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  • Digg It - Internet Speedway - I'd Take Another Route

    One of the basic forumlas for making money on the internet is drop shipping. This means you are advertising items for sale on your site, newsletter, ezine, etc that are actually located at another company with which you have a
    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
    relationship. When someone buys one of the items from you, an order is placed to your dropshipper, which mails the item directly to the purchaser. You keep the difference between the price you charge your customer and the pric
    ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

    Examples of combination products may in
    e the dropshipper charges for the item as your profit.

    This seems simple enough, and it pretty much is. The catch is finding drop shipping companies out there. Also, you'll need to create a website that can feature items you
    lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

    ant to sell, get the website hosted, advertise and promote your site on the search engines, and hope your efforts build enough traffic to your site to start generating sales.

    As you may have guessed, the above tasks can be diff
    here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    icult. Just finding decent and reputable drop shipping companies on the internet can be hard. It is almost if they don't want to be found - perhaps this is their way of keeping away the inexperienced, or those who aren't able
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    o generate enough sales for them. Fortunately, several enterprising companies have created tools that help you streamline this whole process.

    Enter Internet Speedway.

    I purchased the Internet Speedway software back in early 2
    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
    005. They offer you a website that is set up to display items from certain dropshipper companies. All you need to do is enter a name for your site and enter whatever text you would like for the pages. There is a function that
    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
    lets you place items for sale from a drop shipping category on your site. They also allow you to enter items from other sources, so you can place an item you want to sell on the site that doesn't come from a dropshipper.

    Over
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    ll, I found the interface to be fairly easy for someone with basic levels of computer skills. The software includes a merchant account service, so you don't need to open a new account in order to accept payments. Your choice o
    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
    f categories of items for the drop shipping is limited to one if you have the basic package of Internet Speedway. You can add additional categories for an extra monthly fee. I find the catalog selection to be limited; in sever
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    l cases items are sold out or unavailable. The option of adding other items is appealing, but it doesn't outweigh the limited selection. Besides, if I wanted to sell my own items, why would I sign up for a drop shipping progra
    ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

    Following aspects would a
    m?

    Be warned about the trial period for Internet Speedway. Their offer indicates you get a 90 day trial period. What they don't tell you is this trial begins from the moment you order Internet Speedway on the phone. Right of
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    f the bat you've lost several days, up to a week in your trial period. I stuck it out past the refund deadline. Then I realized I needed to start promoting my website.

    When I began trying to promote my Internet Speedway site
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    was a novice at web promotion. I tried calling the Internet Speedway support line for assistance. Right away, the person on the phone began trying to sell me on an upgraded version of my Internet Speedway purchase. I appreci
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    ate the fact they are selling a product, but knowing what I've learned recently about search engine marketing, it could have been done a little differently. My argument is that they should make the lowest level of investment be
    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 "upgrade" version that gives you assistance with marketing their site. Based on the limited selection of their drop shipping categories and restriction of their website templates, I was not inclined to throw the kind of mon
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    ey they wanted towards more of their software.

    Another charge you should be aware of is the hosting service fee. The Internet Speedway person did mention this on the initial call I had with them. What this means is through yo
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    ur Internet Speedway purchase, you get 1 year of free hosting for your site. After that they charge you a monthly fee. While a hosting fee is a fact of life if you want to have a website on the internet, you can find cheaper d
    .

    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
    als than what they offer. I soon cancelled my Internet Speedway account, a few months shy of the end of my free hosting. I later found a hosting provider that charged me the same as Internet Speedway but offered me a lot more
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    server space and complete freedom to put the site up that I wanted.

    While the "all in one" tools that make setting up an ecommerce website can be attractive, I suggest you look for opportunities elsewhere than Internet Speedway


    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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