Many of you might be confused between these two terms, and some of you might have even used these terms interchangeably. But is it right to do it? No, although the difference between these terms is not a huge difference, you should still be aware of the points that differentiate PCD Pharma and franchise pharma.
The major difference between these two terms is the size of the business and qualification. Do you want to know more about it? If yes, then scroll your screen a bit, and you will be able to get the answers which you are searching for.
But before moving on to the differences, let's have a look at the definition of these two terms.
PCD – Propaganda cum Distribution is the full form of PCD. PCD is used in the pharmaceutical industry for branding and distribution rights. PCD is an approved grant by the pharmaceutical industry to carry out the company's know-how, knowledge, services, items, patents, and trademarks with monopoly rights as agreed upon by both parties in order to reach out to new markets, targeted regions and audiences.
You can find the best pharma companies by simply searching for 'top 10 PCD pharma company in Gujrat'.
A Pharma Franchise is an authorization or permission granted by the government. Pharma Franchise allows groups or individuals to carry out specified commercial activities as agents to market, sell, or promote that company's products.
The qualified groups or individuals carry out specific commercial activities as agents in various markets in order to increase sales and promote the company's healthcare products. The process of finding a pharma franchise is the same.
The key to success is experience, and the right knowledge and relationships will help you get there! Always keep in mind that if you want to succeed in your newly opened business, money won't make much of a difference. Pharmaceutical companies sell branded versions of their products. They are also sold in bulk through PCD and Pharma Franchise business opportunities that are available nationwide or in a specific area of monopoly rights.
So, now is the time to discuss the key differences between these two terms.
Investment
If you don't have a huge investment, then the right option for you is to go with pcd pharma as it doesn't need a great budget to start your business. But if the benefit that you can avail with pharma franchise is, people who go with the franchise can enjoy the loans and credits facilities. Such credit facilities are not available in pcd pharma.
Experience counts
In every business and services, experience always counts. The minimum qualification requirement for a Pharma Franchise is an SSC or secondary higher education diploma from a reputable board. Experience is the most important factor. A person is eligible for a pharma franchise if he has at least 2 to 4 years of experience in a good managerial position. PCD business, on the other hand, can be used by anyone, even those with no prior experience.
So, in short, if you are a newbie, then the most suitable option is to go with PCD pharma.
Sales Target
PCD pharma business has no set sales target because you are the boss, but on the other hand, the pharma franchise doesn't have this advantage. In the pharma franchise, you have to complete a fixed sales target.
Area Allotment
In both cases, the enjoyable factor has been Monopoly. Pharma franchise members are given a large area to control, taking into account the sizes of their businesses. A pharmaceutical franchise can gain control of a large number of PCD businesses. PCD businesses, on the other hand, are restricted to a small operating area.
Promotion benefits
Pharma franchise members enjoy the benefits of getting promotions and other perks, but PCD pharma members can't enjoy such benefits. If you are looking forward to getting promotions, then the pharma franchise is the best option for you.
Requirements
On the other hand, Pharma franchises necessitate a large plot of land because they must establish an entire manufacturing unit, an infrastructure facility, and warehousing, among other things. PCD Pharma, on the other hand, does not.
If you don't want to get trapped in such things, then you can go with PCD pharma.
Work Load
A pharma franchise is a large-scale operation. It entails a significant amount of responsibility to promote a company's products and services. As a result, work pressure in Pharma Franchise is higher than in PCD Pharma. Because their expertise area is limited, PCDs are not under as much pressure or have as many sales targets.
Marketing support
The company provides excellent marketing and promotional support for the Pharma Franchise business. As it operates on a larger scale, pharma franchisees benefit from good marketing strategies and monthly promotional schemes. When it comes to marketing, promotions, and sales, the company provides direct assistance.
In the case of the PCD Franchise, the company provides promotional support in the form of visiting cards, catch covers, visual aids, and other small promotional tools.
Conclusion
In short, PCD operates in smaller units with a smaller operational area, lower budget, and no clearly defined goals. In contrast, Pharma Franchise operates in larger units with a higher budget, larger operational areas, and clearly defined goals.
These are some of the major differences you should be aware of before investing your hard-earned money. Always take a decision only after analysing all the aspects. If you have the required education and huge investment, you can go with a pharma franchise and if you are completely new in this business, then choosing the PCD pharma company in Maharashtra is the most suitable option.
Take the decision wisely as your success depends on it. It is time to be successful with the most amazing and ever-growing field in the medical industry. Start your search right away! Please don't forget to analyse the above-mentioned points before choosing the right option.