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  • Digg It - Earning the Right To Sell With Stats - 10 Steps to Greatness

    We could learn a thing or two from pro sports.

    Baseball players use stats to tell the story of their season and their career. Scorekeepers keep track of every at bat, every hit, every strike out, every run scored and every base stolen.

    Those stats are cited by commentators during the game, sports reporters
    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
    after the game and they are featured on the backs of baseball cards to they tell the story of the player's career.

    Those of us in business could learn a thing or two from baseball players about using stats to size-up our careers and experience.

    Give your prospects a reason to listen to what you have to say.
    ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

    Examples of combination products may in

    I was attending a conference last month and the topic of using business stats to "earn the right" among prospects was brought up. "Earning the right" was explained as giving your audience a reason to listen to what you have to say.

    Before you can sell anything you must establish credibility.

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

    sell anyone anything, you must first convince them you or your product or service are worthy. And one way to do that is with stats.

    At the conference, we were tasked with compiling a list of our own stats (what we've achieved in our business or career, or what qualifies us to be doing what we're doing) and I
    here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    was amazed at how few of my own I could recall on a moment's notice.

    Can you easily list all your "stats" — I couldn't!

    It was easy to come up with the obvious - I've been helping clients successfully market for 20 years.

    And I could also recall two recent marketing successes: gaining free exposure for my
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    usiness to 100,000+ of my ideal customers and tripling my web site traffic in a three-month period.

    But beyond that I was stumped. My 20 years of marketing experience and seven years of entrepreneurial experience were boiled down to three stats that did not do a very good job of representing my career or my
    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
    xpertise.

    I came home from the conference determined to compile my list of stats and to start using them. And, to inspire you, my readers and clients, to do the same.

    Use my 10 questions to create your own list of "stats"

    To make it easy, I've compiled a list of 10 questions you can ask yourself to come up
    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
    with your own list of stats. This list is just a jumping off point.

    Feel free to brainstorm further to come up with your own list of compelling stats that you believe will help you "earn the right" to be seen as an expert in your field by your prospects.

    I call this list your "10 Steps to Greatness" Why? Be
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    ause when you are able to list stats in 10 different areas, you will be able to convince your prospects you are great at what you do AND that your product or service can help them.

    I've included my own stats as examples, NOT to brag about them, but for several reasons: First, to show you I DID come home from
    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
    that conference and compile my own stats; Second, to give you examples to follow; and Third, to inspire you (if I can do it, you can, too!).

    Not all of my stats are earth-shattering. But by having a full list to choose from, you can be sure to have a handful of compelling stats available at any time.

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

    (1) How many years have you been in your current line of business (or a related field)?

    For example, I've been in the marketing field for over 20 years.

    (2) How many clients or students or customers have your served (in your current business or your total years in this industry)?

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

    Following aspects would a
    e, I've taught over 600 small business owners how to create and implement their own marketing plans using the 10stepmarketing System.

    (3) What results have you generated with your business, products or services?

    For example, I increased my subscriber base by 590% in four months and I tripled my web site tra
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    fic in three months.

    (4) What results have your clients or customers gotten with the help of your products or services?

    For example, when I worked with the American Council on Exercise, I helped them generate over 340.8 million media impressions in three years, through public relations and public service ad
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    . I have also secured nearly $1 million in free media exposure for my clients.

    (5) How many awards or recognitions have you or your business, products or services received?

    For example, I've earned three national and two local marketing awards, plus a small business top achievement award.

    (6) Have you spok
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    n, taught or done presentations?

    For example, I have spoken on marketing at conferences across the United States and in Canada, and I've taught hundreds of small business owners via teleseminar.

    (7) Have your articles been published or have you been quoted or interviewed or written up in the media?

    For exa
    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
    ple, my marketing advice is featured in Entrepreneur Magazine's Start-Up Series publication "How To Start A Personal Training Business." Additionally I am an Expert Author on EzineArticles.com and my marketing how-to articles are featured on numerous web sites.

    (8) How can you quantify your business (e.g. ho
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    many business deals or transactions have you made, or how many articles have you written)?

    For example, I've written and published 40 articles in the past six months.

    (9) How many products have you sold?

    For example, I made 20 sales my first two weeks in business.

    (10) What experts in your industry have
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    ou studied or learned from?

    For example, I have taken courses from such marketing and business experts as T. Harv Eker, Jay Abraham, Brian Tracy, Robert Allen and Mark Victor Hansen.

    I challenge you to spend some time this week, compiling your own list of stats. Start with these 10 questions and see what yo
    .

    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
    can come up with. Draw on your personal or professional experience.

    What makes you great at what you do? What experience and knowledge to you have to offer? What are you passionate about and how can you translate that passion into credibility? Why should others pay attention when you talk? Be creative. Brai
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    storm.

    Then select a few of the strongest, most compelling stats and start using them in your marketing.

    Remember, you are not using these stats to brag about your accomplishments. You're using them to get your prospects to pay attention to you and to establish credibility.

    (C) Copyright 2005 Debbie LaChus


    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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