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Ever since a few prime domain registrations sold for as much as $8 million, domain squatting has become one way of earning big bucks in the cyber world. “Pa

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

rked domain monetization” has become a career for many individuals.

Domain name speculation is like investing in the share market; you could raking in big

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

ucks or make a loss. Most techies consider domain name speculation a way to make a fast buck as it is low investment with a huge profit potential. However,

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

hese days registering domains could also lead to your getting embroiled in the entanglement of a law suit.

According to major registrars, the parked domain

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

business nets over $5 - 8 million each year.

1. Domain pages can be registered for small sums of money with a full refund if cancelled within 5 days. So, y

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

u can select a few names and see what happens.

2. If the “name” is an important one then it could sell for between USD 5000—USD 8 million dollars. If you a

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

e lucky you could buy a name that has great demand.

3. While parked you can earn from the web site by running ads and generating traffic. Revenue from text

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

ads is projected to be approximately USD 400-600 million world wide. According to Susquehanna Financial Group it is expected to become a USD 1 billion dolla

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

business by 2007.

4. One can use Google’s Adsense to turn the parked pages into some use.

5. It is important to use the forwarding and redirection servic

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

offered by the domain registrar. Only then, will all searches that are related even closely to the name registered by you will be forwarded to your site.

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

. Tie up with a suitable affiliate program. Then you will make money by simply redirecting surfers to sites they are aiming for. For example if your site is

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

onlinebooks.com then by setting up an affiliation with a book seller or online library you will benefit greatly.

7. You can at an appropriate time sell th

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

domain name on an auction site. You could either list the names on Ebay.com, Afternic.com, or Ezdomainauction.com or hire a broker to sell the domain for y

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

u. One such broker is GreatDomains.com. To give you an idea, domains like internetbank.com sold for $92,800 while a1restaurants just sold for $730.

To be s

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

ccessful, you have to create a system. First you must find out on a regular basis which domain names are for sale, which ones have expired, and which names

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

re likely to have a “demand” on the market. Then, you need to register as a merchant on a popular site that has high traffic like Aftenic or eBay and displa

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

what you have for sale. High quality domains, you will find, immediately receive bids. All you need to do is keep in mind a suitable price and sell for a p

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

ofit.

As a “domain investor” you need to know which ones to buy. Assured are names that end with .com or .org. The estimated income if you are clever could

.

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

be as high as USD 5000- 10,000 each month. However, don’t let the thrill of profit carry you to the deep end. Financial disasters can happen quickly. Invest

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

a little, get back your investment and then reinvest the profit.

Domain buying and selling can become addictive just like poker or horseracing.

Be careful

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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