Thesaurus - Travel and Leisure

Have you noticed that there are not many store front travel agencies these days? I guess it may have had a lot to do with the fact that many people are using their computer to book their own

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

flights online. Also, after the disaster in New York on September 11th, people were scared to travel and a few years ago, a couple airlines lay off their workers and caused a slow period 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

the travel industry.

However, I think the main reason is the comfort of booking a flight from your own personal computer that fascinates the consumer to a do-it-yourself attitude. In lieu

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

of this fact, it is apparent that an online travel agency is a good idea for a business opportunity to assist these consumers with trip planning and other customer service issues that they m

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

ay still need.

There are two types of home travel businesses:

· Referral travel agencies

· Booking and selling agencies

A Referral travel agent is the easier of the two because all it re

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

Combination pro

quires is a word of mouth advertising to guide the customer to the online portal where they can book their flight. It is also a relationship business because the referrals in most cases come

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

from family, friends and associates first.

The referring travel agent is compensated with a paid commission, which is decided in advance by the agency to which the referral will go. It is

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

asy to be an online travel agent because it only requires handing out business cards, flyers and maybe placing online ads. There is no immediate contact with the customer unless it is someon

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

e who needs additional questions answered. This can be done on a part time basis until the full time income is replaced, then anyone make the transition to a full time business.

The booki

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

ng and selling agencies fall into a category of only one travel agency. Since we have already confirmed that these agencies are not so popular anymore, we will only concentrate on the referr

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

ing travel agent.

A referring travel agent does not need to know too much in-depth information about the specific travel details. All they do is to direct people to the website where they b

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

Following aspects would a

ook their own flights and get help directly from the airline. In the case of the booking and selling agencies, they have to do the hard work of finding out all the information for the custom

dd to the challenges in developing combination products:

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

er, which can be quite time consuming.

If you are considering the opportunity that is open to being a referral travel agent, be sure to find out if the company is stable, if they provide ad

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

equate customer service, what the compensation is, can you work full time or part time, do you need any special training, and is it something I can recommend to others with confidence.

One

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

f the perks of being a referring travel agent is that you can work from home, you work on your own time, you get free trips called FAM trips, you get to travel first class, you get discounte

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

d air fares and priority baggage claim.

Once you have decided to pursue a travel business opportunity, make sure you treat this as a real business. Get a business name, if possible and a ta

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

Professional from academic institutions, pharmaceutical industries, health care indust

x identification number. Keep good records of income and expenses because this business is tax deductible. Your vacation trips can be tax write offs if you use it also to refer travel to oth

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

ers.

I would also suggest that you choose a travel category and learn as much as you can about it and specialize in that category. An example is cruises or honeymoon packages. With cruises,

.

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 target the baby boomers who love to take cruises and for the honeymoon packages, you target anyone you know who is thinking or planning to get married.

Let your enthusiasm about th

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

Companies that provide selfless information through particip

is travel business be infectious to everyone you meet. Make sure you take some vacations that you can talk about or suggest to your clients. Educate yourself and take this business seriously

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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