Are you planning to start your own Diabetic PCD Franchise Company?

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Key Points to Remember Before Initiating a
Diabetic PCD Franchise
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• Pharma Franchise is an authorization or right
  given by a Pharma company to an individual or a
  group eligible to carry out all the commercial
  activities related to their products in the
  market by allowing them to carry out the
  company's knowledge products, trademarks, brands
  on a monopoly basis for a specific area of their
  choice with some agreed terms and conditions.

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Who Can Start a Diabetic PCD Franchise Business,
And What Is The Maximum Investment Required?

• This business provides high profit and growth
  opportunities with minimum investment. You can
  start a business by placing small orders of
  Rupees ten to fifteen thousand also. Still, you
  have to keep the reserve money rupees to approx
  with you for the smooth functioning of your
  business at the initial stages for investing in
  doctors, products, market, and branding or
  promotions. 
• Experts suggest that you start a diabetic PCD
  franchise company by taking full monopoly rights
  in your area to avoid any disputes in the future.
  By this, you can completely concentrate on your
  sales.

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Which Products Should You Buy Initially?

• You must do Market Research first in your area
  and try to find out what your doctors are looking
  for and start your business by taking care of
  those products only. Never start with one or two
  products as it will be difficult for you to
  generate good sales and earn profit margins. To
  generate maximum sales, you have to keep all the
  product range. 
• What are the documents required to start the
  process?
• Not Much Documentation is required. You have to
  provide a GST Number and your retail or wholesale
  Drug License number. 
• What profit margin would you get out of this
  Pharma Business?
• Your profits and your margins all depend on the
  product to product. Some products will give you a
  high margin, and some will give you less margin.
  To get maximum profit, you have to keep a wide
  range of products with you. Once you start this
  business, you will get new contacts plus good
  business relations with your doctors and an
  established market of your products.

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Are You Planning To Start Your Own Diabetic PCD
Franchise Company?

• But confused about getting your products
  manufactured or taking the products on a
  franchise or PCD basis, this article is for you!
• If you are starting fresh, initially take the
  products on a franchise basis from a company with
  their manufacturing unit. So, the advantage would
  be that you are not bound with the investment.
  You can take any of the products from a basket
  depending on the requirements of your doctor. As
  soon as the sales start increasing, you can get
  the particular brand manufactured in your brand
  name from the same manufacturer. 
• The size, shape, color, quality, and other
  product parameters would be the same, and it
  would not be a problem for any of your doctors.
  So switch over from that brand to your brand.

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• 1. The first difference is the ownership of the
  brands.
• The first and foremost difference between the two
  systems is the ownership of the brands. If you
  get your brands manufactured, the ownership is
  with you, and you can market it anywhere in the
  country, and you can export it. 
•  
• On the contrary, if you get the products on a
  Franchise basis, then the brand name doesn't
  belong to you, and you can market it only in a
  limited committed area.
• 2. The second difference is that you have your
  own choice.
• The next difference is that if you take the
  products on a franchise or PCD basis, you have
  the entire product basket to choose from, which
  means you can have different doctors prescribing
  your product or different doctors ready to
  prescribe your product. Still, a doctor might
  have their requirements for different medicines,
  which is impossible for a starting company to get
  all the medicines manufactured. 
• So in the franchise portfolio, there is a large
  basket where you choose your product depending on
  your requirements. But if you get your products
  manufactured initially, it is not convenient or
  feasible to get all the 200 and 300 products
  manufactured unless you have a huge budget.

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• 3. The investment in the designing and packing
  cost of the product.
• The third difference is the investment in the
  designing and packing cost of the product. If you
  plan to get your products manufactured, you have
  to invest in the products' entire packing and
  development cost because the brand belongs to
  you. Still, if you are taking a product on a
  franchise basis, you don't have to invest in all
  these things. 
• 4. The fourth difference is the price of the
  product.
• Another significant difference is the cost of the
  product. The cost of the product on franchise
  business is higher than the cost of the product
  when you manufacture it in your brand name. On
  franchise, there is no quantity boundation you
  can take products according to your needs. 
• But if you go manufacturing your product, there
  is a minimum order quantity. So, the price of
  manufacturing products in huge quantities is
  lower than the price of franchise products. 
• 5. The fifth difference is the total investment
  in the business.
• Another significant difference is the total
  investment in the business. If you bring your
  products, you have to spend a lot of money on the
  products depending on how many products you want
  to get manufactured. But in a franchise system,
  you can provide the medicines in very, very low
  quantities depending on your exact requirements
  without having to block your lot of capital.
• So if you are planning to initiate your
  own diabetic PCD franchise company, you have to
  consider all these factors before deciding
  whether you need to get your products
  manufactured or take them on a franchise
  business.

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Conclusion

• The career of 'Business for all Medical Sales
  Representatives' like people in India is that
  people should get tremendous career growth
  and diabetic PCD franchise offers enormous
  profit.

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