PCD Pharma and Pharma Franchise Business. This is the most confusing terminologies for new people. Most of the people assume that both are same and commonly use in Pharmaceutical industry. Well, There is various difference in both. Working style and strategies are totally different. Here in this article, we are describing the difference between PCD Pharma and Pharma franchise business.
Firstly we should break all three words which are mentioned PCD Pharma Franchise
PCD - PCD Stands for Propaganda Cum Distribution. PCD term is used in pharma for marketing and distribution rights in the Pharmaceutical sector
Pharma – Pharma stands for large or small pharmaceutical companies as a group
Franchise – Franchise is an authorization granted by the company or an organization to an individual or group to carry out specified commercial activities.
PCD Pharma franchise business is trending business in the modern era. Increasing demand for medicines opens various business opportunities in the pharmaceutical sector. The best part of the PCD Pharma franchise business is customers are easily available in the market and the profit margin is high on medicines. So one can see positive growth in the PCD Pharma Franchise.
Now we will discuss the difference of Pharma franchise and PCD Pharma
PCD pharma works at small scales. This business requires less investment. The targets are not specific and the risk factor is also low in this Business. In PCD Pharma the Pharma company authorizes the pharma company carries out patents and trademark of the company. This is monopoly rights based and contract between two parties.
Pharma franchise is a large-sized business. We need big investment to establish a business unit. The area, operational units are large and the targets are specific and pressing. To carry out commercial activities from the pharmaceutical company is known as pharma franchise.
If we talk about pharma franchise, the pharma companies offer more priority to the pharma franchise business. Like bring sales for their business, and offer various benefits like incentives, promotional support. But on the other hand, PCD Pharma owners get limited benefits and limited services. For a PCD Pharma normally 10,000 to 20,000 amount required but for Pharma franchise invest required 3-4 Lakh. This is a bug budget business. So the companies give more importance to them, as they investing a large amount in the business. Qualification is also different for both. For PCD Pharma 2-3 years experience will be also fine and minimum12th pass required, but for Pharma franchise 3-4 experience required in sales manager, pharma marketing etc. and higher qualification required. In the PCD Pharma, less area offered for sales but for Pharma franchise area for sales is wide and vast and the person can explore the market.
Why is Pharma Franchise business model better than Pharma Company?
Pharma Company gives multiple benefits than the franchise model. It is the growing business industry in which people are investing in the pharma business sector. In the franchise business, we need to ensure whether our customer's need to invest lots of time, money and efforts in the pharma company but in the franchise business, we will be entitled to spend fewer efforts.
Conclusion
In the end, we can say the Pharma sector is a growing industry. One can earn and explore more opportunities from the pharma industry. For a profitable business, always collaborate with the best pharma company, who have a good reputation and image in the market. Innovexia Lifesciences is the one, which offers business opportunity according to the market trends.
