Main Subject - Internet and Businesses Online

What is Drop Shipping?

Drop shipping refers to a situation in which a wholesaler

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

or distributor will ship individual items directly to customers on behalf of a retailer. Basical

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

Examples of combination products may in

ly, a customer purchases an item and the retailer sends the shipping information to the drop shipp

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

er. The drop shipper sends the item to the customer using either a blank or generic return addres

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

. The package typically contains no invoice, although some drop shippers will insert a flyer for

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

Combination pro

the retailer.

The Good

The main advantage to drop shipping is that it can save

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

you alot of money. How much, you ask? Well consider starting an online retail site. If you go 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

e traditional route you may need to spend anywhere from a few thousand to hundreds of thousands of

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

dollars up front for inventory. With drop shipping there is no inventory - no up front inventory

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

costs and no long term warehousing costs.

Drop shipping also puts you on a positive cash flow cy

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

le. That is you get paid before you have to pay your supplier (the drop shipper).

The Ba

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

Following aspects would a

d

If drop shipping is so great, why doesn't everyone do it? While it is a great model,

dd to the challenges in developing combination products:

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

it doesn't work for all products - there are some companies that will not drop ship. Also, it may

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

be difficult to integrate products from multiple drop shippers on one site (each drop shipper is

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

oing to charge for shipping). Finally, many drop shippers charge a small fee for handling an orde

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

r (usually in the $2-$5 range).

The Ugly

There are currently alot of drop shipp

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

Professional from academic institutions, pharmaceutical industries, health care indust

ing scams running on the Web. Some of these offer to sell "exclusive" lists of drop shippers. No

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

e, most of these lists are just about useless. In addition, there are legitimate drop shippers wh

.

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

o have set up "review" sites. Since the drop shipper runs the review site you can imagine which o

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

Companies that provide selfless information through particip

ne comes out on top.

The bottom line is get educated before you begin your drop shipping business

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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Main Subject - Drop Shipping - The Good, The Bad, and The Ugly

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