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E-Folder - Want To Sell An Expensive Item on eBay? Learn How
As an introduction I should say that Selling expensive items
on eBay is really not too different from selling regular low cost items. Essentially, no m
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
atter what you are selling, it all comes down to how you market the item. This doesn’t mean you have to
surf around the Internet placing ads here and t
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
ere when it comes to eBay auctions, the marketing is all done at the eBay website, that’s one of the beauties of Ebay.Basically, when you set up your auc
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ion, you are setting up an automated marketing campaign with a move of a finger.
First, you must determine what the value of your item is. This can be
First, you must determine what the value of your item is. This can be
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
done in three different ways and will help you determine what your reserve price is. On eBay, the
reserve price is the lowest price that you are willi
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
g
to accept for your item. First, have your high priced
item evaluated to determine what the actual market
value is. Next, research similar items f
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
om past
auctions at eBay to see what price those items sold
for before. Finally, determine what the value of the item is to
you. With this informati
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
on, you should be able to
determine the lowest amount you are willing to sell
the item for and won’t risk losing money.
Set your reserve price, and
Set your reserve price, and
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
hen set your opening bid
price lower than $50 – no matter how high your
reserve price is. This is a special marketing tactic. It will be
hard to at
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
ract potential buyers to an auction for an
item selling for hundreds or thousands of dollars –
but getting them to an auction where the opening
bid
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
is only $50 is quite simple. Remember, you don’t
have to sell the item to anyone who bids less than
your reserve price unless you choose to do so at
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
the close of the auction. That’s completely up to you.
This method of price setting resembles marketing gimmicks used by offline businesses that are s
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
mply designed to ‘get customers
in the door.’ So once they are “in” you can sell to them.
Work hard on the description for your listing, this is very
Work hard on the description for your listing, this is very
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
mportant.Use words that really describe your item well. Provide as many details as possible, including details that prove
the authenticity of collectib
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
le items. Include pictures
of the item as well. Do not try to deceive potential
buyers! If the item has marks or scratches, simply
be honest about
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
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
t, and make sure that the pictures
convey this as well. State clearly how the item will be
packed and shipped. Also let potential buyers know
that s
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
ipping insurance must be purchased as well
in case the item is damaged once it leaves your
possession.
For higher priced items, most eBay buyers feel
For higher priced items, most eBay buyers feel
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
more
comfortable using an escrow service. Offer this as
an option in your auction, it will help you sell your item faster, with the understanding th
.
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
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
t the buyer must pay for the service. This protects both parties from fraud, and it makes many buyers more open to spending the money to obtain the item.
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
Which is good news for you. eBay has partnered with an escrow service that is commonly used by many users for the buying and selling of high priced items
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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