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  • Digg It - eBay - Getting More Bids Using An Auction Preview

    If you sell in small niches as I recommend and are organized enough that you know what you will be listing on eBay 1 to 2 weeks ahead of time, you should give serious thought to preview
    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
    ing your upcoming auctions for your customers. The result can be increased sales and higher final bids.

    For two years I used a free hosting service to host a small web site that I used
    ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

    Examples of combination products may in
    as a pre-auction catalog. Each week this preview site would contain pictures and descriptions of the majority of the items I would be listing on eBay the following week.

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

    ng service eventually dropped it's free hosting, because of time constraints, I let that part of my business slide. Over the course of the next 3-4 months I saw a significant decrease 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
    the number of bids, the final selling price, and the number of auctions that closed successfully. At the time that was an industry wide trend but I also think it had a great deal to do
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    with the fact I no longer had a preview site on-line.

    After a few months I moved the site to a cheap hosting company and saw an immediate increase in bidders, final selling prices, and
    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
    closing prices. Adding an auction preview site to your business model can have significant benefits to your eBay business.

    An auction preview site has several advantages - both to you
    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
    and to your potential bidders.

    Advantages to the bidder include:

    1. It gives them additional time to do research on an item if they want.

    2. It gives them more time to ask que
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    tions about an item.

    3. It allows them to plan their purchases. Many bidders budget a specific amount of money each month for on-line purchases. I've had several bidders tell me they'd
    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
    decided not to bid on someone else's item so they would have the money to bid on what I was listing next week.

    Advantage to you the seller include:

    1. It gives you a chance to
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    one your description if needed. If you are receiving a lot of similar questions from several customers about an item it probably means you need more or better pictures or to make your d
    ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

    Following aspects would a
    escription more detailed.

    2. In most cases it will increase selling prices. I've found that people tend to bid earlier on auctions that they have been able to preview. This early biddi
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    g attracts other bidders to the auction and often drives the final price up.

    Your preview site doesn't have to be anything fancy or expensive. A free hosting service works just fine fo
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    what this would be used for. Most of them offer 10-25 megabytes of space, and easy to use page building tools. That's really all you require.

    Another option might be
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    ref="http://geocities.yahoo.com/">geocities.yahoo.com which gives you 25 MB of web space, 5 GB of data transfer and a helpful web page building utility for only $4.95 a month.

    Also
    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
    most of you will find that your ISP offers 10-25 megabytes of free space. If you have a basic knowledge of FTP and HTML this may be a good route to take.

    What should you put on your
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    preview page?

    1. The items you will be putting on eBay the following week.

    2 Clear pictures of the item.

    3. A well written description of the item including any flaws.

    4. An ea
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    y to find email link so prospective bidders can easily email you with any questions they may have.

    Advertise your preview site by including a link on your About Me page. Include it in
    .

    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
    ll winning bidder announcements and other correspondence you have with customers. A link in your signature file is a good idea. If you have a list, send an announcement of your new prev
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    ew site to your list.

    If you try this for a month or two I think you will find the results pleasantly surprising - and well worth the effort involved. And, your customers will love you


    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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