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    Today I am going to share with you another popular way for you to get more money and hopefully retire young. As I said before, there are a lot of ways for you to invest your money and time, these i
    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
    nvestment vehicles include property, stock market, mutual funds, online marketing........ I am going to talk about multi-level marketing today. You certainly know the big names in this business suc
    ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

    Examples of combination products may in
    as Amway, Nu-Skin......etc.

    I used to be like most of you, tired of daily work and having difficulty to breath at the end of every month because there are tones of bills to pay! I am disappointed
    lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

    with my pay and I have problems settling my credit card bills, phone bill, home loan.....etc every month. I am searching all available ways to improve my income.

    I met one of old high school frien
    here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    s when I came back from UK after my MRCP examination and he told me that he has found a way to double or even triple his incomes with only half his effort. I was so excited at that time because I a
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    lmost spent all my saving after my MRCP PACES in UK. I have no ideas at all at that time what kind of business he was talking about but he seemed doing pretty well with a few offices in Indonesia,
    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
    ong Kong and China.

    My friend invited me to one of his company meetings and only at that time, I learned about MLM ( Multi-level Marketing). The idea of MLM is quite simple. You help a company to
    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
    ell products , you earn commissions based on your sales of products or service provided by your parent company. However, the business becomes more lucrative if you bring more people to join you bec
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    use the more your downstream members sell, the more you would get as commissions! So the philosophy of this business is simple and attractive, you should not aim to sell products, you can get more
    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
    if you train people to sell products for you! I was totally amused by this idea!

    Imagine that you can recruit 10 people under you, if you train them well and all these 10 members work hard and eac
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    of them recruit another 10 members for you, there will be 110 members under you!! Imagine further if all of them make an US10 profit for you every month, you will be getting US1100 per month by do
    ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

    Following aspects would a
    ng nothing! ( This is what we call passive income and all of us are dreaming for that!)

    The business idea is certainly fantastic and I worked very hard to get members under me. However, it did not
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    take long time for me to realize the following,

    1) If you are not the kind of person that likes to talk and promote products, it is a though business to venture into!

    2) Certainly the earlier you
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    join the business, the better. Why? Because I notice that when I approach my friends, half of them already joined the business and I couldn't find any new members.

    3) In order for you to be at th
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    top of the pyramid, actually, you are stepping on many others under you to get the money. Therefore, there are 100 or even 1000 times more losers than winners in this business!

    4) And the worst 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
    ing is the winner is always the parent company and not you!

    Therefore, I am thinking if I work hard for that company, why not myself starts a business and recruit people to help me to sell product
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    and I pay them commissions?

    I always believe that in order for you to earn your money faster with only half your effort, you must leverage your time and money. I would talk more about this in my
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    future posts. I think if you would like to join Multi level marketing, why not try to set up a company/business and franchise to others and make money from that!

    Think twice before you join them b
    .

    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
    cause you might not climb up the ladder. And the worst part, you are always the one who is under somebody and make money for others. (Therefore, it is no different from what you and me are doing ri
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    ht now as a worker!)

    I think I might not be able to cover all my investment tips in 12 lessons, so I would give you another 2 lessons entitled 'Business and Intellectual Property' and 'Conclusion'


    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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