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Medical representatives are the backbone of any pharmaceutical company in terms of ground marketing and persuading medical practitioners and pharmacies. They try to convince both to prescribe and sell their company’s medicines and products to generate sales and revenue on local ground. However, there are many pros and cons associated with being a market representative. In this article, we will tell you about how you can change the course of your career by owning a PCD pharma franchise in India from a reputed and recognised pharmaceutical company. By owning a franchise business, you can start your own pharma business in a locally allotted territory with monopoly rights and complete your dream of being your own boss.
Pros and Cons of the Medical Representative Job
We are not dismissing the fact that medical representation is a fine, white-collar, respectful job with responsibilities and duties. As we have said, MRs are the backbone of any pharmaceutical company in terms of churning profits and marketing. However, some limitations are also bound to the job profile, and we will tell you about those aspects of just being an employee of a leading pharmaceutical company.
- Limited Salary: An employee is bound to get a limited salary as a medical representative.
- Target set by company: They are bound to complete the target set by the company in order to draw a fine salary. And this is the biggest disadvantage of being an MR.
- Slow Progress: The progress and promotion will come to you at the pace of a snail. Due to the density of MARs in the market, the competition is very tough and dense. That is why promotions and career growth are restrained by various hidden factors.
- Extensive Field Work: A medical representative must knock on every doctor's door in a particular region in order to generate sales and market their products.
Well, these are the most important and focusing disadvantages of being a medical representative in today's scenario. On the other hand, owning a PCD Pharma Franchise in India is a blooming opportunity to become a prominent player and independent business owner in the pharmaceutical industry.
Benefits of Owning a PCD Pharma Franchise
Well, in reality, the pharma franchise model has proven to be a magnificent platform for numerous companies and individuals to establish and grow in the pharmaceutical industry.
Every leading and renowned pharmaceutical company has fruitful and attractive franchise models in which franchisees are flourishing and growing. A supportive and promising PCD pharma franchise company in India would provide you wings to fly high and experience the most beautiful aspect of the pharmaceutical industry: being the owner of your own business.
Let us just elaborate on what you can expect from a franchising business and what numerous franchisees are experiencing.
- Liberty and Freedom: The biggest benefit of owning a business through franchising is the liberty to run your own business and freedom from employment restrictions. Your parent company (the franchisor) would give you the right to run your own business in a particular region and market their products with profit sharing.
- Low-cost and low-risk business: Leveraging franchisor brand names reduces the risk of business operation to null. And you would be surprised to find that a franchise right might cost you up to just 15 to 20 thousand rupees. It is the most cost-effective business model in the world and provides a seamless opportunity to grow your business.
- Support in establishing a franchise business: You will get already-manufactured and packed products to sell and distribute in your assigned exclusive territory. Franchisors mostly do not interfere thereafter. In fact, they would provide you with all the essential tools and equipment you need to establish a firm foundation to cement your business. They will ensure your success by providing you with all the information, insights, visual aids, and marketing support you need to make this journey a sail-through experience.
- Become a business owner: In your territory, you are the owner and partner of national and multinational pharmaceutical companies. You will have exclusive products and services in order to establish a monopoly in your region.
- No limitation on income: The biggest benefit of owning a business is that there is no limitation on income. Anyone can generate huge or unexpected profits with sheer hard work and an excellent business strategy.
However, there are a few and most important features of owning a PCD pharma franchise in India; moreover, there are several benefits that one can see after stepping into the world of the pharmaceutical industry as a franchise owner.
If you are a medical representative, then becoming a franchise owner would be the best option and opportunity for you. You already have a lot of experience in the pharmaceutical industry, and by using that experience, you can overcome any hurdle or obstacle with ease.
You already know the insights of the pharmaceutical industry, and you know that a medical representative’s job is one of the most pressing and target-oriented jobs in India. So why not join a company as a partner and start your own franchise business without any pressure or burden?
Join us for the best franchising experience
Medliva Lifesciences is the top-ranked PCD pharma franchise company in India. We are famous for our lucrative and most supportive franchise programmes. We have franchise partners throughout the country that are blooming and growing with us. We keep our promises and ensure the success of our loyal and precious franchise partners. With an extensive range of pharmaceutical products and medicines, anyone can thrive in the franchise business with our partnership and support.