How to Fnd Pharma Franchise Distributors?

PCD pharmadistributors are a significant aspect of marketing and sales.  Pharmaceutical companies appoint pharma distributaries like single party distributors and multiple party distributors for selling the drugs in bulk. Are you new to the pharma franchise world? Here, in this article, we are highlighting some of the effective methods of finding pharma franchise distributors:

·         Appoint Medical Representatives

A medical representative (MR) is a sales and marketing person for your company. MR is in direct contact with the pharma distributors and other medical professionals. However, the main power lies with you and you may increase the net rates according to your choice.

Advantages of appointing Medical Representatives

Ø  They help in boosting sales by creating a good brand image of the company.

Ø  With their good salesmanship and marketing techniques, they help in attracting more customers.

Ø  Whether you are paying them or not, you have control over the medical representatives. You can pressurize both the MR and the distributors for sales and targets.

Ø  Unlike simple franchise market, you will have control over the deals and sales target. You won’t be dependent on a single distributor; you can change your distributors as the MR is in your control.

Ø   Many distributors also invest in MRs for demand creation so this may lighten the burden on your company.

·         Digital Marketing

With advancements in technology, the world is in your hand now. For all types of solutions, most of the people turn to the internet. Likewise, many franchise distributors also come on the net for better opportunities. Internet gives you endless options where you can offer your franchise deals. In this way, you can easily attract franchise distributors from all over India or any specific location.

Pharma companies in Chandigarh may appoint a digital team of experts or hire the services of a digital company to promote their brand. There are various tools and techniques that can be used including PPC, SEO, Google Adwords, email marketing, etc. Blogging and Social media are the most powerful tools for branding.

Ø  Blogging technique: Blogging is a part of content marketing. The quality contents that you write are more likely to be observed by your customers. It builds trust as well as brand image of your company, allowing you to reach more people.

Ø  Social Media: Social networking sites like Facebook, Twitter, LinkedIn, Instagram, pinterest, etc. are an effective way of attracting customers. You can share your insights by posting links on these sites or run your ads for particular audience.

What are the Requirements of PCD Pharma Franchise Company in India?

All professionals admire growth in their respective sector. For example, if you are a medical representative in a pharma company, you will definitely dream of having your own pharma business someday. It is not very easy but it is not difficult either. There are some important requirements for Pharma Franchise Business which are discussed as below:

• Experience in Pharma Field

In the PCD pharma business, you alone are responsible for a number of activities such as:

 Survey for the demand of various pharma products.

 Procurement of goods from the pharma company.

 Brand promotion in your area.

 Consultations with the medical practitioners and chemists.

 Appointing stockists/ sub-stockists for the distribution of goods.

 Collection of payments.

 Distribution of compliments to the medical practitioners.

In order to perform all these activities efficiently and make your business successful, you must choose the best PCD franchise company in India as your Principal & you must have some kind of experience working for some pharma company in the past.

• Good Workplace

Creating a good work place is essential for the efficiency of the franchise business.

• Drug License number

It is one of the most vital needs for pharma franchise. Since you cannot purchase goods from any pharma company without drug license as per rules, it forms an integral need of starting franchise business. In order to get drug license number, you can consult the drug inspector of your area.

• GST Number

You need GST Number to make the purchase and sale of pharma products. This requirement is exempted up to a turnover of 20 lakh/ month as govt regulations, but your Principal Company may still make it a mandatory condition. 

• Stockist

To distribute the goods, you need to appoint a stockist in your area. The stockist can relieve you from the responsibility of distribution of goods to the chemists and collect payments from them, which will otherwise be very tiresome and big responsibility for you.

• Your Connections play a Key Role

If you want to own a very successful business (as a partner of the best PCD franchise company in India) then you must have good connections with the doctors, hospitals and nearby retailers. 

Besides all, the tough competition existing in the pharma industry will further make your franchise business challenging which must be firmly tackled to sustain in the business.

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.

Picking Up Best Skin Specialist Doctors In Bangalore

There are many skin problems such as skin acne, Dark Circles, Wrinkles, Pigment etc., due to which many people consult dermatologists. These dermatologists concentrate on different elements of skin illness and disorders. There are various skin specialist doctors in Bangalore, that make faker promises with the client, thus, it is essential to find the reliable and trusted dermatologists having years of knowledge in this domain. The first thing, you should do before making any decision regarding skin specialist doctors is to make sure the dermatologists you are consulting having proper and complete knowledge in this profession. Check if the dermatologists have more than 4years of experience. Apart from this make sure they have cleared the examinations of the Indian Board of Dermatology as well as are as a result certified by the board. Don’t hesitate to ask them if where they have undergone their exercise and also for how long. So, if possible ask regarding the credentials of your skin specialist doctors.

Expert dermatologists have knowledge in various fields such as Microbiology, Pathology, Biochemistry, Physiology, Physics and Endocrinology due to which they know their job in this field as skin problems are associated with internal conditions. You may contact, Skin And Hair Clinic, the best Skin Care Clinics in Bangalore, having a team of experienced and professional dermatologists. Apart from skin problems like acne, Wrinkles, Pigment etc., dermatologists can also help in treating various problems such as Rosacea, Psoriasis, Skin Cancer, Acne, Nail infections and hair loss.

To find a good skin specialist, it is necessary to find the best skin care doctors in Bangalore, who can understand and treat your skin problem. In this regard, you can talk your friends if they have seen a dermatologist in the past. Gather as much as information you can gather about the dermatologists and the type of treatment, they offer. This treatment includes:

•Skin examination through X-ray and ultraviolet therapy
•External, injected and internal medications as recommended by the doctor
•Laser and light therapies by professional physicians

Stress is one of the major cause of acne and pimples as it affects the whole body including nails, skins and hair. You should be aware that emotions have adverse effect on whole body and skin, thus it is necessary to handle them very carefully as it really matters.

Stress And Skin: The Interrelation

When the person is in stress, his body, happens to break out more, which makes harder for the skin problems to heal. Due to this reason, body begins to produce cortisol and other hormones, which sends an undesired signal to your sebaceous glands to produce more oil. As you all know, oily skin is more prone to acne and other skin- related problems.
skin and hair clinic, located at Bangalore, Karnataka, India, is counted as one of the top-notch skin care clinics in Bangalore, having a team of most experienced and professional doctors and physicians. Services offered by the clinic are rapid acne clearance, lip lightening, fair skin laser,laser hair reduction, laser hair reduction, full body photo therapy, Vitiligo Treatment etc. All these services are offered at best fees.

Some Important Tips to Choose Products for your PCD Pharma Company

For most of the new PCD pharma companies, investment is a big issue in the pharma franchise market. You can easily start your own PCD pharma company with few items. You do not need to run with enormous item list. Pharma product determination is an imperative prospect while starting a new pharma company.

Nobody else than you know better which item is best for you. Here are some tips that might be useful for you to choose the right products:

• Statistical Survey

Market research can be a great source of knowledge to find out the appropriate products. You can contact your known merchants, specialists and scientists who can give you an idea which could be the best choice. You should gather complete information and study which one is better for you. With the help of proper market research, you will get a good idea of the pharma products which are available and their prices as well.

• Search as of now selling items

 You should figure out few names of the medicines which are already there in the market. In case, you are also selling that medicine already then ensure that you have thorough knowledge about your competitor PCD pharma companies. Sometimes the doctors only prescribe the big names from pharma industry. In such situation, it may be difficult for you to push the product in the pharma market.

• Check your Financial Plan

You must have a rough idea about the amount of money you can invest. This will aid you in deciding the rest of the steps of entering in to this pharma franchise business. If your budget is not high then it would be better to opt for low cost products. Even in this segment, you can find some very effective medicines.

• Check your History

If you already have some connections in the market due to a good reputation of your pharma franchise company then you can use them to promote some kind of products which you had been selling before. This will be a good idea and will help you save a lot of time.

• Advertise Trend

Most of the ventures keep running by market slant. New and most recent products usually catch showcase effectively in contrast with the old products.

All these points can help you in choosing the right products for your pharma franchise company. Having a little patience and a thorough research will surely prove beneficial for your business.

What is the Effect of GST on Pharma Industry?

GST (Goods and Services Tax) has rolled out last month and is making waves in the Indian industry. It is an advancement of multi-level taxation system which is providing additional benefits to PCD pharma companies as compared to other industries. This indirect tax system takes account of the consumption done through sale, production and consumption of goods and services at national level which mainly involves industries, companies and services sectors. The idea behind it is to abolish the tax levied of state as well as central government. It involves three components of GST: 

• State GST

• Central GST

• Integrated GST

There is elimination and combination of thirteen indirect taxes including:

1. Value Added Tax (VAT)

2. Service Tax

3. Purchase Tax

4. Tax applicable on lotteries

5. Octroi Duty

6. Food tax

7. Luxury tax

8. Commercial tax

9. Entertainment tax

10. Central Sales tax

11. Entry tax

12. Central Excise Duty

13. Advertisement tax

Positive Impact of GST on PCD Pharma Companies

The costing and taxation system has become simple which has created a common market for everyone with equal opportunities. Due to discontinuation of Central Sales tax and Interstate transactions between two dealers, the traditional cost and distribution model has been replaced by supply chain efficiencies.

• The life-saving important drugs and injections fall under the slab of 5%.

• Pharma manufacturing generic/ dietary supplement companies/ branded formulations will see profits due to reduced taxation and low manufacturing cost.

• The maximum GST on bulk drugs is 18% and around 5% & 12% at maximum.

• The best PCD franchise company in India will find the freedom to discover strategic supply chain as well as distribution channels.

• Another benefit is the reduction in the overall cost of technology. Previously, the technical machinery which was imported in the country by pharma companies was very costly and the duty which was levied was not allowed as a tax credit. However, with GST, the duty charged on the import of such equipment would be allowed as a credit.

Negative Impacts of GST

• Many Ayurvedic products are in the slab of 12% to 28% as they are falling in the cosmetic range.

• The indirect tax paid by pharma companies is increased by 60% (ignoring the tax credit), which will lead to higher working capital needs.

• The MRPs of many essential drugs will increase by 4%.

•  Other pharma products and medical technology products are ranged between 5% to 12% with a total tax of 11.5% to 18%.

In short term, GST is a pain initially due to its implementation but will eventually become neutral. But in a long term, it will play a positive role for the best PCD franchise company in India.