Main Subject - Internet and Businesses Online

For sites selling products of one sort or another, poor conversion rates can be indicative of a problem unique to the web. This is know

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

n as the immediate need problem.

Selling products online can be a very profitable strategy. The profit per transaction is usually pret

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

Examples of combination products may in

ty high compared to distributing products through distributors and losing part of the revenue from sales. Given this fact, most compani

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

es selling products spend a good deal of time and money developing an online presence. For the unfortunate few, however, the money is n

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

ot well spent because there is a problem with their products.

A person searching online has been conditioned to expect a number of thi

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

Combination pro

ngs. One of them is that they will have to wait for their purchase to be delivered. If you buy a book from Amazon, it will show up in a

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

week or two. The internet may make shopping convenient, but the delivery time is a definite negative. In fact, it can really kills the

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

sales on some sites.

Let’s assume I have a site selling insect repellent. Not just any insect repellent. I have an all natural brand

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

that is biodegradable and guaranteed to repel any insect. It slices, it dices…you get the idea. I have the best product on the market.

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

The site has been up for a couple of years. I have high rankings across the board for Google, Yahoo, MSN and so on. I am generating 10

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

,000 unique visitors a day. I am getting 10 sales a day. My site is simple to use, loads fast, has good copy, accepts every kind of pay

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

Following aspects would a

ment imaginable and so on. Why is my conversion rate a miserable 1 in 1,000? Delivery time.

A person searching for insect repellent ty

dd to the challenges in developing combination products:

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

pically needs to use the product NOW! Unless you are really anal retentive, you probably are not going to plan to go hiking a couple we

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

eks ahead of time. You will for a longer trip, but not for your spur of the moment walk. In short, you have an immediate need. I may be

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

offering the best possible solution at the best possible price, but I cannot satisfy your need to have it now. As a result, my visitor

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

to sales conversion rate is going to miserable.

Is there any way around this immediate need problem? Yes and no. The only real soluti

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

Professional from academic institutions, pharmaceutical industries, health care indust

on requires that you have a brick and mortar presence in addition to your site. If your insect repellent is also sold through stores th

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

roughout the country, you can offer a “store locator” option to your visitors. They can then find a store and go buy the product. Of co

.

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

urse, you have no way of tracking this, but it is better than nothing.

If you do not have a brick and mortar presence, you are out of

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

Companies that provide selfless information through particip

luck. Your best option is to review your product lines and consider modifying them to include products that are not immediately needed.

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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If the people in charge of keeping a company’s inventory do not do their job well, the business in question stands to make decisions based on wrong data.

Well many in the mobile car washing Industry sub-sector say that running a home based small business like a mobile car wash is perhaps one of the simplest businesses in the World to operate. Indeed this is true and after spending 25 plus years enjoying the fruits of this mobile onsite car wash business, I can say it was a major plus. Nevertheless there are some serious issues which must be addressed in mobile car washing; namely the issues of Insurance and Environmental concerns and considerations.

Many of our teamwork training activities are instruments that allow participants to observe and unmask the common enemies of teamwork.

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