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It's a sad fact.

98% percent of network marketers don't know the first thing about marketing or promotion. It

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

's no wonder they're failing left, right and center. What if I said with a couple of key skills, you can take your ML

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

Examples of combination products may in

business through the roof? Have you ever heard the saying that 10% of the people make 90% of the money? Well let me

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

tell you right now what that 10% are doing differently....

One of my business partners - Mike Dillard of Magnetic Sp

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

nsoring fame has been quoted as saying that Network Marketing is an industry of marketing and promotion pursued by pe

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

Combination pro

ple who don't know how to market and promote! It's such a great way to summarise this industry and the people in it.

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

I've always looked upon Network Marketing as a win/win situation. You see, when I got started, I had the attitude tha

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

at the very least I would learn valuable business skills such as marketing, even if I wasn't making any money

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

to start with. And I didn't make any money for a while, but I sure as heck learned a lot! And I still do.

Don't B

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

A Sheep

You see, if you stop following the crowd and dedicate an hour or two each evening to studying marketing

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

within six months you'll be creaming your competition with whatever you're selling. If you learn Marketing - you'll

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

Following aspects would a

have people walking bare foot over broken glass to get what you're selling.

Think about this - when we start in a ne

dd to the challenges in developing combination products:

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

work marketing company - what's the first thing your company tells you to do? That's right, make your '100 list'. Thi

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

is a memory jogger to write down everyone you know. They then tell you to talk to all these people about your produc

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

. I say SCREW THAT!

The biggest problem with this idea is that the overwhelming majority aren't in your target ma

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

ket. What is your target market? Well let's say you're promoting a nutrition product. Your target market consists

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

Professional from academic institutions, pharmaceutical industries, health care indust

of people who are actively using nutrition products. Or maybe people who have health problems that need curing. Do yo

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

think these people would be much more enthusiastic about your product than random people on the '100 list'? You can

.

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

et they are.

I have several easy steps to generating a MASSIVE target market list of likely customers. These steps a

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

Companies that provide selfless information through particip

e talked about in my training - feel free to subscribe if you'd like to learn more. It's a win/win situation remember

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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Starting a business can become very stressful. You have to worry about legal issues, business plans, marketing, and advertising. All these take a toll on a person.

Networking – it’s the latest business trend. Or is it? Actually, business owners have always engaged in the art and science of networking.

Learn these 3 easy steps that show you how you can hire a good and reliable private investigator to help you perform your investigator work.

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