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Top Adding - 4 Simple Steps to Increase Network Marketing Retention Rate
What is your worst fear in network marketing? Let me make a guess. How do you make your team member stay? I believe all network marketers have encountered this problem and it's
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
not uncommon.
According to statistics, around 50% of new members will stay and the rest will drop out. So don't worry if your retention rate is about half.
Although it's bey
According to statistics, around 50% of new members will stay and the rest will drop out. So don't worry if your retention rate is about half.
Although it's bey
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
ond your control if your member decide to leave but there are solutions to make them stay and it's no rocket science. Many marketers lack this knowledge and very often most of
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
them do not go far. You will be surprise how simple yet effective these formulas can be.
Here are 4 simple yet effective steps to increase retention rate.
1. Kick starts your
Here are 4 simple yet effective steps to increase retention rate.
1. Kick starts your
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
new team member.
When some one decides to join your team, kick start him with a step by step guide on the things that he or she need to do to jump start their business. It ge
When some one decides to join your team, kick start him with a step by step guide on the things that he or she need to do to jump start their business. It ge
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
ts their momentum going.
Normally what I will do is to get them to download a copy of my guide which I have pre written. Get them to read and make notes and ask questions rega
Normally what I will do is to get them to download a copy of my guide which I have pre written. Get them to read and make notes and ask questions rega
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
rding anything from marketing to the product itself. I will set a time and day to speak to them personally or even meet up with them, open up my laptop and show them how I do i
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
. Then go through the team's plan and set up an individual marketing plan with them.
This will be a good way to see if your new members are serious. If your new members keep c
This will be a good way to see if your new members are serious. If your new members keep c
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
alling, asking you questions about the business and wanting to learn more, chances are that they are serious people (They are the ones that will stay).
2. Be responsible for e
2. Be responsible for e
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
very single one
Don't leave your members to fend for their own. They will eventually lose interest and drop out. Get to know how are they progressing and if necessary step in
Don't leave your members to fend for their own. They will eventually lose interest and drop out. Get to know how are they progressing and if necessary step in
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
to help them if they are struggling. Make sure they have access to you so that they can get answers from you when they have doubts. Give them a few options to reach you by phon
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
e, email or even meet up.
3. Motivate them
This is unquestionably an effective way to keep your team together. I do it in 2 ways, verbal motivation and action motivation
If
3. Motivate them
This is unquestionably an effective way to keep your team together. I do it in 2 ways, verbal motivation and action motivation
If
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
you have an interesting success story or quotes, send it or tell it to your members and get them to response to you about how they feel about it. Let your member know about you
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
r progress and your achievements. Most importantly, teach them how they can do it too. This is one way you can motivate them verbally.
Action speaks louder then words and mos
Action speaks louder then words and mos
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
people want to see concrete results. Show your members how you run your marketing campaign and the results of your campaign. Guide them through on how they can duplicate 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
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
success.
4. Creating a sense of belonging
Another way that you can increase your retention rate is to get your members together frequently. This way you create a common commu
4. Creating a sense of belonging
Another way that you can increase your retention rate is to get your members together frequently. This way you create a common commu
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
nity, where members meet one another and exchange ideas and information.
This could in a form of workshop or seminar. Where you can meet your members on a weekly basis and con
This could in a form of workshop or seminar. Where you can meet your members on a weekly basis and con
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
duct lessons to teach them various marketing tactics and methods.
There are also other ways like web conference and discussion board.
So if ever my member asks me how to make
There are also other ways like web conference and discussion board.
So if ever my member asks me how to make
.
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 there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
a new member stay.
My answer will always be, be there for your members and do anything that will help them to grow. (I will seek help from my mentors and leaders if I don't h
My answer will always be, be there for your members and do anything that will help them to grow. (I will seek help from my mentors and leaders if I don't h
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
ave the answer for my members! That's the way to do it)
Making your members stay is no secret. Create a strong synergy within your team and people that will stay, will stay on
Making your members stay is no secret. Create a strong synergy within your team and people that will stay, will stay on
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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