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Learn from my mistake! To aMake money on eBay is all about the value of the items that you sell. eBay buyers expect a bargain. There are a h

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

uge number of buyers waiting when you have products that are of high value, yet you are willing to sell at a reasonable price. That said, wh

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

Examples of combination products may in

at was my mistake?

My daughter and I started selling on eBay as a means of selling excess inventory from our retail store. Like so many oth

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

ers, we soon found that there was a better opportunity on eBay than our established retail business provided to us. We could amake money on

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

eBay much more quickly and easily.

eBay was a marketplace filled with ready, willing and able buyers! We saw that quickly and couldn’t wait

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

Combination pro

to get started. We selected our market niche. We selected our products to sell. Then we started selling and selling and selling. It seemed

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

that we had found an almost limitless market and pot of gold that came with it. Soon we were selling hundreds of items each month. Purchasin

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

g, listing, pulling, packing and shipping products had become a fulltime job for both of us. We had found the way to amake money on eBay. Ye

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

t, even with those great sales, we were not making a very big profit.

As we examined everything we quickly found that while our sales looke

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

d impressive, and we had already become Powersellers, we weren’t making the profits that we desired. Soon the culprit became clear. Yes, we

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

ere able to amake money on eBay. Our profit margins would have impressed almost everyone. Yet, we had selected products that simply sold for

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

Following aspects would a

too little.

Here was our problem! We had found a great set of low-priced products. Let me give you an example: Would you rather sell a pen

dd to the challenges in developing combination products:

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

cil for $1.00 with a final profit of 30? each, or would you rather sell a fire engine for $10,000 with a final profit of $4,500 each? More r

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

ealistically, would you rather sell $1.00 pencils with a final profit of 30? each, or $15.00 pencils with a final profit of $4.00 each?

Tho

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

ugh we weren’t in the 30? category, we were simply working too hard for too little profit. We weren’t selling $1.00 pencils. They were more

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

like $2.50 or $3.00 pencils. At 30? profit per item, you need to sell a lot of pencils to make a living! Preparing and shipping a $1.00 penc

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

Professional from academic institutions, pharmaceutical industries, health care indust

il takes every bit as much time and effort as preparing and shipping a $15.00 pencil.

We have since evolved our business out of the $1.00 o

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

r $2.50 pencil category and into prices that provide a more reasonable profit for the time and effort involved.

Learn from our mistake. Inc

.

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

lude sales price in the formula that you use to select your products. If you aren’t selling for at least $10.00 (Or even more.), rethink you

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

Companies that provide selfless information through particip

r product. You can amake money on eBay, but it requires that you carefully examine every aspect of what you are doing.

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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