This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
When I first started working as a pharmaceutical sales representative, I didn't fully understand the importance of productknowledge and accurate information. As a pharmaceutical sales representative, I have received extensive training on the products I represent.
But the truth is, without a deep understanding of your product or service, all the sales skills in the world won't help you close the deal. First and foremost, understanding your product or service allows you to better communicate its value to potential customers.
For pharma companies, an incentive can mean higher sales and a more motivated sales force. Typically decision makers take into consideration several metrics to calculate the compensation, like general sales against the target, productknowledge followed by the subjective judgment of sales managers, product mix and strike rate.
Pharma advertising isn’t just about promoting products—it’s about reaching patients, caregivers, and healthcare professionals with valuable, meaningful information. For pharma marketing executives, creating campaigns that prioritize patient empowerment and productknowledge is crucial.
Enhanced Training and Onboarding: Showpad’s interactive training tools are designed to boost productknowledge and ensure compliance. These tools provide a dynamic learning environment, enabling sales representatives to grasp complex pharmaceutical products and adhere to industry regulations easily.
It's the secret sauce to thriving in the pharma industry. From cutting-edge training techniques that break the mold, to the latest industry trends making waves, and the career development hacks every pharma rep should know – we've got it all covered. Back then, it was all about personal charm and extensive productknowledge.
Unveiling the Role of a Pharma Sales Rep Pharmaceutical sales representatives (PSRs) play a pivotal role in driving sales for their company’s pharmaceutical products. Why Choose Pharma Sales? Master the art of persuasive presentations, backed by in-depth productknowledge and market insights. Their mission?
Today, we're going to talk about a critical element in your future career: pharma sales internal training. Understanding the Pharma Sales Industry First things first. Why Internal Training Matters Companies in the pharmaceutical industry typically provide extensive pharma sales internal training for their reps. Let's dive in.
Sales coaching has remained relatively the same for the past few decades, with promising technologies like AI still considered alternative to some pharma sales organizations. To put it bluntly, it’s harder than ever for reps to sell or for pharmas to remain profitable. What’s driving the need for a sales coaching revolution?
Inside Sales Vs. Outside Sales: How They Can Work Together For Pharma July 1, 2022. When you add inside sales to your existing outside sales team, you can really boost the amount of success your pharma sales team has. This can result in exponential growth for your product. Which Of The Two Should The Pharma Industry Use?
As you probably already know, effective pharma sales internal training is a pivotal factor in the success of any pharmaceutical sales team. Understanding the Pharma Sales Landscape Sales in the pharmaceutical industry is a unique beast. It's not just about persuading customers to buy a product.
Companies often provide **comprehensive training** to equip new hires with the necessary productknowledge. What matters most is your ability to communicate effectively with healthcare professionals (HCPs) and build trust.
You can expect several weeks of intensive onboarding, covering everything from productknowledge to compliance and advanced selling techniques. Extensive Training Programs Are Provided Unlike local companies, MNCs often invest heavily in their employees through structured training programs.
My Experience on the Ground As someone who’s worked in pharma sales, I’ve seen how much influence reps have in underserved areas. Navigating the Complexities of Rural Healthcare Underserved regions come with unique challenges that require more than just productknowledge.
Back then, training was heavily focused on productknowledge. For those of us in ethical pharma, it wasn't just about promoting a medication; it was about educating healthcare providers on the extensive research and innovation that went into developing our products.
Reaching Sales Targets in the Pharma Industry To reach your sales targets in the pharmaceutical industry, you need to be organized, focused, and proactive. Achieving your target necessitates a combination of advanced selling skills, robust productknowledge, and a solid understanding of your target market.
What I mean by that is you have to be confident with your product to have success in this space. You have surgeons that are going to depend on you for productknowledge. It’s one thing to know the productknowledge. You sink them back in there with productknowledge. It was biologic pharma.
You have to be able to speak about your product in a certain way so the outcomes are very serious, but what happens is that when people come into sales and believe that selling is talking about their product, and we give them information, it emboldens their belief system that they want to talk more about their product.
Definition and Role A pharmaceutical sales representative , colloquially known as a pharma rep, is a professional who markets and promotes prescription drugs to medical providers.
Pharmaceutical Sales refers to selling prescription and over-the-counter (OTC) medications, medical devices, and other healthcare products to healthcare professionals, or medical providers such as doctors, pharmacists, and hospitals. Do you have to know how to get into pharmaceutical or pharma sales reps?
Samuel Adeyinka sits down with Aaron Kopfinger , who shares his remarkable journey from pharma to a thriving career in medical device sales. I was working in pharma, a pretty small company selling cough cold allergy medicine, and then made the transition. What type of product were you selling? I got into the pharma space.
A global head of sales at a pharma company recently told me that “only 15% of our sales calls end in a positive outcome.”. Why is success in pharma sales so hard? Pharma has always been highly restrictive in terms of the different tools you can use to engage, educate and inform about prescription medicines.
Pharmaceutical representatives (pharma reps) are facing new challenges as a result of these transformations that have drastically altered the pharmaceutical sales landscape. Essential Competencies in Pharmaceutical Sales First, let’s review the competencies of a successful sales rep in pharma.
Eh, you know lah, selling medicine here isn't like anywhere else," says Amir, a veteran pharma rep, as he expertly pulls a stream of tea between two cups. As a pharma rep, you need to be able to switch gears faster than a Myvi weaving through KL traffic. We talked about family, food, even his daughter's upcoming wedding.
We organize all of the trending information in your field so you don't have to. Join 8,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content