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E-Folder - What My Two Year Old Taught Me About Marketing Online and Offline
What can you learn about marketing from a two year old?
Quite a lot actually.
Two year olds are humans and will show you exactly how
they will react to a sit 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 uation without any false ideals
or actions to mask their true feelings. My own two year old responds to emotions, so I figured that so would my customers in ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in y business. When I need
her to do something, my daughter will stubbornly refuse,
but I can often remind her of the fun she had last time
we done it, and sh lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. will happily go along.
If you can setup a similar emotional response in your
customer, they will be more likely to purchase your
products. Try to remind here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe hem of something you know
will bring out a positive response in most people, a
time when they were young and enjoying a ball game
or when they first succeede d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro in riding a two wheel
bicycle. Relate this to your products effect on their
life. My toddler doesn't like having her hair washed, to convince her to have i 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 done we use a bribe we know
she will want to have. A sweet, or a story book
usually does the trick.
Our potential customers like to think they're way
beyo 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 d the antics of a two year old, but how many
will resist this old marketing ploy of a free gift?
There is a potential flaw here, my daughter has learnt
to tr nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically to checkout the goods being offered first
before she agrees to the bribe, and your customer
will need some kind of assurance that the gift is
worth whatever 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 effort you ask in return, whether it
is to entice them to your site or get them to sign
up to your email list.
Make your bribe more than worth the required t ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi sk
for your customer. Stories draw in my little girl like nothing else (except maybe television but I digress) and her attention can be held for quite a lon ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a g time
by an involving tale.
But our customers won't be interested in stories
right?
Wrong, by painting a picture in words of how your
product came about, dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod or why your ebook was written
you will involve your potential buyer more in your
copy. Making the story descriptive, and emotive will
gain your customers tru cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin t, and empathy.
If they can relate the story to their own problem
(perceived or real) then they will be more prone
to buy. My daughter also likes to feel sp tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen cial, using
her name will draw a smile and a response every
time. She can never ignore us when we call her
name out whatever she is doing. Her attention
i 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 gained even when she hears her name on the TV
and she will look around.
Yep you guessed it, using your customers name
will gain their attention too. In an e ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust mail subject
they will pick out their own name readily among
all the other subjects. Using the name within the
email also develops a feeling of one on one c y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products at
and intimacy which will gain their trust. It's
a little more difficult on a webpage, but can be
done still, using a script to request the name
and then p . 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 rsonalise the page for the potential
buyer. As you can see my two year olds actions and reactions mirror the results we will see in all of human life, and elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip an be used in our marketing efforts to increase our
sales.
Try using some of these ideas in your marketing, and
thank my toddler if you see your sales rising 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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