Top Adding - Home Based Business

Many organizations are not receptive to the direct sales or home based business person as a serious business owner. Why is this?

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

Some food for thought: ~ The professional small businessperson does research into their ideas, products, services, etc before starting a

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

Examples of combination products may in

company.

~ The professional small business person has invested time, money and effort into their business so they are less than w

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

lling to close up shop and change to another business.

~ The professional small business person returns phone calls, returns ema

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

ls and does follow-up with their clients, potential business partners on a regular basis.

~ The professional small businessperson

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

Combination pro

is informed about their products and services and able to answer questions about such products and services. For those questions they may

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

ot have an answer to, they find out and get back in touch with the person and get that reply to them.

~ The professional small bu

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

iness person may not be comfortable at first, but tries to put themselves out there. Learning more, sharing more and doing what it takes t

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

build that business to the level they desire.

Now if you are a direct sales company representative, you can do all of the ab

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

ve - if you choose to. It's those in direct sales that do the following that give direct sales representatives a bad name:

~ Chan

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

e companies on a regular basis (sometimes as frequently as monthly or weekly) and then try to pitch/spam their targets with their new prod

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

Following aspects would a

cts or services.

~ Doing everything via email and in some cases not even responding to an email inquiry.

~ Failure to re

dd to the challenges in developing combination products:

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

urn a phone call inquiry or lack of a phone number on a website or business card.

~ Websites that are full of pop-ups and ads.

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

~ Lack of information about the products or services they are selling.

~ Failure to step out of the comfort zone and talkin

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

either by phone or face to face with someone regarding their products or services. Hiding behind a computer.

People choose t

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

work as a direct sales company representative for many reasons - being able to stay at home, extra money, work your own hours, etc. In th

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

Professional from academic institutions, pharmaceutical industries, health care indust

end, each person has their own goals to achieve and no one can tell another person what their goals should be. However, being professiona

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

at all times should be a #1 priority for the small business person, regardless of if you run a storefront, a business from your home or a

.

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

e a member of a direct sales company.

Don't be the one giving other direct sales representatives a bad name and if you are a

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

Companies that provide selfless information through particip

professional small businessperson and see someone falling into the traps above - offer them some assistance. We are all in this together :

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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The decision to start my own business was a hard one. I went through a lot of doubts, a lot of fears. Required a lot of long hours, and hard work. There were times I wondered what am I doing? What if I fall flat on my face? How long is it going to take to start a profit? You took a temporary back seat to the business start up. You listened patiently as I explained my goals and my dreams and you saw my eyes dance with ideas that you did not let die. You saw the determination and you listened.

The internet is a great cash machine for big and successful players. The issue is: How can a small or home business benefit from this global money machine?

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