Advantages of PCD Pharma Franchise on Monopoly Basis

 

H & Care Incorp is one of the top 10 PCD Pharma Companies in India. With an ISO 9001:2015 certification and WHO and GMP certifications, H & Care Incorp is a leader as a franchise provider in the PCD pharmaceutical industry in India. Our product line offers a commendable selection of pharma products. These include antibiotics, muscle relaxants, cough syrups, anti-cold, gastro, antimalarial, antifungal, nutraceuticals, cardio-diabetic, psychiatric, infusions, ointments, eye drops, nasal drops, dental care, Ayurveda range, and many other products. Every product comes in a package that, ideally, is aesthetically pleasing and appealing, prevents product deterioration, supports patient compliance and aids in medicine administration. We have more than enough of each product in our inventory management system to satisfy customers at reasonable prices during the medical inflation phase. We are proud to commit to fair and honest dealings and have a vast network that includes more than 900 PCD pharmaceutical distributors throughout India.

H & Care Incorp is a reliable and successful Best Pharma Franchise Company In India that has been in the industry for 14 years. We provide our partners with the benefit of a product monopoly as well as promotional support. We have highly qualified team members, and our development is backed by state-of-the-art manufacturing capabilities and highly effective marketing teams. 

With our commitment to delivering quality products and services, H & Care Incorp is one of the Top PCD Pharma Franchise Company.We are also engaged in marketing of our products to cover possible horizons. With the view to spread our presence across India, we provide you with a Monopoly distribution rights. Anyone who would like to apply for Monopoly distribution can visit our website and fill in a simple form. We are pleased to welcome new PCD Pharma Franchise distributors/partners having a growth-oriented strategy.

How to Choose the Right Types of Pharma Franchises?

The first thing you should do while selecting a franchise is to figure out what type of pharma franchise is best for you. There are many different types of pharma franchises, each with their own pros and cons. Once you’ve chosen a type of franchise, you can start looking for what ones are available in your area. Keep in mind that you can choose to open your own as it is a more profitable option if you have a distinct brand and product in mind.

Types of Pharma Franchises

Besides the basic differences in the types of drugs that are involved, there are also some key differences between the types of pharma franchises in the pharma industry. Almost every pharma franchise will involve some level of marketing and advertising, but the level of branding and advertising that goes into your business will differ depending on the type of franchise you take on.

Exclusive Brands

Exclusive brands are brands that are specific to one owner and no one else. Because there is one owner who controls the brand, you will be solely responsible for any marketing, branding and advertising that comes with it. In exchange, you will get a higher cut of the profits and a higher price for your products for as long as you own the franchise. These types of franchises have a higher barrier to entry because you have to come up with a unique brand that is not shared with another pharmacy.

Generic Drugs

When you are dealing with generic drugs, you are dealing with a product that is already on the market and has been proven effective. Because you will be selling an established product which has proven to work. Your job is to market and sell that product as effectively as possible. While you will have to spend time and money on branding and advertising, you probably won’t need to do as much research and development that comes with a completely new and exclusive product.

Over-the-Counter (OTC) Drugs

The advantage to selling over-the-counter drugs is that there are sometimes fewer regulations, such as those that govern prescription drugs. Because there are fewer regulations, you can often open your store and start selling the drugs sooner than if you were dealing with prescription drugs. This type of franchising often involves stocking, storing and selling items like headache and cough medicine, allergy medicine and antacids, among other things.

Exclusive Brands

The advantage of owning an exclusive brand is that you will be the only person who sells that brand. This can be great, but it also means that you have to buy enough products to meet the demand of your customers. You will also have to do the majority of the marketing and branding of your products because the franchisor won’t be able to help you with that. This can be a good thing, but it can also be a lot of work and a gamble if you don’t know what you’re doing. There are several advantages to owning an exclusive brand. You get to control the price, the marketing and the branding of your products, which means that you can really tailor them to your customers and the local market. This means that you will make more money in the long run because you can charge for your products.

Generic Drugs

The advantage to generic drugs is that you don’t have to do as much research and development in terms of coming up with a new product. You can also start selling your products as soon as you’re open because you don’t have to get approval from a governing body before selling them. However, you will make less money with generic drugs because you are selling a product that is already established and proven to be effective. You also have to follow the marketing and branding of the original product, which means that you don’t have as much control over your marketing and branding. The biggest advantage of selling generic drugs is that they are cheaper to produce and buy than exclusive drugs, which means that you can generally make more profits from the same number of sales.

In many cases, you can also sell them for less than the original product, which means that you can really tailor your marketing to people who can’t afford expensive prescriptions.

Pharma Franchise for Over-the-Counter Drugs

The advantage of over-the-counter drugs is that you don’t have to have as many regulations or approval from governing bodies to sell them. You can also start selling them sooner and make enough money to sustain yourself while you wait for prescriptions to become profitable. You also have more control over your marketing and branding, which means that you can tailor your products to the needs and wants of your customers. The biggest advantage of selling over-the-counter drugs is that they are generally cheaper than both exclusive and generic drugs, which means that you can make more money with less sales. You also don’t have to do much research and development for your products which can save you money and time.

Conclusion

In the end, every types of PCD Pharma Franchise Company in India is different and comes with its own set of advantages and disadvantages. While there are many different types of franchises available, there is also the option to open your own business and come up with your own brand and product. Whichever route you decide to go down, be sure to do your research. Carefully pick a franchising opportunity which is good for you and your circumstances.