Do you want to have the best business deal while opting a Pharma Franchise? When there hundreds and thousands of options to choose from, it is the most natural thing to get confused. We have shared here certain most signification criteria to judge the pharma franchise company for business.
The market is flooded with a very large number of pharma companies which are also increasing day by day. The real profit in the business of pharma franchise is to partner with a company that provides you reliable support. Hence, a reputation of the company counts a lot. There are plenty of other parameters you should consider before choosing the best pharma company in India.
How to Select Best PCD Pharma Franchise Company
Though there are no thumb rules for the success in business, there are some ways to determine how the company will prove the best for your business. We have given here some points which are must to be considered before picking a good pharma franchise company in India.
- Check the history of the company. Get all possible data related to the company’s history.
- Try to get reference from client audits who have experience of working with this firm.
- Choose a company with a catchy name that can be remembered easily.
- A long list of products are of no use if you are not interested in them. Hence select the company with the product list that interest you.
Besides above points, quality and certifications are very significant as product is concerned with people’s health. Hence, we have discussed these criteria further in details.
Quality & Certifications in Choosing Pharma Company
As you are dealing with critical product like medicine, you need to get reviews about the quality of the products. Try to get free samples and get reviews from the practitioners. Make sure that the firm is holding all the valid national and international certifications as listed below.
- FDA authorized valid Drug License and TIN number
- Certificate from the World Health Organization (WHO)
- GMP – Good Manufacturing Practices
- ISO 9001:2008
- DCGI Certificate issued by the Drug Controller General of India
Make sure the company’s all above certification are in order and valid.
Ready Stock Availability
Most of the distributors face the problem of the availability of the products though they exist in the product list. Once you refer the products to the doctors, make sure the company is able enough to keep certain stock ready for immediate supply. Non-availability of the product may lead you to lose a good amount business.
What Benefits PCD Pharma is Offering?
Being a business associate, the pharma franchise company offer benefits in form of goodies, regular updates, rewards etc. A regular update of the new products through brochures can be very beneficial. Check their inputs in the form of promotional items like bags, calendars, planners, organizers, and other stationery and medical items. The best PCD pharma company values your partnership and offers maximum benefits to you against your sales.
PCD franchise is a vast business in India. However, you need to careful about the quality of the products. Keep a track of the market through various sources to check the market position and reviews of the company you are dealing with.
Also Read – Indian Govt Plans New Pharma Policy to Slash Prices