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Digg It - Direct Mail Marketing and Wine Labels - What's Your Big Idea?
Not long ago, I read that well-known California winemaker Rodney Strong had passed away. While recounting his profess 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 ional career, the article cited Strong's innovative direct mail marketing tactics. An excerpt: "Strong developed a ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in arketing strategy that involved direct mail in which he offered to sell wine with a buyer's individual information on lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. the label – 'From the wine cellar of so-and-so,' or 'A gift from such-and-such corporation'."
The pro here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe ram continues to this day, as living testament to its effectiveness. That story got me thinking about the way we mar d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro et our products and services in relation to their uniqueness. For instance: Why do so many companies today waste ti 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 me and money marketing average products and services to hard-to-impress consumers? Why don't more companies follow th 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 Rodney Strong model (remarkable product / service idea first; marketing second)? Marketing the Remarkable nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
Rodney Strong took something simple but interesting -- personalized wine labels -- and made it available to his aud 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 ience. Why was it so popular? Because nobody else was doing it at the time. Rodney gambled on an idea, and it worked. ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi He made something that was remarkable to his customers. Then, all he had left to do was tell them about it (in this c ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a se through direct mail), and they asked for it by the thousands! Here's the idea again: Come up with a remarkable p dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod roduct or service, and then start telling people about it. Word-of-mouth will take it from there. How Do You Meas cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin re Up? If you struggle when creating your direct mail message, it might indicate that your product or servic tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen could use a shot of "the old remarkable." Or think of it this way... If you stripped away all the marketing glitz 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 and set your product on a shelf by itself (or described your service on a plain piece of paper) -- would it seem rema ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust kable? Would it impress members of your target audience? Or, are you relying on your marketing to add the pizzazz? I y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products stead of struggling to promote something average, dig deep to find the above-average aspect of what you're selling. I . 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 f there isn't such an aspect ... go back to the drawing board and make one. * You may republish this article in its elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip ntirety as long as you include the byline and author's note. If publishing online, please leave the hyperlinks active 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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