Top Adding - Real Estate

According to the National Association of Realtors (NRA), the average real estate agent sells 4 homes per year. Even with the

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

median U.S. home selling for $219,800 (Source: NRA) in September of 2006, this suggests less than a $20,000 annual salary fo

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

Examples of combination products may in

r the average real estate agent.

For those who are not familiar with the real estate industry and commissions, real estate a

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

gents are paid for listing and selling a house. The average real estate commission fee is around 6%, but that does not mean

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

the agent receives 6%. This fee is split 50/50 between the listing broker and the selling broker. If the agent works for a

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

Combination pro

broker, then this fee is once again split 50/50 with the broker receiving 1.5% and the agent receiving 1.5%.

Simply speaking

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

for each $100,000 sold, the real estate agent receives $1,500 For the median home, this translates into $$3,297 per home o

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

$13,1888 annually. Even if the agent is selling higher end homes around $500,000, then the annual sales for the agent is $2,

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

000,000 ($500,000 times 4 homes). Using 1.5% commission, the agent is bringing home $30,000.

Since the data from the NRA al

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

so suggests that 10% of the agents account for 90% of all transactions (selling and listing), the average of 4 homes per year

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

sold by real estate agents makes sense. So what can you do as a real estate agent not to be average and to make more than $2

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

Following aspects would a

0,000 a year?

Remember these 2 statements:

Motion does not mean progress.
Activity does not

dd to the challenges in developing combination products:

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

mean results.

People confuse motion with progress. For example, the realtor is out making contacts (motion)

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

, but not making appointments and not closing sales(progress).

Additionally, people confuse activity with results. An activi

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

y would be a networking event or a luncheon meeting. Results are securing signed contracts.

To stop this confusion begins by

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

tracking your daily efforts and establishing your sales to close ratio. For example 100 calls or contacts, delivers 20 appo

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

Professional from academic institutions, pharmaceutical industries, health care indust

intments, yields 10 meetings and turns into 1 sold or listed home. When you have actual hard and measurable numbers, you can

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

increase your activity knowing that your results will also increase. You will then turn from the average realtor into the abo

.

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

ve average realtor and earn more than $20,000 per year.

P.S. If you would like to be really successful real estate agent, re

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

Companies that provide selfless information through particip

ad the Top 7 Tips for Real Estate Agents' Success

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

People who enjoy reading blogs will find a circle of blogs that entertain, inspire, and make them think or laugh. That's the nature of blogs, an old post is a stale post. Of course, some well ranked blogs get plenty of visitors but most don't

Common mistakes in your client newsletters can hurt more than help you build trust and credibility with your clients and prospective clients. Here are three easy mistakes to avoid in your client newsletter.

Searcing for a home on the internet has taken over the way people find homes today. Studies have shown that more and more people are using the internet for real estate.

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Top Adding - How to Stop the Confusion and Not Be the Average Real Estate Agent Earning Less than $20,000 a Year

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