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I firmly believe the key success factor in Network Marketing (also known as MLM) is simplicity. Network marketing is a very simple business. But keeping it simple does not mean that hard work is not involved. One of

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

the common mistakes is that people try to make it complicated.

Even if a complex system achieved great results for you, others will find it difficult to copy. In network marketing, personal success isn't your greates

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

Examples of combination products may in

t asset. Your greatest asset is having a system that guarantees the success of everyone using it. The success of others –and ultimately, your success–is dependant upon their ability to do the same things you do. Kee

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

p the least experienced of those in your network in mind when you set up a system of doing things for your organization to follow.

Everything you do must be so simple that anyone can quickly dupli

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

ate your efforts and achieve the same phenomenal results as you.

There are a couple of key phrases to remember:

Anyone
Don’t do things that require special skills or resources ava

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

Combination pro

ilable only to you or a limited number of people. When you do things that anyone can do you open up your business to a much larger pool of people who can become successful.

Quickly Duplicate

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

You need to build your network as quickly as possible. You can only meet with a few people each day and can personally close even fewer sales. But using a network marketing strategy, you can help others quickly lea

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

rn to do the same simple things as you. When they do, they multiply your efforts.

If you are in the network marketing business and you have not fully comprehended the Power of Duplication or the Principle of Multipl

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

cation, you have obviously missed out the entire essence of the business.

To convey the concept, I often ask, “if you recruit only one person a month and if every person you recruit does exactly as you do, how many p

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

ersons would you have in your organization by the end of the year?” I then remain silent and let my listener squirm to find the answer. When I finally tell them that the figure is 4,096, you can literally see the wide

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

ning of their pupils and their mouth as the principle dawns onto them.

Their next question usually is: “How do we do that?” The answer is found in the next key phrase:

Same Phenomenal Results
Thi

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

Following aspects would a

s is Quality Duplication. Each person in your network, from top to bottom, must be able to exactly duplicate what you are doing and be able to teach others to do exactly the same thing. How large a sales team

dd to the challenges in developing combination products:

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

ou can build depends on how well it is duplicated i.e. Quality Duplication.

To ensure duplication you need a system i.e. processes that anybody and everybody can follow and teach. You cannot duplicate a person but yo

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

u can duplicate a system. Ray Krocs, the founder of MacDonald’s cannot be duplicated but the MacDonald’s franchise system can be and is, to almost 100% perfection in 18,000 outlets worldwide. In building a successful

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

and long-term network, the System must rule. Remember a system is only as good as it is duplicated. The more complex a system, the less likely quality duplication will be achieved. To make sure you duplicate well,

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

follow the System you are provided with religiously. There is no perfect system and your time is better spent perfecting your ability to duplicate it rather than perfecting a system.

The way to test whether your sys

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

Professional from academic institutions, pharmaceutical industries, health care indust

em is simple enough is to ask yourself if downlines’ activities will continue (as they should) when you go away for a long holiday. Will MacDonald’s still be around after Ray Krocs has gone away?

Keeping it Simple

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

To ensure you do things that your distributor can learn from and duplicate, use the D- question: Is what I am doing easily duplicable? From the meetings to the prospecting techniques you use: “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

s it simple enough to be duplicated?” Keep asking yourself the D-question and if you answer “yes” at least 75 % of the time, you are on track.

The most successful people in the business understand that it MUS

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

Companies that provide selfless information through particip

T be kept simple in order to grow your business. Show others how simple it is to do what you do. They need to see you do it, and then believe it is simple enough for them quickly duplicate to achieve the same results

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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If there are times when your web site is displaying apparently random ads which have no relevance to your site at all or worse, it’s displaying non-revenue Public Service Ads (PSA), then that’s a sign that you need to work harder to help Google make up its mind.

Foreign Exchange trading, frequently known as FOREX is the largest and the most fluent financial market in the world. FOREX is the trading of different currencies all around the globe.

Here are some questions to ask yourself to determine whether you are ready to refinance or not.

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