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  • Useful Advices - Low Cost Networking Techniques That Work

    Business networking isn’t just for sales people anymore. In fact, it can be a savvy marketing strategy for virtually any entrepreneur. Whether you’re looking to land new clients, form strategic allia
    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
    nces or swap ideas with other business owners, it’s all possible when you get out and meet new people.

    Where to Network

    You have the chance to network whenever you meet someone for the first time.
    ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

    Examples of combination products may in
    This can happen in line at Starbucks, at your kid’s little league game, or when you’re sitting in the doctor’s office waiting room. But if you really want to increase your exposure, your best bet is
    lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

    to attend networking meetings on a regular basis.

    Most trade associations host networking events. Whether you belong to the local Chamber of Commerce or an industry-specific association, there shoul
    here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    d be plenty of opportunities to mingle with members.

    There are also a variety of groups that meet for the sole purpose of networking. Some to investigate are www.letip.com and www.ewomennetwork.com.
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    To locate other groups in your area, start by reading the events calendar in your local newspaper. Other good sources are www.Craigslist.org and www.Meetup.com.

    Breaking the Ice

    The act of network
    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
    ing can be intimidating. Often it means walking in to a room full of strangers and forcing yourself to strike up a conversation. For a lucky few this comes naturally, but for most it takes effort. Yo
    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
    u can make the process easier by having some conversation starters ready to go. Begin with the following suggestions and add some of your own to the list:

    *How are you doing tonight?
    *Are you h
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    aving a good time?
    *What kind of work do you do?
    *How are you enjoying this event?
    *Are you a baseball/football/basketball fan?

    Keep in mind that the best networkers are the ones who
    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
    ask questions and listen. People love to talk about themselves so you will naturally build rapport with someone when you get them talking. Eventually the tables will turn and they will ask about you.
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    When they do, be prepared with a concise description of your business. Keep it simple; you don’t want it to sound like a sales pitch. Soon you may find that your businesses have synergies or that yo
    ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

    Following aspects would a
    u’ve just met a new client or someone who will refer a new client to you.

    Tips for Networking Success

    Keep a pen handy so you can jot down details of your conversation on the back of a business car
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    d. Often times the details can get lost by the end of a long day so it’s helpful to make notes that will jog your memory later.

    When you return to your office, enter new contacts into your database
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    as soon as possible. It will help if you include details of where and how you met along with the notes you wrote on the back of each card. You’ll be glad you made the effort when you hear from the co
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    ntact months later and can’t recall the exact details of your meeting.

    Most importantly, when you meet someone interesting, be sure to follow up. You can send an e-mail or better yet, a hand-written
    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
    note. You may even want to pick up the phone and set a coffee date. Don’t let opportunity pass you by! Your efforts will be fruitless if you don’t follow through.

    Just as you can make valuable busi
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    ness contacts at in-person networking events, you can also find them around the world by logging on and participating in industry-related forums, chat rooms, and other networking venues. Some to inve
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    stigate are www.ryze.com, www.ecademy.com, http://groups.yahoo.com/ and http://lists.topica.com/.

    Whether you get out and pound the pavement or meet new people from the comfort of your laptop, the f
    .

    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
    act is that networking is an inexpensive and effective way to expand your business. You can build networking into your marketing plan by planning to attend two or three meetings per month or particip
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    ate in online forums for an hour each week. Commit these activities to your calendar just as you would any other important business engagement and soon you will be reaping the rewards of your efforts


    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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