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Network marketing has been filled with success stories as well as failures in the past 50 years. There are plenty of reasons why there are more failures than successe

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

s, but the major reasons are not so obvious.

One reason for a high failure rate is that people join and don't do anything to build it like a business. Network market

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

Examples of combination products may in

ing IS a business and should be treated like one. It requires a plan, a system and perseverance. Too many people "try" a network marketing company to "see how it goes

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

." These are the people that you don't want in your organization. You want serious business builders that simply duplicate what the successful people do. The "see how

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

it goes" people are just not serious enough. They will be the ones constantly complaining about it not working and they will suck you dry of time and energy and are

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

Combination pro

often the ones that jump from one program to the next.

Then there are those people who think of all network marketing opportunities as "get rich quick schemes." Sure

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

, the possibilities are there to make a substantial income with network marketing and it could happen faster than a regular job, but nothing is going to happen over n

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

ight. Just because you sign up for a program doesn't mean you're going to make money. You aren't "entitled" to anything for doing nothing, and that's a fact of life.

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

My experience working in an officer position for a major U.S. bank opened my eyes to the reality of this. My pension plan would pay me about $2,000 per month when I r

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

etire from the company. This would be after working for the company for 20 years!! Yikes! With network marketing, I could make $10,000 per month RESIDUAL INCOME after

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

one year if I did it right! After doing the math (which took about a whole 2 seconds), I realized what I really had in my hands.

The third reason for failure that I

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

Following aspects would a

want to mention in this article is that people try to make it into a sales business. It's not! Stop trying to sell your business to someone else! You are not here to

dd to the challenges in developing combination products:

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

convince people. You are here to look for the one that is looking and present the opportunity. If they are interested, you simply train and mentor. That's it! You tra

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

in and mentor them to duplicate what you do...train and mentor. The moment you think of it as a sales business, you're sunk.

Here are two key things to keep in mind

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

when talking to someone about your primary business:

You can not say the wrong thing to the right person.
You can not say the right thing to the wron

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

g person. Don't try to "convince" someone they should join and don't worry about messing up what you say. You'll get discouraged and end up quitting yoursel

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

Professional from academic institutions, pharmaceutical industries, health care indust

f. Just present the opportunity. I once had a guy email about my opportunity and he said, "I challenge you to convince me this is the right opportunity for me." I kin

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

dly replied to him stating that I don't consider it a challenge. I told him that I GET the opportunity, and if he didn't that's fine. It's not my "job" to convince pe

.

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

ople. I wouldn't want him to feel he has to convince people as well should he join me. Realize it is not an event, it is a process. Expecting overnight success won't

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

Companies that provide selfless information through particip

happen without action. If you change your perspective on network marketing and focus on duplicating a "mentorship", then your chances of success are almost guaranteed

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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Being a 23 year old entrepreneur, I am slightly biased when I make the statement that the best time in life to start a business is before your 25th birthday. That said, I still think I make a great case for starting a business sooner than later (please note, I understand that the statements I make don't apply to EVERYONE, however I feel they apply to the overwhelming majority of people).

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