Main Subject - Internet and Businesses Online

For those who want to make money on eBay, increasing the size of the sale is a thought that is continually running through your mind. In fact, one o

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

f the most rewarding things that we have learned is exactly how to increase the size of the sale. We use three primary methods for achieving this.

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

Examples of combination products may in

IP #1: COMBINE IDENTICAL ITEMS
Just as the name implies, combining identical items is simply taking two, three or more of an item and combining

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

it into a single package. In our case, rather than selling a single package of baby bottle nipples that might retail for $5.00, for example, we pla

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

e groupings of the same bottle nipple together into a single auction. Those groupings might be four to six packages that together retail for about $

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

Combination pro

30.00. Buyers are just as quick to snap up the combined package as they were the individual packages. A buyer bonus? Shipping charges are less when

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

easured on a per-item basis!

TIP #2: COMBINE SIMILAR ITEMS
Once again the name tells it all! This is taking similar items and combining them t

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

ogether into an auction package. In our bottle nipple example, this involved replacing a single package of baby bottle nipples that retail for about

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

$5.00 and placing a variety of different bottle nipples together. We might combine one or two packages of slow-flow nipples with one or two packages

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

each of medium-flow and fast-flow nipples. Again, the buyer will happily make this package purchase. That’s especially true when they discover that

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

per-item shipping charges are reduced.

TIP #3: ADD-ON SALES FROM YOUR eBAY STORE
This method involves very little effort on your part. Buyers

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

Following aspects would a

imply work to save on shipping charges by adding purchases from our eBay store. The work for you is to keep the store well stocked with a variety of

dd to the challenges in developing combination products:

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

products that will appeal to your target buyers. If you are selling baby products, a store that is filled with pet supplies probably won’t work. Ho

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

ever, fill that eBay store with baby items and you will soon have many add-on sales, and that means that you will make money on eBay.

TIP #4: CONDU

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

CT RELATED AUCTIONS AT THE SAME TIME
Another technique that had been successfully used to make money on eBay is to list related or complementar

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

items at auction so they close at overlapping times. For example, if you are selling bedding products, you might list a sheet set that is complemen

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

Professional from academic institutions, pharmaceutical industries, health care indust

tary colors to a quilt or bedspread that you have listed. Buyers would buy this combination if it were a Bed-In-A-Bag, so why not let then have acce

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

s to the pieces of a bed-in-a-bag set?

We have had add-on sales of identical products. We have had add-on sales of complementary products. Finally,

.

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

we have had add-on sales of totally unrelated items. In all cases, the buyer’s first questions were about reducing freight costs by adding other pu

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

Companies that provide selfless information through particip

chases. Be sure that you highlight the shipping cost benefits – give it a try and you will make money on eBay doing just that.

To Your eBay Success

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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One of the most important things in franchising is to build a Confidential Operations Manual that will explain every single part of your business so your franchisees will have them available and can study them. Unfortunately, you also must be careful that your Confidential Operations Manual does not fall into the hands of competitors.

You know that cash is and always will be king. One of the biggest drains on small business cash flow is often out of control past due accounts receivable. I have seen business owners try to tackle the problem by cutting off any new credit and thus running themselves straight out of business. There is an easier way.

During a sales presentation, the room is often stuffy, filled with the awkward tension and discomfort of trying to relate with a complete stranger. You pull out your dry power point presentation and informational packets to outline the return on investment and prove the difference between you and you competition. Then you ask for a large sum of money based on your promise to deliver results. When you’re so busy perfecting your dry presentation and looking great in your smart suit, you forget what true professionalism really is.

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