How to Start Pharma Franchise with Low Investment – Are you looking to start your business in the pharmaceutical industry but worried about high startup investments? Worry not. Starting a pharma franchise with low investment is possible and can be a lucrative business opportunity. In this article, we will guide you with expert tips on how to kickstart your pharma franchise business with low-cost investment.
It is noticeable that the pharmaceutical industry of India has grown by 9.5% in March 2024 and is expected to reach 130 million by 2023. With this increase in growth, a business in the pharmaceutical industry could be beneficial for you with low-cost investments and give you a high profit margin. The demand for quality medicines is on the increase, so it is better to enter in pharma field early.
For entering the pharma industry there are two options available that require low investments. One is a Pharma Franchise and the second is a PCD Pharma Franchise. We will discuss both options in detail and help you to choose which will be best for you.
Difference in Pharma Franchise and PCD Pharma Franchise
Pharma Franchise
Firstly, we will talk about the pharma franchise model. The Pharma Franchise is a model is operates on a large scale and has targets to complete. The order size of the pharma franchise is also large. To start this model the individual should have work experience of a minimum of 10 years also it is difficult to take a pharma franchise of any company. Well, talk about the required investment of a pharma franchise. The individual should have a minimum budget of 50 thousand and a maximum it should be 4 to 5 lakhs.
PCD Pharma Franchise
Now, we will talk about the PCD Pharma Franchise model. A PCD Pharma Franchise operates on a small scale and has no targets to complete. The order size of the PCD Pharma Franchise is smaller than the pharma franchise. The required experience for this model is zero, you can start the PCD pharma franchise with 10+2 certification with the required licenses. The required incitement for a PCD pharma franchise minimum of 15 thousand to a maximum of 50 thousand. The individual can also invest more than this, according to their budget.
After differentiating both of the models, we can say that the PCD Pharma Franchise is best from the vision of investments also it is easy to operate and has independence to run the business. A PCD Pharma Franchise also gives monopoly rights in which only one franchise can run the business in a selective area by using the company’s brand name and trademark. This reduces the competition risk and helps the franchises to run their business easily without any competition.
Also Read: Best Ethical Pharma Franchise in India
Questions that you should ask yourself before starting a franchise business
Is there a demand for an Ethical Pharma Franchise in my area?
Before starting the business in the pharmaceutical industry. Ask yourself whether the business you are going to run is demandable or not.
Is this a market that I would enjoy working in?
Ask yourself whether this business gives you enjoyment or a headache and stress. Don’t start a business if you are not willing to pursue it.
Do I have the experience and skills required to run this type of business?
Mostly business requires experience and skills. Ask yourself if you have sufficient skills and experience that are required for the pharmaceutical business.
Can I afford the initial investment, ongoing costs, and any other financial commitments involved?
This business could be costly even after fulfilling the required investments. Ask yourself if you have sufficient budget to run this business.
How long does it take for a franchisee to get up and running?
Investments need patience. Before starting the franchise business, make sure to get enough information about the processing time of the business’ success.
How To Choose The Best Company For Your Pharma Franchise Business?
It is important to select a reputable company that helps you run your business easily and support you in promotion and marketing. Here are some key points you should check about the parent company before taking the franchise:
- Research for ethical pharma franchise companies and Check their background whether they have a good reputation and legal compliance.
- Check the product range of all the companies and product quality.
- Select the companies that give marketing and promotional support to their franchise partners.
- Check the product pricing and compare them to other companies’ product ranges. Think about how much profit margin you will generate by the product range.
- Read all the terms and conditions carefully for an easy-run business in the future.
- Select the company that provides support, guidance, and training to their franchises.
Best Company Requires Low Investments – Saphnix Medicure
Mr Sachin Garg founded Saphnix Medicure in 2008. Since its establishment, the company has frequently manufactured quality products and gained trust and publicity from the customers and the pharmaceutical market. We are an ISO, WHO, and GMP-certified company, using the best quality raw materials for manufacturing medicines and other pharmaceutical products. Saphnix Medicure is offering PCD pharma franchise opportunities in PAN India with minimum required investments. You can start your PCD pharma franchise with Saphnix Medicure with only 15 thousand minimum investments or if you have a large budget you can invest up to 1.5 to 2 lakhs. Our experts will guide you to run a successful business and apply strategies to generate more profit. Additionally, you get marketing and promotional support from our company such as:
- Visual cards
- Product catalogue
- Visiting cards
- Sample catch covers
- Reminder cards
- LBLS
- Carry bags
- Pens and RX pads
Our Product Range
Saphnix Medicure has more than 400+ quality products that are made by following the strict guidelines of higher authorities such as FSSAI and DCGI. Here is the list of our product range that we are offering to our franchise partners for their PCD Pharma Franchise Business in PAN India:
- Tablets
- Capsules
- Soft gel capsules
- Syrups
- Dry syrups
- Ointments
- Sachets
- Injections
- Protein powders
Also read: General Range PCD Pharma Franchise
