Useful Advices - Business

I was at a networking site talking to MLMer's about their problems and concerns. One concern keeps on popping up and that is why people are so stu

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

pid to not want to make more money.

What most MLMer's don't realize is that the uninterested prospect isn't really stupid, and it's not really the

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

Examples of combination products may in

prospect's fault. But it is the fault of the MLMer not to move on and find the more qualified prospects. Here's how the conversation went.

MLMe

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

r: I just ask a person to listen to a phone presentation to give them info to what I really do. Then they complain that they're broke or either hav

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

e a health problem. Now, if I told you I had something that could help you in both ways with no risk involved would you do it?

Me: Well, hate to

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

Combination pro

say this but no. Here's why.

I'm coming from a direct response background. A lot of people are just satisfied with their crappy situations and do

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

n't want to change. No matter what you tell these non-ambitious people - they won't budge.

A better (and MUCH less stressful) way I found is to ta

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

rget the people who are looking for business opportunities. And I'm not talking about seeing a sharply dressed man or woman at the gas station and

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

strike up a conversation with them to see if they are looking for something better either!

What I would do is to find a list of people who have re

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

sponded to money making opportunities or are searching for money making opportunities (or your products) through TARGETED magazine, journals, etc.,

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

write a killer ad that real business opportunity seekers will WANT to respond to and then slowly work that hot prospect ...and subdue them into yo

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

Following aspects would a

ur opportunity!

Oh and one more thing...if you don't target your audience, it's like trying to sell golf clubs and golf shoes to people who are ob

dd to the challenges in developing combination products:

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

sessed with basketball!

MLMer: Well, where do you normally find your people online?

Me: Pay Per click, classified newspaper groups, article mar

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

keting, renting out lists, offline advertising in targeted publications, social networks, just to name a few!

You need to invest some money in a f

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

ew of them to make it effective, but the returns are enormous if you write great ad copy! One of my business partners spent about $75 on a Pay per

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

click campaign and recruited 50 downline for his health and fitness MLM.

You see, the old fashioned way of recruiting is to blindly recruit everyb

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

Professional from academic institutions, pharmaceutical industries, health care indust

ody they see down the street. Even the window washer at the gas station! But that's just plain ineffective.

What you should really do is target

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

the people who are doing searches on and offline and capture them that way. Put up an enticing advertisement and if the lookers see your advertise

.

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

ment and are interested they will come automatically without embarrassing yourself in the process!

Sure you will have to cough up some money to ge

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

Companies that provide selfless information through particip

t your advertisement exposed to a wider audience, but in my opinion it's much more effective and costs much less in time, effort and embarrassment!

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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Useful Advices - What To Do If Somebody Doesn't Want To Look At Your Business Opportunity

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