Advice You - Internet and Businesses Online

If you were on the internet in the early to mid 90's you witnessed the dawn of the e-commerce age. I remember a time when only large ISPs such as AOL were

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

making money online and everyone else was scrambling to figure out how to make online sales. At that time, people were very reluctant to make online purcha

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

Examples of combination products may in

ses because of the fear of someone "Stealing" their credit card information. Now days, most people realize that an encrypted online transaction is probably

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

the safest financial transaction on earth. The transformation really took place between 1998 and 2001 as consumers became educated and businesses all rush

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

ed to move their businesses online. Those who participated in the shift went from penniless wishful thinkers to successful business owners earning six figu

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

Combination pro

re incomes almost over night. In other words, we were in front of a major trend that was obviously going to materialize.

Right now, online video marketing

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

is in the exact spot that e-commerce was back in 1998. Plunging bandwidth costs, the proliferation of broadband access and high profile web sites such as

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

YouTube have created the perfect environment for an explosion in Video usage. Most people right now are focused on creating funny or sensational videos tha

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

t generate buzz and traffic, but those of us who have been through transitions before realize the money is in marketing. Through my FileStreams business I

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

have been involved in video marketing since 2003 and I can tell you that video demand has picked up dramatically in the past 90 days. I believe Google's $1

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

6 Billion purchase of YouTube awakened the corporate giants and the media has increased coverage dramatically. It is my sense that we are about to witness

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

Following aspects would a

a video boom that will transform the internet into a multi-media communication tool over the next 3-4 years.

The question is: "How can you profit from thi

dd to the challenges in developing combination products:

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

s shift?"

The number one way to profit from any technological shift is to first become educated. Learning how to create, encode, compress and stream video

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

as well as audio content will be the key to success in the coming years. Thousands of small to mid-sized companies will be searching for expertise to tran

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

sform their current static web sites into multi-media web sites. By taking a few hours of your time to learn these skills, you will be in a position to com

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

mand top dollar from those who need these expertise. If you look around online you will see that Internet Consultants can earn $750+ per hour for consultin

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

Professional from academic institutions, pharmaceutical industries, health care indust

g clients on how their online businesses should be structured. The same rules will apply to video marketing, in fact the initial setup strategy will be eve

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

n more important in video marketing than with Internet marketing in general.

Everyone I talk with seems to know that video is coming of age, but it seems

.

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

that 98% of them are procrastinating for one reason or other. My advise is to dive in on a small scale, experiment a bit and definitely take the time to le

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

Companies that provide selfless information through particip

arn what it's all about. I think you will see that video marketing is much easier than you ever imagined and much more profitable than you dreamed possible

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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