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  • Main Subject - Offline Vs. Online Marketing Have The Winds Of Marketing Changed

    As I ponder this question, as I am sure you are too, there are many thoughts that whip around in our minds. Students of marketing are no longer only being taught the standard marketing strategy. The shift to online marketing has gained such strength that those that had never considered the Internet a viable choice are now including it as an important part of all their marketing efforts. O
    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
    ne of the reasons for that shift is the vast amount of monies that are saved on printing costs vs. online set up fees.

    In the past business owners had no choice but to pay out the hefty fees necessary to print hundreds of copies for their ad runs only to find that the ad campaign failed or had at most a small response rate. If they were tracking the response then they had to go back to t
    ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

    Examples of combination products may in
    e board and create a new ad campaign and print and mail that doubling their initial investment. On the contrary, once the website has been created the expense of changing the look or feel of your campaign is minor.

    Both online and offline the length of time that it takes a browser to become a buyer may not be much different. But how do you turn a browser into a buyer? As marketing profes
    lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

    sionals and students alike know very well, it takes seven to ten contacts with a customer before they become the sought after buyer. Familiarity is the key. You have to build trust and that only comes with time. After the sale that trust must continue to increase or the new buyer may not come back and certainly won’t refer their friends and family to you. However, I am getting ahead of my
    here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    elf. We’ll save this discussion for another time.

    Some of you may think that your business is different. You don’t have a product that would benefit from an online presence. Perhaps you think that traditional marketing is the only way to go. I would like to offer an example if you will indulge me. Let’s say you own a bakery. We’ll call it My Little Taste of Italy. You are located in a sm
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    all town in southern California and have a loyal, local, customer base. As you sell perishable goods how can you possibly benefit from an internet presence? I will now show you just how viable the internet is for a business such as this.

    Our first step is to put together a web presence. This will take some marketing dollars that you may feel are better spent in the local market but reali
    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 we are now talking global marketing. As you know very well, as your market area increases so does your potential customer base. When putting together your website you will need to optimize your web presence with every available means. So what you need to consider are not only your keyword density but what keywords you should use. This is done by checking out the competition. Look at the
    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
    words like, bakery, Italy, Italian, and perhaps some of your product line biscotti, rosettes, cakes, cookies, muffins, brownies, and any combination of those words. After checking out the competition you will know whether you should continue to use these as your keywords or look for more specific ones.

    Once your site is complete and your online presence is there you need to begin your m
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    rketing efforts. One thing that you should do is to link the offline with the online markets. Perhaps you can send a custom postcard to make your offline market aware of the convenience of online ordering. Continuing to mix the two marketing arenas is always a wise investment. As I have heard it said many times before, putting all your eggs in one basket is asking for trouble.

    There are
    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
    specific steps you should take to optimize your web presence. Having a website is just the beginning. Lead generation, customer acquisition, 1st transaction, subsequent sales, delivery of content, and back-end sales marketing efforts should be interlinked both online and offline. If you are not doing this you risk leaving sales unrealized and money on the proverbial table.

    It is well kn
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    wn in marketing arenas that spending minimum amounts of money to obtain leads will result in minimum, low quality leads. So what I am suggesting you do is to narrow your lead base by qualifying your buyer. If a customer is really interested in what you have to offer they WILL take the time to learn all they can about you. One of the things the bakery we used as our model, My Little Taste
    ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

    Following aspects would a
    of Italy, does is to network effectively both online and off. You are your best salesman, let others know you are there and if your product is as good as you believe it is your customers will come back again and again.

    Besides networking what else does My Little Taste of Italy do? They have products of the highest quality, yet if others don’t know they exist how are they ever going to wi
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    new business. Let’s see what else they do to further promote their goodies? One idea they might try is adding a little something extra in outgoing packages. Why would they spend hard earned income giving away goods for free? If they truly have the best products around, then giving out samples can only increase the chance of customers trying something different in their next order. The mo
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    re they try the more they will buy. That is why samples have been such a profitable investment in any business effort over the years.

    Another point I would like to make here is presentation is priceless. No matter how good your product is you want to wow your customers. Make sure when your customers receive their packages they are satiated with all of their senses. Remember the eye is t
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    e window to the soul and the presentation is as important as the offering. For this reason the bakery we have chosen as our example, My Little Taste of Italy, packages with care each and every outgoing shipment.

    Now you have your product and packaging, your web presence and a few customers. Let’s see what we can do to increase the customer base. Article marketing has been proven to be an
    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
    effective tool. Use the media, whether offline or on to grow your business. Be sure the information is such that the media will even care. A holiday is a good time to send out an article or press release to announce an event, new product, or business expansion that you are promoting. Again we turn to the bakery. One thing that My Little Taste of Italy could do is put together care packag
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    s for the soldiers stationed overseas. That would be a good idea for promoting their business while serving the community. The media loves the holiday angle. One of the benefits is that any coverage you gain by making the media aware of your efforts costs you only the time and effort to put the information in-front of them if you have the ability and talent to write an effective press rel
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    ease or article. Your press release communicates a newsworthy story and should not be a blatant ad. Once crafted, you will need to disseminate it to the right audience if you expect it to be picked up; this is where a press release copywriter becomes invaluable. The amount of money you will invest to have a skilled press release writer send your release out is one of the wisest investment
    .

    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
    you will make. In addition, once you get picked up by one media source the possibility of being picked up by another greatly increases.

    While you continue to market your business in non-traditional ways and traditional alike you should always remember that with marketing the terms are always changing. What I mean by that is look at the telemarketers, email marketing, and such. With the
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    ever changing tide of laws governing how we can market and what we can do to avoid spamming our marketing efforts should never be stagnant or single focused. In other words, use several types of marketing, not just a single email campaign. Varying your efforts guarantees you won’t suffer huge losses in revenue if what you are doing is affected by these changes.

    Copyright 2007 Ginger Mark


    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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