Advice You - Business

When you think about it, getting people to join your MLM program has to do with just 2 things

1. Exposure

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

2. Sales

Let’s keep this simple.

Your goal in Network Marketing is NOT to make sure that you 500 bottles of wo

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

Examples of combination products may in

der juice sitting in your garage. Your goal is to get other people in your downline. The more people in your do

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

nline the more money you make. It’s as simple as that.

So...

The question now becomes: "How do we get people

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

in our downline?"

The answer comes down to doing 2 things

Part 1

Expose your business to as many people as pos

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

Combination pro

ible. Generally speaking (if we use the 80/20 rule), if you expose your business to 100 people then maybe 20 wil

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

express interest in your opportunity.

Part 2

Take the 20 who have expressed interest and then make a sales pre

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

sentation to them. If we're using the 80/20 rule again then 4 of them will actually join your business.

It goes

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

without saying that now those four who just joined your business must now do the process that you just did.

So r

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

ddle me this batman...

How do we automate this process?

There are many ways to Expose your business:
1. In

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

home meetings
2. Talking to friends and family
3. Placing classified ads
4. Handing our CD's or DV

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

Following aspects would a

D's to strangers on the street

But are any of these automated?

Likewise...there are many ways to "sell" someone

dd to the challenges in developing combination products:

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

on your business.

1. Take them to a live conference call
2. Make a personal sales presentation
3. 3-wa

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

them to your upline

But are any of these automated?

The reason I'm talking about automation is because as the

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

title of this article is: "Expose, Sell, and Repeat the Process"

But if the process is neither simple nor easy t

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

en it's not going to be very repeatable.

It comes down to asking yourself the right questions.

The question we

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

Professional from academic institutions, pharmaceutical industries, health care indust

hould be asking ourselves is:

"How do we make the processes of exposure and sales automated so that we can make

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

the duplication process as simple/easy as possible for people to accomplish?"

As I've stated in other articles I

.

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

ve written, Ease and Simplicity are two of the keys to success. Unfortunately, the higher ups in most MLM Compani

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

Companies that provide selfless information through particip

s don't seem to understand this little concept.

If they did, maybe the industry wouldn’t have a 97% failure rate

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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