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I have been playing the money game for the last 25 years. First, as an investment banker and venture capitalist, then as a high-tech entrepreneur. Three years ago I decided to quit the corporate world

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

and start building ‘micro businesses’.

(Micro businesses are those that exist inside of computers and live on the Internet. When micro businesses are automated, they can become ‘money machines’ withou

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

the need for employees.)

To get started quickly and avoid the long learning curves and potholes most people fall into, I spent tens of thousands of dollars on Internet education and mentoring. My men

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

tors were Alex Mandossian and Armand Morin, two very successful and wonderful infopreneurs. It was from them I learned the INSIDER SECRETS.

INSIDER SECRET

Making money comes from sup

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

lying a product or service to others in exchange for their money.

When going online to make money, the would-be entrepreneur has the choice of selling physical products OR digital information products

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

Physical products are tangible things like; cars, golf clubs, shoes, etc. Information products are things like books, newsletters, software, music, movies, courses, etc., where the value is in the inf

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

ormation they contain, not in the tangible elements.

Physical products need to be manufactured, inventoried, and shipped. Selling physical products online requires not only getting orders online, but

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

urchasing and physically handling the merchandise after the sale is made. Physical products must be shipped by UPS or FedEx to the consumer. For people just learning to build online businesses, purchas

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

ing and handling physical products requires more money, more staff and more effort than many people expect.

Information products, on the other hand, are ideal for the new online entrepreneur because t

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

e information, or content, can be converted into a digital form. When the information is in a digital form, it can be manufactured and inventoried in computers. Even better, it can be sent, or delivere

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

, to the end user, over the Internet for only a few pennies. And best of all, information products have very HIGH profit margins because there’s no physical product to make or ship.

EXAMPLE
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a
trong>

Let’s look at an example of the difference between a physical and an informational product from the online perspective.

Assume that you had just written a book and that you found a publisher t
dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod
print, ship and sell your book in the physical world. Let’s further assume that you’d receive a 10% royalty on each book produced and sold by the publisher for $25, or $2.50 each. If the publisher sol
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
d 25,000 copies, your income would be $62,500 ($2.50 x 25,000 = $62,500).

Now let’s assume we convert your book into a digital book, commonly known as an eBook, and that you sell the same number of co
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
ies (25,000) over the Internet for the same $25 price. Since the books cost zero to manufacture and distribute (the computer makes copies and Internet delivers them to the consumer’s home PC) you have
t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
o costs expect creating it and your advertising expenses. So if you sell the same 25,000 copies at $25 each, your income is now $625,000, less any advertising expense. Assume you spent $100,000 on PPC
ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust
ads, your income is now $525,000 instead of $62,500, or EIGHT TIMES MORE than a physical product.

BENEFITS OF INFO PRODUCTS

There are four major reasons digital information products
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
re the best products to build an online business around.

1) Digital info products do not require costly manufacturing, warehousing, or shipping.

2) Digital info products have very high profit mar
.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
gins, up to 95%.

3) Digital info products can be sold over and over at no additional cost.

4) The selling, duplication and shipping of digital info products, over the Internet, can be automat
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip
d so as to not require any employees, thereby creating a ‘money machine.’

For more information please visit www.SimpleMoneyMachines.com

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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