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Digg It - Maximising Your eBay Auctions Sales
It is true that your selling prices in eBay are pretty much out of your control,
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
but there are certain things that you can do to maximise your eBay sales.
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
ong>1. Don't start with a high bidding price. This will turn away peop
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
le as they will think that they won't get a good deal. From my experience, low b
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
dding price will almost always produce better sales since your potential buyers
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
will be watching these items and there will be fierce competition just few minut
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
es before the eBay auction end. Experienced eBay bidder will bid only when the a
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
uction come close to the end as they don't want to drive the price up.
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
. Make sure your auctions end at the right time. This is crucial. I ha
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
ve seen so many people ignoring the importance of this and get only low number o
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
f bids and consequently low sales price. It is important that you don't make the
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
same mistake. Remember that most people will not go to eBay when they are worki
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
g during the day. So make sure that your eBay auctions end when most people are
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
home, that is at night during weekdays or in the weekends. Keep this always in y
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
our mind when you are posting your eBay actions.
3. Attract more potent
3. Attract more potent
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
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
ial eBay buyers with listing upgrades, but make sure you keep track of eBay fees
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
/strong> eBay's got lots of upgrades to make your listing look more attractive
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
and different from most people's listing in hope of attracting more buyers. Feel
.
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
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
free to use these upgrades but don't overdo it. It's very easy to get carried o
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
n with these upgrades and you might end up handing over all your profits to eBay
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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