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  • Advice You - MySpace Marketing for Hungry Entrepreneurs

    Myspace. The big buzz these days is Myspace. Myspace represents the biggest shift in online user behavior since Google. At Present, myspace.com has recorded over 105 million registrant. Yes the
    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
    re are more than 105 million people subscribed to the myspace site.

    And over 11.6 billion page views per month. Incredible! Myspace is by far the largest social networking sit
    ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

    Examples of combination products may in
    e on the 'Net. Large social networks, such as Myspace, are an entirely new way for people to interact online. All the rules have changed. Social Networking on the 'Net is the "thing".

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

    represents an enormous opportunity for the savvy marketer. If approached in the right way. Imagine over 105 million people. Imagine over 105 million people looking at your product.

    Imagine ove
    here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    r 105 million people that you could market to. Imagine over 105 million people, that is as close as you can come to having a captive audience on the 'Net.

    Over 105 million people have already
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    done most of the work for you.

    How? You ask. Well what's your niche? Let's say for example your niche is "dogs". Go to MySpace-Groups-Pets-Dogs. There you have it a group of d
    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
    og lover/owner just waiting to be sold the latest "Dog Munchies" right? Wrong. Not so fast.

    You first have to follow the rules in order to market to MySpace. There is a correct way to market t
    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
    MySpace and make money. Once you learn how you will be able to market on almost all of the social networking sites. Social networking sites are sites that allow large groups of people to inter
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    act with each other. They provide a place for people to communicate and relate to each other.

    In July 2005, MySpace was bought for $580 million by Rupert Murdoch. So it is the place to be. The
    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
    famous bank robber Willie Sutton replied when asked why he robbed banks, "That's where the money is". Myspace is where the people and the list are. You can fish in an empty pond, or a pond ful
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    l of fish. I don't know about you, but I know where I like to fish.

    MySpace has more traffic than any other US website, and accounts for 80% visits to online social networks. Myspace is where
    ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

    Following aspects would a
    it’s happening. There are 230,000 new users signing up every day. MySpace is the Number One site for viewing videos online. Over 40% of youtube.com videos are watched on MySpace. It's the Numbe
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    r One referrer of traffic to Google. More than 8% of all Google traffic comes from MySpace. Myspace has over twice the amount of traffic as google.

    Here is a surprise. When you look at MySpace
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    the first thing you think of it young twenty something. Well 52% of the population on myspace is over 35. So don't write off MySpace as just a hang out for teenagers. The demographics cover a
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    ery wide range within the myspace community.

    Myspace has users of every type, huge traffic levels and the potential to really benefit your bottom line if you play your cards right.

    You may th
    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
    ink that with all those many people the savvy marketers have grabbed all the goodies. Well.... not quite so. Reason why, very few online marketers really know how to market to myspace.

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

    Professional from academic institutions, pharmaceutical industries, health care indust
    rs come to communicate first, and buy second. So the myspace marketer needs to learn how to communicate on myspace terms. You are not too late; in fact you are right on time. But if you wait mu
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    ch longer you will be late.

    Right now, people are just beginning to educate themselves on how to market to the Myspace, and all the other social networking sites. Most of the marketing has bee
    .

    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
    n hit and miss. The average Internet marketer has not figured out how to market to this savvy crowd.

    My advice? Learn the myspace marketing system and get in before it's to late. You will have
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    what marketers call "First Mover's Advantage." Let’s not waste it!

    Marketing to MySpace is really simple. It is only taking tried and true Internet marketing methods and making a little twist


    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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