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Digg It - Why You Aren't Making The Money You Want To On The Internet And What To Do About It!
Many clients come to me with problems…
The most common problem I hear from people is they arent making the kind of money they want to make with their Internet business. They dont know what the problem is and they want me to help.
Ill tell you what
The most common problem I hear from people is they arent making the kind of money they want to make with their Internet business. They dont know what the problem is and they want me to help.
Ill tell you what
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
the problem is. Most of these people are what I like to call “opportunity seekers.” These are people that have too many sites and dont spend any time focusing on ONE business. They may have 20 or 30 websites, with each site only breaking even or mak
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
ing a few hundred dollars every month.
Most opportunity seekers are not making the money they want or achieving their financial goals. Why?
They are making a common mistake. They have too many sites, too many interests. This prevents them from focu
Most opportunity seekers are not making the money they want or achieving their financial goals. Why?
They are making a common mistake. They have too many sites, too many interests. This prevents them from focu
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
sing their efforts and creating the six figure income they dream of.
Focus Is The Key To Long-Term Success
If you want to succeed on the Internet, you are much better-off staying focused. That means starting off with one site or idea and perfecting
Focus Is The Key To Long-Term Success
If you want to succeed on the Internet, you are much better-off staying focused. That means starting off with one site or idea and perfecting
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
it before moving on to the next Internet adventure. Far too many people have a “get rich quick” mind-set. In fact, Id say almost all opportunity seekers have this mind-set. They jump from one program to another hoping one of them will lead to succes
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
s.
Opportunity seekers are always the first to jump on the next “big” moneymaking bandwagon. It may be one thing one month, another the next month. They may try to concentrate on affiliate marketing then switch dramatically to e-book marketing the
Opportunity seekers are always the first to jump on the next “big” moneymaking bandwagon. It may be one thing one month, another the next month. They may try to concentrate on affiliate marketing then switch dramatically to e-book marketing the
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
next. Whatever seems to be working for others they jump into with wild abandon, without considering their true talents, abilities and interests.
These people are looking for some easy way to make money. They think they can make money with Google AdS
These people are looking for some easy way to make money. They think they can make money with Google AdS
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
nse or just a web page, or even with a multilevel marketing program. This is NOT how an entrepreneur thinks! However, this is exactly how an opportunist thinks. They always are looking for shortcuts, and then wonder why it isnt working.
It isnt work
It isnt work
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
ing because you have no focus. You must have focus. You must think like an entrepreneur. Focus is one of the most vital aspects of your success. My advice to these newbies is shut down 29 of your sites and focus on one site, the one that best represe
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
nts your interests.
Optimize it. Work on refining it. Refine your sales process and your back end on this single site and make it successful BEFORE you move on to the next site.
Yes, I have many sites. But I am Dan Lok. Youre not there yet. Perfect
Optimize it. Work on refining it. Refine your sales process and your back end on this single site and make it successful BEFORE you move on to the next site.
Yes, I have many sites. But I am Dan Lok. Youre not there yet. Perfect
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
your one site. THEN you can think about moving on to other moneymaking ventures.
Horizontal Vs. Vertical Business
Many people have what I call a horizontal business. A horizontal business has many sites in many different niches, like hobby niches.
Horizontal Vs. Vertical Business
Many people have what I call a horizontal business. A horizontal business has many sites in many different niches, like hobby niches.
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
People who own horizontal businesses have 20 or more separate business ventures. I recommend having a vertical business instead. A vertical business is a business that has depth and focus.
Having a vertical business means if you have a product in a
Having a vertical business means if you have a product in a
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
particular niche, like stock trading, focus on selling products related to that and that only. Put all your eggs in one basket and create a funnel effect. This way youll have one group of customers and you can become a big fish in a small pond. Youll
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
have all your eggs in one place yes… but youll become an expert egg layer and watch all your eggs hatch with great success. Make sense?
What is the problem with a horizontal business? You arent specialized. Its almost impossible to make a six-figur
What is the problem with a horizontal business? You arent specialized. Its almost impossible to make a six-figur
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
income with this kind of business because you dont spend enough time on any ONE business.
When you have a vertical business, you have fine-tuned your business so well competitors have a hard time keeping up with you. People cant compete. You also b
When you have a vertical business, you have fine-tuned your business so well competitors have a hard time keeping up with you. People cant compete. You also b
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
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
uild a strong client base with satisfied customers.
Think Like An Entrepreneur
So, the biggest problem people have is they are opportunity seekers. The key is thinking like a true Internet entrepreneur. Dont jump on the trend bandwagon. Dont ask wh
Think Like An Entrepreneur
So, the biggest problem people have is they are opportunity seekers. The key is thinking like a true Internet entrepreneur. Dont jump on the trend bandwagon. Dont ask wh
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
at the shortcuts are. An entrepreneur has a long-term vision. You have to have a one-year, five year and ten year vision. Find out what you want your business to look like in the long-term.
Ask yourself, “What do I want to accomplish ultimately?” Th
Ask yourself, “What do I want to accomplish ultimately?” Th
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
n decide whether your activities fit with your goals. Stop jumping from one program to another. Focus on one program, one site, and one great idea. This is what you have to do if you want to make six figures. It has nothing to do with your knowledge,
.
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
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
skill set experience etc. It has to do more with your focus.
Sit down. Think about it. Stop jumping from one program to another and stop getting sucked into false moneymaking schemes. Find out what your goals are, what you want to accomplish. This
Sit down. Think about it. Stop jumping from one program to another and stop getting sucked into false moneymaking schemes. Find out what your goals are, what you want to accomplish. This
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
is a far superior approach. Yes, it takes a lot of energy. But its worth it. In the long-term its much less tiring than diversifying your business.
Once you are an expert in your industry or niche, THEN you can think about diversifying your business
Once you are an expert in your industry or niche, THEN you can think about diversifying your business
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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