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You can make money, a lot of money with wholesale watches. You can even create a business around it. As a matter of fact that, if you are thinking of any kind of w

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

atch business you’ll need to buy them at wholesale watches, so you will be in the “Wholesale Watch Business”.

Now, let’s talk about how you can Make Money with Whol

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

Examples of combination products may in

sale Watches. You can make money around different types of watches at different prices depending on what you like and what you can buy. Maybe you like high end wat

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

hes and you have a supplier, maybe you prefer to sell high quantities of inexpensive watches that you buy for around $2. It’s all up to you and the type of business

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

you want.

There are even many ways to sell those watches. You can sell them to stores, to other wholesalers or distributors and you can also sell them directly to t

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

Combination pro

e end user.

I’ve sold watches in different ways at different parts of my life. The first time I sold watches I was about 20 years old. I got a small lot of watche

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

s at a good price and I sold them to a very small watch repair shop in San Diego, California. I only had a handful of watches and I doubled my money. Now, I did no

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

really like walking form one business to the next offering low end watches so the next time I stumbled into some watches I did it differently.

A few years ago I ha

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

a distribution business with several salespeople. My salespeople serviced convenience stores with novelties and I had the idea of selling watches to those accounts

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

I went to a big trade show in Las Vegas and purchased a few cases of watches.

My salespeople went to the stores and offered those watches to the accounts and, suc

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

ess. There where an easy sell even when selling them to gas stations and liquor stores. There where very inexpensive watches but I managed to double or triple my m

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

Following aspects would a

oney with every sell by still leaving enough money so the retailer could do the same.

These are just two ways I sold watches, you can use many other ways, let me gi

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

e you a final example of how I sold watches on eBay.

I noticed that the same watches I was selling to my retail store customers where selling on eBay at “wholesale

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

rices”. Only there were not really wholesale prices, they were expensive. I decided to start selling my watches on eBay at through wholesale prices and in bulk. My

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

ustomers where retail stores, wholesalers, other people selling on eBay. I also got many customers that used the watches as giveaways or promotions.

Now, how much

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

id I sell? About $20,000 per month. Yes, this may sound like a lot of money but I think watches can sell much more. I sold low priced Chinese Made watches for abo

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

ut $3 each, most of the time I sold a few case of 30 or 40 watches.

There are many ways you can sell watches and many ways to make money with them. There are many

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

ays of selling watches of any price range. You could sell them from home to friends and family, to retail stores, on the internet, by mail order, and many others.

.

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

ow you decide to start selling watches will depend on your personality, your time and your investment. If you want to start selling Rolexes or Omega watches you’ll

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

eed more than a couple of hundred bucks. On the other hand if you are selling low cost watches a couple of hundred bucks is all you need.

Copyright 2006 Jorge Olso

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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