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What is the different between Short Term and Long Term Income? It’s not

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

what you’ll be thinking…

There’s 2 Type of Marketer - Short Term (ST) a

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

Examples of combination products may in

d Long Term (LT)

What The Different Between ST and LT?

•-ST only adve

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

rtise for the company and get paid for commission. Once ST stop advertis

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

, his/her sale will stop too.

•-LT step-up a website and create an opt-

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

Combination pro

in-page to gather customers contact and build a good relationship with t

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 customers. And recommend product to his/her list of customers. The li

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

st of customers will be with him for the life-time. Whenever LT got a go

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

d product he/she can email to his/her contact to recommend them.

Genera

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

te Long Term Income can be easily than Short Term Income

For Short Term

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

Income, For example:

You advertise once, you earn once. In order to kee

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

Following aspects would a

p making money, you have to keep coming up with one shot schemes to pull

dd to the challenges in developing combination products:

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

in cash. Once you stop advertise, you sales will slowly drop until reach

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

ed zero.

Long Term Income can be all time profit pulling

It take a lot

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

time to build an Empire in the beginning but once your Empire is build,

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

everything will be fully automatic.

Long Term Income can be involved in

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

Professional from academic institutions, pharmaceutical industries, health care indust

a lot of profit streams like “Affiliate Product, Web Hosting, Membership

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

Site, AutoResponder and other Softwares” As you can add on newest affi

.

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

iate product or even your own product in.

In this business model, you a

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

Companies that provide selfless information through particip

lways have never ending supply of different affiliate product to promote

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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Document the definitions for your business, organization, or your role in the organization. If you can document it, you can share it. With defined and aligned goals and purpose, individuals with an organization are empowered for personal success. The following seven principles may seem simple and obvious, as they should. However, would your definitions be aligned with everyone else in your organization or your customers?

If you have a company that produces a small line of products or just one original product, chances are you need a sales representative.

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