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Your friend just joined an MLM or Network Marketing business and is asking if you’d like to make some extra money? You trust her and everything sounds great. But do you really know if this is the right business

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 you?

Many times people get started in MLMs or network marketing because of a friend or family member’s recommendation. That can be a wonderful introduction to excellent products and services. But if you’re

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

Examples of combination products may in

looking to make some serious money, and especially if you’re new to this industry, do your homework before joining. If you are already with an MLM and you’re not having the success you want, don’t blame the indus

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

ry. You may not have found the right company for you. Search for people that really know the answers to these questions, and then make your decision.

1. How long has the company been in business? If it is a b

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

rand new start-up, there may be huge potential, but there can also be huge risk. If the company is new, talk to people at the headquarters to learn more about the management team and their history. Companies who

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

Combination pro

have been in business a few years have track records to help you gauge how stable they are. You don’t want to represent a company that folds in a few years.

2. How do people earn money with that business? Is i

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

t through recruiting, retailing or a combination of methods? The more options you have to earn money, the better your chances are of finding something that you enjoy doing. And if you recruit others, they have t

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

ose options also.

3. Do you like the product or service the company offers? Many times people join an MLM for business and financial reasons. But if you don’t like the product or service you are representing,

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

you won’t go very far. To be successful, you need to be a product of your product. Your belief, or lack thereof, will speak much louder than any words.

4. How much money does it really take to get started? Th

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

re are a variety of programs available and many have very low start-up costs, but find out if there are additional costs once you join. Choose a business that works within your budget. But remember, anything wi

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

th real income potential takes some initial investment. If you have nothing to invest right now, start saving today. A home business is one of the best tax strategies you can have.

5. Is there true residual in

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

Following aspects would a

come? If you are looking for significant, long-term income, this is a critically important question to ask. For most MLMs when you build a team, or an organization of other people who buy products or services fr

dd to the challenges in developing combination products:

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

m the company, you get a commission on their purchases. True residual income means that if you decide to stop working that business at some future point, you would still continue to receive commissions from the c

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

ompany on purchases of your team members. Companies vary widely though on whether they will still pay you commissions if you stop working. Some have quotas or growth requirements that need to be met to get your

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

heck. If you are serious about long-term income, you cannot afford to gloss over this topic.

6. Will you get the help and support you need? Most people need support from an experienced, successful person for c

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

oaching and mentoring. “Sponsor shopping” is very common. Interview the person to find out if you connect with him/her. And if you partner with a friend or family member who’s new to the business also, make sure

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

Professional from academic institutions, pharmaceutical industries, health care indust

there’s an experienced member of your support team available to help.

Have you ever said “I don’t like (or want) to sell?” You’re not alone. Most people dislike “selling” because we remember buying something we

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

didn’t really want because we felt pressured. Not a pleasant memory! This industry has grown so much. Good mentors show you how to listen to people and offer solutions. So, the final guideline is…

7. Trust y

.

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

ur instincts. If you have some fear and uncertainties, that’s normal. But if you feel pressured to join or to buy, run the other way. Successful network marketing is about honestly helping others. And when you

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

Companies that provide selfless information through particip

find the right company and product, it is a wonderful vehicle where ordinary people can truly earn extraordinary incomes.

You deserve success and happiness. Don’t let anyone or anything steal that. Blessings

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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