Main Subject - Business

I don't know if anyone has ever told you that before, but if you look at some statistics (google it) you will find out the truth.

Now, don't get me wrong, 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

love MLM. I get checks every month from several different companies that I am involved with.

I have noticed a few things that can help you really evaluate yo

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

Examples of combination products may in

r business, or a business that you are considering getting involved with..

Here they are..

1. Denial

Most people involved in MLM are losing Money. This is

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

simple fact. What's not simple is that people will justify as to why they are spending more money than they are making. I call this MLM Denial. If you are 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

ending more money than you are making on your MLM, your MLM is a failure.

Now of course their are advertising expenses, start up expenses, learning curve exp

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

Combination pro

nses, but if you are not being profitable on the "front end" of your business, you will never be profitable on the "back end"

Why would you run a business at

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

a loss? How long would you run a business at a loss?

2. Duplication

What your upline does, may not be working for them, why would you duplicate that?

Many

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

people get involved and then try to do the exact same thing that their upline just did to attract them into the business. This sound reasonable right? Problem

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

is it isn't duplicatable. I recently heard of a person that sponsored someone by posting a craigslist ad. Now if everyone in MLM posted a craigslist ad, how w

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

uld that be effective? It simply wouldn't. Maybe your upline is effective at the friends and family thing. Maybe you don't have the same skills. Maybe your up

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

ine has a lead generation system that you can't duplicate.

3. The Numbers

Most people don't know the metrixs or the numbers of their businesses. How many p

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

Following aspects would a

eople do you have to talk to to sponsor one person? How much time does that cost you? What is the ultimate value of a new downline member. Is it even worth it

dd to the challenges in developing combination products:

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

4. Running the business like a Ministry.

Let me give you an example of this... I recently was talking with a prospect that had a "potion" that he was convi

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

ced that cured all kinds of health ailments. Now I don't know wheter it did or not, that is not the point of this conversation, but I believed that he believe

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

d.

He made about 10.00 per bottle when he sold this stuff. He was spending a lot of time running around delivering these bottles, giving away free samples, a

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

d trying to sponsor people into his downline.

He was convinced that he was doing these people a huge favor by telling them about this product.

Problem was h

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

Professional from academic institutions, pharmaceutical industries, health care indust

was actually operating his business at a loss. His net per hour was actually -.52 per hour(including gas and drive time)

This is what I call a "Ministry Ope

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

ration" He is not doing this because he wants to make money. He is doing it because he thinks he is "saving the world" Of course this is a noble cause... but

.

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's not get running a ministry confused with building an mlm empire.

Take a moment and evaluate your business. Are you running it like a business or like a

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

Companies that provide selfless information through particip

inistry. Are you out of denial, and paying attention to the 'numbers' of your business?

As always we would love to hear your questions, comments and concerns

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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