The pharmaceutical business in India is changing so rapidly, and the PCD Pharma Franchise Model has proved to be one of the most profitable propositions to the aspiring entrepreneurs. Nevertheless, getting a franchise with a good firm such as SKG Internationals is not the end. The actual struggle–and the actual payoff–is in the way you are marketing your business.
In the event that you are a new franchise owner and you want to stake a claim on your territory, there are five main marketing strategies that will increase your growth rate.
1. Develop a Healthy Physician Network.
The most important influencers in PCD model are the doctors. The first one is to foster trust and professional relationship with healthcare providers in the assigned area.
Personal Visits: It is important that they are regular. Make sure that you or your medical representatives visit the clinics regularly with quality product samples.
Value-Added Detailing: It is not enough to sell; it is necessary to educate. Distribute the new clinical data, medicinal formulations and advantages of your products over others to the doctors.
Leave-behinds: Leave-Behind Leaflets (LBLs) and catch-covers that are professionally designed are used to remember your brand in your parent-company.
2. Take Advantage of Local Online Advertising.
Although pharma is always a feet-on-the-street type of business, the digital world cannot be overlooked.
Google Business Profile: Claim your local listing. Your business should have been listed when an individual is seeking a pharmaceutical distributor near them.
WhatsApp Marketing: Prepare a broadcast list of local chemists and other healthcare professionals and send them updates about new stocks or price increase or price cut or offers during the festivals.
Educational Content: You can share health tips or news about the therapeutic parts you discuss using social media platforms such as LinkedIn or Facebook.
3. Focus on Chemist Relations
The last point of sale is chemists. When a physician orders a generic molecule and the chemist carries your brand your sales will shoot up.
Inventory Control: Make sure that there is never a shortage of your products in local pharmacies. A lost opportunity that can result in a chemist moving to a competitor is a “stock-out” situation.
Incentive Schemes: Provide good margin or season schemes to retailers in order to persuade them to suggest your brand to walk-in customers.
4. Use of Quality Promotional Material.
The marketing support is one of the greatest benefits of collaborating with a well-established PCD Pharma Franchisee such as SKG Internationals. These are materials that should not be stored in a box.
Visual Aids: Presentations should be accompanied with good visual aids that are scientifically accurate.
Gifts and Reminders: Hand out things of use such as pens, calendars, or prescription pads with your company name printed on the same. They are used as reminders of your brand on a time-starved clinic.
5. Market Research On Territories.
A good marketing must involve the knowledge of your battlefield. Analyze your given territory in detail:
Determine Gaps: What are the common types of medicine that are prescribed but unavailable in the local pharmacies?
Competitor Analysis: What other franchise owners are doing. In case they are targeting General ranges, possibly you can have a niche in Pediatric or Gynae products.
Patient Demographics: Customize your marketing campaign according to the health problems that are predominant in your target area (e.g., seasonal allergies, lifelong lifestyle diseases).
Conclusion
Opposite to popular belief, launching a PCD Pharma Franchise is a persistence and strategy trip. With the help of the combination of the old fashioned and new relationship-building and the utilization of the modern marketing tools, you will be able to create a sustainable and profitable business.
The key to this success lies in collaboration with a parent company that is supportive. In SKG Internationals, we give our partners a wide range of products and the marketing collateral that they can use to overtake the local market.
You are willing to begin your journey? Come to SKG Internationals today to investigate our franchise options and make the initial move of becoming a pharmaceutical leader.