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Main Subject - Case Study; Who Would Buy a Home Carwashing Kit?
As a retired entrepreneur it is somewhat fun to study entrepreneurial business plans and what types
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
of things that they are thinking. Luckily having participated in so many different industries in m
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
last entrepreneurial effort, I find folks contacting me all the time from those industries. Recent
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
y, I have been studying the home carwashing kit market and find there are only a couple of players
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
n that market.
There is the big corporation selling their Mr. Clean Brand in large retailers like
There is the big corporation selling their Mr. Clean Brand in large retailers like
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
-Mart/Sears or Wal-Mart and there is the Mom and Pop Shop online Internet Entrepreneur with a compa
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
able offering. Now then besides you and I, who else would be interested in having a home car wash k
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
it in their garage? Well let's look at who might like such a product;
- Middle Class Female
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
ingle Lower Class Male living at home Middle Class Male Single or Married
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
>Special Emphasis on Environmentally conscious consumers
Well wouldn't that be almost 5
Well wouldn't that be almost 5
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
% of our population or more. What sorts of attributes of such a product would American consumers wh
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
love their car and feel it an extension of their personality most likely want to see? What would m
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
ke them want to buy and own such a product? Well here are some thoughts on such things;
- Lo
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
-Cost Simple Water Conservation (shutoff nozzle helps municipal rules) A
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
ble to clean without water spots on larger Mini-vans, SUVs and dark colored cars Fast Deli
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
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
ery Gift Market - Birthday – Christmas
Of course if such a product was sold on
Of course if such a product was sold on
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
ine then you would indeed need very good Search Engine Placement, Internet Ads, strong web traffic,
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
testimonials and better targeting, I suppose. Everyone knows that running a small business against
.
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
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
he big guys is not easy, but it is possible to win, if you are smart in your marketing. Perhaps you
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
might consider such things for your online marketing no matter what industry you are in during 2007
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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