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Over the past several years the over-exposure to MLM companies has created the impression that MLM businesses are i

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

llegal or fraudulent. MLM has gotten a bad rap because of this. While its true that some MLM companies are fraudu

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

Examples of combination products may in

lent or unscrupulous, these are definitely not the majority. There are also good, legitimate MLM companies that ex

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

ist as well. The key to choosing the right one is in good research and knowledge.

The difference between legitima

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

e MLM companies and those that are not, is the way they earn profit. There should be a balance between recruiting

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

Combination pro

and selling. If the major thrust of the company is towards recruitment it is not earning its money in the right wa

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

ys.

A pyramid scheme is a myth associated with MLM companies. A pyramid scheme takes peoples money for enrolling w

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

ith the promise that as others enroll they will get part of the profits. The problem is that this type of plan has

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

no viable product or service to offer and will eventually self-extinguish. These plans may have web sites with pho

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 testimonials and fake information. While MLM businesses have frequently been linked to pyramid schemes they are

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

not the same thing. Legitimate MLM companies sell real products and make real money.

The myth that you will make

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

Following aspects would a

money by doing nothing is an extension of the pyramid scheme. In reality, you must work hard in a MLM in order to

dd to the challenges in developing combination products:

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

see a profit. It may take awhile to become profitable, but with hard work and perseverance you can make money. As

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

with any business, you will get what you put into it when it comes to sweat equity.

Another myth is that the more

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

people you bring into the organization the more money you will make. While this may turn out to be true, again, i

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

t takes a lot of hard work, team-building and training to get a team that will be able to make money and not drop o

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

Professional from academic institutions, pharmaceutical industries, health care indust

t. In order to make money you need to have a group of people in your downline that are as committed and hard worki

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

ng as you.

Yet another myth is that you need to start big. In reality, the best way to build a business is throug

.

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

h steady growth. If your company offers a catalog of products, choose two or three at most to promote and work wit

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

Companies that provide selfless information through particip

h those for several months. Build up your sales starting with friends and use word of mouth to help generate sales

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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