Just Other Articles - Internet and Businesses Online

Making money online requires four components; (1) a product or service to sell, (2) setting up and operating the online technologies required (hosting, webservers, high-speed Internet access

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

, websites, etc.), (3) driving traffic and prospects to your sites and (4) converting that traffic into customers and money.

There are millions of products you can sell to make

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

Examples of combination products may in

money.

They fall into two general categories; ONE, physical products (tangible things like golf clubs, tools or automobiles) and TWO, informational products (ebooks, newslet

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

ters, reports, information services, music, videos, etc.).

A physical product requires manufacturing, warehousing and shipping; all steps that require facilities, equipment and many people.

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

Creating, printing, storing and shipping physical book requires considerable expense and manual labor. The manufactured cost and delivery of a physical book is about $20.

On the other hand,

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

Combination pro

the information in that same book can be converted into a digital form (or file) and then stored on a computer and delivered to a customers over the Internet. Once in digital form, all fun

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

ctions like manufacturing, warehousing and shipping can all be handled by computers, making those functions very cheap and easy to automate. The cost to manufacture, warehouse, and ship an e

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

Book is only a few pennies.

So the first rule of making money online is to focus on selling informational products that can be digitized, sold and shipped over the Internet.

However, selli

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

g informational products online requires a technology infrastructure. This technology must be able to store, present, sell, collect for, track, and ship the product.

As an online entrepren

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

eur, you have two choices regarding how you will set up and manage the required technologies. You can either hire an experienced webmaster to set up and manage the required technologies OR

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

you can do it yourself.

Since most people can not afford a webmaster, or don’t know where or what to look for, they attempt to learn and set up the technologies themselves. A recent study

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

Following aspects would a

found that of those who attempt to do it themselves, over 90% fail. Why?

Because the technologies are too complex and difficult to learn.

This difficulty creates the TECHNOLOG

dd to the challenges in developing combination products:

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

TRAP.

Since YOU NEED THE TECHNOLOGIES to be set up and working BEFORE you can start making any money… and since hiring a professional is expensive, then you are forced to le

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

arn the technologies yourself. But as we saw with the large number of failures, that too is very risky strategy.

To avoid the technology trap you need a complete online business engine tha

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

t includes: hosting, automated URL registration, a configuration manager, headline generator, web page audio, email autoresponder, traffic tracking, split-testing and dashboards; all in one,

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

easy-to-use, hosted application. This business engine should enable a non-technical person to set up a web-business (not just the website) in less than 30 minutes without hiring a webmaste

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

Professional from academic institutions, pharmaceutical industries, health care indust

.

More importantly, this web business engine should include the traffic and conversion tools required to easily and quickly improve the conversion (the percentage of people who purchase) on

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

a continuous basis.

As Alex Mandossian, one of the most successful online marketers said, “You need to spend less than 10% of your time on technology, so you can spend at least 90% of your

.

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

time getting traffic and converting it into customers. That’s where the money is, not in learning technologies.”

This means your technologies must be simple, integrated and automated. On

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

Companies that provide selfless information through particip

ly than can you focus on traffic, conversion and making money.

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

Ever wonder what happened to the people you saw in cabooses? Here is what they do for a living.

Do you like to keep all your paperwork in one place? Then why not sort out all your paperwork and place it in different vinyl binders? Put the vinyl binders in categories and that’s it, job done.

Using voice mail effectively can incresse your sales. Use these simple techniques to get better results.

Tags

Links

Just Other Articles - Simple Technology is the Key to Online Wealth

Related Articles: