Answers - Home Based Business

In part one of this article two article series, we discussed why you and many others fail in network marketing as a home business. We discovered that a company's high overhead cost, whi

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

ch is funded by the compensation plan, makes it very difficult for you to be successful. So, your failing is NOT your fault since the cards were stacked against you to begin with! Now,

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

Examples of combination products may in

e're going to talk about how this sort of business model will impact your ability to grow your business.

Here's an example. Let's pretend that there are three different companies that

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

ave the same vitamin complex with identical ingredients. The only exception is that the third company, company C, has added a special enzyme to digest the vitamin's nutrients more effec

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

ively.

You would think that the cost to produce this vitamin complex would be similar or identical and you would be right. However, believe it or not, the three companies charge differ

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

Combination pro

nt prices. This is because Company A sells the product for $118, Company B for $108, and Company C for $40 (which has the special enzyme for better absorption). Now, who in this world w

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

ill buy this vitamin product for $118 when they can get the same thing, including the special ingredient, for $40?

Are you getting the picture here - What happens is that network marke

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

ing companies that that sell the pricier products have to always recruit more distributors because that is where the money is. The companies have to do this because they can't get any m

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

ney from retailing their product because it's way too expensive and no one in their right mind will purchase the product. Why? Because they can get it from Company C for $40! So, the co

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

pany that has costly products is forced to recruit, recruit, and recruit!

Things, unfortunately, get worse. If a company has to spend so much time recruiting because they have an over

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

riced product, are they going to have time to mentor you in your business? Hardly! So, you are left struggling to do things on your own.

Now, there is a reason the Company C can sell t

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

Following aspects would a

he same product for much less (remember the $40?) It is because they have built their company in a way to significantly lower overhead costs. They don't have a multi-million dollar offi

dd to the challenges in developing combination products:

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

e. They take almost 100% of their orders over the Internet so they hardly have any employees. Company C uses a low cost warehouse district facility to store stock. Would you agree this

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

s a more distributor friendly model?

If you thought, "yes", you were right! If you happened to be a distributor for a network marketing company with high priced products, you'd have to

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

be a pushy and aggressive sales person. Since almost 100% of the population dislikes pushy and aggressive sales people, it would be hard to be successful right? Right!

Now, are you see

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

ng how being a distributor with a company like Company C that is streamlined would make a huge difference in your success and being able to build your business? Company C has the resour

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

Professional from academic institutions, pharmaceutical industries, health care indust

ces to hugely support is distributors and gives them an outstanding compensation plan? Why? Because it is streamlined and has an excellent product that is reasonably pr iced that people

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

can afford.

It is unfortunate that some companies do not operate like Company C. So, to avoid being a distributor in a company where the cards are stacked against you, make sure you do

.

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

your research. Google the company founder. Carefully look over the company's compensation plan. Compare the prices of the same or similar products of network marketing companies.

If yo

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

Companies that provide selfless information through particip

do this, you will find yourself avoiding those companies where you are doomed to fail, and end up with a winner where you can finally build a successful network marketing home business

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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If you are in over your head in credit card debt, you are not alone. Many Americans find themselves in this position everyday. In order to avoid financial disaster you need to act fast. There are plenty of options to reduce your debt load and get your financial future back on track.

Working at home is a trend that is growing more and more; people from all over the world want to have a work from the comfort of their home. The truth is that some people are earning a very nice income without too much effort while others are struggling and losing money every day.

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Answers - Your Failing In Network Marketing Is NOT Your Fault, Part II

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