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Top Adding - Home Business Comparison Worksheet
When you start your search for the perfect Direct Selling or Network Marketing business, here are some valuable questions to ask when comparing companies and opportunities:
1) Start up cost should be minimal. Start up cost in direct selling
1) Start up cost should be minimal. Start up cost in direct selling
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
and network marketing companies are usually modest and mainly to cover the cost of the sales kit.
Q. What is the company's start up cost?
Q. What comes with a new Distributor/Consultant kit?
2) Some companies require a monthly purchas
Q. What is the company's start up cost?
Q. What comes with a new Distributor/Consultant kit?
2) Some companies require a monthly purchas
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
.
Q. Is there a monthly minimum purchase requirement and if so, how much is the monthly investment?
3) Most companies submit the local state sales tax, however, there are a few that do not.
Q. Will I be required to submit my own
Q. Is there a monthly minimum purchase requirement and if so, how much is the monthly investment?
3) Most companies submit the local state sales tax, however, there are a few that do not.
Q. Will I be required to submit my own
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
tate sales tax?
4) Check with each company regarding their return policy. This will be vital to your business.
Q. Can I return unwanted or damaged products and if so, what is the company's return policy?
5) Do you have a "buy-back"
4) Check with each company regarding their return policy. This will be vital to your business.
Q. Can I return unwanted or damaged products and if so, what is the company's return policy?
5) Do you have a "buy-back"
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
policy? Some companies offer to "buy-back" unsold marketable products purchased within the 12 months prior, should you decide to quit the business for 90% of the price you originally paid.
Q. Does the company offer a "buy-back" policy?
Q. Are Consultants/Representatives allowed to market online and what are the company guidelines?
12) Some companies authorize Representatives to deduct their commissions prior to sending in their Show Order, while others require all monies
16) Most companies allow their Representatives to purchase products or display items at a special discount.
Q. Are Representatives allowed to purchase products at a discount and if so, what is the discount?
17) Have them explain
Q. Does the company offer a "buy-back" policy?
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
6) Some companies require Independent Representatives to pay for portions of the Hostess gifts, etc. You should know up front whether part of your commission earned will go to cover these cost. This will reduce the actual amount of commissions e
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
rned.
Q. Will I be required to cover part of the Hostess Gifts or pay admin fees, etc.?
7) It is always smart to compare catalog and supplies cost as they vary by company.
Q. What do company catalogs and paperwork cost?
8) Cu
Q. Will I be required to cover part of the Hostess Gifts or pay admin fees, etc.?
7) It is always smart to compare catalog and supplies cost as they vary by company.
Q. What do company catalogs and paperwork cost?
8) Cu
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
tomer shipping charges are important to your business and can vary greatly from company
to company.
Q. What are the customer shipping charges?
9) It is customary for companies to have a monthly or quarterly sales requirement to stay
Q. What are the customer shipping charges?
9) It is customary for companies to have a monthly or quarterly sales requirement to stay
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
ctive and/or receive overrides.
Q. What, if any, are the monthly/quarterly requirements?
10) If you plan to participate in local fairs, festivals or events, you will want to know whether the company allows you to sell "cash & carry." M
Q. What, if any, are the monthly/quarterly requirements?
10) If you plan to participate in local fairs, festivals or events, you will want to know whether the company allows you to sell "cash & carry." M
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
ny will not as they prefer Representatives to provide one on one customer support and book to increase sales.
Q. Does your company allow Representatives to sell products "cash & carry" at local fairs and events?
11) Many companies prov
Q. Does your company allow Representatives to sell products "cash & carry" at local fairs and events?
11) Many companies prov
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
de Representatives with a company approved website. If you plan to market your business online, this will be vital to your success.
Q. Does your company provide a website and if so, what is the cost?
Q. If they do not, can I design my own
Q. Does your company provide a website and if so, what is the cost?
Q. If they do not, can I design my own
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
Q. Are Consultants/Representatives allowed to market online and what are the company guidelines?
12) Some companies authorize Representatives to deduct their commissions prior to sending in their Show Order, while others require all monies
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
collected forwarded to home office and then commission checks are issued monthly or twice per month.
Q. How are you required to submit payment for a show?
13) How often are commission checks issued..monthly, bi-weekly or weekly? My exp
Q. How are you required to submit payment for a show?
13) How often are commission checks issued..monthly, bi-weekly or weekly? My exp
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
rience has been that most issue monthly. Be sure to ask as there are a few that offer twice monthly and weekly.
Q. How often are commission checks issued...monthly, bi-weekly, weekly?
Q. At what time of each month will I receive my commis
Q. How often are commission checks issued...monthly, bi-weekly, weekly?
Q. At what time of each month will I receive my commis
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
ion check?
14) Many companies now ship their products directly to the consumer or Hostess, however, there are few that require Representatives to deliver a show or products.
Q. Will I be required to deliver products?
15) With some
14) Many companies now ship their products directly to the consumer or Hostess, however, there are few that require Representatives to deliver a show or products.
Q. Will I be required to deliver products?
15) With some
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
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
pportunities, Representatives are encouraged to stock products to have on hand for eager customers.
Q. Will I be required to stock or carry inventory? Q. If no, will my business be more successful if I elect to have on hand "hot sellers?
Q. Will I be required to stock or carry inventory? Q. If no, will my business be more successful if I elect to have on hand "hot sellers?
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
16) Most companies allow their Representatives to purchase products or display items at a special discount.
Q. Are Representatives allowed to purchase products at a discount and if so, what is the discount?
17) Have them explain
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
he commission structure and levels of achievement as it varies greatly by company.
Q. What is your commission structure?
18) Do they offer additional incentives, such as trips, a cash bonus and etc.?
Q. What additional incentives
Q. What is your commission structure?
18) Do they offer additional incentives, such as trips, a cash bonus and etc.?
Q. What additional incentives
.
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
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
does the company offer?
19) What type of support is available?
Q. What type of support can I expect?
As with any business, finding what works for you and your lifestyle will be the key. Take time to research opportunities and consider
19) What type of support is available?
Q. What type of support can I expect?
As with any business, finding what works for you and your lifestyle will be the key. Take time to research opportunities and consider
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
whether the business and support team are a good match for you. Another wise decision is to consult with a home business tax professional before launching your home business. Learn what can and cannot be deducted, as well as, good record keeping
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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