The Difference Between Pharma Franchise And PCD Franchise
Terminologies terrify, isn’t it? Yes, when you hear terms about Pharma Franchise, PCD Franchise and so on, it becomes quite confusing.
Especially when you are a budding entrepreneur, who wants to make a presence in the promising pharma industry.
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You get confused about what independent business venture will be suitable? Before you get into the process of research, understand the meaning of it.
Both franchise agreements are popular nowadays, and both have the potential to progress. It becomes on your wish what you pick?
Here is a brief introduction of both.
Pharma Franchise
When you get authority or permission from a pharmaceutical company to carry out commercial activities of specific nature, it is called Third Party Pharma Manufacturing.
Remember, the permission can be given to an individual, a company or a group. Qualifying the criteria mentioned by the pharma company is mandatory.
You become the agent of the company, and you are authorized for selling, promoting or marketing the products.
Since the pharma companies have a wide spectrum of products, and new products added continuously to the fleet; they are always searching for pharma franchise partners.
Thus, it is a lucrative business. It is a win-win situation for both.
You get a chance to associate with a well-known pharma brand. The pharma company gets a chance to add to the income other than regular income.
PCD Franchise
PCD Franchise is the abbreviation of Propaganda Cum Distribution Franchise model. It is a relatively new concept.
Here, the pharmaceutical company authorizes the pharma company to carry out the proprietary knowledge, patents and trademarks, and products. It is given as monopoly rights or other mutually agreed terms and conditions between the parties.
The difference
What is the difference between these two concepts? People make a mistake of interchanging the terms.
- PCD pharma franchise works at small scales. You need a small unit that requires less investment. The targets are not specific.
- Pharma franchise is a large-sized business. You need big money to establish a big unit. The area of operation is also widespread, and the targets are specific and pressing.
It is quite clearthat to establish a pharma franchise one needs to do a thorough preparation.
You should have a high risk-taking ability, and deep pockets. The returns are also in the same proportion.
For small entrepreneurs, PCD is an ideal option. The requirements are less, the risk is less, and the output is also less.
If you are looking for Pharma Franchise Compnay in India then Ambit Bio Medix is is a leading and one of the best PCD Pharma Franchise Company in India offers pharma franchise at best price with outstanding marketing support.
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