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One of the challenges for any group or organization is finding new ways to raise funds. It seems that everyone sells candy bars or puts on a car wash. Below are some fundraising ideas that might be a nice change and help your group raise funds using som

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

ething unique that isn't being done by every other group out there.

1. Silent Auction

Have various members of your group donate items and then hold a silent auction. It is easy to do this. Just set aside a table or shelf. Give each item a piece of pap

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

Examples of combination products may in

r that people can write their bids on. The highest bidder wins the auction.

2. Direct Sales Companies

Several of the direct sales and party plan companies also have fundraising programs. Some of these programs are quite good. What is nice about some o

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

these plans is that your group does not have to buy any stock in advance. Everything is done using catalogs. People place their orders and the consultant orders all the items. The majority of the time the consultant will pack all the orders and separat

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

them by seller. Usually the consultant will give some type of incentive for the highest seller to encourage more fundraiser sales. Examples of direct sales companies that have fundraiser programs are Tupperware and Avon. These companies have a good rep

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

Combination pro

tation and a well know brand name. This helps to encourage your sales. If you use a company that is not well know, your sales may not be as good.

3. Rummage Sale

Put on a rummage sale. Ask for donations from all groups members. Advertise your rummage

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

ale in the yard sale section of your local newspaper. Have your group members help at the fundraiser. The easiest way to price everything is to have tables for each price group. Then make signs for each table. For example, everything on this table is $1

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

Making a sign for each table or even for a certain corner or box will help eliminate the extra work of pricing everything individually.

4. Host a vendor fair or Farmer's Market or Trade Show

This works well if you have a building or parking lot. Rent

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

out booths. This can be as simple as each parking space is so much or so much per table. Those in direct sales are always looking for opportunities to set up displays so they are the first ones you should call. Contact law enforcement agencies and other

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

informational type organizations who might be willing to set up a display. You can also rent spaces to group members who may want to sell some stuff lying around their house but don't want to put on a yard sale of their own. However, keep in mind that y

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

u don't want this to be a big rummage sale. It works best when the majority of your vendors are selling new items. If you set your rent low enough you can also request that a percentage of sales go to the group. For example, you can rent tables for $10

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

Following aspects would a

nd then ask for 10 percent of their sales for your group.

One thing to keep in mind is that in order for people to rent a space or table they need to know that people will be attending this event. Hence, make sure all group members publicize it. Put fl

dd to the challenges in developing combination products:

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

ers for the event everywhere you can and consider placing an ad in the newspaper. If your vendors find your event was successful for them, they will be calling you asking you to do it again. Hence, more funds for your organization.

5. A New Take on Car

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

Washes

I mentioned car washes earlier. Several groups seem to do them. However, there is a different way to do car washes that can actually raise more money for your group. This is done by selling tickets to your car wash in advance. You will be surpri

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

ed at how many people will buy a ticket. Some of them may not come to the car wash but will buy a ticket to help out your group. Some groups have actually doubled their fundraiser proceeds by selling these tickets in advance.

6. Host a luncheon or dinn

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

r

Hosting a luncheon or dinner is a nice way to raise funds. Of course, you have to host the dinner but this may not be as difficult as you might think. Many restaurants have specials rooms that they use to host conferences, etc. These rooms can be ren

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

Professional from academic institutions, pharmaceutical industries, health care indust

ed for a fundraiser dinner. Often, the restaurants will also provide the food. Hence, it is just a matter of determining the cost of the room and the meals and then adding so much per ticket. Sell the tickets in advance. Following are some ideas on lunc

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

eons and dinners.

a. Hold a Valentine's Day dinner. Order a nice cake, have candy hearts on the tables, balloons, flowers, etc. One time I went to such an event with my church. Our pastor actually did a vow renewal service for all of us and the night w

.

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

s very special.

b. Christmas lunch or dinner. Decorate the room in a Christmas theme and have some gifts set aside. Play games for the gifts. Provide a small gift for everyone who buys a dinner ticket.

c. Any type of theme will work. Make it fun and i

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

Companies that provide selfless information through particip

teresting so people will want to purchase tickets to your event.

Fundraising can definitely be a challenge. However, there are plenty of options out there. I only listed a few of them above, but the opportunities out there for raising funds are endless

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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The most common way to drive people to your business site is advertising. You cannot succeed without advertising, this is a fact.

When it comes to winning the job you want, you might decide to go it alone. When it comes to winning the job you want, you might decide to go it alone. However, if you were trying out for the Olympics, you could certainly train and practice alone but statistically speaking, whether in the realm of sports or in the game of job applications, those who have professional coaches achieve the best results.

It might be an exotic dream to work aboard a cruise liner but can be just as exhausting. Among the 300 or so liners, the minimum crew is a couple of hundred. Some liners have crews of 500 or more. However, with this many employees working together at such close range, you will get to know many people very well over a period of time this way.

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