Advice You - Business

Youth sports fundraisers can be painful for parents, so here are some easy baseball fundraiser ideas. Most Little League teams need to raise funds to cover expenses such as field

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

maintenance, uniforms, umpires, etc. The money raised by selling advertising space at the ball fields and by doing the portrait fund raiser only goes so far.

So what are some e

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

Examples of combination products may in

asy Little League fundraisers and what can you do to maximize the funds raised? Let's take a look at traditional candy sales, discount cards, and some event ideas.

Candy sales

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

r> Just about every youth sports team on the planet has done a candy sale at some point, but did you know that there are three simple things you can do to double or triple your

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?

The first is using a simple two-sentence sales script that tells why you are raising funds, asks for their 'help', and uses the word 'because' which is a powerful subcon

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

Combination pro

cious trigger word.

Trust me, it works like a charm. Here's what to say:

'I'm Jimmy Jones and we're raising funds for new Little League uniforms. Can you help us out because ou

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

r old uniforms are pretty worn out.'

The second profit booster is location, location, location. You want to reach as many prospective customers as possible with the least amount

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

of effort, so you have to go where the customers are already buying things.

That means setting up a sales table outside high-traffic retail locations such as grocery stores, ho

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

me improvement stores, outdoor shopping malls, etc. You can make literally hundreds of sales an hour with eight tables spread out over a couple of shopping centers.

Get permissi

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

on from the store manager ahead of time and setup your tables with large signs on the wall behind you and hanging from the front of your table. Let the signs prep your prospects

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

y stating the purpose of your fundraiser (new uniforms, new field) and the price ($2 each or three for $5, etc.).

The third profit booster is offering an alternate product for t

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

Following aspects would a

hose who don't want to buy candy. A fundraising discount card makes a great choice because they offer great deals on popular foods.

Fundraising discount cards Discount cards ge

dd to the challenges in developing combination products:

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

nerally offer two-for-one deals at fast food places like pizza chains, Subway, Burger King, etc. They cost about $2 in quantity and retail for $10.

Obviously, you can make a lot

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

more money selling a discount card than a candy bar. The key selling point is that they get their money back the first time they use the card.

They appeal to families because t

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

hey offer such a great bargain on something they are going to buy anyway. Be sure to mention any limitations on the card such as specified location only or one free pizza per vis

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

t.

Event ideas
Another great way to raise funds is with simple events that have a lot of fund raising activities built into them. For a baseball fundraiser, you could do an

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

Professional from academic institutions, pharmaceutical industries, health care indust

event around tryouts, picture day, championship game, or anything else that attracts a family crowd.

Offer food and beverages for sale, setup tables for silent auctions of dona

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

ted goods and services, rent an inflatable moonwalk for kids to jump in, do a bake sale, and any other activity that suits.

Players will love a chance to clock their throwing sp

.

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

eed with a radar gun, so set up backdrop with a strike zone on it and charge a $1 a toss. You could even award trophies for top speed by age group.

A parent-child baseball game

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

Companies that provide selfless information through particip

is another fun event you could schedule at season end to raise funds for next year. The possibilities for a baseball fundraiser are endless, so be creative and above all have fun

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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