Just Other Articles - Internet and Businesses Online

No matter how many times I see it happening, I’m
constantly amazed at the number of people who are
literally throwing money away by making incredibly
simple mista

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

kes when they sell items in an online
auction.

Over the last seven years, I’ve been making a great
living buying and selling products on eBay and other
online

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

Examples of combination products may in

auction sites, and I’ve perfected a technique
that pretty much guarantees anyone can start making a
profit right away. That technique starts with avoiding
mistake

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

s like these -- mistakes I’ve seen people make
every day for those same seven years.

If you’re doing any of these four things, you’re
leaving money on the table w

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

ith every single item you
sell.

* Listing an item at the wrong time. It’s a proven fact
more buyers browse Internet auction sites on Sunday
evenings than any o

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

Combination pro

ther time during the week. If your
auction is scheduled to end at any other time than
Sunday evenings (specifically between 9 p.m. and 11
p.m. Eastern time), you’

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

re not getting the maximum
exposure for your auction at a time when people are
most eager to buy.

* Not giving your photos the attention they deserve.
There ar

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

e two common mistakes people make with the
photos they use to entice buyers on eBay. One is not
having enough pictures to accompany your item’s
description. Over

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

the years, I’ve learned pictures of
your item are one of the most important components of
your sales page. (There are many reasons for this, but
I don’t have the

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

space to go into much detail here.)
Multiple pictures from various angles will ALWAYS help
you get higher bids for your products. The second
mistake is not making

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

sure the pictures are up and
running on whatever server you’re using BEFORE you list
your item. How many times have you been browsing an
auction site and seen a

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

Following aspects would a

blank box where a picture of
the item should have been? That’s a seller who’s losing
money because of a very simple, and very common,
oversight.

* Using "Las V

dd to the challenges in developing combination products:

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

egas style" listings. I’m sure you know
what I’m talking about here. A Las Vegas listing is one
that uses all kinds of flashing animation, multicolored
text and o

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

ther bells and whistles in an attempt to
entice bidders. In fact, it does just the opposite.
Listings like these are distracting, hard to read, and
will always di

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

scourage people from bidding, resulting
in a lower final sales price. The descriptions that you
give of your item on your sales page ARE NOT designed
to get a buy

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

er’s attention (you already have that if
they’ve clicked on your listing in the first place).
They should be designed to get someone to actually
place a bid.

*

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

Professional from academic institutions, pharmaceutical industries, health care indust

Using a reserve. Using a reserve to guarantee that
you’ll get a minimum price for an item will absolutely
kill your auction. Trust me, I’ve seen it happen too
ma

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

ny times to not accept this as a given. In fact, I
often use other seller’s auctions that have a reserve
as a way to pick up items at ridiculously low prices
that

.

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

I can sell "the right way" for a huge profit a few
days later -- but that’s a different article
altogether. For now, just realize that nothing scares
away potent

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

Companies that provide selfless information through particip

ial bidders better than seeing the "Reserve
Not Yet Met" tag. If you’re truly concerned about a
minimum price, simply set your starting price a little
higher.

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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When there is conflict at work, don't take it personally, but use a problem solving perspective to get to the job at hand.

I’ve found that most business owners like to ask virtually everyone they know about their marketing, advertising or design – they’ll ask their friends, family, colleagues, other graphic designers, and in some rare cases even the family pet. You’d be amazed at how often companies run their business like this – and it's a HUGE mistake. If you run your business this way don’t feel badly, but you've got to change things if you want to stay in business. I'll point you in the right direction with this article.

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