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  • Digg It - How to Write an Effective Fundraising Letter

    First, realize one important fact:

    No one gives away money without getting something in return.

    With the exception of small premiums like address stickers, donors don’t get anything they can hold in their hands to show where their mo
    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
    ney went. But they do get something back or they wouldn’t donate.

    What they get is emotional, and sometimes it’s something they can’t even name. A host of emotions come into play when a person writes a check to a charity. They include guil
    ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

    Examples of combination products may in
    t, pride, fear, love, and gratitude – to name just a few. As a writer, it’s your job to tap into those emotions and give your donors the satisfaction they crave.

    Here are just a few of the reasons someone might choose to support your particul
    lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

    r cause:

    * To be recognized for their generosity
    * To feel important
    * To be associated with someone important
    * To get back at the corrupt or unjust
    * To support or oppose a political viewpoint
    * To validate the
    here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    ir own moral or ethical values
    * To fulfill a sense of duty
    * To share their love (for animals, children, nature, the elderly, etc.)
    * To ease their guilt over a past transgression - or over being successful.

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

    Combination pro
    mention the tax benefits, and yes, giving to a registered non-profit does carry benefits. But remember there are plenty of causes to choose from. They won't choose YOUR particular cause only for that reason.

    Let your donors feel like the
    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
    y’re part of the solution

    Everyone has their own reason, but I believe that one of the strongest reasons why people give is to feel as if they're a vital part of the good work being done. They may not have the time to do hands-on help, bu
    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 by offering financial aid they participate.

    Thus the message for you is a writer is to make sure that you let your donors know that they make the work possible. And if there's any way for you to show them the positive results of that work,
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    O IT!

    Show your good results

    Letters about doom and gloom make people feel depressed. Avoid them. Instead write letters showing that there was a bad situation, but because of their kind support, you were able to bring about a happy e
    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
    nding. Paint a verbal picture so that your donors can “see” what you’ve done and what you will do in the future.

    Then remind them that many more happy endings are needed and that their continued support will ensure that they happen. (And it d
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    esn't matter if they've supported you before...write as if they have.)

    Take the time to dig out a success story and show that their dollars make a difference. Don't just say you need support... show them what you will DO with their support.
    ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

    Following aspects would a
    Be specific, even if you only touch on a small segment of your work.

    The next thing I'll tell you may be difficult for you... but do it anyway.

    ASK for the money.

    Did you know that some people give only because they were asked? Psyc
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    hology is a strange thing. You would think that if you wrote a long letter about your work and how much money it takes to carry on, people would know that they need to help. Not so… if you don’t ask, most won’t give.

    So, swallow your pride a
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    d your reluctance to “beg.” Remember that the money isn’t for you… it’s for the good work that you’re doing. I know how difficult this is, because when it comes to asking in person I am the world’s worst fund raiser. I always feel like I’m a
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    sking for myself, because I only work for causes I support wholeheartedly. That’s why I restrict my asking to the written word.

    Don’t beat around the bush or hint that you need their help. Come right out and say "Please send your donation of
    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
    $25 (or $5 - or $100) today so that we can continue to ...." Don’t let people off the hook by failing to ask.

    People even need you to suggest giving amounts. You should include a reply device with a "giving string" showing a small number up t
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    o a larger number. (The numbers will depend upon your audience and your cause.) Let them know that even a small donation matters, but they need to send something.

    If you have a special need at the moment, say so. Say "Please send your donat
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    ion today so that we can **** by ****." Create a bit of urgency by letting them know that the money is desperately needed by a certain date in order to meet a specific need.

    Lastly, include a return envelope. You don't need to add postage...
    .

    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
    in fact you shouldn't... but do include the envelope and a reply device (a device that re-states their reason for giving.) People are busy... if you don't make it easy to respond they'll lay your letter aside for later and probably never get b
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    ack to it.

    Remember... Americans are a generous lot. We love to give... we feel good when we give... and it's your job to help us feel good by supporting your favorite cause.

    Go for it! And if you get frustrated and want help, call or write


    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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