Advice You - Business

Not a week goes by when I am not approached by a non-profit organization and asked for a donation. Some charitable organizations do it with cold calling, some with selling candy. Some 501c

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

3s offer the most ridiculous items and they are instantly dismissed. Some have great ideas at a reasonable price. Some are WAY off in their thinking.

Below are the most recent charity fun

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

Examples of combination products may in

raising techniques that have come my way. Each non-profit fundraising technique includes the price it was offered to me at, the price I think is reasonable AND what goes through the mind wh

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

n I am being pitched with the technique (and some suggestions for nonprofits to increase their donation potential).

If you are a non-profit and you read this, please understand that I am a

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

ormal guy. I can also tell you that a lot of other people think like me.

1. Non-profit Scratch off cards
Price: $15 for one card
Reasonable Price: $15 for one card
Donor Th

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

Combination pro

ughts/Suggestions: Are the gifts exciting? Do I use these gifts regularly (I am a 25 year old male with no kids. Do not try to sell me a scratch off card with which I could win “Free trip

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

o the Zoo”. I will gladly buy lots of cards if I could win “a 1/2 priced Dinner at Joe’s” or “Buy 1 hour of tennis court time, get one half off”.)

2. Charity Scrip
Price: $20 for a $

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

5 Olive Garden Gift Certificate
Reasonable Price: $25 for a $25 Olive Garden Gift Certificate
Donor Thoughts/Suggestions: I go there once in a while. It’s a nice place. Once agai

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

, know your audience and try to match the gift certificate with the potential donor.

3. 501c3 Candles
Price: $18 for 2 candles
Reasonable Price: $10 for 2 candles
Donor Thoug

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

ts/Suggestions: Candles are nice. Candles appeal more around the holidays. Candles are great around the holidays when they come in scents that my grandmother would like and they are gift w

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

apped!

4. Non-profit Bricks
Price: $35 for a brick with my information on it
Reasonable Price: $50 for a brick with my information on it
Donor Thoughts/Suggestions: This is c

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

Following aspects would a

ool. My name (or company name) will be on a walkway at your non-profit forever. I am in! This is a cool idea! Just make sure I can fit all the information I want on the brick.

5. Charit

dd to the challenges in developing combination products:

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

Calendars
Price: $10 for one non-profit calendar
Reasonable Price: $0 for one non-profit calendar
Donor Thoughts/Suggestions: No. No. No. I use Microsoft Outlook. I never us

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

paper calendars. If I tell you I’m going to buy your calendar and put it up on my wall, you should interpret that as “I think my grandmother will love it” or “I’m throwing this away when y

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

u leave”.

6. 501c3 Chocolate
Price: $6 for one box of Godiva chocolate
Reasonable Price: $10 for one box of Godiva chocolate
Donor Thoughts/Suggestions: I like a little bit o

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

chocolate every once in a while. My girlfriend really likes chocolate. Ok, I’ll take some chocolate. 2 boxes please.

7. Charity Car Flags
Price: $4 for a your 501c3 car flag
R

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

Professional from academic institutions, pharmaceutical industries, health care indust

asonable Price: $0 for a your 501c3 car flag
Donor Thoughts/Suggestions: No way. It’s not going on my car.

8. Non-profit Child ID Program
Price: $25 for my kids ID, teeth imprint

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

and short video
Reasonable Price: $100 for my kids ID, teeth imprint and short video
Donor Thoughts/Suggestions: I don’t have a child but if I did I would do this. This is a good

.

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

hing, more parents should do this.

So there it is. Take notes. Listen to my suggestions and you will have a better offer for charity donors to consider. Along with these techniques you s

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

Companies that provide selfless information through particip

ould also be collecting donations on your website. Your non-profit website is available to the public 24/7 and should be collecting donations, memberships and selling tickets to your events

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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First I would like to say that I am pro-Federal Reserve, yet I also study a lot and follow many industries and have found fault with some of their beige book reports from what I have observed in the market place. Here is a 2003 observation on the discrepancies I noticed. I wish to comment on some of the data collection, which went into the South East Fed Beige book

Jo Han Mok Explains The Importance Of Bullets In all Sales Copy And How They Can Help Your Sales Copy To Perform Effectively.

People all over the world are looking for a typing legit data entry working from home job. This is because working from home is made out to be as if it is the ideal job for everyone. You get to sleep in, and work in your PJ’s whenever you want. Sure beats the commute in cold or bad weather, Right?

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Advice You - 8 Non-profit Fundraising Ideas - From a Donor's Perspective PART 1

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