Advice You - Business

The internet has revolutionized the world just like how the industrial age changed the way people work and co-exist. The world has become a much smaller place where anyone from anywhere around the world that has access to the internet can communicate with e

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

ach other, anytime.

So how does this affect the way we make money? The difference is like riding a bicycle to work and taking a cab there. Business can now have a global audience compared to how far word of mouth can take you. So let’s compare the differen

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

Examples of combination products may in

ces.

-Creating a network offline-

Like I mentioned earlier, offline business is how far word of mouth can take you. That can mean through your personal network or through advertising (TV, radio, mass media). But let’s assume you’re a person who doesn’t 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.

nt to invest so much in advertising through the mass media (it’s quite costly anyway) and want to create your own personal network. And let’s also assume that you want to create a huge business to bring in more money.

Through my networking experience, let

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

e tell you how it’s going to be. You will have your own list (how many depends on how many contacts you still have on you) and the chances that someone is going to even take a second look at what you’re doing would be one out of every 5. I did say just take

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

Combination pro

a second look. If you’re serious in what you’re doing, probably a handful of people would be as excited as you are doing what you’re doing out of every hundred people.

Let’s face it. The network marketing boom has come and gone a long time ago. People hav

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

e heard of network marketing opportunities, both the good and the bad. But since the industry has been out there for so long, more of the bad has been heard. “It’s a pyramid” “they’ll just keep taking money from you” “it won’t work” “I don’t know many peopl

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

e” “I don’t have time” “I’m not interested”. Do any of them sound vaguely familiar? People out there are fearful of new opportunities especially ones they’ve heard many things about.

Now let’s talk about the calls you have to make and how often you have to

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

make them. Basically, you need to pick up that phone and talk to EVERY SINGLE person on your list in order to get a few people into your organization. Hey don’t expect your family to be joining you in an instant. Fellow network marketers should understand w

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

hat I’m saying, yes? Calls you make means extra numbers behind the dollar sign on your phone bill, especially if you are going to use your mobile phone.

So what happens when your list runs out? You will either have to get more referrals or you get out ther

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

e and find more potential network marketers! That means you have to literally talk to strangers whether you like it or not. You can’t tell me that everyone out there would talk to complete strangers anytime and anywhere. I have met several people who absolu

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

Following aspects would a

tely WILL NOT talk to any strangers or make any cold calls. (At this point, I’d like to recommend a book written by Florence Litthauer entitled “Personality Plus”) So I guess network marketing is not for everyone.

-Creating a network online-

To create a n

dd to the challenges in developing combination products:

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

twork online, it would need four VERY IMPORTANT things. A computer, an internet connection, an email account and you. As compared to offline network marketing, internet marketing needs a fraction of your time for commitment with minimal effort. Introducing

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

people to your online business does not mean you have to be physically there all the time. Think about it. If you’re in Singapore and you have a prospect in the US, you would have to forgo your sleep in order to talk to this person. But with the internet by

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

your side, the world can connect anytime, from anywhere.

Now lets talk about the effort you have to put in. But first let me ask you this question. Do you chat with your friends on messenger? Do you check your mail? Do you surf the net from time to time?

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

If the answer is yes then that is how much effort you need to put in! Just as much as you’re doing now or maybe just a bit more. (It IS a business you’re doing by the way) The word is LEVERAGE. With the same amount of effort you put in doing your offline bu

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

Professional from academic institutions, pharmaceutical industries, health care indust

iness, you can potentially get a hundred or even a thousand times the number of prospects you can get!

HOWEVER, the numbers game still applies. In an online business, for every 100 clicks that you get to your page, ONE will opt in. And out of 100 opt-ins,

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

ONE will join the business that you’re doing and out of the 100 people who join, 24 will do it as seriously as you (that is if you’re doing it seriously). Don’t expect a huge sum of money to be falling on your lap with whatever business because if that happ

.

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

ens, it probably is not a legitimate business.

But don’t forget that with an online business, you are leveraging your time and effort with almost the same amount of results. I was running a traditional offline business for about 8 months and the most I rec

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

Companies that provide selfless information through particip

eived was a couple of a hundred dollars. With an online business, I received five times the amount of money within a month! And it was all legitimate. I was always looking for ways to earn fast money and I guess I found the best that the internet can offer!

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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Small Business Owners are some of the greatest Americans in our land and no one can debate that. They work harder than everyone else, do what they say they are going to do and get the job done for all the rest of us; God Bless the Small Business men and women of this great nation.

Israel, is it a place to invest? For years political rivals from around the globe have tried to somehow answer that question indirectly by influencing the geopolitical situation in the Middle East.

Now that you’re familiar with the differences between marketing and advertising, and you have some understanding of the basic factors we apply when putting together an advertisement or an advertising plan (see that issue again or sign up so you don’t miss an issue), it's time to think about effectively leveraging your time, effort, and money. A website can help you do just that.

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Advice You - Online And Offline Network Marketing - What's The Difference? (Part 1 - Creating A Network)

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