Main Subject - Business

Ok...Now That I've got your attention let me explain what I mean.

I've had numerous debates with some very smart people and al

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

l they want to do is talk about the importance of compensation plans

They always talk about how a lot of thought goes into com

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

Examples of combination products may in

ensation plans and how a proper compensation plan is vital to a company’s growth and longevity.

Blah, blah, blah, blah blah...

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

Now please understand that I am not disagreeing with those who take this position. There is A LOT of truth in what they are

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

aying.

My point is simply this.

Making a compensation plan that is super-complicated is not conducive to getting people in th

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

Combination pro

business.

Here's Why

Most people don’t understand a 4x7 forced matrix with roll-up and compression with a 1-up bonus structu

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

e that pays infinity bonuses down to 12 levels. It takes a PhD to understand that as long as you've achieved diamond status and

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

have 6 members with platinum status below you then you're eligible for the override bonuses on the 16the level...assuming of co

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

rse you've met the BV and PV requirements.

Instead why don’t we just say...Get 4 who get 4 who get 4...and so on....and when t

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

is happens you'll make a boatload of money.

Let me put it another way.

Do you understand everything there is to understand ab

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

ut electricity?

But are you willing to flip the switch and get the light when it comes on?

Here’s the HARD CORE SIMPLE TRUTH

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

Following aspects would a

of the matter.

If you can effectively grow your downline then you will get checks in your mail-box. Your income will grow reg

dd to the challenges in developing combination products:

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

rdless of whether or not you understand the intricacies of the compensation plan.

If you blindly join a business opportunity t

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

day and then you bring in 100 people tomorrow, then guess what...YOU'RE GETTING A CHECK!

But...

If you join a company, and yo

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

understand all of the intricacies of a the compensation plan but you don’t bring in a single person then guess what...YOUR NOT

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

GOING TO GET A CHECK

It's pretty simple if you ask me.

So my suggestion is this.

If a company feels it necessary to have a c

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

Professional from academic institutions, pharmaceutical industries, health care indust

mplicated compensation structure then that’s cool. But from a marketing/recruiting standpoint my advice to you is to simplify

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

he whole thing and just tell people:

"Hey...if you can get X people and those people can duplicate your efforts then you'll ma

.

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 X-thousand dollars a month"

Remember -- Keep It Super Simple.

If you try to explain a complicated compensation structure to

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

Companies that provide selfless information through particip

a prospect then chances are that you'll confuse them.

And in Sales training 101 it states that- A confused prospect NEVER buys

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 concept of e-fit is a new one in the field of retailing and garment merchandising. This technology is in its primitive stage but has started showing positive outcome. It is being predicted that in coming years e-fit technology would change the entire scenario of customized shopping experience of the customers. It saves time and resource wastage as there is no unnecessary trials and returns of the garments.

In life, you make your own luck: and when you're looking for the best business opportunity for your particular situation, the same thing holds true. If the ideal business opportunity doesn't just fall straight into your lap (and let's face it, it probably won't) you may just have to go out and create one yourself.

Successful managers and business owners know that to get the best out of their people they need to concentrate on the human interactions and make that emotional connection.

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