1) What are the challenges
in being a Pharmaceutical Sales Person?
The true challenge for a Pharma salesperson, is to convince a doctor to switch from a drug that he or she is prescribing to their patient.
The true challenge for a Pharma salesperson, is to convince a doctor to switch from a drug that he or she is prescribing to their patient.
2) What are the key responsibilities of a medical
representative?
The typical work
activities that a medical representative has to do is
·
Increase
Sales
·
Increase
awareness of the brand
·
Increase
market share
·
Meet
and exceed targets
·
6-7
calls per day and fixing appointments
·
Manage
the territory like a small business
·
Build
a relationship and convey product information
3) How can you become a successful pharmaceutical
representative?
Pharmaceutical
sales is a high turnover business and to get its foot into it requires
·
Positive
Approach
·
Good
Network and Focussing on Sales call
·
Good
communication skills
·
Good
product knowledge
·
Understanding
market value of your product
·
Good
research on competitors and their sales target
4) Explain why pharma sales is different than other
sales?
·
Pharmaceutical
sales is an indirect sales role
·
Pharmaceutical
sales have no order to close or contract to sign
·
It
serves for an expert physician promoting product through education and
awareness
5) Is there any software available in the market to
help to track their sales and progress?
Pharmaceutical specific ERP software are available in the market which can be useful to track the total number of sales, exact customer location; profit made quarterly, sales management, stock information from stockiest and so on.
Pharmaceutical specific ERP software are available in the market which can be useful to track the total number of sales, exact customer location; profit made quarterly, sales management, stock information from stockiest and so on.
6) How you can convince a
physician to switch to your drug?
To convince a
physician to switch on to your drug is most challenging task especially when he
is happy with its current drugs.
To switch on to
your prescribed drug, your first step is to
·
Make
your presence by setting small sales initially let say targeting 1 or 2 patient
and target bigger later on
·
Gain
complete knowledge about the drug and observe the prescribing behaviour of
physician
·
Use
your product knowledge and other tools to make physician understand your
product.
·
Once
the physician show his confidence in the product, push him to prescribe
your product for more patients
7) What is your expectation from your sales manager?
·
Provide
you with all amenities and tools required for job
·
Knowledge
and tips to increase sales
·
One
who can assess your potential and set realistic goals
·
One
who supports and use his knowledge and yours to bring synergetic result
8) What will be your approach if you are given a territory
and a list of physician to call on?
80% of business
comes from 20% of the people. For a given territory, your first approach
should be
·
Analyse
and see the customers and their potential
·
Gather
all the data’s of sales particularly in the area you are given
·
Target
those physician or customers who have bigger sales potential
Later, you can
start calling for appointments
9) What is the training aspect, if one is selected for the
sales representative position?
The training can
include
·
University
or school studying all the aspect of the product
·
Training
on field with an experienced representative
·
Learning
anatomy and physiology to competitor’s products
10) How many product does a med rep usually carry? How do you
get bonuses paid on them?
Usually, a med
rep carries 2-3 products and sometimes four if it is an experienced guy.
Each product is responsible to a portion of the rep’s sales bonus. To get
bonuses paid, they have to sell all the products and meet the decided quota.
11) How many sales calls
are you supposed to make each day?
Your sales
depend on how often you see your physicians and make contacts. To achieve
maximum sales it is desirable to make maximum calls and fix the appointments.
On average, any company demands around 10-12 calls a day.
12) Explain what are the pros and cons working for a small
scale and large scale pharmaceutical company?
Pros:
·
It
is easier to shine and advance at small pharmaceutical companies
·
Small
scale industries become big pharmaceutical companies very rapidly
·
Small
companies offer stock options as incentive to stay with them long-term
·
Often
smaller companies are sell out to larger companies, and the original
stockholders get wealthy
Cons:
·
For
entertaining clients, small pharmaceutical companies do not provide significant
expenses
·
Territories
are bigger, and you have to drive more instead of working in a limited
territory
13) How would you reach a physician who does not see a
representative?
·
Try
to communicate with their staff (receptionists, medical secretaries, practice
nurses, etc.)
·
Send
him product information and literature through e-mail
·
Drop
literature regarding product to their clinics
·
Invite
him to speaker meetings and see him at CME meetings
14) What do you prefer a long or short sales cycles?
Depending on the
situation I would prefer which cycle to opt for, usually a long sales cycle as
it gives enough time to know the physician and can spend time educating him
about the benefits and uses of the product. However, if the physician is
well-informed about the product, then short sales cycles would be more
preferable.
15) Explain as a medical representative what is your selling
style to the physician?
·
Be
clear and precise about your product
·
Use
Pictures, Illustrations and Drawing and if possible use PowerPoint Presentation
to show product
·
Support
your argument with evidence like case studies or clinical trial results
·
Every
drug has advantages and disadvantages- do not hide any information about
product
·
Maintain
constant communication with the physician
·
Build
relationship with physician and staff
16) Explain what is your pre-call planning to a chemist?
·
When
did the distributor deliver the last order to the chemist
·
What
is the distributor frequency of visit
·
What
category of your drugs is the prime focus of his purchase and in what
quantities
·
Would
you like to inform the pharmacy staff about a new drug launch
·
Do
you have any question about generic substitutions
17) Explain how should a sales call of a representative
should end?
A sales call of
a med representative does not end like that or normal sales call. Instead it
sounds like offering an option like
·
Trial
usage
·
Repeat
prescription
·
Continued
usage
·
Extended
usage
·
Expanded
usage
Once the client
or physician identifies it requirement, it will choose one of this option.
18) Explain what is meaning of Marketing Mix?
Marketing mix
refers to the set of actions, tactics which a company uses to promote its
product or brand is referred as Marketing Mix.
19) Explain what is the role of a Product Manager?
The role of a
Product Manager is
·
Market
Analysis
·
Segment
Analysis
·
Competitor
Analysis
·
Qualitative
and Quantitative research
·
Planning
and Preparing the marketing mix
·
Delivering
the marketing mix
20) Explain what do you find most re-warding about being a
med representative?
The most
re-warding about being med sales representative is satisfaction of helping
patients and becoming a medium of providing them a lifesaving medication. Apart
from that you help physician to make the right decision about the product and
nevertheless you get an opportunity to see many people throughout the day.