Just Answers - Home Based Business

I've been involved with home business in one form or another for a few years now. Two years ago I left my job to "go it alone" in making a full-time living on the internet. Like a lot of pe

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

ople, I've tried various programs and courses, not all of which worked for me.

My foothold in becoming financially independent lay in combining my professional skills as a software writer

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

Examples of combination products may in

nd my hobby of astronomy. Everyone goes on about finding niche markets so I ended up writing a piece of software called LunarPhase Pro that provides all the information about the Moo

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

n that amateur astronomers would ever need, all done in real-time.

So my niche market was amateur astronomy. But, to my surprise, people from other niches started snapping up my software -

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

astrologers, stockbrokers, Wiccan, fishermen, military people, hunters. And they came from all over the world. I even managed to line up some retail outlets to carry the software.

I guess

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

Combination pro

what I'm trying to say is that if you're starting out in your own home business, develop something that appeals to you, something you have direct knowledge of and enthusiasm for. It gives y

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

u a running start compared with having to learn the ropes in some system or program you haven't got a clue about.

Investors will tell you to diversify your portfolio and internet marketers

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

talk about multiple streams of income. All sound advice because if one of your investments or internet income streams crashes, you won't go down with the ship.

With that in mind, I starte

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

looking around for income streams besides my software. Everything has a shelf life or a sell by date and, while my software is still selling very well, that may not always be the case.

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

started monetizing my websites using Google Adsense (if you'd like to find out how, check out my "Monetize Your Website With Google Adsense" article on my website) and some other mon

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

y-generating programs for websites and make $500-$600 per month this way. The websites are pretty much on auto-pilot, so it's effectively free money!

I also became interested in the Home B

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

Following aspects would a

usiness market and researched a number of programs that would potentially boost my monthly income. Some were good but didn't work for me (not all programs will work for everyone). Some were

dd to the challenges in developing combination products:

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

just downright lousy.

The rest I signed up with (not too many so that monitoring or working with them became unmanageable) and all provide some level of monthly income (from quite small to

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

reasonably large). I'm not super-rich but I am financially independent. More than that, I'm time-rich. I don't waste two hours a day commuting to/from the office. I set my own hours. I don

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

t have to deal with Corporate politics and BS. I'm not stressed out any more. And I have more time with my family and friends.

The programs I've become involved with are listed at my websi

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

te. They may work for you. They may not. Each of us has different wants and needs and different skills. You are the one to decide what suits your personal circumstances.

To make things eas

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

Professional from academic institutions, pharmaceutical industries, health care indust

er for myself so I'd have all the tools and resources I use just a click or two away, I created the Home Biz Toolbar add-on for Internet Explorer. You're welcome to use it but you'll

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

need to come to my website to download it!

There are a huge number of home business opportunities out there, so always research any program that takes your interest. Make sure it's right

.

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

or you and that it's being run by a solid company. But if you do pick a program, stick with it. Don't be a grashopper, jumping from program to program, wondering why they're not paying divi

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

Companies that provide selfless information through particip

dends. It takes time and commitment to build an online business. Don't put all your eggs in one basket - join two or three programs and protect yourself from the collapse of any one of them

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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