You have multiple career choices when you pass out from the pharma school.

The degree in pharmacy can give you a lucrative job in a pharma company where you can achieve great heights by hard work and dedication. At the same time, you may decide to become an employer instead of the employee by launching a pharma company of your own.

Which path you choose depends on your personal preference and circumstances. Both are equally exciting, challenging and rewarding.

If you are a student and want to start up a pharma company, then read the blog up to the end. You will get an insight on how to proceed for it.

1. Collect the necessary documents

You are supposed to follow a procedure to launch a pharma company. The first step is to collect the documents that are necessary for the process. Here is a list of documents:

• Drug License Number or DL NO
• GST Registration
• Trademark registration
• Registration of the company
• FSSAI Registration if applicable

Experts say that the drug license number is mandatory for running a wholesale business and maintaining the stock. You need to manage sales and purchase registers and the right to exhibit and distribute drugs.

For all these activities you are supposed to issue drug license number. Go to the office of local drug controller or drug inspector.

To get Tax Identification Number (TIN), you need to meet the tax authorities.

2. Go step by step

The formalities for launching a pharma business are almost similar in all the states in India. They vary a little bit. You are supposed to meet the authorities and get their confirmation for starting the business. The important steps are:

• Get adequate training to start a pharma company.
• Make a detailed business plan.
• Choose an appropriate location of the business.
• Search the building and premises. Make proper arrangements for keeping the raw material and finished stock. You may rent it or buy the property. Make sure space is sufficient.
• Read the norms laid by the government about safety. The premises should adhere to the same.
• Arrange finance source. You may put the personal money into the business or lend from bankers.

3. Make a list of molecules and combinations you want to launch

It requires a thorough research. The names should match other existing product. It should not be in the existing set. You are supposed to appoint registered experienced pharmacist.

These steps are representative and not all-inclusive. You should hire a consultant to ensure that the process is flawless.

MediZeal Pharma is a leading PCD pharma company for the pharma products and Franchise Marketing. One of the best pharma franchise companies in India offering monopoly rights to pharma companies in India with top medical promotional schemes.

Also Read :

How do I Start a Pharma Franchise or PCD?

What is the Scope of PCD Pharma Franchise Business in India?

The post How to Start Pharma Company by Pharmacy Student? appeared first on MediZeal Pharma.

Starting a business is a quite exciting idea. In a country like India where the economy is crossing new heights with every passing year, a PCD pharma business or pharma franchise would bring big profits.

Business experts say that the earlier one starts, the better it is. The competition in this field is increasing at a phenomenal rate. Hence, early birds get benefited.

In the coming decades, the profit margins will drop further, and it will take more efforts to maintain the bottom line.

How should an entrepreneur prepare for the pharma franchise business? Here is some valuable information which will help.

Understand the difference between PCD pharma and Pharma Franchise

Do not assume that these two business streams are similar. In fac, they are different in several ways. Therefore, it is essential to know about them before moving ahead.

PCD Pharma

It is a business with lower sales targets. It operates in a small-scale with a low volume of starting orders. The business segment is for retailers, wholesalers, distributors and medical representatives.

Since the business volume is low and the initial investment required is less; this business module is ideal for people who can spend less.

Pharma franchise

In this business model, not only the sales targets are high, but the order size is also significant. The person who wants to launch the pharma franchise business needs to have at least ten years of experience in the niche.

It is quite clear that launching a pharma franchise business is more difficult than starting the PCD pharma business.

Steps to launch the PCD Pharma company

• You should start searching for the pharma companies that are interested in appointing PCD business partners.
• Once you find a few companies, then the next step is to compare and shortlist.
• Get the product list and price list from the pharma company.
• Talk to the coordinator and get the market agreement prepared. It must contain the terms and conditions in detail. You must remember that there has to be an agreement on terms and conditions.
• Get the terms of payment and credit policy.
• Ask for monopoly rights if you feel so.
• Business targets should be clear and unambiguous. Targets for the first year are relatively low, but they may become aggressive if the competition is fierce.

These steps are just indicative. To get information in detail, you have to talk to the pharma company.

Both pharma franchise and PCD business are lucrative and profitable. You need to put sincere efforts to achieve big success.

MediZeal Pharma is a leading PCD pharma company for the pharma products and Franchise Marketing. One of the best pharma franchise companies in India offering monopoly rights to pharma companies in India with top medical promotional schemes.

Also Read :

How to Kick-start a PCD Pharma Company in India?

How to Select a Good PCD Pharma Franchise in India?

The post How do I Start a Pharma Franchise or PCD? appeared first on MediZeal Pharma.

Why is it so? It is because your profitability primarily depends on the quality of the drugs you sell. Hence, a wrong decision may hamper your business sustainability.

The blog tells you a few things that must be checked before you sign the business deed.

1. Products and their quality, the two critical considerations

Why should more emphasis be given on product quality? It is because the medicines sold by you as the PCD pharma franchise can make or break your image. Therefore, you must be skeptical about it.

A company that is well-known for high-quality products can make you a successful entrepreneur. Your team requires fewer efforts to convince the physicians.

2. Pick a company that has been around for many years

For how many years the PCD pharma company is there in the business? If it is an old and established company, then your work becomes much more straightforward.

You are not supposed to put efforts in establishing the identity of the pharma company. Everyone knows about it. Physicians also don’t hesitate in endorsing the products because they are familiar with it.

The only thing is that you may get the franchise business at a higher cost. However, it is compensated by the higher sales performance and productivity.

3. A company that has an impressive portfolio

When you join hands with a pharma company which has good product portfolio, you need not put excessive efforts in marketing.

Moreover, you have the edge over competitive players. When your marketing representatives meet the physician with the product catalog, they are in a better position to convince him.

4. A company that treats the franchise as a business partner

If you are a franchise of a pharma company that considers you its business partner, then you are on the right track.

Yes, being a significant contributor to the top lines of the business graph you deserve the right treatment.

A company that cares about the franchise assigns separate account manager. Also, it offers 24×7 support to the franchise.

Every grievance or problem is considered essential and resolved at the earliest.

These are a few things that determine whether you have picked the right pharma company or not. There may be so many companies around, but you should choose the best.

When it is the question of your business performance, you must spend some time in comparing options.

MediZeal Pharma is a one stop solution provider for the Pharma Products and Franchise Marketing offering wide range of medical products for PCD pharma companies with all the needed attractive promotional materials at cost-effective rates.

Also Read :

What is the Scope of PCD Pharma Franchise Business in India?

Tips for Choose the best Pharma Franchise Company in India

How to Start Pharma Company by Pharmacy Student?

The post Which Company Provides the best PCD Pharma Franchise Business Opportunity? appeared first on MediZeal Pharma.

It is not necessary to join a pharma company after passing out from the college with a degree in pharmacy. In the dynamic business scenario today where the government is promoting startup businesses, you can think about launching your PCD pharma franchise business.

Yes, it is a fast-growing field where you must enter to get the first-movers advantage.

With the help of the government’s support and your efforts, you can take the business up to great heights. As the Indian economy is progressing with an enormous speed, the growth prospects seem to be incredible.

The 2020 target of pharma market is 55 Million USD which is a colossal figure. Those who are ready to work hard and don’t hesitate in taking some risk can do wonders.

Why is PCD pharma franchise model is ideal in India?

Entering into the pharma business is a right decision. However, one must be clear about which stream to choose?  What is the best business model? Who can share the required information?

The questions are so many, but it is possible to get the answer for everything by approaching systematically. You should explore the world of the Internet for it.

According to industry experts, the best and the safest way is to start a PCD pharma franchise model. It is an easy, adaptable, and practical business idea for beginners.

What is a PCD Pharma franchise model?

It is a pyramidical structure if we look at the pharma franchise model. On the top, you have the wholesalers and distributors who buy the products directly from manufacturers in bulk.

The products are distributed further to various channels. Due to their credential powers, wholesalers and distributors get a lot of support and favor from the pharmaceutical manufacturers.

The single-party model and multi-party models are two variants to choose from. For beginners, it is good to start with the single-party model as it required less money. After some time, one can move to a multi-party model.

Chain pharmacy, health supplements, OTC medicines, C&F agents are some examples.

You can start a business as PCD Pharma franchise retailer also

If you have limited financial resources, then this is the ideal model for you. It doesn’t need any experience in the niche.

You can choose among various options such as clinical pharmacy, hospital pharmacy or a standalone pharmacy.

PCD pharma franchise in India is an exciting business opportunity. Take a start to a journey to become a successful entrepreneur.

MediZeal Pharma is a leading PCD pharma company for the pharma products and Franchise Marketing. One of the best pharma franchise companies in India offering monopoly rights to pharma companies in India with top medical promotional schemes.

Also Read :

How to Select a Good PCD Pharma Franchise in India?

How to Take Franchise of a Pharma Company in India?

The post What is the Scope of PCD Pharma Franchise Business in India? appeared first on MediZeal Pharma.

Whether you are a startup company or an established entrepreneur who is looking for an addition in the business, don’t pick a pharma company hastily.

You may find hundreds of choices when you search, but very few of them are really beneficial for the business.

Top Tips for Select the best PCD Pharma Company

Is there any way you can make a comparison? Well, this blog tells you some crisp and effective tips.  You will find them useful.

1. Read the portfolio information

When you pick a company, check the product portfolio. Do you find it comprehensive?

Does it include a wide range of products?

If yes, then you will have an edge over your competitors. You have a better chance of convincing a physician whether he is new or experienced.

2. Check how the company treats its customer?

You are the client, and you must get the right treatment. The pharma company must address your queries, complaints or grievances fast.

Does the company provide round-the-clock customer support? Do you get a dedicated account manager?

If yes, then you are on the right track. Grab the company and take your business at new heights.

3. Experience in the niche

It is no matter whether you are a new entrant or a seasoned player, the pharma company you choose has to be experienced. Not only it ensures that the products are good, but they are known in the market.

The physicians widely accept a pharma company that is well-known for good products and has been doing business from quite some time.

They get convinced with the products immediately. What you get is a high sales graph in less time. It is needless to mention that higher productivity of your marketing team brings higher profitability as well.

4. Quality of products

Last but not least, the quality of the products is an important aspect. The higher it is, the easier it is to convince the doctors. Since the effectiveness of the medicines directly improves or hampers the reputation of the physician, they are quite particular about the product quality.

Your marketing team has to put lesser efforts if they convince the doctors because the products are already known for their effectiveness.

This is a brief guide about picking the right pharma company for your PCD franchise business.

MediZeal Pharma is a leading PCD pharma company for the pharma products and Franchise Marketing. One of the best pharma franchise companies in India offering monopoly rights to pharma companies in India with top medical promotional schemes.

Also Read :

How to Kick-start a PCD Pharma Company in India?

How do I Start a Pharma Franchise or PCD?

The post Tips for Choose the best Pharma Franchise Company in India appeared first on MediZeal Pharma.

When everyone is earning big profits by launching pharma franchise business, why should you be a laggard?

The ever-increasing demand for medicines due to upliftment in the healthcare facilities in India becomes the sole reason for entering the niche.

Every aspiring entrepreneur who is ready to take risk must build a career in this field.

It may take some time initially to get momentum, but the business can bring big profits once it attains a certain level.

Are you worried about the complexity of getting a pharma franchise? Well, it is not that complex as you think.

This blog is intended for clarifying the misconceptions and making you aware of the simple process of acquiring a pharma franchise.

The pharma franchise is a business where you get high sales targets and starting orders. Also, you need deep pockets to launch a pharma franchise.

How to start the ball rolling?

• First, you need to prepare for it. Involve yourself in an in-depth research process to search the right pharma company. The better is the company, the higher the growth prospects are.
• Only a flourishing pharma company can uplift its franchises.
• You need to understand the product range offered. Also, you should confirm that all products are displayed on the menu card.
• The products displayed on the menu must be available in ready stock.
• Check the legitimacy of the company by knowing its history and reputation. For how long the company has been there in the pharma market? What is the general perception about it?
• Who is driving the company? Is it a big corporate house or a mediocre one?
• Each of these factors determines your success and stability. Hence, never compromise with it.

Check the payment terms

Once you are convinced about the genuineness of the company, now you must look into the payment aspects.

What are the terms of payment the company is offering? Is it required in advance? If yes, then up to what percent? Does the company expect 100% payment in advance?

Make sure that every term and condition is unambiguous. You may seek the help of a legal expert or consultant if you feel so.

The same thing is valid for business targets as well. The pharma company must assign realistic goals and not extra ambitious. It is always better to be practical and balance.

Once you are clear about everything, go ahead for signing the agreement!

MediZeal Pharma is a leading PCD pharma company for the pharma products and Franchise Marketing. One of the best pharma franchise companies in India offering monopoly rights to pharma companies in India with top medical promotional schemes.

Also Read :

What are The Requirements for a PCD Pharma Franchise Company in India?

How to Kick-start a PCD Pharma Company in India?

The post How to Take Franchise of a Pharma Company in India? appeared first on MediZeal Pharma.

Whether it is your first business venture or a diversification, starting a franchise business needs sincere efforts.

The pharma business has performed superbly in the past three decades. Experts say that the healthcare in India is going to touch new heights. Hence, it is a wise idea to enter the market today.

Before you launch the business, it is essential to know about the prerequisites first. The procedure is not complicated but lengthy.

The government policies have become flexible and practical. With the focus on digitization, paperwork has reduced to the minimum.

This blog talks about the requirements that one should be aware of. Though it gives an overview, it is always better consulting an expert before you move further. By this, you ensure that nothing is missed out.

Also Read: How to Take Franchise of a Pharma Company?

Contribute to the GDP of India by launching a pharma business

Yes, the pharmaceutical sector is amongst the top contributors to the GDP of India. You can become part of it by starting a pharma franchise business.  Since the demand is forever, you can expect a continuous cash flow.

Let’s know about the prerequisites beforehand:

Experience

It is impossible to achieve great results in the pharma franchise business unless you have some experience in the niche.

The success of a franchise business depends on how good you are in achieving the sales targets. It means you must possess great selling skills. Two qualifications are expected in the franchise business.

• Two to five years’ experience in selling or marketing pharma products
• At least a Bachelor’s degree in the pharma discipline

Registration process

Since the pharma business is associated to drugs, license and registration norms are quite stringent. One must gather the complete information about it.

If there is some confusion, then a consultant can also be hired. He knows the rules and regulations in detail.

Investment requirements

Pharma franchise business is an investment-centric business. Other than the necessary investment, one has to pour money into it regularly.

The size of the investment depends on the size of the franchise business and a number of products.

To determine the cost, you need the help of some financial consultant. PCD pharma business is the best way of making money.

Planning is vital before launching any business and pharma franchise business is also not an exception.

Get the required information from all possible sources. A lucrative business option is waiting for you. Get the benefit of this flourishing market.

MediZeal Pharma is leading PCD pharma company in India for the pharma products and Franchise Marketing. One of the best pharma franchise companies offering monopoly rights to pharma companies in India with top medical promotional schemes.

Also Read :

What is the Difference Between PCD and Pharma Franchise?

How to Start a Pharmaceutical Distribution Company?

The post What are The Requirements for a PCD Pharma Franchise Company in India? appeared first on MediZeal Pharma.

All businesses need investment to start and grow. Whether it is your own or a business franchise you will require putting in some money in it for employee salary, purchase and much more to follow. Similar is the scenario with starting a PCD Pharma Company and you need to pump money until its profitable.

The pharma franchise industry is mounting well in India and offers enormous profit if you invest in the precise pharma franchise company. The picture of growth and ROI is different in the pharma business franchise. So you need to figure out the investment required by researching or have a consulting service from an expert individual or a firm.

Also Read: How to Start a Pharmaceutical Distribution Company?

Get ready with your budget for PCD Pharma Company with this stuff in mind

You require getting the approx idea for the necessary investment and for that an initial budget plan has to be prepared. Else, you can run out of cash. Here is the list of stuff to keep in mind while investing in a PCD Pharma Company:

• Take account of the cost of a manufacturing unit
• Costing of a consultant and expert in this domain
• Deciding the target market and figuring out the related cost
• MR, Sales, marketing and recruitment costs
• Machinery appropriate for specific products
• Figure out Licensing costs with regulations
• Promotional material costing

Investment obligatory to begin a PCD Pharma Company

The Pharma franchise company needs the investment as per the products and manufacturing. To direct the investment well you should split it into four parts that are:

1. Initial Investment
2. Second, invest in ongoing products supply
3. Investment in human resources
4. Emergency business requirements

Invest for the Licence of PCD Pharma Company

You need to invest around Rs. 5000 for drug license number and Rs. 4,500 for the Tax Identification Number (TIN) which may vary according to your state. For FSSAI registration you need to pay Rs. 100/year for the registration. The government trademark fees are about Rs. 4,500 in addition to the advocate fee.

Also Read: What is the Difference Between PCD and Pharma Franchise?

Conclusion

So these were the little things that you require to keep in mind while investing in the PCD Pharma Company to start and sustain it. Make sure that you pursue the accurate procedure and take help from the domain experts. So that you prepare a comprehensive budget and do not face any kind of issues later.

The post How much Investment is Required to Start PCD Pharma Company? appeared first on MediZeal Pharma.

A pharmaceutical distribution company stands in the gap amid retailing pharmacies and drug manufacturing companies. This is an industry that is not affected by the recession and so an enterprise entrepreneur can invest into this business for better returns. To, however, commence this category of business, one would necessitate acquaintance of drugs and how distribution processes work in this domain.

One thing that must be done before the preliminary business stages is to hire an advisor who comprehends the industry. He would access the business concept and settle on if the business would sustain and make profits as it should to the prepared plan.

Also Read: How to Start Pharmaceutical Marketing Company in India?

1. All-Inclusive Business Plan

Another thing that would be requisite when opening this business is an all-inclusive business plan. Writing a business plan is fundamental in particular if you be determined to come within reach of an investor or a financial association for a loan. Writing a broad business plan would help an entrepreneur to sustain the company in the long-term.

2. Strategy for Business Success

You require putting your complete layout like the monetary data, assets, marketing channels, techniques and legitimate company structure to strategize for business success.

3. Think About Your Target Audiences

Consider your intended market for PCD Pharma business and then select the ideal area for your product marketing. You can think of a pair of choices, check each of your selection and single out the best areas. You can further decide on the business sectors and the audience you want to target for your distribution or sales.

4. Submit Applications for Licenses, Insurance and Business Permits

With consultation from the experts, you need to submit an application for getting the needed licenses and obligatory permits. You need to follow the entire application requirement for your PCD Pharma franchise in India.

5. Marketing and Promotion of your Business

There are lots of marketing and promotion approaches to publicise your business. Developing a website is one of the immense approaches to market your business.

You can use both offline and online channels for promotions. Social Media Marketing and Search Engine Optimization (SEO) are one of the preferred options in the current scenario.

6. Moving Forward

You need to do your exploration on your competitor in the domain of Pharma Franchise operations. This can further help your business consider about what you currently have and what you can propose in the future by accessing them and later getting ahead of them.

Also Read: How much Investment is Required to Start PCD Pharma Company?

Presently, if you are thinking to open a PCD Pharma franchise company in India, there are elements for you to consider such your objective market, strategy for success, incredible wonder, representatives, and numerous others. MediZeal Pharma is a Delhi based pharma franchise company offering monopoly rights to best pharma companies in India with top medical promotional schemes.

The post How to Start a Pharmaceutical Distribution Company? appeared first on MediZeal Pharma.

Opening a pharmaceutical marketing company could be a decent choice if you have relevant experience. In the background of support given by the Government of India to start-up businesses, it turns comparatively simple.

Healthcare and pharmaceutical sectors are displaying growth and it can be viewed as a bright future. As an end result, the quicker you begin the business, the healthier it is.

Also Read: How to Kick-start a PCD Pharma Company in India?

An Assortment of Different Steps for Initiating the Process

The starting process involves an assortment of steps. You necessitate getting together with important stuff from standard and compelling sources. The Internet makes the job pretty straightforward.

You should glance through the website pages, and you can discover each bit of information in a few clicks. Specialists say that mainly there are five steps to commence a pharmaceutical marketing company.

1. Get the company being registered
2. Hold access to a Drug License Number
3. Get GST registration done
4. Have a trademark being registered
5. Obtain FSSAI registration

Out of the above steps, the foremost three are binding to start off.

1. Register Under Company Act

It is very essential to register your company as per the standards, rules and guidelines. Wholesale drug license number is necessary. You require looking for 3^rd party manufacturers if any.

It is superior to seek a consultant as an alternative to reinventing the wheel. A trained consultant has thorough experience in the slot. Hence, it can assist well.

2. Have a Drug License Number

To obtain the absolute details about the progression you need to have a drug license number. You should get together with the local drug inspector as well as the drug selling authority. Get absolute details from the authorities and carry on further.

There are a number of fundamental guidelines like one of the partners need to be a registered pharmacist or a qualified person with a registration underneath local authorities.

If no one amongst the partners is qualified, then they need to appoint a registered pharmacist, and he has to be sanctioned to handle the things. You need to submit documents like affidavits, utility bills, premises blueprint as well as ownership or rent agreement with a partnership deed. It is just a suggestive list, not comprehensive.

3. Obtain the GST Number

It is vital to have the GST number within 3 months if the turnover is further than 2.5 Million. The turnover is not the only factor though.

These are the steps to launch a pharmaceutical marketing company in India.

Also Read: How to Start a Pharmaceutical Distribution Company?

If you want to set up pharma business in any part of the India, just give us a call, and we will explain all the details regarding our pharma franchise in India. To know more about our PCD pharma franchise companies, you can call us at 9462823655. You can also write down to us at admin@rxhealthcare.co.in.

The post How to Start Pharmaceutical Marketing Company in India? appeared first on MediZeal Pharma.