Advice You - Business

If you have bought into the practice of "image or personal marketing," it's time to take a fresh look at what today's consumer really wants. The 80's and 90's were the decades of image and personal marketing. Marketing experts advised Realtors® to prospect using a per

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

sonal brochure. "Tell the consumer about how many houses you sold. Use your glamour shot that illustrates how professional you look and don't forget to include it on your business card as well." What seemed like a good idea ten years ago can be the kiss of death in t

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

Examples of combination products may in

oday's consumer oriented environment. Increasing your business in this environment may call for a quantum shift in your approach. A simple place to begin is by changing your business card. If you want a business card that actually attracts business, follow the five tips

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

listed below.

1. Is there a picture on the card?
Can you name one other profession outside the real estate industry that places pictures of its sales force on its business cards? I've asked this question at numerous seminars and the answers are the same—insurance

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

agents and used car salespeople. If our industry wants to break away from the "one-step-above-a-used-car-salesman" image, we should follow the lead set by Fortune 500 businesses. Their business cards provide the name of the company, the individual's name, and their con

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

Combination pro

tact information. There are NO pictures. To illustrate why your picture is not that important, can you name the person who won the academy award for best actress three years ago? Even when the person's name and picture has been in front of you repeatedly, most people st

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

ill have a hard time remembering. The same is true with your business card. The people you meet will decide whether they want to work with you while you are face-to-face. If you didn't make a great impression in person, how is your card going to make any difference? A b

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

etter approach is to print separate business cards for each of your listings. Use a picture of the listing on one side, a brief property description, and your website and phone number on the back. Sellers will love the idea and it makes you stand out from other agents w

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

ho still use their own photos to market their services. Most importantly, people who see your card will understand immediately that you're about helping people market their property rather than marketing you.

2. Is the contact information readable?
As an agent, yo

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

u have access to business cards from other Realtors®. For the next two weeks, collect as many as possible and/or check the ones you may already have on file. Now look at the cards. How many have such a small font that you can barely read the print, even with your glasse

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

s (if you wear glasses)? Because the agent’s picture takes up so much space, a small font is necessary in order to cram in the agent's contact information. One agent summed it up like this: "Our prices are so high that almost anyone who can afford to buy properties in o

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

Following aspects would a

ur area is wearing bifocals." With up to 40 percent of today's listing market composed of the 55+ crowd, making your phone number and email address easy to read is critical.

3. How many phone numbers are on the cards you collected?
In most cases, the agents will h

dd to the challenges in developing combination products:

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

ave a cell phone, home phone, office phone, and fax number. How do you know which number you're supposed to call? Instead of listing multiple numbers, include your fax number and one primary number where clients can reach you. Remember, if someone is calling you from yo

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

ur business card, most people will have little patience trying to track down which number is correct.

4. Your website address
If you're using your name as your website address, consider shifting your primary web address to a function. For example, if you work a ge

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

ographical farm, create a web address that incorporates the name of the area you farm: for example, InglebrookHomes.com or WestlakeHeightsCondos.com. If you serve a specific niche based upon a profession or a specific market segment, use that as your web address. Exampl

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

es include LakesideSeniorHomes.com or DenverHomes4Teachers.com. Also, remember to use your print advertising to direct people to your website or to call your 800 Call Capture system.

5. Your email address
One of the most irritating and costly mistakes an agent can

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

Professional from academic institutions, pharmaceutical industries, health care indust

make on a business card is having a difficult-to-remember and/or difficult-to-type email address. When existing or potential clients make errors in typing your email address, important communications may not reach you. Furthermore, people lose business cards all the ti

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

me. (Since the first of the year, how many business cards have you tossed or been unable to find when you needed them?) Having an easy-to-remember email address is critical. This means keeping it simple with no dashes, strange numbers, or difficult-to-spell names. In ad

.

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

dition, instead of using Yahoo, AOL, or some other ISP in your email address, print up new cards with an email address at your website. For example, instead of using YourName@Yahoo.com, shift to YourName@YourWebsite.com. This sends a clear message to today's Internet-ba

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

Companies that provide selfless information through particip

sed consumer that you're in touch with today's marketing environment.

Remember, making the connection is the name of the game when it comes to converting leads into closed business. Make your business cards about the consumer and watch how many more leads you generate.

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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People constantly come into your office and you are always sending out mail to new, potential clients.

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