Useful Advices - Business

Did you put off hosting teleseminars and building your business dramatically this year? Make a resolution to start in 2006 and begin increas

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

ing your company’s cash flow.

Here are 10 reasons to put teleseminars into your budget for 2006.

Make money. You

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

Examples of combination products may in

an make thousands of dollars in registration fees depending on the size of your audience and the topic’s importance. Great Teleseminars Audi

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

Production Studios has several clients making six-figure incomes from teleseminars over the course of one year. One recently made $30,000 i

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

one hour by offering the right topic at the right price to the right audience.

Beat your competition by improving your image

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

Combination pro

nd building your name brand. By conducting teleseminars, you will be perceived as a trusted expert, an innovator and a leader within you

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

field.

Maintain contact with your clients with little time, energy and financial investment. Isn’t it great to offer you

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

r clients a seminar so they can learn your latest tactics, techniques and breakthroughs? Some of my clients do teleseminars for free just so

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

they can build rapport and maintain good relationships with clients.

Prospecting. What could be a better way to introduce

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

yourself and your services to prospects than by offering a free teleseminar jam packed with beneficial information that show you at your bes

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

? You don’t have to fly anywhereand they don’t have to drive anywhere. Nothing could be simpler or cheaper since you can deliver the same me

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

Following aspects would a

sage to many people at one time – and still be personable.

Slash customer support costs and increase customer loyalty. You

dd to the challenges in developing combination products:

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

can do this easily by offering free teleseminars on how to use your products and services effectively.

Create multiple streams

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

of income by creating products for future sales. Every teleseminar can be turned into a CD, MP3 file, transcript and/or e-book to gener

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

ate extra income.

Become newsworthy. Teleseminars give you a reason to post press releases about the topic, the guest and

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

he information learned. Don’t overlook the chance to get your name in print.

Build your list. By offering people on your l

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

Professional from academic institutions, pharmaceutical industries, health care indust

st a great event, they’ll tell their friends, so you’ll build your database of prospects.

Keep your marketing team busy with a

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

roject that is easy to do every month. Once you get the mechanics in place, you can do teleseminars every month with ease.

.

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

> Teleseminars are cheaper and easier than webinars by a factor of at least 10 to 1.

When you offer teleseminars, you make

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

Companies that provide selfless information through particip

oney, build your customer loyalty and grow your business – for a very small investment. Wouldn’t that be a great resolution for the new year

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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