There are a lot pharmaceutical company which are offering pcd franchise business opportunities. Before select pcd pharma franchise company, you should think twice because future of your business depends on the right selection among hundreds of pharma company.
Few tips to select the best pcd pharma franchise company.
- Search About Company History: First of all you need to collect all information about company, take reviews who have worked earlier with them or persons who know have knowledge about the company. You should also notice behaviour of company, expected ROI, profit margin etc. It is most important to know that company is not involve in any kind of illegal act.
- Check The Certification & Approvals: The good pharmaceutical company is generally certified and approved by high organization and associations. Below are primary certification and approvals:
- Drug License No. (D.L.) Number and Tax Identification Number (TIN) licensing
- It should be ISO 9001:2008 certified.
- It must be World Health Organization (WHO).
- Good Manufacturing Products (GMP) certification for the manufacturing units and plants.
- Product list should be approved by Drug Controller General of India (DCGI).
- Food Safety & Standard Authority of India (FSSAI) licensing.
- Check Quality of Products: You should never compromise with quality of products. You should ask for sample of products and check the quality with medical experts and laboratory for any doubt.
- Products Availability: Most of the time pharmaceutical companies show you various lists of products but actually they have not manufacturer or supply. So be careful and clearly ask about unavailability of pharma products. So need to insure about chain and supply management.
- Timely Delivery: This is most important factor for your business growth otherwise you have to pay this cost with loss. So always insure about transportation and work force of concern company.
- Profitable Business: If profits that you expected not meet then investment is just a waste of money. So before you select pharma company, you have to calculate expected profit in pcd franchise business. You should advise with pharmaceutical consultants if you have any doubt or uncertainty or dilemma.
- Promotional Materials: Every pharmaceutical company provide promotional and gift materials to franchise partners such as Visual Aid, bags, cards, Diaries,Writing Pads,Brochures, product cards.
- Training Programmes & Updates: You should ask about training programme for promoting business, marketing services and regular update about pharmaceutical products. Good pharmaceutical company engage with franchise partners and ready to help at any stage.