Top Adding - Home Based Business

Can A Home Based Internet Business Really Succeed?

The short answer is… Yes. But I want to tell you a little story before we move on.

A couple of years ago a friend of

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

mine (actually a former boss) called me for some advice. He wanted to buy a little online store and sell a line of products that anyone could get from a hundred other sources. H

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

Examples of combination products may in

e told me it would be easy. For a few hundred dollars and less than one hour of work he could be online selling his products.

I discouraged him from doing so. After a couple of

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

days he decided he would take my advice and save his money.

The internet can be intoxicating. The promise of riches comes very close to the lure of the casinos. But there is a

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

big difference. Most people fail at the casinos because the odds are against them. It is simple mathematics. For every dollar won many will be lost.

But the internet is differe

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

Combination pro

nt. Most small business people fail on the web because they have the wrong approach. Or they have no approach at all. For example…

You Can’t Beat The Big Boys At Their Own G

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

ame

Let’s say I want to buy a widget. Where do I buy it? Do I buy it from an online store that someone purchased for a few hundred dollars and set up in 15 minutes? Or do I

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

buy it from a large well-known store?

What would you do?

Would you buy it from a company that…

has been around for a hundred years?
has millions of advertising

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

dollars to get your attention?

has brand recognition?

has a proven track record?

has a great return policy?

Or would you buy it from Sam’s 15 minute onli

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

ne store?

Why Not Play A Different Game?

Going head to head with large established companies is not the best way to succeed. What you need is a different approach. You

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

eed to play a different game.

The internet has provided average people like me with a great opportunity. It has made the world my village. Or it may be better to say the intern

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

Following aspects would a

et has set me down in the middle of an almost infinite number of villages.

Let’s go back in time a couple hundred years. Let’s say I lived in a large village where everybody ne

dd to the challenges in developing combination products:

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

eded shoes. Fortunately I was the village cobbler. I made shoes for everybody. It was my niche. If you wanted shoes you had to come to me.

Things have changed… haven’t they?

E

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

nter the digital age. Today I would go broke making shoes for my fellow villagers. Too many other people are making shoes better and cheaper than I can. What I need is a new nic

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

e.

What I need is a digital village.

Let’s suppose I know this great vacation spot… and I know it well. I love this place. I am passionate about it. That is why I tell all the

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

people I like about this little piece of heaven. I tell them how to get there… where to stay… where to eat.

Being the business minded person I am, I know that I could make com

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

Professional from academic institutions, pharmaceutical industries, health care indust

missions from all my recommendations. The problem is I don’t have enough friends.

My village is too small.

Through the internet I have the power to carve out a new village. Ac

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

oss the globe there are many thousands of people who would love to visit my great vacation spot. And the travel agents, the hotels, the car rental places, the restaurant owners

.

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

would be happy to pay me a little commission for sending happy travelers their way.

A niche website can make all this possible. It can help me carve out a niche that I can own.

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

Companies that provide selfless information through particip

It can help me create a global village. Through it I can talk about my little paradise with the same passion I had when I told my friends.

And my fellow villagers will love it

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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Every once in a while I will turn on the Television only to find Lou Dobbs staring back at me saying would you Look Who is Outsourcing Now? As if corporations have any choice. Why do I say this you ask?

Can you double your price and not lose half of your customers? Though studies show that over eighty percent of respondents are skeptical, in actuality, the answer should be yes much more than you’d expect.

The purchase of a property to let can offer benefits in two ways. There's the income from letting, added to the investment growth in the property. Lots more private individuals are taking on the role of landlord. Find out more.

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