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Steps involved in starting Pharmaceutical Marketing Company

If we talk about steps for starting pharma marketing company so,  Step 1. You need to take experience in pharmaceutical industry that how you can sell your pharmaceutical products. Step 2. You need to choose your company name. Step 3. After that select your products, choose brand names for your products  Step 4. You can also go for trademark registration if you want to.  Step 5: After finishing these works you can go for company registration if you want to.other wise you can work as a firm  Step 6. Apply for licenses - wholesale drug license,  GST number.  Step7. If you also have food products then you can take fssai registration or license.  Step 8. Next step is to find out a good manufacturer who will manufacture your products. Step 9. Next steps is to get manufactured your products from that manufacturer.  Step 10. Receiving of products. After receiving products, you can selling and marketing of your products.  So, like that you can start your pharma marketing company step by step.

What is difference between Pharma Franchise and Pharma Distribution?

In One line we can differentiate Pharma Franchise and Pharma Distribution - A pharma distributor only redistributes products of a pharma company in an allocated area to retailers, Nursing homes, hospitals, Pharmacies whereas a Franchise apart from redistribution also promotes ethically or otherwise the said products to the medical fraternity for prescriptions or OTC promotion.

Check out article link to know more about How to contact with the medicine company for franchises? here

In detail Pharma Distribution and Pharma Franchise Difference:

In pharmaceutical distribution, Pharma company appoints own medical representatives and sell products through own sales team. Pharma company bill to distributor at price to stockist rate and pharmaceutical distributor has a particular margin like 8%, 10%, 12% etc, and distribute products to pharmaceutical retailers (pharmacies and chemists) by receiving orders from pharma company’s sales team. Pharmaceutical distributor must have wholesale drug license.

In pharma distribution, pharma company don't provide any exclusive rights and monopoly rights. Company assign a particular area to distribute products. Some time distributor from other area can supply material in their areas.

In Pharma Franchise, Pharma company don't provide medical representatives or sales team. Pharma Franchise distributor either appoint its own sales team or do marketing by own. Pharma company provides products at net rates, not price to stockist. Pharma Franchisee has to market and promote product and get order from market.

Net rate is the rate which is provided by pharma company without adding any promotional and sales expenses i.e. manufacturing cost plus profit margin. Difference between net rates and price to stockist is the margin which is got by pharma franchise distributor from which he/she will manage marketing expenses, sales team expenses and salary, own profit etc.

Pharma Franchise doesn’t always need to be a wholesale drug license. They can appoint a distributor having wholesale drug license and start working as pharma franchise.

In Pharma Franchise, Company provides monopoly and exclusive rights so no other distributor can supply product in their area as its franchise hard work that are generating sale in that territory.

Other than differences, pharmaceutical distribution and pharma franchise has certain things in common like both are related to distribution of drugs. In pharma distribution, only supply of medicines and collection of payments is most important work whereas in pharma franchise, marketing and promotion of products is most important work along with supply of medicines and payment collection.

Hope above information is helpful to you...
For any query and suggestion, mail us at pharmafranchiseehelp@gmail.com

Keywords: pcd pharma franchise, pcd distributors, pcd pharma companies price list, pcd pharma business model, pcd pharma profit, pcd pharma Wikipedia, pcd company means

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