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It's not always easy. You have to be creative with how you pare your craft show costs down. That's what I'm going to help you with

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

. I think there are 4 main ways you can do this, without sacrificing the quality of your craft, nor affecting the overall sales.

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

Examples of combination products may in

.) Buy in bulk – You do it for your groceries in order to save a few pennies, so why not on your craft supplies? If you are buying

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

pipe cleaners (for example) and you only need 10, it might cost you $2 – because you are paying for nice packaging and the conveni

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

nce of only purchasing 10. But, if you bought 100, in a dull cardboard box – you might pay $4. The individual cost for the first 1

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

Combination pro

is $.20 each; the individual cost for the 100 is a measly $.04. All of a sudden you have dropped your cost by $.16 cents on each

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

raft. That's smart business.

2.) Less frequent trips – We live in an instant gratification world. If we need something right now,

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

we go and get it. It's no different when you need a couple of things for a few crafts that are unfinished. We often take for gran

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

ed that there is fuel in the vehicle and that we can travel across the city to the specialty craft store that carries our supplies

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

What we don't realize is that each time we pull the vehicle out of the garage, it costs us money. If you are going to go out for

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

ust a couple of supplies, why not take stock of all of your craft supplies and see if you are near empty on a few other ones? By d

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

Following aspects would a

ing it all at once, you are going to save a great deal of time and money – reflected in your craft show business bottom line.

3.)

dd to the challenges in developing combination products:

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

Reduce and reuse – Reduce the amount of waste you create with your craft show items and you are most certainly going to cut down o

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

the costs of producing them. Similarly, try to reuse some of the tools or supplies that have previously gone unused. Be creative

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

– find ways to make a little go a lot further – without sacrificing quality for your crafts.

4.) Plan – If you take the first thr

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

e steps and put them together, what do you have? That's right – it is a craft show plan! By planning how, when and how much, you a

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

Professional from academic institutions, pharmaceutical industries, health care indust

e going to give yourself a chance to make good decisions and reduce the cost of producing your crafts. Those without a plan are go

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

ng buy less, spend more, travel more, and likely in the end waste more. That is not a way to run a successful business.

Each penn

.

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

you can save when you are making your crafts is a penny that is back in your pocket. If you can reduce your costs by $1 for each

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

Companies that provide selfless information through particip

raft, and you sell 100 crafts, that is $100 extra dollars in your jeans. All of a sudden, reducing costs seems well worth the work

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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