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Write You - The Three Cardinal Rules You Should Never Break
As you build your network marketing business there are three cardinal rules which you should always adhere to. If you slip up on any of these rules, you open yourself up to the 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 possibility of your group leaving. Cardinal rule number one: Never mess with anyone’s money within your business. The obvious conclusion that you may come to ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in s that this means you shouldn’t be stealing money from your downline or customers. True, but that should go without saying. There are some gray area activities that some people lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. fail to pay attention to that can eventually get you in trouble. For example, never lend people money in your group. It may be tempting sometimes to help a new business associa here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe e pay for a meeting, or more business tools or products under the condition that they will pay you back, but you must avoid this at all costs. If others find out (and count on t d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro em doing so) it may be construed as being unfair which leads to people quitting. Also, always pay the people you owe money to as quickly as possible or even ahead of time. This 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 means never being late with money you owe your upline especially, but also your downline. Cardinal rule number two: Never mess with anyone’s ego. Comedy is pa 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 t of our lives and everyone loves a good joke. Just make sure that you never ever embarrass people in your organization in front of other people. Be they upline or downline doe nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically not matter. Even if it is a harmless joke you never know how another person may take it. It is always best to play it safe and not say the joke if it involves anyone present i 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 any way. Also, be very careful about motivating people in your group in from of others. Some people respond positively to being challenged in public, but other will feel thre ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi tened or belittled by the same gesture. Unless you know for sure that the person will be motivated in a positive fashion, do not motivate others in your group in public. ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a g>Cardinal rule number three: Never mess with anyone’s spouse. This is incredibly important. The downline organizations of people who break this rule almost always s dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod ffer big time. Here are some tips to help you avoid ever having to wonder if you are breaking this rule. Never get into a car alone with a member of the opposite sex. This is e cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin pecially important if that person is married. If you do, you are creating a situation that may make people wonder if anything inappropriate is going on and just that suspicion i tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen enough to negatively hurt your business. Also, be careful with hugs. A polite hug is alright, but be careful of kisses on the cheeks. Most people will think nothing of it, bu 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 others may think otherwise. Also, never motivate someone of the opposite sex. Leave it up to another leader who is the same sex. There are lots of skills and techniques that ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust you can learn that will help you improve your sponsoring rate, but breaking these rules will almost certainly lead to the destruction of your organization. If you are building y y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products ur business for the long term (as you should be doing) then make sure to always adhere to the three cardinal rules. Each one of these ideas is critical to your success. It’s al . 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 o a good idea to check out some of the other resources available at mlmachiever.com They have some good articles and re elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip ources that cover the basics of building a solid network marketing business. Written by Cyrus Uible cyrus@uible.com 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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