How Much Investment is Required to Start PCD Pharma Business

How Much Investment is Required to Start PCD Pharma Business – The pharmaceuticals industry is quite big and profitable. It has been named the best industry to actually start a venture due to multiple benefits like marketing tool benefits, monopoly rights, genuine investment, attractive profit margin. If you really want to start your PCD franchise business then you should know how much investment is required to start a PCD pharma business in India.  

Knowing your capital requirement, financial security and saving is very important if you really want to initialize your own business. PCD pharma franchise business is one of the most profitable businesses in the world. The demand for quality medicines is increasing every fortnight. The profit in sales margin is also attractive but like other businesses, even the pharmaceuticals business goes through ups and downs. In this post by SKG Internationals, we are going to discuss, how much investment is required to start a PCD pharma business. This will help you decide and grow your business on future perspective.

Factor Which Can Affect Your Capital Requirement to Start a PCD Pharma Franchise Business

Like every business, PCD franchise is affected by several factors which can help you succeed in your venture. You need to invest in the right venture as the Indian pharmaceuticals are divided into several sections and every segment and market has good chances of success for you if you choose it wisely with the right amount of finance. Here are some factors you need to remember when starting PCD franchise:

1. Have a crosscheck and do a deep study about the market conditions and economy of that place. These two factors can affect the kind of buyers and profits in long term. Like in Chhattisgarh the medicines may not generate value due to high cost whereas the same medicines may generate good returns as the public is able to afford it.
2. Choose the market wisely. Different drug market has different monetary value, drug market is quite affordable in comparison to same drug products. This is due to the difference in manufacturing nature and cost affairs.
3. Divide your wealth into parts of three – Initial investment, savings, and emergency investments. This will help you go through the ups and downs of the business.
4. Choose a company that will provide aid to you as a PCD franchise. Many companies provide credit facilities to their pharma members.  

Investment Required To Start A Pharma Franchise Business in India

The minimum investment to start a pharma marketing company varies from your PCD franchise business to company requirement. There is a difference between how much does it cost to start a pharmaceutical company and a simple PCD franchise business in India. The investment needed is the same in franchise business which is as follows:

• Drug License Number: Estimated Expense: Rs5000
• GST Network Registration
• Private Limited Company registration: Rs8000 to Rs9000.
• Expenses Of Appointed People (Accountant, Auditor, Doctors, Physician, Representative, Stockiest etc) This can be commission based too.
• Monthly expenses like electricity Bills, rent of the premises, salaries of employees etc.

Just in case you want to start a PCD franchise business of your own then you should be connected with a good Pharma manufacturing company. You should be prepared with a list of drug formulations that you want to offer to your customers. These are the list of things you should keep in mind.

1. Food Safety & Standard Authority of India (FSSAI): Rs 100 annually for Re-registration.
2. Marketing and Promotional Expenses
3. Rent of the premises and warehousing
4. Third Party Manufacturing: Minimum Rs25, 000 or as per company rules
5. Trade Mark per product or name: Estimated Expense – Rs4500 (government fees + advocate fees respectively)

these are to be listed according to get to the good conclusion. many medicines are costly in comparison to other markets like ayurvedic medicines may be less costly then oncology medicines. You have to do good study and have savings according to that. 

Conclusions:

Try to cut on your overhead costs which will help you cut your expenditure. make sure you save for promotional benefits even though the company provides you with marketing tools. Being prepared from start is all you need to rememeber. For PCD franchise, SKG Internationals is the best pharma franchise company in India.