Top Adding - Home Based Business

I have never been much of a fan of high-pressure sales; either as a salesman or as a consumer. In fact, if a salesman starts in on me trying to promote his product/service or tries to push me into selling his/her product/service, I immedia

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

tely start to look elsewhere. I also don't like advertising that tries to instill a sense of urgency on my part to buy now with an exclusive offer that expires tomorrow. In all such cases I am reminded of a saying I once heard, "The deal

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

Examples of combination products may in

of a lifetime comes along once a week." While the person that told me this was referring to a home purchase, I have found it to be quite applicable to many other offers in life.

It is with this perspective on home-based business "opportun

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

ities" that I set out to find one that I could do part-time to supplement my income, but one that could be scaled up if I chose to pursue it full-time. I found all the pill pushing, lotion promotion, potion sales, gadget gizmos, copy writi

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

g cons, affiliate networking, and other scams that I am sure you found too. Ultimately, I settled for online bookselling because it did not require me to buy an inventory from a con man or to sell my books through questionable channels. I

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

Combination pro

t also provides every customer with a product - presuming they are literate - that matches their expectations, and whether they enjoy the book or not, I don't have to worry about whether or not they lose weight reading it. I can sell throu

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

gh reputable online marketplaces like Amazon.com, Alibris.com, Half.com, and Abebooks.com, all of which are well known. I also found that it was a very inexpensive business to start and how I choose to expand it is up to me.

The business

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

ssentially works like this:

1) Buy used books (new too if you have good sources).

2) Grade the books, e.g., Good, VG, Like New, etc.

3) Determine the online value of the books.

4) List the books with an online marketplace.

5) Pack and

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

ship the books when they sell.

The key to being successful is to know the value of the books you are considering for your inventory BEFORE you buy them. The process of finding good books is called book scouting. It involves the use of a

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

cell phone or PDA to look up the book values using a scouting service, and determining if buying them will be profitable. The last thing you want to do is go out and buy a bunch of books, lug them home, and find out they only have a firewo

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

d value. Book scouting does not require any expensive tools to do either, just an Internet enabled cell phone or PDA and a service that allows you to enter an ISBN (or title/author for pre ISBN books) and this will cost about $10 per month

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

Following aspects would a

for a good service. Don't get too wrapped up in the $10 per month cost, the service can easily pay for itself ten fold in a single one-hour scouting adventure. Yesterday, I picked up a book that another dealer had passed over because the s

dd to the challenges in developing combination products:

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

couting service they were using was not a very good one. I paid $1.99 for the book and it currently sells on Amazon.com for $194.42. Just selling this one book can pay for my marketplace listing fees and my scouting service for over three

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

months, and it wasn't the only good book I found.

Once you have an inventory of 200 - 500 books, you can start a marketplace account and efficiently sell online. This requires that you enter your books into a database or spreadsheet and

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

pload them to one of the marketplaces. Not too difficult, but it does require that you learn to price and grade your books, and there are acceptable standards for grading as well as some marketplace rules regarding the conditions that can

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

be listed.

So, now you can start to recover the small investment that you have made by receiving orders from the marketplace with shipping instructions. You package your books and ship them to your customers. Payment to you is for the mos

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

Professional from academic institutions, pharmaceutical industries, health care indust

t part automated. Some marketplaces have direct deposit features, and some will mail you a check each week/two-weeks/monthly, depending on the marketplace.

This is no time to relax, you need to keep scouting for more inventory to replenis

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

the books you sell and to grow your inventory to a level that provides the income you are looking to make.

There are many other nuances of the business that are easy to learn without having to do everything by trial and error, but you nee

.

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

d to enjoy books, being around people that enjoy books, and spending time in places where they sell books if you want to enjoy this business.

The best part about the idea is that you don’t have to take my word for it, you already know abou

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

Companies that provide selfless information through particip

t the online marketplaces that books are sold through, and you know they are legitimate. You can become a successful online bookseller, selling your books through these marketplaces as a third-party seller too.

Copyright 2006 Michael Moul

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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