What is the Scope of Pharma Franchise Business? - Fossil Remedies

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Scope of PCD Pharma Franchise Business in India
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Excited about doing something different after
completing your Pharma degree? Well, there are
many choices other than seeking a career in a
pharma company. The scenario in India is
changing rapidly and thanks to the encouragement
and facilitation by the Government of India,
youth have several choices for shaping their
careers. Starting a pharma franchise business is
an excellent idea. The pharmaceutical industry
has performed tremendously in the past few years,
and the upward rally seems to continue
further. Eyeing to the 55Million USD mark by
2020, the industry opens unlimited growth
opportunities for those who are ready to take a
calculated risk.
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WHY IS PHARMA FRANCHISE THE IDEAL BUSINESS MODEL
IN INDIA? Once you decide about entering the
pharma business, the biggest question is how to
proceed further? Other than that, you have
several other questions also. What should be the
business model? What works well in the niche? Is
it very costly affair? Where to get knowledge
from? Due to its easiness, practicality, and
adaptability, pharma franchise is the ideal way
for novice entrepreneurs. It has been doing well
for quite some time and generating bright
opportunities for people. The article tries to
explain the most effective business model,
i.e. Pharma Franchise and its scope.
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• THE FRANCHISE MODEL
• If we look at the top of the pharma franchise
  business pyramid, then the distributors and
  wholesalers are at the top. They buy the products
  in bulk directly from the manufacturers.
• They distribute the products further to several
  channels. Since they have credential powers, they
  are favored by the pharma companies.
• Two types of distribution and wholesaling models
  are there
• Single party pharma franchise distributor and
  wholesaler
• Multiple party pharma franchise distributor and
  wholesaler
• To start with single party franchise is a good
  move. You need relatively less investment. Once
  you get sufficient experience, you can put more
  money and start multiple party distributions.

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• Several types of wholesalers and distributors are
  there
• Chain pharmacy
• Carry and Forwarding agent
• Health supplement distributors
• OTC medicines distributors
• Stockists

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• PHARMA FRANCHISE AS RETAILER
• Do you have limited money for starting a
  business? Also, you dont have prior experience.
  In this case, you can choose the option of
  starting PCD pharma franchise.
• It is similar to pharma franchise but needs less
  investment. You need less investment to start PCD
  franchise. The scope of pharma franchise as the
  retailer is
• Standalone pharmacy
• Hospital pharmacy
• Clinical pharmacy
• Internet pharmacy
• Specialist pharmacy
• Animal pharmacy

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It depends on your choice which model do you
choose. Once you get settled in the business, you
can choose from specialized branches. You need to
have relevant experience and expertise. Sometimes
, companies need specific qualifications to
assign the franchise business. Company policies
may differ. Hence,   you need to talk to the
pharma company to decide whether you are eligible
or not. Pharma franchise business has a
tremendous future. Those who want to launch new
business should explore it. Also You can Contact
Us for Start Pharma Franchise Business in
India Read More Articles How PCD Pharma
Franchises are Changing the Indian Pharmaceutical
Industry? What is the Difference between PCD Work
and Prescription Work?
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