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As we discovered in part one of this two article series, there is a 12-step question formula that all home-based business opportunity seekers must ask when investi

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

gating business opportunities. We all know that all that glitters is not gold! We want to avoid scams at all costs. We also want to find a work at home opportunity

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

Examples of combination products may in

that is legitimate and can bring in significant income.

Are there any home-based opportunities that can meet these needs? Sure, but you have to do careful resear

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

ch. If you use this 12-question formula to separate the good opportunities from the bad, and find that the answer is "yes", to most of these questions, great! Yo

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

u can rest assure you have stumbled onto a red-hot program that has the power to make you lots of money! That said; let's discover what the final 6 questions to as

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

Combination pro

k are for this 12-question formula.

#7. Find out if you can make huge sums of money without selling anything. Is this possible? Yes! There are business opportunit

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

ies out that do not involve selling. This works primarily if the business uses a powerful Direct Response Marketing approach. The beauty of this approach is that i

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

t attracts all the right people and turns away the wrong ones. Folks are bought into the home-based business system automatically! Direct Response Marketing also e

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

liminates the biggest objections, educates people about the major advantages of a product or service, and best of all, it makes people want to buy now! Therefore,

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

finding an opportunity like this is crucial.

#8. Discover if the work at home opportunity offers help, support, and guidance from experts with a proven track reco

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

rd of making millions of dollars. This will require some research. It's safe to say that many opportunities will fail miserably in this area. However, if such a ho

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

Following aspects would a

me business opportunity is found, your chance of success will be very high.

#9. Check to see if the company offers long-term opportunity. In other words, is the s

dd to the challenges in developing combination products:

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

ystem the company has in place designed to make people money for the next 10, 20, and even 30 years? Avoid opportunities that sound golden, but will lose their gli

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

tter very quickly.

#10. Determine whether the home-based business opportunity can produce automatic income. It is useless to become involved in a business opportu

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

nity that will take months before any results or income can be seen. Why? People will usually become discouraged and quit if efforts are not rewarded in a timely m

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

anner. Avoid opportunities that will take months before any type of cash reward will be seen.

#11. Always ask if the start up is easy. If it will take three month

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

Professional from academic institutions, pharmaceutical industries, health care indust

s to start up the business, why even become involved?

#12. This could be the most important question. Never forget to ask if there is an exit strategy. This is no

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

t being negative at all. On the contrary, it is being smart! Remember, there are no guarantees in life and business; things can and do change. Thus, it is always s

.

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

mart and never negative to have a back up plan or exit strategy.

Starting a business from home is a dream that many people have. However, one does not want to mak

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

Companies that provide selfless information through particip

e a decision blindly and without careful thought and consideration. You can't go wrong when using this twelve-step question formula!

Copyright 2006 Monique Hawkin

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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