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To my opinion these are some of the types of Joint Venture that you could carry out:

1. Creating of products or services

You can approach others to create

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

a product. This can be only one other person or a group of people.

In my ZOOM project I approached more than 50 Internet marketers to create an ebook. Of

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

Examples of combination products may in

ourse I have to take the initiative to get it organized and co-ordinate with all the JV partners.

You can also create a JV with one other person to create

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

a product. There are many such joint ventures on the Internet. At the time of writing I am creating one such Joint Venture. I will be creating a membership

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

ite on Internet marketing. I will do the compiling of information and my JV partner will create the software for the project.

2. Pooling Of Resources

Ever

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

Combination pro

one of us has our strength and weakness. We can combine our strength to create and promote a product or service. I am in the process of creating a JV with

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

an Internet marketer who is a programmer. He has created an excellent product, but is not able to reach a big market. I agreed to assist with the promotion

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

ince getting traffic and JV partner is my strength. This will be a 50/50 joint venture.

3. Trading Endorsements

You may have a great product but without p

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

roper exposure and endorsements your launch will not be a big success.

You can create a JV to exchange endorsements and promotions with other Internet mark

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

ters. You assist in endorsing and promoting their products and they in return will do the same for you. In fact most of the successful product launches are

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

ue to this.

Many Internet marketers are now forming Alliances among themselves. Alone you can do very little, but together we can do big things.

My advice

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

Following aspects would a

is that you start the process by endorsing and promoting for others first. Most will reciprocate!

4. Exchanging Testimonials

Getting testimonials for you

dd to the challenges in developing combination products:

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

product and web site is important. This was how I started getting my JV partners.

Putting testimonials on your website will provide you with credibility.

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

To the person who provides the testimonial it will provide him with free exposure and traffic. Therefore there is no reason for an Internet marketer to turn

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

you down when you request for testimonials for your product.

I have personally given hundreds of testimonials to others and many of my web sites are receiv

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

ng free exposure and traffic. I also get good search engine ranking because of the back links.

5. Exchanging Banners

You can exchange banners with other w

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

Professional from academic institutions, pharmaceutical industries, health care indust

eb site. This is also a joint venture as it will benefit both parties.

6. Exchange of Ezine Ads

If you manage an ezine you can approach other publishers t

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

exchange ezine ads with them. This could be short classified ads on a long term basis or Solo ads on a case to case basis.

These are some of the ways you

.

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

can create joint ventures. There may be other ways suitable to your types of products or services. Just be creative and try them out!

7. Link Exchange

Exc

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

Companies that provide selfless information through particip

anging links with other theme related sites can boost your search engine rankings. This is also a simple form of joint venture that can benefit both parties

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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