma Franchise in India?

The PCD Pharma Franchise is a concept through which a pharmaceutical company offers rights to sell and promote the medicines manufactured by the company in their specified territory. This business model is easily understandable for entrepreneurs and individuals who are looking to start business in the pharmaceutical industry.

List of Benefits in getting involved with a PCD Pharma Franchise

• Monopoly Rights: An important component of Pharma franchise is usually the franchise partners gaining the monopoly rights to sell and distribute products under that same brand name and within their specified region that decreases the competition rate.
• Low investment: The initial investment will lower as compared to starting other business and higher profit margin.
• Marketing & Promotional Support: To an extent PCD Franchise partners are supported by the promotional materials which can be in form of Visual aids, Glossaries, LBLs, notepad, and more, also product samples along with training is offered by the parent company helping them to penetrate the market easily.
• Flexible Operations: The franchise partners have the power to decide on everything from market niche to develop their customer base.

What is Pharma Distributorship?

The pharmaceutical distributorship includes buying large stocks of the medicine in large quantities from manufacture and selling it to retailers, chemists, hospitals, or clinics. Associates are located between buyers and sellers in the supply chain and convey products to its consumers.

Opportunities of Pharma Distributorship

• Higher Volume Sales: The distributors generally have a larger number of products that they take to the market and hence they have higher chances of making more revenue.
• Established Relationship: Manufacturer might have more than one distributor which supplies their products that in turn offer their clients a wide range of pharmaceutical products.
• Stable Business Model: Due to the fact that distributors cater to the high demand easily, this model is known to have high revenue predictability.

Key Differences between PCD Pharma Franchise and Pharma Distributorship

A pharmaceutical company must understand the difference between a PCD Pharma Franchise and a pharma distributorship when selecting its business model. Whereas Pharma franchise works on a concept of exclusivity and selective marketing domain on a specified territory, pharma distributorship extends its business on broader platforms and scale where it supplies mass quantities of products to multiple numbers of retailers and medical stores. These models are defined by investment, market scope, operating flexibility & support model. This comparison will help in deciding the way is hopefully for you with reference to goals and resources in the pharmaceutical industry.

Which is best PCD Pharma Franchise and Pharma Distributorship for you?

If one has to choose between the two options PCD Pharma Franchise & Pharma Distributorship then it solely depends on several aspects that include investment capacity, goals and objectives of the business as well as experience in the market.

Choose PCD Pharma Franchise if:

• You seek minimal commitment and easy operational management
• You also get ownership rights in your designated region
• If you are a startup company in the industry and require a marketing support from a parent company

Select Pharma Distributorship if:

• You have the capital to buy products in bulk
• Want to start your business with wide range of product portfolio
• If you are familiar with supply chain operation management

Why should you partner with Plenum Biotech for PCD Pharma Franchise?

The reason you should select Plenum Biotech is that we provide a unique opportunity for everyone who wants to start their business in the pharmaceutical industry. We assist all our PCD pharma franchise partners’ comprehensive promotional and marketing support, high-quality products, and diverse range of product portfolio, monopoly rights and thus make them successful.