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So you've decided to take the plunge into e-commerce. If you don't already have a business, you may not be sure what kind of business to start. So how do you decide 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

hat to sell online?

My personal recommendation is to find something relatively small that can have a decent mark-up that doesn't have a huge online presence already.

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

Examples of combination products may in

A good suggestion is to find something manufactured locally by someone that doesn't currently have a website. You might start out by buying a few of their items and s

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

eing what you can get for them on eBay.

If you don't make enough off the item, then start looking again for something to sell. On the other hand, if you get a decent

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

profit off the item, then you should see if you can buy in bulk from the person who makes the item.

A good place to start looking is at local craft fairs. If you're

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

Combination pro

wanting to go this route with your online business, don't wait! Check the paper, the phone book and the internet. Find out where some local craft fairs and expos are.

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

Go this weekend and see what they have. Set a budget of, say, $50 or $100. Buy several different things that interest you that you think you might be able to sell onl

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

ine and throw them up on eBay.

Worst case, you'll waste a couple of hours and a little money. Best case, you'll hit the jackpot and find something great to sell onli

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

e.

If, instead, you are looking for something to sell where you don't have to keep any inventory in stock, affiliate programs and drop-shipping programs would be 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

way to go.

Affiliate programs work best when paired with an informational website on the same topic. For example, if you are wanting to join, say, Amazon.com's affil

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

ate program and sell DVDs, you might first start a website with DVD reviews. Make the reviews unusual in some way. Perhaps a husband and wife reviewing team. Or maybe

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

Following aspects would a

you give every DVD a scathing review, whether you liked it or not. The sky's the limit, but you'll need some sort of way to make your site different from all the res

dd to the challenges in developing combination products:

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

.

While setting up that site, incorporate links to each product you review on Amazon.com. You can also set up a search box so that visitors to your site can easily s

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

arch Amazon, and you'll get the commission for anything they buy.

With drop-shipping, the key is to do business (and create your website) as if all the products come

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

directly from you. I'm not talking about deceiving customers. I'm talking more about a customer service angle. Even though the product doesn't come from you, your we

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

site and customer service should be set up so that you fully support the product. Sure, you will likely have to contact the drop-shipper if there's any real issues, b

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

Professional from academic institutions, pharmaceutical industries, health care indust

t your customer shouldn't have to worry about that part. You're there to run interference.

The nice thing about any e-commerce site is they are relatively inexpensiv

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

e to start. When you start one, give it at least six months or so to see how it does. If you don't like the direction it's going, or you aren't making enough money, y

.

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

u can cut your losses and start a new store for not too much more. And you will have (hopefully) learned from your experience.

Or, you could set up one type of store

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

Companies that provide selfless information through particip

one month. Once your first store is up and going, try another type. While you shouldn't stretch yourself too thin early on, multiple stores can create a decent income

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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In modern corporations mostly due to the DotCom era, when corporations were seeing investors move to faster moving companies; we saw a paradigm shift in Corporate Management. Tom Peters and others saw this and started writing about it. These corporate management gurus were trying to tell us all along what Deming and others had noticed.

It is very important for an enterprise to be adequately staffed. Systematic steps have to be taken to ensure that the right types of persons are available to the concern in right numbers. This process is called recruiting and it takes time and attention to find out persons who are not merely willing to work but are also suitable for the positions lying vacant. It goes without saying that the management should, to begin with, attempt to make an estimate of the requirements of individuals required in the different departments.

People love shopping on eBay, especially collectors. There, you can find just about anything you collect including items you can't find anywhere else. There are tips you can use to make buying your collectibles there easier and more affordable.

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