Advice You - Internet and Businesses Online

Drop shipping can be a very effective and simple way to get involved in eCommerce. Many established online merchants are now turning to drop shipping as a method for minimizing stock on hand, decreasing ove

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

rall shipping costs.

Drop shipping allows web site owners to send single/low quantity unit orders gathered on their web sites to manufacturers, or major warehouses, who in turn "drop ship" the items direct

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

Examples of combination products may in

y to the customers..

What are the Advantages of Drop Shipping?

Because a warehousing company can buy in huge volumes, they will also be able to offer you the best prices on produc

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

ts and shipping, which will return a greater profit to you.

There's no capital investment and no need to invest in inventory.

Using drop shipping allows you great flexibility in terms of pro

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

uct range - promote a dozen items or promote a thousand!

Instead of worrying about inventory and delivery, you get to focus on listening to the market and discovering the products your visitors you

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

Combination pro

want.What Do I Need to Know to Select a Drop Shipper?

Many companies will have an interest in teaming up with you in a drop shipping arrangement as it's an easy way for them to g

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

nerate extra revenue, but there's a number of points to consider and things to look out for:

Pricing Points - Don't accept that the first drop shipper you come across unless they are willi

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

ng to provide you a "Best Price Guarantee."

Drop Ship Fees and Charges - Some companies will have a handling fee over and above freight costs - it's important to know all the costs involve

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

so you can calculate your profit margins accurately.

Shipping - Are they using small private shipping companies or UPS? Will they ship internationally? You'll want to be sure that their s

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

hipping methods will ensure your clients recieve their orders in one piece.

Also, keep in mind that you may need a specific type of shopping cart in order to handle drop shipping. Many shopping carts only

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

llow for one "ship from" zip code in the configuration for freight calculations. If you are dealing with a number of drop-shippers you may have dozens of point-of-origin zip codes - and this can be a real h

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

Following aspects would a

eadache if freight is based on distance.

Accounts

Will the drop shipping company automatically debit your credit card on each order you submit, or can you get monthly payment terms? When

dd to the challenges in developing combination products:

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

ou are starting out with a company, they are unlikely to offer credit, but it's good to check if this will be possible once you've established credibility.

Support, Returns, and Refunds

T

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

he last thing you want is to be caught up in a nasty situation where you have a number of returns and have to cover the bill. Ask the drop shipping company about their return policy, what kind of support th

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

y offer for their products and about any guarantees associated with their products - and get it in writing.

Credibility

How long has the company been around for? Do they respond to your r

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

equests for information rapidly and professionally? Young companies have the habit of going belly up quickly, or growing too rapidly and as a consequence basic good customer service suffers.

How Do

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

Professional from academic institutions, pharmaceutical industries, health care indust

I Get Started in Drop Shipping? It's fairly simple:

Set up a web site that includes a Shopping Cart and credit card processing facilities, or setup an eBay or other auction account.

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

i>Find suppliers of products you wish to sell that incorporate drop shipping as a business method.

Open an account with them.

Gather content and images relating to the products you've chosen

.

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

incorporate them on your site and shopping cart.

Collect the order and payment from your site.

Provide the supplier with the customer details.

The supplier then bills you at the spe

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

Companies that provide selfless information through particip

cial price you have agreed upon; fulfills the order and sends it to your client - in most cases with labels referring to your business/web site instead of the company.

To Your Drop Shipping Success

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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