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I sat down and wrote this as a response to one of my subscribers who was distressed and needed ways to make money fast. They had no money to use, but had urgent debts that needed to be met. They

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

wrote to me as a last resort, I was touched by their sincerety so I came up with my best strategy to deal with these challenges.

These three ways to make money fast can be used with very little

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

Examples of combination products may in

oney in reserve. Of course they are legal and honest and apply simple business principles on a micro scale. I believe you can utilize either of these few strategies to successfully put $1000 to $

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

000 into your account in a few days.

Exporting product

In this approach to making money fast and easy we are going to emulate the macro business of trade. An international exporter finds

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

a market that has a high cultural demand for a particular product or commodity and they source the high demand commodity from a different place in the world for an extremely competitive price whe

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

Combination pro

e the culture and environment make this product or commodity abundant and therefore cheaper to produce and buy.

You can emulate this same mechanism on a micro scale. You don't need to become an

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

mporter/exporter. You can do it locally. I remember an incident 5 years ago, when I met a fellow that was selling bar fridges door to door. I was fascinated and actually invited him to sit on my

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

orch and join me for a soda. We talked and he was doing what I am describing here.

He recognized that large retail giants had buying power and they imported all sorts of goods and sold them at v

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

ry tight margins but made money on bulk. In this case, a discount store close to his home had a selection of 90 litre bar fridges on special for $40 The price was unbelievable. He felt he could e

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

sily add 100% and still sell them quickly.

He recognized that not everybody prefers to shop at high volume discount stores. To a shopper who was used to the prices of the typical high street sto

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

e, an $80 bar fridge was an excellent deal.

This stranger went on to tell me his whole story. He had been at it for over a month and although initially he loaded 1 bar fridge into the trunk of h

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

Following aspects would a

s car, now he was buying 5 at a time and selling them in a few hours. He showed me the product and it was nicely packaged in a large box with packing tape. It was a brand new product. Easily wort

dd to the challenges in developing combination products:

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

$180 in most retail environments.

The exporter had no overheads apart from gas and his time. He was making quite a nice daily income.

Is this ethical? What if somebody recognized the product a

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

d knew it was selling so cheaply at the discount chain store? The professional business man simply shrugged and told me "well I guess they won't be buying a bar fridge from me"

He used the enour

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

ous buying power of the chain store to his advantage. He took this product to places that were remote from the closest outlet of this chain store. In this way, buyers were justifiably paying extr

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

for the convenience of delivery.

Visit this type of deep discount volume chain store and examine their inventory. Then go to a more common shop and identify the differences in prices of specifi

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

Professional from academic institutions, pharmaceutical industries, health care indust

products. Do you see arbitrage opportunities?

Once you identify a product, you can buy 1 or 2 and go out and test them. If they sell well (say out of every 10 people you talk to and show the pr

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

duct 1 buys) If this is the case, you can multiply your profit minus costs to identify how many people you need to talk to and how long it will take to get the money you need.

For example if you

.

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

profit is $40 and it sells on average every 10 people and you need $1500 you could calculate that you need to sell 38 units. If the average time to see ten people excluding "no answer" and "not

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

Companies that provide selfless information through particip

nterested" takes 30 minutes, you could estimate that you can sell 2 per hour.

So you could fairly confidently assume that it will take about 15 hours or 2 working days to make your required $150

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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