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  • Write You - Working For Money Vs. Building Assets That Makes Money

    I have always been interested in internet marketing, because the internet market is vast and the potential
    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
    for financial rewards is huge. I am looking into all the aspects of internet marketing, "selling on line
    ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

    Examples of combination products may in
    ",so to speak, but I have found it to be very confusing. Every time I subscribe to a newsletter or "How t
    lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

    Make Money" online course, the writer/marketeer wants to push their product, whether it works or not.

    Th
    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 more information I get, the more confused I become. The computer technical information is overwhelming,
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    as well as the information from the marketeers. Who to trust? Which internet marketing course to spend my
    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
    hard earned money on? Will it work? So many questions, but no answers. Then one day I was checking out a
    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
    newsletter that was referred by another newsletter that I subscribed to. That new newsletter completely o
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    ened my eyes.

    One of the concepts in this newsletter said,"GET OUT OF TRADING HOURS FOR DOLLARS MENTALITY
    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
    ,AND FOCUS ON BUILDING ASSETS THAT MAKE MONEY WHILE YOU ARE NOT WORKING". It made perfect sense for me.
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    et's say that I am making $100 dollars an hour(a very good hourly wage) and to earn $500,000 a year, I hav
    ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

    Following aspects would a
    e to work 5000 hours a year(based on 100 hours a week for a year). To earn $1000,000 a year, I would have
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    to work 10,000 hours a year. Can I work that many hours? Definitely NOT! There are only 8760 hours in a ye
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    r. On top of that ,I would have no time to enjoy life. Most people can't even work 2000 hours per year.

    I
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    n another scenario, if I build an asset(for example, a money making website for a niche market), it can ma
    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
    e money for me while I'm working or sleeping, day or night, no hourly restrictions.

    The beauty of interne
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    t marketing is - everything is done automatically by the software and the hardware.

    Conclusion - building
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    assets that make money infinitely, are far better than working for money.

    SAM WONG

    This is just one of
    .

    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
    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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