Advice You - Business

Keep in mind when you are looking at the auction prices on Ebay and do not be led to believe that the low prices you see in the auction are what these products are being sold for. What Ebay does not tell you is

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

that the auction price you see is the highest bid price, not the actual selling price. This means that if the sellers "Reserve Price" is not reached at the end of the auction then the sale will not go through. A

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

Examples of combination products may in

reserve price is the lowest price that the ebay auction seller is willing to accept for the item that place on auction. If the highest bid is lower then that item is not sold, buy Ebay still charges you for the i

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

em that was placed on auction. The true fact is that more than 50% of the Ebay auctions never sell a product because the buyer has a set reserve price that must be reached by a bidder. Ebay never reveals the sel

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

er's reserve price so you never know exactly what the buyer really wants for the item unless you see a BUY IT Now button there.

The only way to know if a certain item on auction will be sold for the price you se

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

Combination pro

on the auction is to look at the bid information at the top next to the item picture; if you see the words 'No Reserve' then the seller will let this item go for whatever the top bid price will be at the end of

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

hat auction.

If you do not see the words 'No Reserve' in that area then there is a reserve price for that item in auction and if the highest bid does not match that reserve price then the that item will not be s

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

ld. Those who place items for auction with a "no reserve" price are those who sell stuff from their home or just want to get rid of something at any price that they can.

Look at the reasoning of this, if you can

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

buy 100 Ipod Nanos for $130 each on Ebay then why bother to go to a wholesaler? Everyone would just buy wholesale on Ebay. The true fact is the manufacturers control the prices of the electronics so you will not

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

find a legit electronics wholesaler that can offer dirt cheap prices on electronics. Almost all of the wholesalers prices will be about the same.

The same applies with the AF1 shoes. In order to be able to sell

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

uthentic AF1 shoes for $25 a pair you would have to buy at least 5 container loads of them at one time at a tremendous cost.

Do not believe that the Ebay listed prices are what the products are actually selling

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

Following aspects would a

or because if the product being sold is new then there will be a reserve price set forth by the seller. If the item is used then there may not be a reserve price because the seller just wants to sell it for whate

dd to the challenges in developing combination products:

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

er they can get.

This is the reason that on our websites I do not place any emphasis on selling these products on Ebay, because most people cannot make a profit unless they buy the goods in large quantities for

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

esale. People that shop Ebay are looking for a deal, this means that they expect to pay less for the same item you would buy in the store.

The big powersellers guys that sell on Ebay will buy the electronics or

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

ike shoes in very large bulk quantities then place each item on Ebay, or in the Ebay store. They have more control over the set prices and the shipping process because the products are shipped direct from that Eb

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

y power seller rather than a third-party dropshipper.

You can can do much better when you sell your products on several wholesale trade marketplaces such as:
http://www.alibaba.com
http://www.ecrobot.c

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

Professional from academic institutions, pharmaceutical industries, health care indust

m
http://www.offer21.com
http://www.ec21.com
http://www.fuzing.com
http://www.bizviet.net
http://www.ecplaza.com
http://www.tradekey.com
http://www.ec51.com

All are free to set

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

up an account and to list your products for sale. This is where buyers go to find legit suppliers. When you get your product list together and start accepting Paypal and credit cards then you will get many new bu

.

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

ers because people are tired of sending their money by bank wire and Western Union to those overseas companies. Every day they have 1,000's of new buyer leads so this is where you go to find serious buyers. I h

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

Companies that provide selfless information through particip

ve make a ton of money from these trade marketplaces and still do a regular string of visitors to my websites. This has done 100 times better for us than the major search engines in brining traffic to our website

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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