Main Subject - Internet and Businesses Online

The other night I had dinner with a friend who mentioned knowing quite a few people needing websites for their local businesses. Despite being a software engineer, my friend is not a web designer nor does he know enough about servers to actual

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

ly host (store) websites. On the other hand, he suspected there was a way to translate contacts into some money on the side. That's when I told him about reselling.

Reselling is basically the business of selling web space that is already est

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

Examples of combination products may in

blished by a web space provider (known as a host). A host sells you their space and, in turn, you sell it to your client. This arrangement is like buying at wholesale and selling at retail prices. It's also like subletting an apartment for m

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

re than your own rent. In terms of websites, the ideal reseller scenario is one where you buy web space at a low enough rate so you can sell it to your client at your own price and make a profit.

More specifically, if you purchase a web hosti

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

g plan for $5 per month and sell it to your client for $15 per month, you are making a 200% profit instantly each month. Who wouldn't like spending $5 in order to make $10 profit? Ten such arrangements bring in around $100 per month or $1,200

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

Combination pro

er year. Sounds like easy money on the side.

But what exactly is required of a reseller? This article isn't meant to provide quick ways to simply make money off your friends and business contacts. It's a legitimate way to provide them with s

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

mething they need for a fair price. While you need to have a basic knowledge of what a host does, you won't have all of the answers, not a first. This is where the experience and professionalism of your host comes into play. For instance, if y

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

our client has questions about setting up an email account, you need to respond in a timely manner with the answer. If you don’t know the answer to a support issue raised by a client, this is where you host can assist you.

I have seen the rol

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

s of resellers vary depending on the host. One host may have direct contact with your clients and answer all their questions. This could be dangerous for you (the reseller) as one day your clients may wind up a direct client of the host and le

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

ve you out of the arrangement completely. More commonly, the web host has no dealings with your clients at all. The host bills and supports you (the reseller) and, in turn, you bill and support your clients. If your clients have a problem you

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

an either handle it directly with them or, if you're not sure of the solution, you can ask the host who will take care of it for you. Once you have been reselling for a while you will likely notice two things. First, you will find that clients

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

Following aspects would a

ask the most questions early on. Once your clients have been setup and their site is running smoothly, you probably won’t hear from them much. Secondly, after you field some of the more common support questions from clients and see how your ho

dd to the challenges in developing combination products:

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

t handles them, you will soon be resolving many issues on your own.

Now that we have established what is involved in becoming a reseller and the importance of good customer support, let's talk about how to widen the profit margin. At the begi

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

ning of this article I mentioned my friend was not a web designer, but what if he was?

What if you are a web designer looking to earn more money? Why build a website and then hand it over to someone else to host when you could be offering tha

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

t service to your clients? Becoming a hosting reseller would be the perfect match for you. The more services you can provide your clients, the more money you will make. Earlier I mentioned that with only 10 reseller accounts you could be earni

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

g $100 per month. Imagine if you added fees for web design. The cost for web design is often a one-time fee, but if your client requires monthly updates to their site you could be adding $50 to $100 per month to your monthly profit. Add a few

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

Professional from academic institutions, pharmaceutical industries, health care indust

f these type arrangements and you could be earning $500 per month or more.

If you have access to people interested in starting websites they can quickly become a paying client. Web hosts are there to handle everything you don't know how to do

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

including the management of servers, ensuring your client's data is not only backed up, but protected from natural disasters and hackers. Just because you don't have a degree in server management doesn't mean you can't get into the web busi

.

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

ess.

Many hosting companies offer reseller packages and most are unique arrangements so shop around and find out which works best for you. Reselling can be very rewarding in that you are genuinely helping others get a website and also you can

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

Companies that provide selfless information through particip

quickly start earning some money on the side. The trick is to partner up with a host you can trust, one that provides you with the same quality of service and professionalism you want/need to show your own clients.

Copyright 2005 Anthony Vit

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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Mediation is an alternative to litigation when disputes arise. Mediation is also known as arbitration

Have you ever questioned your introduction skills? If not, you should since making a proper introduction is a form of business etiquette and sets the tone for how others will perceive you. Learning proper introductions not only enhances your business savvy but boosts your self-confidence.

Starting a business can be much easier and a whole lot cheaper if you take some clues from James Bond. Find out how you can get paid while planning out your business.

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