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Digg It - Freelancers Deciding How Much to Charge and When
How much should you ask for upfront and should there be a breakdown of payments ie payments at different mileposts? How about hourly versus per project?
From my own personal experience with many clients, I can say that working per p
From my own personal experience with many clients, I can say that working per p
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
roject is by far the best, at least to start out, along with 50% upfront.
As I say over and over, you need money upfront so you are not taking all the risk. If you do the work first and then ask for payment and they stiff you, they
As I say over and over, you need money upfront so you are not taking all the risk. If you do the work first and then ask for payment and they stiff you, they
; 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
are out nothing. You are out your time and effort. And if you were really foolish and gave them the finished product before receiving any payment, you are out the product itself. You may as well just advertise for free products.
If
If
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
you look for freelance work at the freelance websites, you should avoid the people who advertise for a big job but payment is upon completion. They may have been burned in the past but that doesn't mean you are going to assume the fu
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
l risk involved in this type of deal. I saw one that said FIRST you make a working mockup of the site. Then IF you are selected, you will integrate your creation into their website. THEN they will test it. THEN if they like it, you w
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
ill be paid. WARNING WARNING! Do not take such a deal. Do not make that mockup even. Let those offshore people take this risk.
Think of yourself as constructing a building for them. Would you even order the first load of lumber with
Think of yourself as constructing a building for them. Would you even order the first load of lumber with
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
out some upfront payment? No. And they should not expect you to either. As I said, they may have been burned in the past, but that is because they did not take the proper steps to protect themself.
If they are really worried about t
If they are really worried about t
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
he risk, then have them go through someplace like GetAFreelancer.com where there is a method of holding the funds until work is approved. BUT make sure the funds are put into the escrow account BEFORE you begin work. Then if there is
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
a dispute, it can be resolved and they can't walk off with the product and the money and you can't walk off with their money without any product to show for it.
Long term? Short term? A lot of potential clients will advertise that t
Long term? Short term? A lot of potential clients will advertise that t
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
hey want a long term relationship with the right person. This supposedly means the price for the current project should be lower in hopes of further business from them. That is what the client thinks and that is what a lot of freelan
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
cers believe too. They are looking at that hourly rate for monthly work and not thinking about the current project.
Or the other scam is to say that they want a long term relationship and will pay monthly AFTER the month is over. So
Or the other scam is to say that they want a long term relationship and will pay monthly AFTER the month is over. So
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
you work on their assignments for say 80 hours in a month. You invoice them. Then you wait. You keep on working on their assignments and keep waiting for that first payment. Nothing. You are giving away your services again. So what
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
o you do? Back to upfront money. A retainer so to speak.
I call it a "set up fee". In reality if you are doing programming on an existing site, or even doing graphics, whatever you are doing, you need to have time to figure out what
I call it a "set up fee". In reality if you are doing programming on an existing site, or even doing graphics, whatever you are doing, you need to have time to figure out what
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
is already in place and how what you are doing fits in. For programmers this can take a bit of time if the previous programmer was clueless or just used a totally different programming paradigm from you. I've actually taken over a h
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
undred hours to sort out a website backend before. The site was a nightmare.
So get upfront money from the client. Nothing outrageous but approximately half of the first project they want you to work on.
Actually you should always
So get upfront money from the client. Nothing outrageous but approximately half of the first project they want you to work on.
Actually you should always
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
take the first assignment as a project and NOT as an hourly or monthly contract. You can explain it by saying this allows both sides to determine if the relationship works for both parties. If the first project works, then you can mo
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
e to a long term contract with monthly billing or flat rate monthly payments.
Personally, I believe sticking with per project contracts is the best way to go. For one thing, you can focus on just that one project and not have the cl
Personally, I believe sticking with per project contracts is the best way to go. For one thing, you can focus on just that one project and not have the cl
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
ient bouncing you all over the place on different ones. Also, if you bid a project thinking it will take 100 hours and it takes you only 1 hour you have just made an amazing amount per hour. Of course on the other hand if it takes yo
.
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
u 1000 hours you have gone in the toilet with your hourly rate.
This can hurt you when you allow a client to keep adding onto the project. The old "can you do this little thing?" shtick will kill you if you allow it. Instead, tell y
This can hurt you when you allow a client to keep adding onto the project. The old "can you do this little thing?" shtick will kill you if you allow it. Instead, tell y
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
our client you are putting it on the list for the "next phase".
Of course once you achieve a working realitionship with a client, you will know how much you can trust them and how far you are willing to go with them on payment terms
Of course once you achieve a working realitionship with a client, you will know how much you can trust them and how far you are willing to go with them on payment terms
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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