Cases - Business

As you get into running your own home staging business there will be times when you are a

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

sked to stage homes that are vacant because either the owner has already moved or perhaps

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

Examples of combination products may in

you will be staging houses that are model homes.

You'll need to have some furniture and

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

ccessories in order to stage houses that are vacant.

You have a couple of options:

Firs

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

, you could buy what you need to buy to make the home show well and keep those items as p

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

Combination pro

rt of your staging supplies. Keep the costs affordable as much as you can and buy items t

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

at will be the most versatile for your home staging business. Consider it part of the sta

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

t-up costs that will add value to your service down the road. I personally feel that when

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

you list rented items separately on your staging invoice it ends up looking pricey for th

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

client on a piece-by-piece basis. My thought is that listing "accessories and furnishing

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

" with a fee for the whole package is more effective.

Your other option is to use a furn

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

Following aspects would a

ture rental company. In this case I strongly suggest that you have the client deal direct

dd to the challenges in developing combination products:

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

y with the company; let them be the one to sign on the dotted line. Have them rent furnis

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

ings that you have selected. If you are going to handle all the details with the furnitur

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

rental company you need to make sure you get yourself paid for the extra hassle, time, e

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

c. Have the rental company drop off and pick up at the home you are staging.

I will cont

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

Professional from academic institutions, pharmaceutical industries, health care indust

nue writing articles about starting a home staging business; you can e-mail me if you hav

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

a topic you would like me to cover.

Providing furnishings is a great service for your h

.

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

me staging clients since most buyers have trouble picturing an empty home furnished. When

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

Companies that provide selfless information through particip

you stage houses that are vacant, you're showing them how comfortable and homey it can be

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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Does writing a proposal seem confusing? Not sure what format to use or what information to include? This is a simple guide to writing a great proposal that will increase your new business and sales.

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Cases - Starting A Lucrative Home Staging Business--Staging Houses That Are Vacant

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