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Those who know how to make money selling on eBay know that cost cutting is one of the keys to continually increasing profits.

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

Most sellers focus their energy only on the direct costs associated with purchasing products for resale. That is an important

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

Examples of combination products may in

rea of focus. However, there are many other cost cutting opportunities just waiting for attention.

Payroll – before you add p

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

ersonnel examine all other options. Is there a way to eliminate certain tasks? Is there a way to streamline some of the tasks?

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

Is there a way to utilize contractors instead of employees? Conduct a thorough analysis of the tasks - Does the work really ta

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

Combination pro

ke the time currently being used? Can tasks be automated.

Shipping and Handling – Has everything possible been done to stream

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

ine the pulling, packing and shipping process? Have redundant and non-value-added steps been eliminated? Is there a faster, ea

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

sier or more efficient means of reducing the total time required? Is there software that could reduce or even eliminate some o

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

the steps?

Packaging – Are there other vendors with lower costs available to supply shipping supplies and materials? Are you

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

taking advantage of USPS offers for Flat Rate and Priority Mail boxes at no cost?

Cost of Goods Sold – Those who know how to

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

make money selling on eBay always focus on cost of goods sold reductions. They ask if they have done everything possible to dr

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

Following aspects would a

ive cost out of the items that are purchased for resale. How about freight costs? Has everything possible been done to reduce

dd to the challenges in developing combination products:

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

hose costs? (Look for vendors of like products at like prices with shorter shipping distances. Combining products to reduce fr

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

eight costs. Partnering with other companies to combine freight costs.)

Rent – If they are renting space for eBay, those who

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

now how to make money selling on eBay will ask if that space is really needed. Is there a way to reduce or eliminate some of t

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

he space? Could they share space rental with another business?

Listings and other auction expenses – Has everything been done

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

Professional from academic institutions, pharmaceutical industries, health care indust

to ensure that the very best listings are completed each and every time? (Is there evidence from reduced re-listings?) Is ther

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

e a means if reducing total listing and sales fees by combining products and selling bundled or in larger lots?

Take a step b

.

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

ck and examine every aspect of your eBay business on a regular basis. Those who know how to make money selling on eBay know th

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

Companies that provide selfless information through particip

at continually streamlining and reducing costs helps to continually increase profits to the bottom line.

To Your eBay Success

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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