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Top Adding - Expectation Versus Reality
Last Thursday, one of my downlines told me that he will quit if they don't make a thousand dollar in a month. That's a very common statement th 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 at you will often hear in the network marketing industry and I must admit that I am one of them too. I can still remember clearly when I first ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in got started, I set a target for myself that I'm going to make ten thousand dollars in my first month. Third day into my second month, I barely lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. made any sales. Of course, I'm disappointed and was in the verge of giving up. However, I hung on and my stubbornness paid off. I realize tha here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe I was actually sitting on a gold mine (A Network Marketing Business), an equal opportunity business for everyone to create wealth. My expecta d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro tion was way beyond my capabilities. I was new to network marketing then and to make ten thousand dollars in my first month was almost impossib 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 le. Well, I'm not saying it can't happen, it can but not for my case. Many network marketers set goals that are unrealistic and almost impossi 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 le to make it. Some even expect to profit in their first few months without doing much work. Let's face reality, on average it takes 6 to 12 mo nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically nths for you to build your foundation and 2 to 3 years for you to be able to generate a steady flow of monthly passive income if only you put i 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 n the equal amount of effort. Don't get me wrong, I'm not saying that you don't need to set your targets or goals. What you need to do is to s ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi t a reasonable target or goal for you to accomplish that is within capabilities. Only you know what's best for yourself. Here are some tips yo ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a u can follow to ensure that you set realistic goals in your network marketing business and make it. 1. You need to know where you come from? dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod Are you new? Or have you heard a thing or two about it? Or are you an experience network marketer? You need to know where you come from first b cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin efore you can set your targets or goals. You see, an expectation is not set solely by what you want or where you want to get to. You must know tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen here you stand in order to set a reasonable expectation for yourself and slowly as you progress you set a higher expectation. 2. What are your 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 capabilities? Everyone has their strong points and weak points. Some are good at selling and some are good at communicating. When you know wh ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust at you are good at, you can set what to expect for yourself. So work on your strong points and at the same time learn at the things you want to y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products improve on to take you to the next level. Do you know your capabilities? 3. Inspect what you expect. Have you wondered why some are able to m . 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 eet their expectation and some not? It's pretty straight forward, they do what it takes to be successful. So inspect what you are doing. Does i elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip t take to meet your expectation? So are you setting it too high for yourself to achieve? Bottom line is your expectation needs to meet reality 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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