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Answers - Real Estate Investing Tips: How To Catch A Whale For The Proven Results You Want
I officially became a real estate investor at age 18, when I purchased my first business: a pizza restaurant! Real estate investing was something I had always wanted to do, but I started with the
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
restaurant because I knew the business - I had the experience.
9 months later when I sold my pizza place, I completed my first real investing deal - a 3 for 1 bonus, with 3 houses on o
9 months later when I sold my pizza place, I completed my first real investing deal - a 3 for 1 bonus, with 3 houses on o
; 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
ne lot - that I bought from my uncle. Very, very exciting, got my feet wet and gained some experience. And from that one deal, I've built my own real estate 'empire' that's worth almost
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
12 Million, and growing steadily every day!
But I learned that if I wanted to make serious money in a serious business, I needed to create a simpler way, a better system. I created a system base
But I learned that if I wanted to make serious money in a serious business, I needed to create a simpler way, a better system. I created a system base
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
d on a simple, tried and true strategy: direct mail! And no - direct mail is NOT dead. It works so well for me actually, that I haven't spent the effort to look for the right deal in a long time
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
they always find me!
The one piece of this system that has made me the most money is the piece I want to share with you now. In fact, it's the piece that has made me more money
The one piece of this system that has made me the most money is the piece I want to share with you now. In fact, it's the piece that has made me more money
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
than any other strategy I've ever used.
I call it: Catching The Whale! If you don't know what a whale is, let me tell you that they are typically sellers who own more than one property, usually
I call it: Catching The Whale! If you don't know what a whale is, let me tell you that they are typically sellers who own more than one property, usually
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
more than 3. And a Killer Whale is a whale that owns LOTS of properties.
Why is this important? Because when you choose your 'farm area' (the neighborhoods you're targeting), you're re
Why is this important? Because when you choose your 'farm area' (the neighborhoods you're targeting), you're re
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
lly looking for whales. It takes time to build the trust that you need with your sellers, so why not create long term relationships with sellers that can bring deal after deal after deal? Continu
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
ously. With a minimum of effort.
And that's what the direct mail campaigns will do, if you choose your target market correctly. Now here is the one piece that you must remember - even if you for
And that's what the direct mail campaigns will do, if you choose your target market correctly. Now here is the one piece that you must remember - even if you for
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
et everything else, you must remember this piece...
The key to finding Killer Whales is in the target market: You want to target home owners who have owned their property for a minimum of 10 yea
The key to finding Killer Whales is in the target market: You want to target home owners who have owned their property for a minimum of 10 yea
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
rs, preferably 15 - 20 years. People who have owned their properties for less than that are typically not in a position to sell. Or if they do want to sell, they need the money for their next hou
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
se, or their asking price is too much.
You want to target owners that don't live in the properties. That fact alone tells you that the property is an investment property. And people that have ow
You want to target owners that don't live in the properties. That fact alone tells you that the property is an investment property. And people that have ow
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
ed the property for that long of a time are in a perfect position to offer seller financing.
That my friend is the BIG bonus. Usually people who have owned their proper
That my friend is the BIG bonus. Usually people who have owned their proper
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
ties for 15 - 20 years are either getting ready for, or have already entered into, some kind of retirement. And that means that income and tax consequences are important to them, more important t
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
an getting the actual money. They want the tax breaks.
Ok, so here's how it goes:
Ok, so here's how it goes:
- You target individuals who have owned the property for longer than 15 years and who don't live in the p
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
roperty. Create a direct mail campaign. Let your prospects know you are in a position to help them, that you're in the market for a property just like theirs! And wait for the ca
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
lls to come in!The beauty of the system is that the deals come to you! And because you're targeting a specific market, you're reaching individuals who are in a better financial position
.
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
to own more than one property. You complete your first deal with your whale, and if you've done your job right, you've established a long-term relationship based on trust and mutual respect. And
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
those kind of relationships are the ones that will continue to produce for you - over and over again! Sustainably, profitably, and consistently. Congratulations - you just caught your first whale
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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