Answers - Home Based Business

In a previous article we introduced you to the concept of O.P.P., or Other People's Products.

In that article we asked you what you would do if you found a business that:

* could genera

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

te multiple streams of income

* would work in any area of the country

* could be worked both locally and nationally

* could be worked both on and off the web

* and, can be started eit

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

Examples of combination products may in

er in your spare time or part time

What we are talking about is a wonderful business that allows you to generate immediate cash flow and build for your future. Simply put, it is the busi

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

ess of being a rep or distributor for other companies. Companies who have done the hard work of developing products, marketing materials, advertising, etc. All work you can take advantage

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

of with your own business.

There are many companies offering different affiliate or distributor opportunities to those who would like to operate a home-based business. Every year, thousa

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

Combination pro

ds of people get started building for the future by becoming distributors or affiliates. Look around at the various sites on the web and see for yourself.

Ok, you say, what is a represen

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

tative and a distributor. When you are a representative of a company you sell their products and they handle customers, products, the paperwork and all the shipping. They will send you ch

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

cks based on your sales of their products. They will usually provide you with samples, brochures, etc. You are the company’s representative and many times service their clients. You are n

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

rmally paid on a commission basis. In most cases you are not responsible for after sales service.

For our purposes a representative that sells on line for other companies is an affiliate

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

We are not going into how to become an affiliate here, as there are products already out there that do a fantastic job.

Some very recognizable companies who use representatives are Avon

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

Amway, and Mary Kay. What is so nice about becoming a representative is you can become one very easily with usually very little cost.

There are also many other companies that use repr

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

Following aspects would a

esentatives that are no more than MLMs which we don’t recommend at all. That is just our preference, we know many individuals who love them.

This is something you will need to decide for

dd to the challenges in developing combination products:

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

yourself.

As a distributor you are purchasing the product and then selling it (or distributing it). A distributor can mark up the price to cover additional market costs, distribution, in

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

oicing. A distributor has a strong relationship with his customers and is responsible for after sales service. There are many more differences between representatives and distributors, ho

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

ever, they vary depending upon company. For more information on becoming a distributor or affiliate, the differences and various examples, you can visit our website.

Every year, thousan

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

s of people get started building their fortunes using other people’s products. Becoming a distributor or affiliate gives you the ability to build for your future, with O.P.P., Other Peop

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

Professional from academic institutions, pharmaceutical industries, health care indust

les Products. All it takes is the desire to succeed and some time investment on your part.

As you can see, becoming an affiliate or representative comes very close to being the Perfect H

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

me-Based Business.

A realistic first year income could range from $20,000 to $50,000 for someone working full time, depending on how many companies you are selling for and your profit. Y

.

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

u can also possibly add $7,500 to $12,500 to your present income on a part time basis, again dependent upon the number of companies you are selling for and your profit.

Don't you think y

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

Companies that provide selfless information through particip

u owe it to yourself to explore the potential of O.P.P.?

What are you waiting for?

The last article in the series will give you some conrete examples.

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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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One thing is true for all consultants; if we have any work, we have clients! One of the most important parts of our work is maintaining and enhancing our relationships with our clients. Maintaining and growing these relationships makes the time spent on a project more enjoyable, satisfying and effective…

There is a lot of advice out there on how to live a frugal life. You can go from anything as simple as turning off the lights when you leave a room to grinding your own flour. There are forums out there where people discuss the way they use the rainwater they collect to do everything from watering plants to flushing their lavatories.

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