d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
>Test ONE element at a time. The only way you'll be able to determine cause and effect is to test one change at a time. Let's say you want to test
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
he headline on your sales page AND the body of your salescopy.
If you make changes to both at the same time, you'll have no way of determining which change generated what r
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
esults.
Take note of your site's vital stats. Before you test ANYTHING, find out how many visitors you need to attract to yoursite in order to maknation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
a sale. Just divide the number of visitors you get by the number of sales made in a given period of time.
Let's say you got 300 visitors to your site in one day and you ma
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
de 12 sales. The formula would look like this: 300/12 = 25.
So for every 25 visitors you got that day, you made 1 sale. (Expressed as a percentage, this means your conversi
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
n rate was 4%, as 1/25 = 0.04.)
This number is key to success with this Internet marketing technique. Think of it as your benchmark for how well your site is doing its job.
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
If it dips or spikes, you need to find out why right away!
Prioritize your testing. Start testing your lead moneymakers first, as these will have dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
the biggest impact on your business -- be it a best-selling product or your opt-in subscriber rate.
Think in terms of percentages (not whole numbcts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
rs) when making revenue forecasts for your business.
Imagine if you changed the headline of your sales page this morning -- and you ended up making 25 sales, just like you
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
did yesterday. Does that mean that the change to your headline had no effect on your sales numbers?
Not if the number of visitors to your site changed! (Your conversion rat
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
will have changed, too.)
Find out where your best conversions are coming from. If you can pinpoint where your best customers are coming from, youping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
can put your energies into attracting more of those people to your website... and improve your conversions even more.
Using programs like Google Analytics, you ca
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
see whether your most qualified visitors are coming from pay-per-click ads or from organic listings, for example.
Now that you know the most important test
.
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
ing elements, you can start putting this highly effective Internet marketing technique to work for you today!
To get more information about this essential Internet marketin
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products