Top Adding - Home Based Business

Like anything else success in network marketing or mlm (multi-level marketing), comes with a lot of hard work,patience,time, and of course, it comes with it's own learning curve. How fast one gets past the learnin

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

g curve depends on education, training, and how fast one learns and avoids the mistakes often made in a network marketing business. In this article and the next one I want to focus on some common mistakes peop

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

Examples of combination products may in

le make in network marketing and how you can avoid them and not let them hinder your success.

One of the first mistakes is listening to 'hype'. Have you ever heard someone tell you to 'join my company -you'll ge

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

spillover' or ' I'll build your downline for you' or 'you just need 2 people and you'll be rich'? Well you know and I know it just doesn't work that way. Too many times people promote 'laziness' just trying to

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

convince people to get in their mlm company. They are desperate and are desperately trying to build a business this way. It won't work it never has and never will! It takes a lot of hard work and time to build

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

Combination pro

a successful long-lasting network marketing business.

Another problem in every network marketing business is people signing up and then not doing anything. When they are new they don't know what to do! Trainin

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

is a must! Most companies don't do effective training and uplines a lot of times don't do any. People have to be properly trained so they will know what to do otherwise they will do nothing or do the wrong thin

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

gs and end up worse off. This is why you need to have a system in place to plug them into immediately to get them trained and making money ASAP. When people know what to do they are more likely to do it. Thi

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

s brings us to the next mistake and that is …

You must be duplicatable! If you don't have a system in place that's simple and duplicatable then you will have a hard time succeeding. Network marketing is about

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

duplication. This is why 95% of people in network marketing fail - they are not duplicating. The other 5% are recruiting machines and they do most of the work. They can bring in distributors by the truckloads

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

and build a big business but not many of their people can do that. Do you really want to build this way? Wouldn't it be nice to bring in people with a proven duplicatable system and plug them into it and then

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

Following aspects would a

they do the same thing week after week? Imagine how fast your business would grow! Now it never works that everyone is going to build a business that you sponsor into your network marketing company, but what

dd to the challenges in developing combination products:

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

if just 30% duplicate what you're doing? Would that not be super growth over time? Run the numbers! And besides just having distributors as customers is a good thing- they don't all have to sponsor people. Th

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

e idea is having a lot of people doing a little bit.

Another mistake is talking to "friends and family" first about your opportunity. That's not a good idea unless "Aunt Sue" likes network marketing. Talk to

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

them about your products and get them as customers. Then when you're making 4 or 5 figures a month you might then mention your business to them but never make a big deal about it. Be elusive and say just enough

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

o elicit more questions from those who might be interested.

Another big problem is not managing your time wisely. This is a killer for your business because certain things must be done daily to consistently grow

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

Professional from academic institutions, pharmaceutical industries, health care indust

your business, and if you don't manage your time you'll end up frustrated, broke, and in a bad mood with network marketing. If you fit into this category of not managing your time efficiently, or if you just want

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

to get more out of the time you're spending with your business then I highly recommend a program called 'simpleology' at "http://www.simpleology.com". This will help you manage your time and help you to understa

.

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

d what you need to do to accomplish your goals and show you the fastest way to reach those goals.

This is the first part of a 2 part series- you don't want to miss part 2! We'll look at how choosing the wrong

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

Companies that provide selfless information through particip

company can have a major impact on your success and how fast you get there. Plus, we'll look at other critical mistakes so common that people make in network marketing.

© 2006 Beverly Butler - All rights reserve

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.topadding.org.ua/article/156545/topadding-Success-in-MLM-and-the-Mistakes-to-Avoid--Part-1.html">Success in MLM and the Mistakes to Avoid - Part 1</a>

BB link (for phorums):
[url=http://www.topadding.org.ua/article/156545/topadding-Success-in-MLM-and-the-Mistakes-to-Avoid--Part-1.html]Success in MLM and the Mistakes to Avoid - Part 1[/url]

Prior to purchasing or leasing a car, it is wise to study the market and learn how to protect the resale value of your car.

Buying life insurance in Washington State comes with an interesting benefit. When you purchase life insurance in Washington you have a full ten days to review the policy. If you decide after reading all the fine print that you don't want the coverage, you can cancel it without penalty within...

Clarity gives you choices and power! Lawyers can give you the clarity you need when making decisions that could affect you and your family's life....

Tags

Links

Top Adding - Success in MLM and the Mistakes to Avoid - Part 1

Related Articles: