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Most network marketing companies have a compensation plan that gives incentives for sponsoring or registering new distributors or associates. Similar to a franchise model in which the corporation c

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

an open up new outlets, you, as a network marketing professional can open up new outlets as well. The meeting in which you show your potential associates the marketing plan is one of the most impor

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

Examples of combination products may in

tant skills that you must develop. Practice is the most effective way of getting better. However, to help you speed up the process here are some tips that have shown to be effective when presentin

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

g your marketing plan.

Focus on the future – Whether you are working with a large company that has been around for decades or a small one that has lots of promise

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

it is important to focus on where the company is going more than where the company has been. If you talk too much about past success people might feel as if they have missed out. You mu

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

Combination pro

st show them that NOW is the best time to start a business because of where the company is going.

Set them at ease – Talk about yourself. Where you grew up, went

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

to school, went to college, etc. Talk about your fist job and maybe your career outside of your network marketing business. You want people to be able to relate to you. T

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

hrow in some funny stories from your past.

Talk about what your old career was missing – Talk about how you didn’t want your boss’s job. Talk about why you wanted to c

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

hange your life’s direction and start your own business. Your prospects have the same complaints you did even if they don’t talk about it. The more you can explain why you were look

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

ing for an opportunity the more your prospects will start to take your side.

Talk about LIFESTYLE – Talk about your upline mentors and their lifestyle. Talk

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

about how they live and the freedom they have. Your audience needs to know what kind of rewards are ahead for them if they will commit to building a business of their own within your comp

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

Following aspects would a

any.

Talk about the advantages of business ownership – Give people the reasons whey they should be starting their own business. Remember that most people are

dd to the challenges in developing combination products:

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

employees and so you should demonstrate how the tax laws are written for the business owners and not the employees. Talk about how the wealthiest people are almost always business owners

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

and investors, not employees.

Mention the money available but talk more about what that money could do for them. -- People ultimately want to know how much money

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

they can make. You should give them the numbers, but be sure to talk more about what that money could do for them. If you mention that at a certain level they could make $1000/mont

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

h, talk about how that would be enough to pay for a new car or a better apartment, or maybe just a good family vacation if they saved it for a few months. People can relate to these thing

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

Professional from academic institutions, pharmaceutical industries, health care indust

s and you might be providing a solution to a big problem for them.

Presenting your business plan is also one of the scariest things to do when you are first starting out. Just remem

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

ber that your first one will always be your worst one, so just get out there and get it over with! The more you present, the more confident you will become and the higher your sponsoring rate will

.

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

soar. It’s all about repetition. Good luck!

Each one of these ideas is critical to your success. It’s also a good idea to check out some of the other resources available at elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

lmachiever.com/" target="_blank">mlmachiever.com They have some good articles and resources that cover the basics of building a solid network marketing business.

Written by Cyrus Uible

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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