12 Common Myths About Pharma Franchise Debunked

Common Misconceptions and Myths About Pharma Franchise Business

1. You Need a Huge Investment
   Many entrepreneurs and individuals think that owning a franchise business requires a huge investment. However, in reality, it is completely wrong; some renowned pharmaceutical companies like Casca Remedies and Medliva Lifesciences offer their franchises for just ₹15,000 to ₹20,000, which includes products.
2. Only Doctors Can Start a Pharma Franchise
   Anyone with a valid drug license and who completes mandatory regulatory requirements can own a decent franchise business from a reputable pharmaceutical company. No pharmaceutical background or extensive marketing and sales knowledge is needed.
3. It’s Only for Big Companies
   No, it is not! In reality, any individual or entrepreneur can own a PCD pharma business. It is an open opportunity for everyone. However, a franchise holder can build a large company by expanding and scaling their business.
4. Pharma Franchises Are Risky
   A business ownership that can be obtained for just ₹15,000. How can it be a risky business venture? In fact, franchising in pharmaceuticals under a recognized PCD pharma company in India possesses an extremely low risk factor.
5. You Need a Manufacturing Unit
   Your parent pharmaceutical company will provide all products and medicines for distribution in your designated territories. Therefore, the franchise owner is not responsible for product manufacturing.
6. No Support from Parent Company
   This is indeed the biggest misconception about pharmaceutical franchising. In reality, a pharmaceutical company depends on its franchise business associates to expand its business and reach untapped markets in distant locations. This is why they treat their pharma franchise partners as precious assets, providing them with comprehensive support, guidance, and backing in their businesses.
7. Low Profit Margins
   Pharmaceutical businesses generally produce high revenues and profit margins for distributors and franchisors. The worldwide demand for pharmaceutical products is constantly rising; thus, associated businesses generate substantial profits.
8. Only Generic Medicines Are Offered
   Along with generic medicines, all other categories of medicines can also be obtained as franchise business products. In fact, a franchise seeker can access a huge range of multiple pharmaceutical products for franchising.
9. Difficult to Get a License
   No, it's not! The process of getting a drug license and other regulatory approvals are straightforward and transparent.
10. It’s a Short-Term Business
    In reality, the PCD pharma business is an extremely long-lasting endeavor as pharmaceutical requirements are rising on global markets.
11. No Career Growth
    The pharmaceutical franchise business model offers immense growth and expansion opportunities. A franchise owner can rapidly scale their business by partnering with a reliable pharmaceutical company and implementing good marketing tactics.
12. Marketing Is Expensive
    Most marketing materials are provided by the parent pharmaceutical company. Thus, marketing costs and expenditures are extremely low.