Why Pharma Franchise is a better option than Finding Market Jobs?

The pharma industry has flourished rapidly in recent years. It has created many job opportunities for the qualified individuals and marketing professionals like medical representatives. The industry also offers a great opportunity to own a pharma franchise which can be considered to be a better alternative than striving to find a job.

Some valid reasons to prove why owning a franchise from one of the top pharma franchise companies in India is better than finding market jobs:

·         In franchising, you will get what you want. A higher sale means higher revenue to your business. You will surely get a good return to all the efforts you put in. More work means a higher income in PCD pharma companies. But this is not the case with a marketing job in pharma industry. Though your sales rate may increase yet your income may not increase in the same ratio.

·         You control your business completely. You have the flexibility to select the pharma company you want to franchise with and buy the medicines for promoting in your area.

·         You are absolutely free to decide the number of hours you want to work in a day.

·         You don’t have to be worried about any monthly set targets. As a marketing representative, you need to meet the set targets whereas by owning a franchise of one of the top pharmafranchise companies in India, you don’t have any such target issues and rather your main goal is to increase the sales and revenues.

·         PCD pharma companies’ franchisees can set their office anywhere. It is a completely flexible option. You can set your office near your home or to a location where you can easily find health care centres and clinics.

·         You are free to expand your PCD Pharma business and use your creative ideas to grow your business.

Besides knowing all these benefits of owing a pharma franchise business in comparison to marketing job, you should also know the eligibility requirements of a pharma franchise company. You must acquire wholesale drug license and GST registration copy when you run this business. You must be knowledgeable about the best methods to promote these medicines to the medical practitioners of your area and to supply medicines to the retailers. Gaining a good experience in the industry will indeed help you become successful in your pharma franchise business.  

Digital Revolution in Pharma Industry

Pharmaceutical industry is keeping pace with the drastic changes brought about by digital technology. Advanced analytics, mobile communication, the cloud and the internet of things are some of the great innovations which have started transforming the healthcare industry in the way it has already transformed other industries. Most of the pharma companies in Chandigarh are well aware of this potential and have started experimenting with many digital initiatives.

Some trends that are reshaping pharma industry are as follows:

• Government has a sharp focus on the cost management while giving improved patient outcomes for which the pharma companies need to demonstrate the value of their drugs in real world. There are digitally enabled solutions which include not just drugs but sensors to collect and analyse the data to monitor the condition of patients between visits to the healthcare providers.

• In this digital age, most of the patients are less dependent on their doctors and willing to take greater control of their own health. There is vast amount of health information available online and by the health and fitness wearable that makes them feel empowered. The ability of the pharma companies or PCD pharma distributers to engage with patients could be the key to success of their commercial model.

• There are online communities to discuss patient’s experiences, various apps and sensors to track the impact of therapy and generate new insights in to drug safety as well as efficacy. In response to this, the pharma companies in Chandigarh must build their capabilities to anticipate rapidly to any new sources of evidence, and also be the main source of authority on the performance of their medicines.

• Advanced analytics and the automation of complex decisions are increasing the efficiency, quality, speed and responsiveness of the business procedures in all industries. To thrive in this digital world, the pharma companies will also need to deploy the next generation technologies to streamline their processes.

• Digital engagement technologies have opened up a whole new world for marketing. PCD pharma distributers can now inform and influence the patients, doctors and caregivers via mobile phones, internet, apps or social media.

To get the benefits of digital technology, the pharma companies will need to consider how their businesses are affected by the digital changes under way and then plan their own course accordingly.