How to Increase PCD Franchise sales in your Area
If you are promoting a PCD Pharma franchise company in your area, you understand that increasing sales is not your area. As the sale will increase your profits will increase with it, so a regular effort has to be made to increase the sales of your Pharma products. You can bring continuous improvement in your selling and working style, to increase you sales and Profits.
Challenges of PCD Pharma Franchise Business
Like all businesses there are some challenges in your PCD Franchise business also. You need to properly understand and mitigate the challenges you are facing on ground. Following are the challenges which you may face while promoting your monopoly PCD Franchise:-
a) Market conditions and Season – Many Pharma Products have a consistent sales throughout the year, but still the majority of sales of PCD Pharma franchise company dips in Winter season. This is because the virus and bacteria dies, Many infections do not happen in this season and sale is down. It is a big challenge in winter season to expand your sales and increase business.
b) Price competitiveness – Over fast few years, we have observed that Pharma market has become very price sensitive. This is because of many new players entering the market. Apart from this, Fluctuation is raw material prices also play a role in increasing the price sensitivity.
c) Wide area coverage – Another challenge which you may face in expanding is covering market area. Some districts are very big in size, so you have to cover a lot of distance daily to market products. Travel time can increase and travel cost also. You may also need more manpower to cover more area. So Expansion is also a concern if a large geographical area is targeted.
Points to increase PCD Pharma Franchise sales in your area.
If you want to increase sales of your PCD Franchise company , follow following steps and your sales will definitely increase.
- Market Analysis – Every market is different, so do a proper marketing analysis. Understand which are must running products and what is the price at which they move.
- Offers or Rate – Understand how products moves in your area. How your customers increase their orders. Do they like schemes on products or Discounts on orders. This will help you in finalizing your sales strategy.
- Management support – Talk to company management and ask for their Support. It is important that company supports you in your selling strategy. Discuss all important points with management and ask for support.
- Promotional material Support – Check promotional material for PCD Pharma sales and ask for it, for proper marketing of products. Various Marketing support material is available for product promotion, use it properly to increase the sales.
- Monopoly Rights – Have proper agreements in place when you plan for for a sales increase so that if someone infiltrates in your market you can tackle the issue firmly. Monopoly Rights are must if you are planning a long term growth in sales and business.
- Stock Management – In Pharmaceutical segment it is very critical to maintain stock, so that sales do not get affected when there is a spike in demand. It is little risky but you have to plan your stock properly and keep it for demand fulfillment.
Wellgo Pharmaceuticals is a Leading PCD Pharma Franchise company , with head office in Chandigarh, India. We help our associates in growing their business. Our Dedicated staff is working 24X7 to grow business of our associated.