Digg It - Internet and Businesses Online

First Method:

CHECK OUT WHAT'S HOT ON EBAY

In case you haven’t already noticed, Ebay has a TON of resources for sellers. One of the main resources that I use on ebay is “Seller Central”. Ebay will actually tel

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

l you what is “hot”.

The last time I looked at what was hot, one of the things listed was golf clubs. If you wanted to buy and sell golf clubs, you do not have to be a professional golfer or even know anything abou

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

Examples of combination products may in

t golf. I have sold all kinds of things that I don’t know about. The process is simple. After deciding on something that you want to sell I simply open up two web browsers and tile them vertically.

In one browser

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

I go to my favorite classifieds site (craigslist.com) and in the other browser I go to Ebay.com. Now, do a search on craigslist.com for the item that you are looking for. For instance, let’s say that I’m doing a

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

search for a “Big Bertha Golf Club” on craigslist.com. After the results come up, look at the price that the seller wants. Now, go to Ebay in the other window and type “Big Bertha Golf Club”. Now sort it by “

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

Combination pro

nding Soonest”.

You will now see what the Big Bertha Golf Club is selling for on Ebay. If the ad for the golf club on craigslist.com is only $35 but on Ebay it is selling for $150 then there you have it. Offer

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

the seller of the club $40 including shipping. Have the golf club sent to you then list it on Ebay. Then every penny over $40 that you do on Ebay for the club will be pure profit.

Always, always, always compare

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

the items that you find on the classifieds sites to Ebay. You HAVE to make sure that you can make a profit off of the products that you buy. When you are buying the products be sure to ask the seller about the

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

condition of the product. You don’t want to buy something that is in bad condition.

You will find that most people take really good care of their things. I have often run into items that were worth over a $1,000

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 someone wanted to get rid of for $200 and has only every been used two or three times.

Second Method:

PICK SOMETHING THAT YOU KNOW A LOT ABOUT

I am a scuba diver and know a lot about scuba equipment. Are you

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

a hunter? Do you know a lot about hunting gear? What about computers? Do you know a lot about computer supplies? What about antiques? Do you know a lot about old tables, chairs, etc? Use your imagination.

Th

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

Following aspects would a

is could be anything that you have a hobby in and know a lot about. Also, don’t lock yourself down to one item. Don’t keep all your eggs in one basket. If you are really struggling with this method, use the first me

dd to the challenges in developing combination products:

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

hod of studying “what’s hot” on Ebay. I switch and use both methods when I want to try something new.

I have made a ton of money using these methods and continue to profit every day because of it. With two hour

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

s a day you could really get things moving and start making some serious cash. Start small. Buy something that you think is worth $100 that you can get for $25. Triple your money! Take $50 back for yourself and inve

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

t another $50 in something that you can make $200 on.

So now you’ve already paid yourself and made another investment to more than double that money. Start small so that you don’t strap yourself purchasing things.

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

Remember, always pay yourself first before you reinvest your money.

Don’t go out and blow $1,000 on something to make money. Take $25, $50, or even $100 depending on your budget. Start with local classifieds until

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

Professional from academic institutions, pharmaceutical industries, health care indust

ou have them all saturated. Then move to online classifieds.

I have found old antique refrigerators that people are selling for $35 that are worth over $1,500. The opportunities are endless.

This business may se

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

em way to easy, but I’m telling you and I can prove to you that we have done about $24,000 on ebay using these same methods. I truly believe that the money is in the used stuff, not the new stuff. People buy t

.

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

ings out of emotion and because they think they really need it.

Three weeks their interest moves to something else and they leave that item sitting in the closet for months. Sooner or later it gets in their way a

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

Companies that provide selfless information through particip

nd they want to get rid of it for pennies!

I have always gone by the saying of “Work smart, not hard”. There is money to be made many different ways. This is a very easy and fun way to make some really good money

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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One of the areas that are often ignored in time management is communication skills. Many overlook the important aspects of communication and get caught up in time wasting. While others go through communication too fast, and ignore details that are productive. Finding the right balance of effective and efficient communication can be the greatest aspect of time management; bringing you to your completed objectives. Unless your objectives are in a vacuum where you are the only one involved, communication is definitely necessary.

In times of conflict you can take one of two positions. First the position is that of having your heels dug in and believing you are RIGHT. The second position is where you care enough to understand what is motivating the other person’s behavior. My recommendation, as you might have guessed, is the second.

Hard facts and insights from an experienced drop shipper that will help any entrepreneur whether they are just beginning or a seasoned veteran.

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