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Multiple Streams of Income, or Multiple Streams of Debt?

Since the Internet arrived, it seems that man

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

y people now look at building Multiple Streams of Income. Instead of joining just one program, they joi

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

Examples of combination products may in

many and promote many programs.

There are a lot of programs available that help you build downlines i

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

multiple programs.

So, is Multiple Streams of Income the way to go?

With 95% of people likely to fai

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

in any program, the question that arises mostly, is this...

If they cannot make a profit in ONE progr

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

Combination pro

m, what are the chances of them making a profit in five or more programs?

Hmmm...makes you think doesn

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 it?

Some people would argue that if they had a prospect who didn't like one particular program, they

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

could then show them another.

" Ok Peter, so you are not interested in Liquid Vitamins. What about Tel

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

communication? "

The instant you start talking about other programs, you lose something called respect

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

bility.

It also means that if a prospect you have tells you they are not interested in Liquid Vitamins

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

they are not saying no to the Vitamins, they are saying "NO" to YOU!

If you join for example five pro

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

Following aspects would a

rams. If each program has a monthly cost of just $50, then you are paying out $250 per month. This does

dd to the challenges in developing combination products:

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

not include any resources or tools you may need to find new prospects.

I know some people who do well

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

ith Multiple Streams, however, I know thousands who lose lots of money doing this.

To begin your busin

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

ss, you need to have a budget and know exactly how much you can spend each month before you get into pr

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

fit.

For some, it may only take one month to get into profit, for others, it can take months.

The ide

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

Professional from academic institutions, pharmaceutical industries, health care indust

of Multiple Streams is very enticing, however, I know from personal experience how tough it really is.

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

I actually made some good money from multiple programs, however, each program was not stable and after

.

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

a while, most of the people left.

Do yourself a favour. Put all your eggs in one basket and watch it g

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

Companies that provide selfless information through particip

ow. Concentrate on one business you love and you will increase your chances of success by at least 200%

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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When a lender gives money or property to a borrower, and the borrower agrees to return the property or repay the borrowed money along with interest at a predetermined date in the future, this is called a loan.

Insurance provides a way you can protect yourself against unpredictable risks, and therefore it can be very beneficial to you. Accidents, injuries, and old age can deprive you of physical health. Also natural disasters, robberies, or a whole host of different things can cause you to lose your possessions.

Mediation is losing its effectiveness because mediation panels are not diverse and do not reflect the gender and race of their employees. Corporations are realizing the lack of diversity and are making demands that panels be diverse panels on Alternative Dispute Resolution providers and law firms.

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