Answers - Real Estate

Are you working long hours and feeling so tired that you could just lay down in the floor of that long empty condo on Baker St. that you

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

have been trying to sell for six months? Have your clients been running you all over town and nit-picking every single house you show the

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

Examples of combination products may in

m? Has it been 3 weeks since you made a sale? You are likely working with the wrong kind of clients. I know, this sounds like the begi

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

nning of an infomercial, but I promise it is not. I have nothing to sell you, I just want to try to give you some pointers on attracting

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 right group of people to be your clientele in the real estate business.

Think back to when this slump first began. It started with

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

Combination pro

one bad client, didn't it? We will call them the bad seed. Well, that seed planted something in you, probably subconsciously, that has

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

sprouted and grown into this ugly monster that you are dealing with today. When that deal turned bad, you focused on the negatives in 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

hat deal. That focus was inadvertently turned to your clients. In doing so, you attracted the wrong set of clients and thus began the s

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

nowball rolling down the hill. Like energy attracts like energy, meaning that good attitudes will draw good attitudes to it. Keep in m

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

ind that most of the time when we get truly focused on something and we think about it constantly, it is a negative thing. Oh, I have no

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

clients, I am making no money, all of the houses I am selling are in the slump. This attitude will get you no where when it comes to att

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

Following aspects would a

racting decent clients in the real estate business. Instead of drowning in your sorrows, sit down and make a list of the things that y

dd to the challenges in developing combination products:

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

ou do not want.

Now, sit down with that list and for each thing that you do not want, attach something that you do want. Be detailed in

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

what you want. Don't just write "I want to make more money." Write "I want to make a six figure income in this calendar year." Statem

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

ents like that actually set a positive goal for you to strive to achieve. Aim for the stars when you are making your list, and know that

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

with perseverance, you can attain those goals. Now that you have a list of things that you do want, cross of the things that you don't w

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

Professional from academic institutions, pharmaceutical industries, health care indust

ant, and don't look at that list again. Focus on the positive!

Clear your head of limitations. Everyone has self-imposed limitations.

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

If you think about it, you do too. If you can honestly clear your mind of those self-imposed limitations, (which probably came about 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

en you were down in the dumps emotionally) you will be able to push the envelope and get what you want.

Attitude is the key to having a

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

Companies that provide selfless information through particip

successful real estate business. Your business can be as large or as small as you want it to be, it is truly up to you and your attitude

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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The following is designed to provide a check list for new entrants into the mail order field. Each mail order business is different, but there are common elements that apply to most mail order businesses, as well as some specific characteristics that may vary from business to business.

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