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The idea of fire branding customers comes from my grand daughter, Taylor. She applied a tattoo to her shoulder and was pleased as she

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

displayed a small peace symbol about the size of a peanut. Each time I looked at her shoulder, I was reminded of the little symbol an

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

Examples of combination products may in

d what it meant. It made me think about how great it would be to fire brand customers with my business name. I thought of countless wa

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 of placing my logo around the world to spread the right image.

I realized that several companies are fire branding their image ever

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

yday. All I have to do is see a red and blue swirl and Pepsi comes to mind. A few yellow arches and hamburgers with fries make me hung

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

Combination pro

y. A consistent image is what makes this work for them.

Turning Drab to Fabulous
Having a consistent image creates an imp

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

act with customers. Later this month I will be attending a few conventions where my image and my booth must create an impression. I wi

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

ll fire brand my image from the shirts I will be wearing to the consistent stationary and sales collateral on display. My sales video

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

as been reworked to link my logo to an image of myself as I promote my sales management consulting business.

Creating brand awareness

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

is the dream of every marketing executive. Consistent branding is the only way to make this work. A logo is the customer link to your

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

business and yourself as a salesperson. The more consistent you are with it, the stronger your brand becomes.

One company that can he

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

Following aspects would a

lp create a fire branding impact is Letter Click. The Letter Click Company is an Email Services Provider (ESP) that brands your email

dd to the challenges in developing combination products:

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

consistently. If you want to try out their service, give them a try for 30 days. I’m sure you will be pleased with the results. I have

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

been using their service for a few months and recommend them.

Talk the Talk Consistently
The fire branding idea also remi

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

nded me of how important it is to have a consistent message about what we offer to our customers. Taylor asked me what I did for a liv

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. Although I normally have the right answer, I struggled with the question. The 30 second sales script didn’t flow like it should, t

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

Professional from academic institutions, pharmaceutical industries, health care indust

his challenged me to rediscover the right words and develop a consistent talk track.

If a friend asked you what you do, can you answe

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

r the question consistently? Now I can say, “I teach businesses how to develop their business relationships more effectively with prov

.

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

n sales actions. My sales process and sales management strategies increase sales and profits through systems that are easy to implemen

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

Companies that provide selfless information through particip

t and guarantees results. Is your business interested in increasing sales?” You might notice that I finished my answer with a question

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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People want to read about other people. People who want to be more successful often learn from their contemporaries who are already successful. And truly successful people want to share their vision, to help others take advantage of what they had to learn the hard way.

Free small business accounting software primarily focuses on assets. Assets may be described as valuable resources owned by a business, which were acquired at a measurable money cost. As an economic resource, they satisfy three requirements. In the first place, the resource must be valuable. A resource is valuable if it is cash/ convertible into cash; or it can provide future benefits to the operations of the firm. Secondly, the resource must be owned. Mere possession or control of a resource would not constitute an asset; it must be owned in the legal sense of the term. Finally, the resource must be acquired at a measurable money cost. In cases in which an asset is not acquired for cash or a promise to pay cash, the question is what it would have cost had cash been paid for it.

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