Difference Between Generic Medicine Franchise and Cosmetic PCD Franchise
The Pharma industry is full of potential and already growing profoundly. It is a really great time to enter the industry. There are a lot of opportunities in the pharma world. Suppose you are a healthcare professional or have some background knowledge. In that case, you can open a clinic or, maybe, a chemist’s shop. However, one of the easiest ways to make money is by taking a franchise. Or you can also become a distributor.
Taking a PCD pharma franchise is a great choice. Why? Well, it comes with many benefits. One of the biggest plus points about a franchise is the high profit margin. You can take a Cosmetic PCD franchise, herbal, etc., based on your choice. Another important venture is the Generic medicine franchise. You might be wondering why we are mentioning it separately. Well, though the derma franchise and generic franchise are a type of franchise only, there are small differences between them.
Many people wonder why the type of franchise matters. Well, the type of franchise you take actually decides the future of your company.
No doubt, both offer many benefits and have large growth potential. Suppose you are taking either a derma PCD franchise or a generic PCD Franchise. In that case, you should know the differences between the two. Especially what kind of derma franchise or generic franchise will be a better choice for you. See, there are many factors to determine what will be better for you. For example, monopoly rights, market, demand, and derma and generic medicine range.
Generic medicine franchise. Along with the differences between the two. This will help you understand them clearly. And also, whether a generic PCD franchise or derma PCD franchise will be better for you. So, without any further wait, let us start.
In this article, we will discuss the Cosmetic PCD franchise and Generic medicine franchise Difference.
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Cosmetic PCD franchise
Derma product franchise: Here, one takes a cosmetic product franchise. What does that mean? Well, basically, you get to sell all the cosmetic goods. That includes shampoos, shower gel, face wash, serums, etc. It is a great choice for you if you want to enter the skincare world.
Benefits of cosmetic PCD franchise
Firstly, it involves less investment. Thus it is also a low risk venture.
Secondly, the low cost is coupled with higher returns.
Also, another key point is when you take a derma product franchise, you get monopoly rights.
Furthermore, there is a great demand for high quality derma products. It makes it easier to expand your business.
Generic Medicine franchise
Generic PCD franchise: Generic medicines are in great demand nowadays. It is because of increased awareness. Generic medicines are just like brand name drugs. They have the same formulation and effect. However, they cost a lot less. The biggest stigma around using generic medicines was its efficiency. People used to think it was like a cheap copy of the main drug. However, now people know about it better. And actually are demanding generic meds.
Benefits of generic medicine franchise
The best thing about selling medicines is that they are cheap. You can easily stock up.
Secondly, due to increased awareness, there is high demand for it in the market.
Additionally, the profit margin is large. Also, the generic medicine range is quite vast.
Differences between generic medicine franchise and cosmetic PCD franchise
As mentioned earlier, both of these franchise options are quite profitable and almost the same. However, there are a few differences between them. Let us discuss them one by one.
Price differences between a Cosmetic PCD franchise and Generic medicine franchise
Firstly, let us talk about the prices.
Derma PCD franchise: Obviously, when you take a derma franchise, you will receive products at a cheaper cost than the market value.
Generic PCD franchise: Well, generic meds are very cheap compared to branded ones. Hence, a generic franchise is way more cheaper than any other option.
Minimum Quantity differences between a Cosmetic PCD franchise and Generic medicine franchise
Well, there is no minimum order required in the case of a cosmetic product franchise.
However, the generic medicine franchise has a minimum order compulsion. It depends on the pharma company. Some companies ask to buy at least 300- 400 boxes of a med. At the same time, some do not take orders below 1000 units.
Product Range differences between a Cosmetic PCD franchise and Generic medicine franchise
Cosmetic product franchise, as very much evident by the name, deals with cosmetics. It is also called a derma product franchise. Hence, this involves all cosmetic and dermal products. For example:
- Skincare Tablets
- Dusting Powder
- Skincare Gels
- Soft Gels, etc.
On the other hand, the generic medicine range is quite vast. There are generic meds available for almost all kinds of drugs. Thus, you deal with a variety of goods. These include:
- Soft Gelatin Capsules,
- Oral Liquid (Syrup & Suspension),
- Eye Drops,
- Ear Drops,
- Oral Sachets & Powders, etc.
Monopoly Rights differences between a Cosmetic PCD franchise and Generic medicine franchise
This is one of the biggest differences between a Cosmetic PCD franchise and Generic medicine franchise. When you take a cosmetic PCD franchise, you also get exclusive monopoly rights to sell in an area.
However, a generic medicine franchise does not offer monopoly rights to anyone. This makes it an open business.
The trend in India
Both derma franchise and generic franchise are quite popular nowadays. There are two main reasons behind this.
Firstly, increased awareness. And general concern in people about their well being. Generic medicines have the additional advantage of being cheaper.
Cosmetic PCD franchise Vs. Generic medicine franchise: What is better for a startup?
Well, again, the type of franchise you take depends on you. The other thing that matter is the demand in your area.
A cosmetic PCD franchise is easier to set up. You do not need to place a large order. Also, the monopoly rights help to sell products easily. To Start cosmetic PCD franchise CONTACT US HERE!
A generic PCD franchise is good if you have a hold on the market and have a network with health professionals. To Start Generic medicine franchise CONTACT US HERE!
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