The research indicates that the Indian pharmaceutical industry will reach USD 130 billion by 2030, and Patna can be a major contributor to its expansion. This marks a breakthrough for thecapital city of Bihar, Patna, making it the hotspot for setting up a Pharmaceutical Franchise.

It’s high time if you’re willing to partner with a PCD pharma franchise company. However, the first step to start the PCD pharma franchise in Patna is to find a suitable partner, complete the legal process correctly, and know everything about the business model to succeed.

In this blog, we’ll walk you through a step-by-step process to start a PCD Pharma Franchise Company in Patna. Let’s get started now!

What is a PCD Pharma Franchise Company, and what does it do?

A pharmacist in a white lab coat holds a blue clipboard and looks at shelves filled with medications, representing the growth opportunities in the PCD Pharma Franchise Business in Patna within a modern, brightly lit pharmacy.

A Pharma Franchise based on PCD methodology allows franchise partners to authorize people, wholesalers, or distributors to sell their products under the company’s brand name. Under the Propaganda-cum-distribution system, a franchise system doesn’t require building or producing anything, but rather selling and distributing products in a set region.

How starting a PCD Pharma Franchise Company in Patna, Bihar be a lucrative option?

Given below are some reasons and stats that depict how starting a PCD pharma franchise in Patna can be a rewarding option:

• Bihar has nearly 124 million people, allowing plenty of room for the sale of pharmaceuticals.
• About 85% of the population lives in rural areas, where it is still difficult to get medical supplies, which means there is a big demand for distribution networks.
• According to NITI Aayog, India has only 0.39 beds for every thousand people in hospitals, which creates a demand that franchises could meet.
• More than 70% of drugs in Patna come from the generic segment, which suits the PCD model’s model.
• Since the market in Patna is not crowded, companies that join as new PCD members can generate better margins and grow more swiftly.

How to start a PCD Pharma Franchise in Patna: Steps to launch a PCD Pharma Franchise in Patna

There’s an easy step-by-step process to start a PCD pharma franchise business in Patna. Here’s what it includes:

• Study the Local PCD Pharma Franchise Business Landscape in Patna

Learn what diseases are present and how much they are being treated in Patna. For example:

• Many people require general medicines, antibiotics, special paediatric and gynecological, and diabetes care products.
• Because many now prefer alternative ways to care for their health, Ayurvedic and herbal products are growing in popularity.

Understand where Top PCD Pharma Franchise Companies in Patna fail to perform well.

• Select the appropriate PCD Pharma Franchise Company in Patna

The next steps towards the launch of your PCD pharma franchise business in Patna are to work towards the selection of the right company, drugs, as well as the other factors that can fulfill the demands of the populace.

Here are some of the qualities you should take into account when making these decisions:

A female doctor with a stethoscope smiles while holding a clipboard and discussing PCD Pharma Franchise Business in Patna with a female patient in a bright office setting.

• WHO-GMP certified drugs
• Products approved by DCGI
• Clear pricing and profit breakdown
• Monopoly privileges in your target area
• Presence and a good reputation in India

Certain leading PCD Pharma Franchise businesses in Patna work in over 300 product categories and various health areas. This arrangement works well with the different instructions doctors provide.

Step 3: Handle all the obligations that come with starting a PCD Pharma Franchise Company in Patna

Willing to know the requirements for starting a PCD pharma franchise in Patna?Check out the list of obligations that any PCD Pharma franchise company in Patna should adhere to:

• Drug License Number (License Number)
• Supplied by the Bihar State Drug Control Department.
• Costs range from ₹5,000 to ₹15,000 depending on what you choose.
• Agreement/Franchise Contract
• The parent PCD company signs an agreement listing the products, their prices, the area where they can be sold, and the business rules.

• PAN and Aadhaar Card can be used to verify your identity.
• If you haven’t worked in the pharma field, work with a sales professional or hire someone who is a qualified pharmacist.

Step 4: How much investment is needed to start a Pharma Franchise in Patna?

The cost to start a PCD pharma franchise in Patna will not cost you dearly. Here’s the expected cost that will be incurred when starting a PCD pharma franchise company in Patna

• The initial amount to start a PCD pharma franchise business in Patna can range anywhere between ₹50,000 and ₹1,00,000.
• The cost for a Drug License is normally ₹10,000 – ₹20,000.
• Special prices for local marketing & travel ranges from ₹5,000 to ₹15,000.

On average, the total cost to start a PCD Pharma Franchise Company in Patna ranges between ₹50,000 to ₹1.5 lakh, depending on the type of business, product range, and location.

Step 5: Choose the Products for Your PCD Pharma Franchise Company in Patna

Make your choice of products depending on the healthcare setting where your customers are found.

Here is a list of products that can be sold through a PCD Pharma Franchise Business in Patna:

• General medicine
• Pediatric care
• Treatments for orthopedic and pain problems
• Gynecology-related and infertility items
• Cardiac-diabetic range
• Ayurvedic/herbal line
• The field of derma & cosmetics

Pro Tip: Always go with a PCD Pharma Franchise Company that can offer you the drugs and medicines that are high in demand in your area.

Step 6: Get Exclusive Rights to Produce in Your Area

A monopoly pharma franchise in Patna will give you the legal right to sell the products in your district without competitors.

With monopoly rights, you have greater control, no internal competition, and people remember your brand more easily.

Step 7:Develop a marketing strategy.

As a PCD Pharma Franchise in Patna, it is your job to promote your franchise within the assigned territory.

Offline Tactics:

• Give out samples and brochures to the medical staff in the local area
• Work with both hospitals and private doctors.
• Check chemists and local pharmacies for what you need.

Online Tactics:

• You can target people in your area with a “near me” pharma campaign on Google Ads
• Make use of phrases such as “Pharma Franchise Company Patna” and “PCD Pharma Distributors in Patna”
• Make a website or business profile in your area to help others find you.

What You Can Expect from a PCD Pharma Franchise in Patna?

• You only need INR 50,000 to INR 1,50,000 to start your PCD Pharma Franchise in Patna or anywhere else in India.
• Benefit from the right to sell goods only within a certain area
• Get high-demanding and high-quality medicines at reasonable costs.
• You will get comprehensive product training, tools for promotion, and logistics support from the parent company.

What precautions do you need to know when starting a PCD Pharma Franchise Business in Patna?

Not all PCD Pharma Franchise Companies are worth relying upon! With the rising number of PCD pharma franchise companies in Patna, you need to ensure that you partner with the right PCD Pharma franchise company. For this, make sure you don’t partner with a PCD Pharma Franchise Company that does the following!

• Makes no written monopoly rights agreement
• Disregard what consumers and the market say
• Not providing items prior to demand or not having enough products
• Get proof of the PCD Pharma Company’s registration before you decide to join.

Final Thoughts

Setting up a PCD Pharma Franchise in Patna is a great business option for anyone willing to start in the pharma sector in Patna.  When you have a modest start-up, the needed documentation and a suitable partner, you can develop a sustainable business that brings profit over time.

Anyone in MR, wholesale, or just having a desire tostart a business will benefit from using this plan.

Are you looking for help to find the best PCD pharma franchise in Patna? Look no beyond Oasis Bio Bloom. Over 30 years in business, we focus on providing great items for customers, supporting their franchisees well, and keeping prices reasonable. Our company’s franchise network has grown by 18% each year for the last five years and ensures partners are satisfied with the results. Get in touch to start a PCD pharma franchise business in Patna.