Answers - Real Estate

For any Realtor, referrals are the lifeblood of business. In fact, the highest compliment a client can give a Realtor is their name and nu

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

mber to a friend or family member who is looking to buy or sell. But the reality is, unless a Realtor keeps his or her name in front of th

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

Examples of combination products may in

ir clients on a repeated basis, even the best-intentioned client can simply "forget" to pass on the contact information.

So, what's the b

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

st way to stay on top of clients' minds? There are many methods to use. Here are just a few.

Send out a monthly newsletter, either online

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

or through the mail. The newsletter should be less about the Realtor, and more about the market. Most homeowners are interested in what's

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

Combination pro

oing on in their local market, even if they did just buy or sell. So, fill the newsletter with information the reader will find interestin

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

g and pertinent, but not too technical. Include mortgage information as well, but do not go overboard. Then change the direction and talk

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

bout cultural events taking place in the area, new restaurants that have opened, holidays coming up, and then turn it back to real estate

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

nd highlight any new listings. The idea here is to remind the client that their Realtor is still in business.

An online newsletter is eas

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

er to manage and more cost-effective than sending it through the mail. Having said that, however, does not mean that sending it through t

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

e mail is a bad idea. The best delivery mechanism depends on the Realtor, the client base, and how the Realtor likes to communicate.

Anot

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

Following aspects would a

her great way to keep in front of clients is to send clients greeting cards on particular milestones such as right after closing, six mont

dd to the challenges in developing combination products:

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

s later, one year later, birthdays, anniversaries, etc. Sounds pretty basic but most Realtors do not do this. There are a few companies ou

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

there that enable a user to simply shop for a card online, type in the message, click a button, and they will take care of everything els

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

- printing the card, addressing the envelope and mailing via first class postage. It could not get easier than that, and the impact a gre

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

ting card will have on clients is huge.

Finally, give a closing gift that has impact. Rather than give a gift card to a big box retailer,

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

Professional from academic institutions, pharmaceutical industries, health care indust

give something memorable and beneficial to the client, as well as something that keeps the Realtor's name top of mind. Find a closing gif

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

that doubles as a marketing tool - something that displays contact information in a classy way, or something that mentions the services p

.

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

ovided by the Realtor. If they do not give a gift card, most Realtors opt to give a gift basket, a bottle of wine, or a tool of some sort.

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

Companies that provide selfless information through particip

Perfectly good gifts, but not very effective if the goal is easily get more referrals. Be different and be effective with the closing gift

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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