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Useful Advices - Why We Banned MLMers from Our Business Community
In 2007 we dramatically increased the depth and breadth of business development resources available to our members through an on-line business social networking hub called My Speed Business
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
Network (www.betterbusiness.speedbusinessnetworking.com).
We quickly found ourselves flooded with overwhelming numbers of MLM consultants, most of whom clearly had no idea of business or pr
We quickly found ourselves flooded with overwhelming numbers of MLM consultants, most of whom clearly had no idea of business or pr
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
fessionalism. The work involved in trying to prevent spamming, and cleaning up when something slipped through, was horrendous to say the least.
We had no choice but to enforce a blanket ba
We had no choice but to enforce a blanket ba
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
n on MLM of any kind.
However at the same time we recognize that MLM (network marketing) is a phenomenal business model that has benefits across almost any context one could think of: econ
However at the same time we recognize that MLM (network marketing) is a phenomenal business model that has benefits across almost any context one could think of: econ
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
mical, social, political, ethical, philosophical, and so on. It actually does contain some of the most highly-skilled and respected business people on the planet. And yet its reputation am
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
ngst the corporate sector is in tatters because of the actions of well-meaning folk who buy the dream without having proper business skills (or attitudes) who simply don’t understand the rig
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
ht way to go about business development.
So while we continued to ban MLM from My Speed Business Network, we launched MLMprofessionals.biz in a massive effort to support the sector in a big
So while we continued to ban MLM from My Speed Business Network, we launched MLMprofessionals.biz in a massive effort to support the sector in a big
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
er and better way than ever before.
This networking hub for MLM/network marketers provides all of the resources of My Speed Business Network, but also:
• Protects you and others against ML
This networking hub for MLM/network marketers provides all of the resources of My Speed Business Network, but also:
• Protects you and others against ML
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
scammers who don’t deserve to be in business
• Helps attract better educated and qualified people to your downlines
• Helps your downlines sell more product
• Helps consultan
• Helps attract better educated and qualified people to your downlines
• Helps your downlines sell more product
• Helps consultan
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
ts to network and expand globally
• Provides personal and professional development so that your downline participants can increase acceptance in their corporate sector
• Generally
• Provides personal and professional development so that your downline participants can increase acceptance in their corporate sector
• Generally
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
aises the profile and credibility of network marketing as an important and valid business model
• Allows free classified advertising
• Lets you announce company meetings or other e
• Allows free classified advertising
• Lets you announce company meetings or other e
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
ents
• Provides you with a private “club” for your own downline
• And much, much more
There was just one pitfall. We knew from past experience if we made this resource totally fr
• Provides you with a private “club” for your own downline
• And much, much more
There was just one pitfall. We knew from past experience if we made this resource totally fr
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
ee then we would once again set ourselves up for a nightmare of administration, and be subject to flaming and other abuse as thanks for our troubles. Yes, as well as having amongst it some
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
f the finest and most inspiring business people on the planet, unfortunately the sector is also rife with people who behave like that, including well-meaning souls who simply don’t understan
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
better.
There was only one sane way we could prevent that, and that was to charge a small fee which would still ensure accessibility to anyone who was serious about developing a business,
There was only one sane way we could prevent that, and that was to charge a small fee which would still ensure accessibility to anyone who was serious about developing a business,
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
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
but would discourage others from joining.
We set a fee of just $US25 per annum. Small enough to be inconsequential to bona fide marketers, but large enough to be not worth the trouble for
We set a fee of just $US25 per annum. Small enough to be inconsequential to bona fide marketers, but large enough to be not worth the trouble for
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
hose who just wanted to spam, or who wanted to behave in ways that they knew would get them banned, with the associated loss of that fee.
There is a huge mass of genuine, ethical, professio
There is a huge mass of genuine, ethical, professio
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
al network marketers out there, including many who are keen to learn better and more productive strategies. It is those people whom we welcome into MLMprofessionals.biz, and if you are one
.
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
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
of them, we look forward to working with you to develop your business even beyond your dreams.
Http://www.mlmprofessionals.biz is not associated with any particular MLM company, and does no
Http://www.mlmprofessionals.biz is not associated with any particular MLM company, and does no
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
benefit in any way from MLM product sales or recruiting activities. At all times we remain an independent resource with the sole mission of helping the sector to professionalise and thrive
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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