Digg It - Internet and Businesses Online

Up until a few years ago, I only ever used Ebay to buy things. I mostly looked for od

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

ds and ends -- things I collected (usually sports related) that you can't find in sto

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

Examples of combination products may in

es anymore. I enjoy that immensely (finding an out of print book or a press pin to th

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

e 1959 World Series for example).

But one day, my eyes were opened to the opportunit

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

of selling on Ebay. Here's what happened.

I was searching for a jersey that I wante

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

Combination pro

. My favorite team wore it once in the previous year and I had to have one.

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

I'd seen a bunch on Ebay before, but they were all a little more expensive than what

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

wanted to pay. During my search, I came across a jersey that was different from what

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

I was looking for (but still very cool!) and way too cheap.

I started to wa

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

tch that other jersey. And I realized that no one was bidding on it. I could

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

't figure out why. The specs were all good and the seller was reputable.

So I waited

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

Following aspects would a

And towards the end of the auction, I put in a bid. I won it. I bought this jersey f

dd to the challenges in developing combination products:

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

or about half of what I thought it was worth.

When the jersey arrived at my house, I

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

was impressed. It was exactly what I thought it would be. Now, I didn't want the jers

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

y. I just thought it was a deal. And I figured I'd try to sell it. So I did.

Selling

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

the jersey was just as easy as buying something on Ebay. I ended up selling the jers

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

Professional from academic institutions, pharmaceutical industries, health care indust

y for what it was worth (about double what I paid for it just a week before).

That's

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

what got me hooked. Ever since then, I've been selling on Ebay. Now, I don't always s

.

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

ell things that I buy and then resell -- those deals can be hard to come by. But it's

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

Companies that provide selfless information through particip

usually easy to find things to sell, especially when you get up and running with 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

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.diggit.org.ua/article/55651/diggit-My-Story-How-I-Got-Started-Selling-on-Ebay.html">My Story: How I Got Started Selling on Ebay</a>

BB link (for phorums):
[url=http://www.diggit.org.ua/article/55651/diggit-My-Story-How-I-Got-Started-Selling-on-Ebay.html]My Story: How I Got Started Selling on Ebay[/url]

In the past issues we have discussed how passive income streams can help you make full time salary, without having to work full time. However, for your passive income streams strategy to be successful, you need one element to make that happen. This element is marketing.

Whether you want to admit it or not, soap operas may hold the key to your home business success. This article includes a few home and small business principles I learned while watching SoapNet.

I'm a firm believer most entrepreneurs should engage in selling affiliate products, unless perhaps you are already making 6 to 7 figures. It's simple, easy and can create cash on demand when you really need it.

Tags

Links

Digg It - My Story: How I Got Started Selling on Ebay

Related Articles: