Main Subject - Business

If you are looking to get involved in Network Marketing, or if you want to change networking companies, here are some tips on how to get it right 1st time!

I got lucky. Very lucky as it turns out. 12 year

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

s ago I met a couple who told me about the International networking business they were building as they travelled around the world. I got involved without doing any research other than attending a national

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

Examples of combination products may in

training day. I knew nothing whatsoever about the Industry, very little about the couple and nothing much about this particular company, other than what I learnt that day. (Ignorance is bliss). It is only

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 hindsight, having met many people over the years since who have been in 2, 3, 5 networks or more that I realise how unusual it is to join a good company on day one in network marketing. What I did re

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

alise straight away however is that when a network marketing company gets it right (more on that shortly) then you have the most amazing concept for creating a pension-style income

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

Combination pro

in 3-5 years, and for freeing up your time to enjoy your life. It certainly beats working 9-5 for 40 years with no guaranteed pension at the end of it (for most people that is th

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 case these days). And people from any background can build a successful business with the right company and the right attitude.

From my 12 years experience in networking, and working wi

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

th many people who have been in other mlm companies, these are some of the key points I feel you should be able to tick when considering which company to join. It is so important to do your research becaus

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

e, unless you have excellent intuition, you could spend the next 2-5 years (or more) building your network, only to have the company go bust, leaving you with absolutely nothing, and probably putting you o

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

ff the industry for life. And yes, I know people this has happened to.

Here are the key points: (in no particular order).

Do they have a proven track record of success?
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
trong> (Again, you need the stability if you still want to get paid 5-10 years down the line.) A new company could be here today, gone in a year.

Do they have consumable products? (Who wa
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a
nts to put all their time and effort into continually finding new customers, which is the case if your company’s products are not consumable. Don’t you want your time freed up to build your network if you
dd to the challenges in developing combination products:

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

want a big business? So consumable products are essential for that to happen.)

The Marketing Plan. When you reach a position in the company’s plan, what do you have to do to maintain that position?
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

g>Can you slide back down the plan if you don’t maintain volume? (Who wants to get penalized for taking time-out?) What is the top bonus payment percentage? ie are the company rewarding you fairly

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

? (I get up to 68% including the extra incentives)

Is the plan generous to people at all levels, or just those who were in at the beginning? How easy is it to move up the plan quickly?

I

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

s the Company ethical? Do they have a stable Management team? Do your research! Spend some time now getting it right, so you don’t waste your time for years to come on the wrong company. T

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

Professional from academic institutions, pharmaceutical industries, health care indust

here are a lot of good Network Marketing Companies out there - and some may not be so good...Are the distributors ‘happy?’ Don’t just take your sponsors word for it, talk to others outside your sponsors gr

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

oup who have been with the company a while.

Do they have a good training program in all areas of the country or are you left to ‘get on with it’ once you sign up? (You may be very self-mo

.

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

tivated and have previous experience of networking, but what if the people you recruit need training - and what if they live at a long distance?)

I hope you find these tips guide you in the right directio

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

Companies that provide selfless information through particip

n and Good Luck with your networking career.

For more info about my Company click here

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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