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Everyone and their brother have things lying around that they no longer have a use for. Many o

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

f these things have great value to others. Even though many people know that eBay is there, th

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

Examples of combination products may in

y do not know how it works or they just do not feel like messing with it, this is where you co

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

me in.

We all love to have a little extra money and when we are told that we do not have to d

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

anything for it, it’s even better. That is why this technique is so profitable. The great thi

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

Combination pro

g about it is that there is nothing scandalous about it. You can even offer this service to f

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

riends and family. This type of marketing is often called ‘soft marketing’.

So what am I talk

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

ng about? As long as you know how to put up goods for auction on eBay, you can sell other peop

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

es stuff for them. You will of course charge a certain percentage per sale. It is actually ext

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

remely easy to pull off. You do not have to pay for advertising or do any other kind of stress

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

ul marketing. All you have to do is ask people.

It will eventually turn into ‘viral marketing

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

Following aspects would a

. This type of marketing is when one person tells their friends, their friends tell their frie

dd to the challenges in developing combination products:

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

nds and so on. “Hey, John sold my boat for me on eBay and I got $2,000.00 out of it!” When peo

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

le hear statements like that, they want to give it a try as well.

As you have probably notice

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

, this is no mind-blowing secret that I have uncovered. It is actually something that thousand

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

s of people do everyday. The great part about making money on eBay by selling others people st

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

Professional from academic institutions, pharmaceutical industries, health care indust

ff is that it does not matter how many people do it, it will always be profitable.

There is n

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

reason not to do this. The cost is very limited when compared to the profit potential. A few

.

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

roles of packing tape and some boxes and you are in business. Just get the word out that you c

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

Companies that provide selfless information through particip

n sell other peoples stuff on eBay and you will be amazed as to how many people are interested

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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I read an amazing statistic in an article written by the Canadian Management Centre. “The average company loses half their customers in 5 years and half their employees in 4 years?. This has significant impact to overall customer, employee, investor and supplier loyalty.” Wow! Think about that statistic. 100% customer turnover in 5 years and 100% employee turn over in 4 years. Management at all levels must understand the changing role and importance of front-line customer service operations to achieve the core mission of the business, i.e., customer retention, customer acquisition, customer satisfaction, employee retention and increased profitability.

Do you believe that perception is reality? If not, think again... especially if you're an entrepreneur, business owner or employee in today's marketplace. Misunderstanding this could cost you your business...

Outsourcing work can be used by small business owners to help them advance their companies quicker. When it comes to the term 'outsourcing' many people envision large corporations sending jobs overseas, well there are many resources for the small business owner to take advantage of as well.

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