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Starting a business from your home has never been easier. With the marketing power of eBay, anyone can sell through eBay at retail prices. Many people have gone beyond simply selling the stuff that was collecting dust around their house and have purchas

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

ed goods for resell on eBay. This can be a part-time supplement to your income, or as others have done, a full-time business. Here are some tips to help you get the most out of selling on eBay:

Obtain Inventory

Attic, garage. You probably have hundr

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

Examples of combination products may in

eds, if not thousands, of dollars worth of stuff sitting around your house collecting dust that you could sell.

After you've sold all of your extra stuff, you can take one of two routes. The first is to sell other people's stuff for a commission. Once

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

our friends and family see how successful you've been selling your own items, you're bound to be asked by them to help sell theirs. The other route to take is to purchase goods for resale. You'll need to experiment with which items sell the best and the

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

best places to get your items to sell (garage sales, estate sales, wholesalers/manufacturers, etc.).

Build Your Feedback

As a seller you need creditability. Build your feedback by purchasing a few low cost items on eBay. Then list some low cost items

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

Combination pro

to build your feedback score before listing your more expensive items.

Choosing a Starting Price

How do you determine the starting price for your item? If you don’t expect to get many bids, using a minimum starting price or reserve can be a good idea.

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

Keep in mind that eBay is a very efficient marketplace. Normally your items will sell for what they are worth. Starting your listings at a penny, therefore, is a good strategy as 1) it keeps your listing fees low, 2) it encourages people to bid on your

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

item, and 3) your item will almost always get bid up. The warning about listing at a penny is that you need to be willing to sell it for that if only one person bids.

Auction Duration

Should you have 7 day auctions, 5 day, 3, or 1? How do you decide?

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

The auction really takes place within the last 60 seconds of the auction. That’s when the bidders duke it out to buy your item. Listing an item with as a 5 day auction really means that your notifying people that there will be an auction in 5 days. Su

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

re, people can bid (and they do) on your item as soon as they’re listed, but the real action happens within the last few minutes of the auction. If you item has no bids or a low bid and there’s still more than a few hours left in the auction, don’t worry

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

You’ll be amazed at how fast items get bid up in the last minute or two. To decide on auction duration, think about how much advertising you need to do for your item. If it’s a unique specialty item, a long duration (7 – 10 days) is best. For hot ite

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

Following aspects would a

ms that should get numerous bids, 3 days is usually the best.

Writing Titles

Use words that buyers will use to search for. Double check your spelling. If they can’t find your listing, they won’t bid on it.

Writing Descriptions

Give accurate descript

dd to the challenges in developing combination products:

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

ions. While you're familiar with the item that you're selling, the buyer isn't. Describe your item in detail. The more information a buyer gets, the more comfortable they are bidding on the item.

The description is an advertisement. Sell. Keep your

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

escription positive. Remember that one person’s junk is another treasure. Talk your stuff up. You may not want it anymore, but others will.

Give full disclosure. No one likes surprises. If the item is used, say so. If it is damaged, describe the da

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

mage. It's the right thing to do and it's just good business.

Use pictures. As the saying goes, a picture is worth a thousand words. Pictures sell. Use them.

Screen Your Buyers to Avoid Problems

When you buy on eBay, a best practice is to always che

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

k the seller's feedback. The opposite is true as well. As a seller, check your bidders feedback

The best way to avoid deadbeat buyers is to simply avoid them. Check the bidders feedback record on your auction. If there’s a lot of negative bids, you c

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

Professional from academic institutions, pharmaceutical industries, health care indust

an either wait for them to be outbid or if the auction is closing soon simply reject their bid. The extra amount they are willing to pay isn’t worth the hassle of dealing with them.

Good Service = Good Feedback

You're not only selling "stuff" on eBay,

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

you're also selling your good service. Answer emails promptly, be courteous and professional, ship your items promptly, and package them with care (use sturdy boxes and peanuts or bubble wrap). Remember to keep your buyer happy.

Wait until you get paid

.

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

to ship

The nice part about being a seller is that you are in control of the money. The buyer is the one taking the risk in the transaction. Wait until you receive payment in full for the item before shipping it. If the buyer pays by check or e-check,

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

Companies that provide selfless information through particip

wait until the check clears. A best practice in selling on eBay is to require buyers to pay by PayPal .

Leave Feedback

The best way to get positive feedback is to give positive feedback. If your buyer forgets, send them an email to kindly remind 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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What follows is a conversation - one that happens all too often in business. The status quo, how managers have been trained, what got them to where they are, and business realities all play a part in this conversation. Listen to our fictitious, but all too real manager as he has this ongoing talk with himself.

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