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  • Just Other Articles - Deliver An Elevator Speech That Grabs Attention and Has Them Begging For More

    An elevator speech is a short verbal snippet that clearly and memorably introduces you. It highlights your uniqueness and focuses on the b
    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
    enefits you provide.

    Imagine ... you step onto an elevator and there is a lone occupant waiting to travel with you to another floor.

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

    Examples of combination products may in
    are together for less than a minute, but long enough to make polite conversation.

    What you don't know is this person is your ideal client.
    lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

    She has a problem you can solve.

    She cuts through the awkward silence and says, "I see you're attending the networking event as well. Wha
    here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    t do you do?"

    Here it is! Your chance to make an impression and secure a new client.

    After a short stammer, you answer with, "I'm a coac
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    and a copywriter. I hold a Masters in Business Administration and have been running my own home-based business for ten years."

    With only
    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
    a few seconds left, the elevator doors open. She politely responds with a smile, then steps off the elevator, gone ... forever.

    After you
    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
    finish banging your head against the button panel, you realize you not only blew it, but you now have an indentation of the twenty-first fl
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    oor button on your forehead.

    What if instead you had answered with:

    "I help women entrepreneurs get more clients than they know what to d
    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
    with and triple their profits in six months."

    If she were your target client, do you think the second response would have sparked her int
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    erest and kept her on that elevator a little bit longer?

    We all ask ourselves, "What's in it for me?" when engaged in any type of communic
    ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

    Following aspects would a
    ation, whether written or spoken.

    You want to take something of value from a conversation, learn something new, create a certain feeling,
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    r receive information that will help you solve a problem or meet a need.

    If you spend the first 30 seconds labeling yourself and listing y
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    our credentials, or going into a technical spiel of your product or service, you will be met with nothing more than a big fat yawn, a glaze
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    -over look or even worse, "Excuse me, I have to make a call" and a quick exit.

    Take the time to develop a benefit-rich, passionate elevato
    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
    r speech that will engage your listeners to want to hear more.

    Write down a list of benefits your clients/customers receive from working w
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    th you or buying from you, and use those words and phrases in your benefit statement.

    There's no need to label yourself. Labels don't prov
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    ide the benefits the listener is looking for.

    Once you have your elevator speech developed, practice it over and over until it's as natura
    .

    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
    as stating your name. You'll be able to use it at networking events, in telephone conversation, when leaving voice mail messages, in any
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    type of written communication, and yes, especially in the elevator!

    So, ____________, what do you do?

    2006 © Laurie Hayes - The HBB Sourc


    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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