Answers - Home Based Business

Do you like to travel? Would you like to travel more? Would you travel more if you could find some real bargains, say 50% or more of

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

f the regular retail price, not just the 10% AARP or 10% business discount often available at motels?

If you do like to travel, I’m s

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

Examples of combination products may in

ure you have gone the route of search-engine searches for discount travel, only to find the major Internet booking engines with their

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

flashy “lowest prices guaranteed” all offer exactly the same prices.

The truth be known, some bargains do raise their heads above all

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 “cheapest prices guaranteed” but good luck finding them. You must tenaciously search every day, and even then some of those speci

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

Combination pro

als are alive for only a few hours. Is there an easier way? I think there is, and you can turn travel into business.

Yes, those barg

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

ains are there, reserved for the travel professional in the form of travel perks, business tax deductions and sales commissions. Cons

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

ider these points:

• Own your own booking engine and earn commissions on all travel booked through your site -- your own travel and t

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

e travel of anyone and everyone that you can drive to your booking engine.

• Operate a legitimate travel business and you can apply b

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

usiness tax deductions to your own travel as long as you include that travel in your business plan, and you keep accurate records.

•

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

Many travel industry businesses offer familiarization trips, FAM trips for short, to professional travel agents and agencies so that t

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

Following aspects would a

hey can then “sell” these services to their clients. These FAM trips may offer huge discounts or free accommodations and trips when

dd to the challenges in developing combination products:

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

he agent books 8-10 clients for the same accommodation or trip.

• Travel agents can build their own FAM trips calling the travel vend

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

or directly, offering some form of advertisement back home, and requesting travel professional discounts.

This month my wife and I ar

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

e taking a quick summer vacation to Canon City, Colorado, for a ? day white-water rafting adventure in Bighorn Sheep Canyon and a 2-ho

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

ur train ride in a vista-dome through the Royal Gorge. We have acquired two nights’ lodging because we want to further explore the bu

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

Professional from academic institutions, pharmaceutical industries, health care indust

iness opportunities in the area. We contacted the vendors as travel professional with an offer to do a write-up on their company and

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

publish it on the Internet. In return we received ? off the raft trip and the lodging and complimentary tickets for two for the train

.

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

ride. After applying business tax deductions, we estimate that we will realize close to a 70% savings or $300 on this one very short

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

Companies that provide selfless information through particip

trip. Not too shabby!

You can indeed travel for less and travel more. In fact, your travel can become your job. What a great life

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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Best-selling author, keynote speaker, and President of Customersatisfaction.com, Dr. Gary S. Goodman, says there are five reasons salespeople earn up to ten times the person next to them, including spouses with three times as many degrees. You can earn more too, by understanding this pay-logic.

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