How to Open Pharma PCD Companies - PharmaBizConnect

How to Open Pharma PCD Companies?

PCD Pharma Business is a fast-growing business model which is making deep inroads in Pharma Industry and has started making its presence felt. Many young entrepreneurs are entering Pharma PCD business for fast growth and good profits. Let's discuss, how do we start PCD Pharma, Pharma Franchise Business?

Open A Company: In order to start a Pharma PCD Company the first thing required is to register a Pharma Company it can be a proprietor firm, Partnership firm, LLP or a Private limited company. Think about a good name and please don’t forget to gets its trademark and domain name register simultaneously. The name has to be catchy and meaningful it may reflect the objective of the company.

The similar domain name would be helpful in creating a website and if the name is similar it has the brand recall value. A good website will reflect the professionalism of the company so it should be on your priority list.

Based on the name of the company, first of all, we have to apply for the Drug License or Wholesale License. The basic requirement which can be verified from local drug authorities is that the company should have minimum 120 Plus square feet of space, a competent person who would run the business and in whose name the drug license would be associated, Fridge, wooden panel, Iron showcases and other things. Once you have your Drug License in place you have to apply for GST number as without GST number no one would be willing to bill you.

PCD Pharma business success would depend upon the selection of product range and their trade names, once the product range is selected they need to be given a trade name importance has to be given to the trade name as they need to be catchy so as it’s easy to pronounce and can come on the pen of the doctor, many companies keep name matching to their company name I suggest one or two is ok but if we give all the trade names matching the companies name then it gives a feeler of a generic company.

Also kindly keep in mind that all trade name should be unique and registered some companies don’t go for trade name registration as for every registration the cost would be around 7000-8000/- per brand hence they avoid but this is not a good strategy as good Manufacturers will not manufacture without the registration or they would demand an affidavit for avoiding any trade name infringement litigation.

Design your marketing strategy i.e. if you want to go for high volume low-profit business or low volume high-profit business. What are the inputs you plan to give to your PCD Pharma distributors as this would be your cutting edge over your competitors.

Once the product selection is through then you have to select a good Manufacturer those who can manufacture your brand in your trade name on Third Party Contract Manufacturing basis. I recommend you to visit www.pharmabizconnect.com for the same were you would be able to send your manufacturing enquiry to multiple Pharma Manufacturers and can get the best deal.

You then need to appoint your office team of Tell callers, Dispatch guys, accounts people mainly tell callers as they are the one who would reach out to prospective distributors all across the country and they can be appointed as PCD Pharma distributors or who can take your Pharma Franchise.

Plan advertisement of your company so as you can get business enquires; I recommend www.pharmabizconnect.com for the same.