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In the world today it is not wise to rely on your employer or the government for a comfortable retirement.

Although the stock market average returns have historically been

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

positive, it is not guaranteed to continue to be a “safe” place for your retirement savings.

What you can do now to have a comfortable retirement is to start a part-time

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

Examples of combination products may in

usiness that generates a residual income. So that when it is time to retire, you can rely on the income of your businesses rather than the stock market.

Residual income is

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

income that continues to be generated after an initial effort has been made.

For example, if you write a best-selling book, or record a hit song, you would receive royalty

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

checks for each copy of your work sold in the future. Even though it may have taken you a couple of months to write the book, you will continue to get checks for years to c

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

Combination pro

me, every time your book is sold.

But not everyone has the writing or creativity talent to write a best-selling book or record a hit song.

Everyone though has enough skil

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

ls to recommend quality products or services. And that’s why I suggest everyone should get involved in a part-time MLM business.

Recommending products is something you pro

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

ably do already but just do not know it.

If the MLM company you get involved with provides excellent products or services, you can recommend their offerings and make a sal

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

once and get paid on it residually for years to come. Just like if you wrote a best-selling novel!

What makes the MLM business model even better is when your customers be

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

in to recommend the product or services to others, your income can double and triple without much new work from you.

The hardest part is making the initial sale but if the

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

company you are involved with has a good marketing and training system in place, it makes your job easier.

There are various MLM business opportunities and many different

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

Following aspects would a

products that you can offer. The list includes nutritional products, cosmetics, toys, motivational training, books, house ware, home cleaners and clothes.

You can use a se

dd to the challenges in developing combination products:

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

rch engine to find MLM business opportunities or you can go to a site like www.MLMConnections.com to get information on MLM businesses from independent distributors.

To be

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

successful, MLM business opportunities still take work. You will have to set aside time to run the business like any professional business person. And set some short-term a

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

d long-term goals along with a marketing plan to make those goals realistic.

Lets say you got started in a MLM business and there was a required monthly product purchase o

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

$200. In a worst case scenario, you did not make anything during your first year with the company and during the second year you averaged $1,000 a month.

So you paid $4,8

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

Professional from academic institutions, pharmaceutical industries, health care indust

00 ($200 x 24 months) for your business expenses and made only $12,000 ($1,000 x 12 months) giving you a profit of $7,200 after 2 years.

If you were to invest $4,800 into

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

he stock market and average an excellent 20% return, you would have about $5,800 after 2 years. So as you can see this worst case MLM scenario beats out a best case stock 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

rket scenario.

If you are to get involved with a MLM business on a part-time basis (10-15 hours a week), consistently make product sales and find and train 2 to 4 new asso

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

Companies that provide selfless information through particip

iates every month, in most MLM companies you will be making a five figure monthly salary within 2 years.

This for most people would be a very comfortable retirement income

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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