Main Subject - Business

The prospect of importing goods from China is both exciting and terrifying for many sellers. On one hand there is huge potential for making money from reselling wholesale goods p

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

urchased very cheaply. But on the other hand, language and cultural barriers present a number of difficulties to sellers. The main issue that everyone is worried about is payment

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

Examples of combination products may in

How do I pay? Will my money disappear?, and so on.

The difficulty lies in the fact that most Chinese wholesalers will only accept Western Union and wire transfer payments. The

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

se are not secure payment options so they must be treated with caution.

However, the main reason why these are the only payments accepted is that they are in fact the only payme

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

t methods available to the Chinese. Getting a credit card in China is an extremely difficult task with a lot of government regulations and strict criteria for getting a card.

S

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

Combination pro

o then, despite the risks involved with using Western Union and wire transfer, these are the methods you have to use if you want to import from China with most suppliers. To mini

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

ize this risk, our advice is to start with a fairly small shipment of goods so you are not standing to lose too much money if everything falls apart. Then, as trust is establishe

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

d, gradually build up your order over time.

On the whole, most Chinese suppliers are genuine, hard working people who want to establish a long-term relationship with you. They n

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

ed your business, so it’s unlikely they’ll try to deliberately screw you over!

Another big issue for sellers importing from China is communication. It can be extremely daunting

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

trying to negotiate complex business issues when communication is so difficult.

To get around this problem, we always ask a new contact for their MSN or ICQ email address and c

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

at to them online. They tend to be very friendly and enjoy talking to people who speak English as a first language (this helps them improve their communication too), plus it give

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

Following aspects would a

s you a direct point of contact instantly.

With communication now established, you can proceed to ask questions and get them to send you pictures of stock and so on. Once we’ve

dd to the challenges in developing combination products:

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

uilt up a relationship, we then ask them to send me a sample order. For any genuine company, this isn’t a problem and it allows us to see the quality of the product first hand.

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

We can then be fairly certain that the company is trustworthy, and that this is the product we wish to import.

One thing we haven’t talked about so far is quality. This can be

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

another major concern for sellers who often have difficulty telling whether a brand name product is genuine or not.

In our experience, the vast majority of brand-name goods that

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

come from China are either replicas or fakes. We strongly recommend that you assume that this is the case in the first instance. eBay is currently cracking down heavily on peo

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

Professional from academic institutions, pharmaceutical industries, health care indust

le selling fakes and it is not an area of business we suggest you get into!

Generally, we find that Chinese suppliers are best suited for cheap generic goods (they are manufactu

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

red there so you won’t find cheaper anywhere else!) that can be sold at higher rates in Western countries. For example, some of the latest trends are pocket bikes, scooters and

.

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

eneric electronic goods. These goods do not have to have a brand name in order to sell well and they can be purchased wholesale at very good prices if you are serious about impo

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

Companies that provide selfless information through particip

rting from China.

This should give you a heads up if looking at dealing with wholesale suppliers in China! Remember, always keep an open mind, ask questions and do your research

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.mainsubjects.org.ua/article/3292/mainsubjects-Problems-When-Importing-from-China.html">Problems When Importing from China</a>

BB link (for phorums):
[url=http://www.mainsubjects.org.ua/article/3292/mainsubjects-Problems-When-Importing-from-China.html]Problems When Importing from China[/url]

The number of firms offering machining services has increased over the years, which can confuse a client wanting to avail of machining services. Machining firms often take care of this problem by quoting their machining rates on the Internet or via toll free phone lines.

The following tips can apply to virtually any profession or industry. If you think that these are self-evident, then I challenge you to take a personal assessment. Print this page and keep the list on your desk for one week. Place a checkmark next to each item when you conduct an activity that fulfills one of these objectives. Can you check all of these items in one week? Are you actively practicing the commitment that you desire from your customers?

It is easy to get caught up in the bloodshed and threats to our security, no matter where in the world we live. However, being American can be doubly difficult since the fall of the Berlin Wall and the tragedy of 9/11, where as the world's only Superpower we are caught up in every web of tragedy that the world spins. What is the role, if any, of business?

Tags

Links

Main Subject - Problems When Importing from China

Related Articles: