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  • Digg It - Reinventing The Wheel

    Revolutionary ideas have always been the mark of mankind. It’s what made us superior to animals and prove that we are the dominant species of this planet. Invention and innovation made life easier yet more complicat
    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
    ed. Ironic as it may seem technology is making each generation culturally different.

    There is an old adage not to reinvent the wheel. Fairly implying some inventions are perfect as it is. MLM and MLS are two attemp
    ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

    Examples of combination products may in
    s to “Reinvent the wheel” does technology allow drastic changes within the marketing and real estate industry finally possible?

    It is interesting to see how many internet millionaires get their money from MLM progr
    lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

    ms. I haven’t met anyone who didn’t personally use some sort of viral, reseller or MLM type of solution to earn their first 1 million over cyberspace.

    Scalability is not normally an issue for an internet business,
    here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    specially for a service oriented company. Brick and mortar shops take awhile to build a larger facility, limitations in table space for restaurants, rack space for boutiques; even garage space for a chop shop is nee
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    ed to expand operations. Cyberspace however web pages can be added to a site at will take very little space. Hosting companies may have hard drive space limitations but it’s very cheap to add more. Changing hosting
    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
    companies doesn’t change the market either. The adage location, location, location doesn’t apply to an internet business.

    Search engine position and exposure is the game that was once location. The higher you are
    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
    n the search engines the more traffic your business “location” gets. Traditional MLM however have changed this approach. Having people market your product, and getting more and more of these distributors based on a
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    ested commission approach also took a very drastic turn into turning location into an “I am everywhere business.” Starbucks may be successful in this approach using brick and mortar. But who hasn’t been approached b
    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
    a friend or relative with an MLM business one time or another? Avon built a successful brand name using nothing but a network of independent distributors. Though MLM is not an approach for everyone, No matter what
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    our friendly Amway dealer says, but there’s no denying it made millions of dollars for people worldwide.

    The Real Estate MLS is another way of reinventing the wheel by creating a centralized database for buyers and
    ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

    Following aspects would a
    sellers to meet which is the complete opposite of the MLM approach. It created a thriving place for business to occur. When I was a child I always wondered why shops selling the same merchandise flocked together ef
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    ectively competing with each other for each sale. Then one day I realized the answer as a consumer. If I wanted a computer peripheral, I go to a place to where there are lots of computer shops. If I wanted to buy cl
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    thes I go to a mall where there are lots of choices. Malls, Sotheby’s, Wal-Mart, amazon.com and e-bay created a one stop shop where people go to and buy. A centralized database is cheaper and gives the consumer more
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    choices. The Flat-Fee MLS in the real estate industry saved probably millions of sellers in the USA millions of dollars in advertisement and commissions providing qualified buyers using the power of a realtor yet pa
    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
    ing much less.

    Is it possible to put these two theorems together, extremely different approach to reaching the consumer, two attempts in reinventing the wheel of any business? ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    ishouse.com">www.4thishouse.com certainly is going to try. It’s going to try to achieve a centralized fully automated nationwide real estate service sold using MLM. It is now possible for anyone with a website t
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    earn through the real estate industry without being a licensed realtor. Someone said this is a drastic attempt to re-invent the wheel. 4thishouse.com reply is simple. We just added a revolutionary new rims, rubber,
    .

    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
    and grooves that are already proven to work and placed it together.

    Time will tell if this will work. The links from the affiliates certainly is putting the www.4th
    shouse.com site to the top. I guess its back to location, location, location once again. This time the new wheel has the power of a cool shiny 18 inch chrome rims and laboratory tested proven grooves and rubbers


    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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