The major difference between the PCD and Franchise is the size at which both these businesses work. The PCD pharma business works in the smaller unit covering less area as compared to the Pharma Franchise which requires large units and areas. Apart from that, the PCD Pharma needs less investment and has no specific target which is the complete opposite of Pharma Franchise business as it includes the specified target.

Yes, one can take PCD Pharma Franchise from more than one company.

Starting a Pharmaceutical company is a good business option. The Pharma Company can work towards specific or all of the sections which are research, manufacturing, trading, distribution, and marketing, etc. If you want to start a pharma manufacturing company then you will need a drug manufacturing license from state drug control authorities.
If you want to start pharma business in marketing, trading or distributorship then Wholesale drug license number is necessary. Those who want to open up a pharmacy or a pharma retail shop need to get a retail license number.

The earning in PCD Pharma Franchise business depends on you and on the company that is giving you Pharma PCD Franchise. The more products you sell the more profit you will earn.

Servocare Lifesciences offers the free of cost visual aids and MR Bags with the logo printed on it. Apart from this, here below are the things Servocare offers to its associates:

• Detailed pharma products visual aids
• Chemist Order book
• Products marketing bags
• Visual Profile for Company
• Pharma Company visiting cards
• Pharma Literatures
• Reminder cards for pharma
• List of products
• Calendars, Diaries pens, keychains, and notepads
• Company letterhead
• Company logo stickers
• New product alert through email, WhatsApp messages, and SMS
• Thanking letter for doctors and chemist.

You can, but make sure to ask your company if they have vacant locations in other states. If your desired region is vacant then you can start your Franchise or PCD business there.

Yes, one can take multiple franchise businesses on one drug license.

One can apply with a D pharma License and a stockiest for Pharma Franchise business.

The difference between PCD Pharma Products and Generic Products are as follow-

PCD Pharma Products –Propaganda cum distribution pharma, it is a type of sector in which a pharma company signs a franchise agreement with an individual or group of people to sell and marketing of their products.
The distribution is managed by the stockiest and retail channel. The sales performance depends on the efficiency of the distribution channel.

Generic Products – A generic product is something that is sold on the name of the product i.e. what it is, rather than having a brand name.
Here companies sell generic medicines to retailers directly, using the distribution channel. Sales representatives facilitate in selling the products.

GMP stands for Goods Manufacturing Practice. It ensures the quality of manufactured products and covers all the aspects from manufacturing to the packaging of the product as per the quality standards. GMP prevents errors that cannot be eliminated through quality control of the finished product.
WHO stands for World Health Organization. WHO has established the norms for goods manufacturing practice (GMP) to meet the quality standards. The World Health Organization developed GMP as a part of its obligation “to develop, establish and promote international standards for pharmaceutical products”.

Yes, PCD Pharma Franchise business includes the incentives. If you meet the target given by the company then the incentive is sure.

Drug license is a basic necessity for dealing in any kind of business that involves drugs in it. Under the Drugs and Cosmetic Act, 1940 an authorization is granted by the government.
There are four steps to apply for a drug license.

1. Documentation – Preparation of all the documents including key plan, site plan, and declaration.
2. Application filling – Fill the application online if you are applying online including the payment.
3. Inspector visit –The inspector will visit your shop to cross-check the information after the grant of license is filed.
4. Grant of license –The applier will get the drug license in the final stage of this procedure..

Yes, you can take PCD Pharma Franchise from a company in Partnership.

Yes, the retailer can apply for Pharma PCD Franchise using wholesaler drug licenses.

The pharma market has engulfed itself with several Pharma Franchise Companies. There are a few factors that can help you in choosing the best Pharma Franchise company in the industry.

• Company profile
• Legal permits
• Product segment
• Quality assurance
• Monopoly rights

MUDRA Loan is the best for PCD Pharma Franchise business. Here is how you can apply for MUDRA Loan:

• Shortlist banks which offer favorable loan proposals.
• Send them applications
• Now, wait for the response till the loan is underscan.
• You will get the MUDRA Card which is RuPay Card once your loan is approved.

Documents required for MUDRA Loan:

• Birth Certificate
• Recent photograph
• BIL/RBC application form
• Address proof and identity of the business
• Bank Statement of last 6 to 12 months (as per bank)
• Copy of SC/ST/OBC/Minority certificate (if)
• Business plan with quotations of spending plans.
• Identity Proof i.e. Aadhaar Card/ Driving License/ PAN Card/Passport etc
• Residential proof

The qualification requirement for PCD Pharma Franchise business varies from company to company. Mostly, the minimum qualification is 12th and graduates with experience in the pharmaceutical industry can also apply.

The branded drugs are better than generics drugs because branded drugs go through under many tests, known as clinical trials, to prove that their drug is safe. The branded drug is only sold by one manufacturer, several companies will usually sell the same generic drug, which leads to competition in the marketplace and lower costs for consumers. Whereas the generic drug typically costs about 80% to 85% less than the same branded drug.

Generally, the pharma franchise holder has to pay 10% of the net rate to the wholesaler or distributor. It may vary from company to company.

PCD Pharma Franchise doesn’t require much investment. However, the investment varies from company to company. Generally, the pharma franchise can be started with the basic investment from 20-30 thousand.

The profit in Pharma Franchise business depends on you. The more products you promote in the market the more profit you can earn. More the sale of medicines will be more profitable. If you thinking about the percentage of earning that its depend upon which products category you have choose for sale or which company you have choose for the franchise. The percentage of earning is dependent on product to product and sale target. It could be 10%, 15% or 20% of Total Sale.

Starting a Pharma Franchise business is much more beneficial than opening up a medical store because the profit margin is much better in Pharma Franchise business.

No, pharma Franchise companies do not take back the expired products. The Franchisee holder, should the market requirement and order the products accordingly so that products do not go waste.

The Pharma franchise agreement is mainly signed between the Pharma franchise distributors and the Pharma franchise company or the franchiser. This agreement is based on the mutually agreed terms and conditions, which both parties should accept and follow to start the business. This terma and conditions are different company to company. The agreement is also renewed to continue with the business.

Yes, a Sciences student can get the license if all the conditions are met.

PCD Companies provides air-tight and leakage proof packaging to maintain the long life shell of the products. Good quality and attractive packaging help to impress doctors and customers. There are three types of packaging-

• Primary Packaging –Aerosol spray can, bottle, blister packs
• Secondary Packaging –Boxes, cartons
• Tertiary Packaging – Edge protector, container, barrel

Types of the packaging material are provided by PCD companies-

• Glass
• Plastic
• Rubbers
• Paper/ cardboard
• Metals

There are some sales targets in the pharma franchise business that are given by pharma companies. Once you meet the sales target you can earn incentives as well.

Pharma professionals with experience in the pharmaceutical industry can apply for PCD Pharma Franchise. Apart from that, doctors, wholesales, stockiest, MR (Medical Representative), pharma students can also apply for this business.