Before starting a Pharma Franchise business below are some important steps that should be go throw.
Step 1: Being a Detective and Finding Out What Medicines People Need
While those papers are getting ready, you get to be a detective! This is super important to make sure your business does well.
1. Talk to Doctors: Go around to doctors in your area and see what kinds of medicines they usually prescribe to the patients to take. You also can discuss with doctors about what medicines they prescribe a lot. This will tell you what kinds of illnesses are common and what medicines are in demand. Which therapeutic segment you should initiate as a franchiser. As there are more then 40 Therapeutics segments in pharmaceuticals world, so it will be important to you to find the segment that will good for you to supply in your area. Click Here to get a list of all Therapeutics segments launched by Cafoli.
2. Visit Medicine Shops: After talking to doctors, the next important step is to visit the medicine shops in your area. These are places like pharmacies or chemist stores where people buy medicines.
When you go to these shops, you should look closely at what medicines they have. See which ones there are many of, and which ones seem to be sold out often. Also, you can ask the people who work there which medicines they sell the most.
This step helps you understand which medicines people in your area are buying all the time. It's like finding out which food items are most popular at a grocery store. Knowing this helps you choose the right medicines for your business, so you can make sure you have what people need. It's important to know what medicines are used a lot so you can have them ready.
2. Make Your Medicine Wishlist: After you find out what medicines are popular by visiting the shops, the next step is to make your own list of medicines. This list should have all the different kinds of medicines that people in your area seem to need.
Here's an important tip: when you write down the medicines, don't use their special brand names yet. Instead, just write down the main name for what the medicine is. This is like writing down "a type of pain reliever" instead of a specific brand name of pain reliever.
Having this list ready is super helpful when you talk to the big companies that make medicines. It shows them that you know what you're doing and that you're serious about your business. It also makes it easier for you to choose the best company to work with, because you can quickly see if they make the medicines you need.
Step 2: Picking the Right Medicine Company
Once you have your papers sorted and your medicine order list ready, it's time to find a Best PCD Pharma Franchise company to partner with.
1.Search for Good Companies: Look for big, well-known medicine companies that make lots of different medicines and are known for good quality. Companies like Cafoli, for example, have more than 1500 medicines, which is great because doctors prescribe all sorts of things.
2.Show Them Your List: When you contact a company, show them your medicine order list right away. This makes it easy for them to see what you need and give you their best prices. It saves everyone a lot of time.
3.Check Their Website: Before you even call them, look at their website. This tells you a lot about what medicines they make and what they're all about.
4.Be Careful of Fakes: You need to be very careful and make sure the company is real and makes good quality medicines. A real company will be happy to tell you how they make their medicines. You Can Make a video call to them to check their stock house. Check the manufactures' of medicines, Medicines should be Manufactured by WHO-GMP Certified Units only. This ensures the products efficacy and quality. Likewise, at Cafoli our all medicines are manufactured by top well known units like AKUMS, WINDLAS, SYNOKEM, ALPEX, BIODEAL, BIOALTUS, HATRO, etc. To get manufactured by Top units ensures us and our franchise partners to delivery with best quality medicines only. Click Here to check about Cafoli’s Products.
Step 3: Making It Official:
Once your Drug License is approved, you're almost ready to start your franchise business.
1.Share Your License: Any top PCD Pharma company will definitely ask to share a copy of your Drug License. This is how they know you're allowed to sell medicines.
2.Benefits of joining hands with a TOP PCD Pharma Franchise Company: It's better to work with a well-known company, even if their medicines are a little more expensive. They usually:
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Don't make false promises: They tell you the truth about availability of products, dispatch status or payment terms.
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Always have medicines in stock: You will never have to face any shortage of products.
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Deliver on time: If you required any urgent medicines, they will be able to deliver you on time as TOP PCD Pharma Franchise Companies normally have ties up with all good reputed transport or courier companies.
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Make new medicines when needed: They keep up with what people need. The higher price is usually because they use really good stuff to make their medicines and work with top factories.
Some companies even have a form on their website you can fill out to get started. Click Here to download Application form of PCD Pharma Franchise.
After You filing Franchise Form:
If you send your form to a company like Cafoli Lifecare, here's what happens next in our company.
PCD pharma Franchise process via Franchise application:
They Check Your Form: Sales team looks at your form and papers to make sure everything is filled out correctly and your documents are real. They also check if your area is available for you to sell in.
They Do More Checks: They'll look into your business background, you were either a medical business or an employ. You can get a call from sales executive to get more discussion about your business plans.
They Make Your First Order List:
After verify drug license and GST number our sales executive will share PCD pharma franchise price list so that you can select products from the list and place your first order. On behalf of Your selected list of products our service manager will prepare a sales order and share a dummy bill with you, so that you can make payments. If bill is ok, you pay for your first order.
Dispatch Your Medicines: After receiving the payment, order will proceed to packing and then booked to dispatch by a transport or courier recommended by you. And after the milestone covered by the logistic you will get your first parcel from the company.
Some Important Points After You Get Your First Medicines
Once you have your medicines, your real journey begins! The company will keep helping you:
•Always There for You: They'll have someone to help you with future orders and any questions you have.
•Help with Selling: They'll give you promotional materials like Product cards, visiting cards, MR bag, visual book, reminder cards and leaflets to help you sell your medicines and get more customers.
•Always Have Medicines: You should place order for your stock little bit advance to supply them without any shortage, if medicine will get short your competitor can supply medicine at your counter.
To get more information about PCD Pharma Franchise terms please Click Here
Frequently Asked Questions About Pharma Franchise Business.
Q1: What exactly is a Pharma Franchise or PCD Pharma Franchise?
A: Suppose there's a company that makes medicines. Instead of having their own shops all over, they let other grown-ups or shops sell their medicines in one place. It's like they're saying, 'Okay, you can sell our stuff in this area!' This is like a 'franchise' thingy, and in the world of medicines, they call it a 'PCD Pharma Franchise.' PCD is short for something like 'show and sell,' which means you get to tell people about the medicines and sell them too.
Q2: Who is this type of business opportunity for?
A: This is a great chance for people or businesses already working in the medical field. This includes medical agencies, medicine distributors, wholesalers, and even individuals who used to work as medical representatives for a company. If you have connections with doctors or pharmacies, this can be a good fit.
Q3: What are some good reasons to start a Pharma Franchise?
A: There are lots of good reasons Like, you don't need as much money at first, compared to making your own medicines from scratch. You get to sell medicines from a company that maybe everyone already knows and likes. Also, they give you your own special area to work in, so not many other people will be selling the exact same thing right next to you. And guess what? You're the boss of your own work.
Q4: How do I begin the process of getting a Pharma Franchise?
A: First thing you got to do is be like an explorer. You need to look around for those companies that make medicines and are saying, 'Hey, you can sell our stuff!' in India. Then, you need to check out what they make and if people think they're good. After that, you got to talk to the companies you like. Ask them how you can sell their stuff. You'll need to chat about things like, 'Where can I sell this?' and 'What kinds of medicines will I be selling?' and what the rules are.
Q5: What kind of support can I expect from the Pharma Company?
A: Lots of times, the company that makes the medicines will give you the actual medicines, duh! They might also give you colourful papers with pictures and words about the medicines, like flyers. And some companies will even teach you all about their medicines so you know them really well.
Q6: Do I need a lot of money to start a Pharma Franchise?
A: Mostly, you don't need as much money to start this as you would if you wanted to build your own big factory to make the medicines yourself. But, how much money you actually need depends on the company and how big you want to start. You'll probably need some money to buy the first set of medicines to sell and to tell people about them.
Q7: What are my main responsibilities as a Pharma Franchise owner?
A: Your big job is going to be telling the doctors and the big buildings where people get better, like hospitals and clinics, all about the cool medicines. You also got to take the medicines to the shops where you buy them, the pharmacies, so sick people can get them.
Q8: Is having a drug license necessary to start a Pharma Franchise?
A: Yeah, mostly, you got to have a special paper, like a permission slip, called a 'drug license' to sell these medicines in India. But it might be a little different depending on where you live in India and what kind of medicines you're selling. So, you really need to ask the grown-ups in charge to be sure about the rules where you are.
Q9: How can I be successful in the Pharma Franchise business?
A: If you want to be really good at this, you need to be friends with the doctors and the people who work at the pharmacy. You should also know a lot about the medicines you're selling, like what they do. And if you keep things neat and give people what they need nicely, then you'll do great Job.
Q10: Where in India can I find Pharma Franchise opportunities?
A: Lots and lots of companies that make medicines all over India want people to have their franchises. You can start by looking on the computer and typing 'PCD Pharma Franchise India' or finding lists of all the medicine companies online. You can even just call the companies you want to get franchise and ask them.