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Multiple streams of income is something each person or family should be striving for. It really gives you a better

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

sense of security should any trouble arise. What it means is having more than one place where you are earning income. If t

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

Examples of combination products may in

he one source of money goes away, then you will still have another source. I recommend trying to get at least 5 sources of

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

income as soon as possible, and then gradually build it up to about 10. Each does not need to be much, maybe about $300 p

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

er month. Last time I checked, 10 x $300 is $3,000 per month. This would be pretty good, as most of it will be residual. L

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

Combination pro

et’s look at a simplistic view of multiple streams of income.

Rental income: Most of us have never had any rental

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

income, and probably do not know where to start. There are plenty of books out there to get you started. In this case, you

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

would buy a house with a mortgage of $400. Then rent it out for $700. This would give you the $300 you are looking for.

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

MLM, or Direct Sales: I do not care what people say about this, mlm is a very effective way of building residual income, a

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

nd fast. You need to look at it this way: You are already buying “stuff”, so if you can get the same “stuff” somewhere els

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

, for close to the same cost, then do it. And then tell others about it. And if the quality is much better, then you get m

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

Following aspects would a

ore bang for the buck.

Second job: This is questionable, but it is a source of income. If it can be a part time job, no m

dd to the challenges in developing combination products:

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

ore than 20 hours a week, this will definitely help.

Internet business: This can be selling stuff on eBay, doing some int

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

ernet marketing, or selling stuff for other people. I have personally sold stuff on eBay for others, and made a little mon

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

ey from this. Especially if they are not computer literate, it is pretty easy money.

Start a business: This can be anythi

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

ng here. If you can find something others do not want to do, or like to do, you can make a killing with it. My friend clea

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

Professional from academic institutions, pharmaceutical industries, health care indust

ns houses, and what started out as 1 house a week, has now turned into over $1,000 per month, and she is turning down work

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

. Her husband is actually thinking about quitting his job to help her full time.

There are 5 simple multiple streams of i

.

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

ncome. There are so many more, but the point is to start now. It will take some time to build it, but once you have them i

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

Companies that provide selfless information through particip

n place, you now truly have financial freedom and security. But it is only possible with multiple streams of income

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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Do you sometimes wonder what's the point of setting intentions? Some solo-preneurs set goals and intentions with joy- but others sabotage their business success by subconsciously waiting for their intentions to bomb. Which is it for you?

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The best way to start your new job search is to create an effective search strategy. It is time to take advantage of all the help you can get.

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