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The birth of the Internet has indeed brought the world closer... MLM companies were initially enjoying astronomic growth! Now, we hear coffeeshop talks about how

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

MLMs will die because of the Internet... Have you heard of this view yet?

From my personal observation, not all MLMs will be affected just because the world ca

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

Examples of combination products may in

n be reached at a much faster pace than how the matrices can be filled. The truth is there will always be people who are not open to the idea of MLM for whatever

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

reasons, and the same people will suddenly be enlightened to how network marketing actually makes good business sense.

Any business needs to make sales. That's

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 truth! Whether we would like to face it or not, we are selling something! It could be selling a product, a service, an opinion, a reputation or even just ou

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

Combination pro

rselves! Any website which can be likened to an offline shop or stall, has something to sell!

If people can't sell well, will the companies they work for cease

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

to function? I don't think so! There will always be casualties in any business, but that doesn't stop the businesses or people joining the businesses. Equilibriu

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

m will naturally be generated and those who continue to believe will win.

There will always be different kinds of people whether we like it or not. I personally

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

would like to TEE as many lives as I can. (TEE = Transform Enrich Empower) However, I've learned that in order for a person to be able to accept my help, he/she

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

must first acknowledge that they need help, and then be receptive to the help offered.

MLMs basically use the idea of leveraging on the time, energy and money

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

of other people. It's a people helping people business. This business model has been attacked mainly by people who have failed to build a network for whatever re

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

Following aspects would a

asons and even more by people who have no idea what this business model really offers but would like themselves heard for whatever reason!

Have you heard of 1 U

dd to the challenges in developing combination products:

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

P and 2 UP programs? They are usually categorised as Direct Sales Marketing, but they are also known as undercover MLMs. They are usually more expensive to join,

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

targeted at the medium to high income market, and can be residual as long as you can make your sales... If not, too bad... just go for quick gratification if po

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

ssible! See, it does take less time to earn a quick and big profit as compared to MLMs with low startup cost, taking a slower time to build a residual income. On

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

e might wonder whether it would last like a typical MLM...

Will the poor have a chance at this? Yes, of course! However, if the mindset is wrong, it doesn't mat

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

Professional from academic institutions, pharmaceutical industries, health care indust

ter what business one is involved in, it just won't work out!

Yes, whatever the business model may be, the final outcome ironically doesn't depend on it! People

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

though given the same tools and situations, would continue to yield very different results!

Hence, the Internet albeit logically could slow down some MLMs, but

.

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 long as people are willing to continue helping people and work smart, MLMs will not die but rather evolve to become better models. On the contrary, humankind

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

Companies that provide selfless information through particip

may eventually try to utilize the Internet more gradually & wisely as we would realize how instant gratification could become a potentially dehumanizing problem

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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This is the first article of a multi-part series on this topic. Part One of this SPECIAL REPORT is about: Organizing Your Group Would you agree that it's easier complete a job when you have a blue...

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