Case Study: The Viagra Business

Case Study: The Viagra Business

Twenty-five years ago, if a patient had erectile dysfunction, they had to live with it.

There were no effective medical treatments on the market to help and patients had to rely on lifestyle changes to turn the problem around. In fact, impotence and erectile dysfunction were long seen as psychological problems rather than physiological ones. This all changed during the 90s, studies were being conducted around the world proving erectile dysfunction to be treatable, creating the perfect storm for Viagra.

Seen as a saviour for men suffering from erectile dysfunction, Viagra is now a part of popular culture and is a household name around the world.

Viagra: A History

In 1989, two Pfizer scientists, Peter Dunn and Albert Wood, created a drug to treat high blood pressure and angina. As Pfizer completed medical trials to test the new drug, doubts were cast over its ability to treat heart disease. Patients were reporting increased erections days after taking the drugs. Incidentally, around the same time, studies were being done into the science behind erections and sexual stimulation, which allowed the Pfizer scientists to understand the side-effects of the drug.

In 1996, Pfizer created the patent for Viagra in the United States, which lead to the FDA approving it for use as a treatment for erectile dysfunction in 1998. It got worldwide media coverage and was hailed as a wonder-drug. Over the next few years Viagra found its place in pop culture, being a hot-topic on talk-shows, the inspiration for an episode of Sex And The City, and even being endorsed by presidential candidate Bob Dole.

Viagra Monopoly Coming To An End

In 2010, Teva Pharmaceuticals was sued by Pfizer over their plans to launch a copycat version of the Viagra drug. Pfizer still held the patent to Viagra until 2020, so they were protecting their sales by stopping any other companies creating a similar drug. However, in 2013, the two companies finally settled in court to allow Teva to sell a generic version of the drug from 2017, whilst paying Pfizer an undisclosed royalty. This has opened the floodgates for more copycat versions with different branding.

Pfizer enjoyed the market share on erectile dysfunction drugs for 20 years, but that came to an end in 2013. Since then Pfizer’s share has dropped dramatically.

Erectile Dysfunction Industry By Numbers

In 2014, the global erectile dysfunction medication market was valued at over £3.2 billion. That number has continually grown for a few reasons: a growing elderly population, increased awareness of erectile dysfunction drugs and economic development.

Competitors

Viagra is still seen as the most effective treatment for erectile dysfunction. Although, like a lot of medications, results vary from user to user. Patients need to speak to their doctor in order to find the most suitable treatment for their condition. Here are a few of the main competitors.

Levitra – Bayer Pharmaceuticals’ answer to Viagra, this drug gets to work faster than Viagra and requires a smaller dose. It has also been noted to have less powerful side-effects, which is a big plus for users. Viagra, and its competitors, have long been known to cause headaches, stuffy nose, upset stomach, altered vision and flushing. Launched in 2003, it is one of Viagra’s main competitors.

Cialis – Cialis is a erectile dysfunction medication from Eli Lilly & Co. It works in a similar way to Viagra and can cause the same side-effects, but Cialis has one big advantage – it can last from 24-36 hours. Unlike Viagra, which typically lasts for around 4-5 hours, Cialis is known as the ‘weekend pill’. All of these drugs work in similar ways, but react with patients differently. It is a matter of testing to see which works best for the patient in question. You can buy cialis tablets from most pharmacies and chemists.

Eroxon – Created by small British company, Futura Medical, this erectile dysfunction treatment comes in the form of a gel. The company has been developing the treatment for over 15 years and finally released it in 2016, after impressive double blind test results. In similar circumstances to Viagra’s invention, Eroxon comes from a drug used to treat Angina, which dilates blood vessels.

Staxyn – Unlike other erectile dysfunction treatments, Staxyn is taken by dissolving a tablet on your tongue instead of swallowing with water. Its results and side-effects are pretty much the same as Viagra and Cialis.

You shouldn’t crush or split the tablet. It can be taken with or without meals, but not with liquids. The tablets contain 10 mg of medication that shouldn’t be taken more than once a day.

 

How to Promote your Business

How to Promote your Business

Most companies have shoestring budgets for marketing and promotion. The entire set up cost, capital expenditure, and operational expenses take out a massive chunk of your promotions fund. Most business owners must do a little business development, marketing, and promotion to advertise their businesses, products, and services. Advertising budgets can run into a lot of money and without financial backing, getting PR media content and advertisements could be out of the question.

At such times, it is necessary to find ways to promote your business and get your name in front of potential customers and clients. Promotions of companies are significant for growth and sustenance over the long term. Ideally, owners and employees should spend an hour a day on business promotional activities to get the word out.

Let us look at some ways that you can promote your business.

Start your Website

If you don’t already have a site, get one made. Most web designers are willing to make customised websites according to your business requirements. These customisations must be according to your font, colour, logo, brand, and content specification. Keep the complete control over the content, images, information, tone, and vibe of the web pages and only allow the designers to make and upload the content. If you are unsure about the content, hire a content writer to write, edit, and work with you to create excellent and high-quality content for your website.

Many startups find it difficult to hire web designers and prefer writing the content on their own. If this is the case, then there are many online resources available like GoDaddy, Wix, and Squarespace that host and provide templates for you to populate. These templates can be customised according to your business requirement and fitted with content, images, videos, and links. It may be worth out sourcing a digital marketing agency to manage this task, say Orb Online, as they specialise in such areas.

Social Media

Next on the agenda is to set up a social media presence. Most people rely on social media and online resources to find information about companies, business, products, and services. Set up Twitter, Facebook, LinkedIn, Pinterest, and Google Plus pages for your business and start populating them with content, images, and relevant and useful public information. If any conversations or groups are catering to your product or service, join them and start a discussion about your products or services.

Business Cards

Business cards might seem a little traditional, but they still work the best. Business card help spread information and contact details about your business and the work you do. If you are part of a startup and wish to promote your business, call your friends, business circle, and family members and meet with them to explain your business. At such times, hand them a business card and a few to pass on to their connections as well. Using thin sheets of plastic, like 1mm acrylic, or a high GSM paper are ideal materials for business cards.

Brand recall and contact recall is highest when there is a business card attached to the business, brand, or logo. This recall is especially useful when asking for recommendations. The business card can quickly be passed on to generate newer inquiries for your business. You will also want to keep the theming of your cards the same as your other advertising mediums. Services like Cut My Sign offer a wide range of adversarial products for your business, no matter the size.

Set up a Blog

Starting a blog under the name of your business will help spread the word about your services and products. Blogs should be useful, well researched and not stuffed with keywords. Most blogs are informative pieces of short articles that help readers with relevant information. Blogs are quick ways to increase brand name through organic search results. Blogs also assist in positioning your webpage and business as an authority site or figure. Authority sites get a lot of returning visitors and inquiries for products and services.

These blogs, mostly, help in brand positioning, backlinking to your website, and setting up your business in a global market. Go ahead and boost all these blogs, images, and other posts through your social media pages, and on your website to gather maximum traffic.

Advertisements and Videos

Medium-sized companies can afford to make ads for TV and online media, but smaller sized companies might find it difficult to do so. In such cases, it is best to create short animated explainer videos regarding your products, services, and any other activities your business takes part in. If your product or service relies on demonstration to the public, you make short demo videos and post them for free on YouTube with links and embedded videos on your website and social media pages.  Any charitable work, volunteer work from the company, conferences that the company is a part of should be publicized through ads and video campaigns across social media and local business sites.

 

The Importance of IT Support

The Importance of IT Support

Businesses, small and large, face enormous challenges with staffing, support, knowledge, training, and technology. Most companies need to increase quality and quantity of sales through their products and services. Improving sales is usually done on shoestring budgets that can hamper growth in the long term. While companies invest heavily in training of their staff, implementing sales and marketing strategies, and increasing customer support, they tend to ignore technical support or IT support.

Neglecting IT support can be harmful since most modern businesses rely heavily on networks and computer systems to help with their daily operations, and client and customer interaction. Many large companies have dedicated IT departments to help with all IT related issues in-house. Smaller companies do not have this luxury due to smaller budgets and employee availability. This drawback can be taken care of through dedicated outsourced IT support and communications providers.

Let us look at how your business can benefit from IT support.

Data Security:

Data security is the most critical aspect of any business. Protecting and securing confidential customer and client data, service data, and product data are incredibly important. Cybercriminals target small and large companies and make them vulnerable. Weak data security and storage strategies could become severe threats to your business.

IT support ensures that business and banking software is updated, security patches are implemented, and network drivers are secure. Data storage and protection is also taken care of by IT support. Many IT support companies also implement extensive security strategies to protect and secure all business-related data on secure servers at affordable price points.

Systems Maintenance:

Large and small companies employ professionals to install their IT infrastructure but fail to hire experts to maintain the IT systems. It is not enough to only install IT systems but to also update them regularly. While most businesses provide essential knowledge to employees on updating firmware and software, it is best to have an IT expert maintain, upgrade, and manage all IT systems regularly to ensure safety and security of employees and data. Outsourced IT support also provides secure data management systems and regular maintenance of hardware and software.

Lower Cost:

Having outsourced IT support can help save costs in the long term and increase revenue and profit margins. IT systems need regular upkeep, and this can be a hefty cost if managed by a single person on the payroll with the company. Outsourcing IT support can help regulate and decrease these costs since most IT support companies offer fantastic packages that include all the support and security needed according to the size and requirement of your business. Ensuring that the IT systems and servers are maintained at lower costs is the need of the day.

Regular Monitoring:

Monitoring of business performance is hugely essential, especially for companies that rely heavily on online customer and client servicing. At such times, failure in the business network even for an hour would result in a substantial financial loss. IT support helps in eradicating such risky situations by regularly monitoring the system, servers, data, and security certificates. IT support also helps in protecting private banking transactions and data for easy client servicing and customer support. With the help of IT support, it is possible to recover from network setbacks within a few minutes, instead of losing hours of billable work time.

Solutions to Technical Issues:

Most companies tend to use multiple applications to conduct daily business. Many of these applications develop technical glitches and sometimes can also catch viruses through constant internet connectivity.  Effective IT support and systems experts can help solve these issues with little difficulty. Most IT support companies have exhaustive antivirus software and malware protection to keep your business safe and secure from internal and external threats.

Immediate IT support helps in saving time, energy, and cost that would otherwise be spent in finding a solution to technical issues that might not be commonly known. Employing experts to tackle these IT glitches and software concerns is an excellent way to solve the technical problems – whether it be a wireless keyboard that refuses to stay connected, or a system that can’t seem to detect a hard drive, technicians can save your business a lot of time, hassle and wasted resources.

No matter how small or large, all businesses require efficient, pocket-friendly, and reliable IT support. Network solutions, antivirus software, data security, personal and business data protection and security is managed with the help of IT support experts. Proper maintenance and regular upkeep of all hardware and software are essential in improving the bottom line of the company. Ensuring the IT systems in your business are running at optimum levels will help in improving profit margins and sustainability of your business over the long term.

How Is The Color Of Your Brand Affecting Your Business?

How Is The Color Of Your Brand Affecting Your Business?

We all know that every color has a certain meaning behind them, and colors can also affect your mood. By choosing the right color for your brand, you can see determent how your brand is perceived. When choosing the color, you have created a psychological connection between you and your clients. The main goal is to create a right emotional response. Here is a list of color which can help you choose the right one for your brand.

Red

RedRed is connected with the emotion of love, passion, desire, romance, strength, willpower, action, radiance, and determination. Red can focus attention quickly and make people make decisions quickly. In China, this color is used for good luck and happiness. Many brands use this color because of these reasons, like Coca-Cola, Netflix, Lego, Nintendo, and many more.

Blue

Blue-brandBlue is color that gives you feeling of safety and trustworthiness. It is also associated with loyalty, honesty, and responsibility. This color also promotes mental and physical relaxation, it reduces stress and gives you feeling of calmness. Brands like Facebook, Samsung and Ford, use blue as there trade mark.

Yellow

This color is uplifting, fun, optimistic and brings up the feeling of happiness. Yellow is known for inspiring original thoughts and ideas. It is for the people who think practical and provoke new ideas. This is the color for you if you want to awaken enthusiasm, optimism, and confidence. It can also help us to make decisions, to study, focus and to remember information. Mc Donald’s, Lipton tea, Subway and others use this color.

Green

GreenWhen you think of green, you probably remember brands like Starbucks, John Deer, and Whole Foods. It is a color of nature, but also color of money. It represents things like health, eco-friendly, growth and nature. This is the color that Animal Planet uses to connect its relationship with nature. It is color of balance and harmony.

 

Orange

A brand like Fanta, Payless and Harley Davidson use color orange. It is linked to confidence and friendliness.  This color is optimistic and uplifting. Orange brings up a positive outlook on life and helps us to have a positive attitude.

Types Of Digital Marketing

Types Of Digital Marketing

There are different types of digital marketing, and here we would try to explain what is their use, how can I benefit from them, and how can we help you to implement them in your business plan.

Content Marketing

First of all, you probably are thinking why you need content marketing. Content can help your customers to satisfy their need for answers. Here, we are experts in helping your business and teach you how to make them from prospect to buyers. This type of marketing can help you to connect to you customers on a level that other digital marketing can’t. A good content marketing strategy is essential to the success of your business. The team at Review Slot swear by digital marketing as it’s boosted their web traffic ten fold. We would be happy to work with you and come up with the best approach.

Social Media Marketing

Social-Media-MarketingSocial Media is proven to be an important part of your business plan. The leading champions of social media are brand that listens to their audience and deliver right informations. We will help you to understand your customers. We will craft high-quality content which will attract customers to you. Many companies offer services like us, but only we have experience and result in us.  We cover all the major social networks like Facebook, Instagram, Twitter, Pinterest, You Tube and more. We customize social media approach for every client.

 

Influencer Marketing

This type of marketing is about brand engaging. Influencers can be even your customers, employees, celebrities, and people on media, book authors, and many others. By working with this kind of people you can take you brand to another level, and expand your audience, you can even create new content in collaboration with them and expand your contention by networking. This type of marketing can help your digital strategy and be an effective way to build credibility. We can work with you and help you to find the best approach to influencer marketing for your business.

Digital advertising

Digital-advertisingTo gain visibility and results you need this type of marketing. Online advertising can help you to reach beyond your current network and step into the new audience by search, display, and social advertising. This kind of advertising will help you to find an audience you didn’t know you have. This will expand your reach and engage customers you always wanted. This will deliver specific messages to a specific audience for more personal approach, which will bring you more sales. An agency such as auto pilot SEO can help you to create a strategy, and find the best approach for digital marketing for your business.

Paper marketing

We are also qualified for more traditional marketing strategies like this one. Today, we live in the digital world, but this does not mean that paper marketing lost all of his power. There are several advantages to his side, like touch, which causes stronger psychological response than digital can. This kind of marketing also engages memory, and your customers are more likely to remember your brand if they saw it on the paper than in the digital form. Paper also has higher review time.

Business Of Papermaking

Business Of Papermaking

Paper making involves methods, materials, and equipment which is used to make paper or cardboard, on what we later write, print use for packing and many more. Today it is used only paper which is manufactured using the industrial machinery. Before technology, all paper was made by hand, separately sheet after sheet, which took a lot of time. Today, thanks to the technology this process is a lot faster and efficient. But even now, there are few craftsmen’s who still use traditional methods of making paper, like one used in China and Asia where paper originally came from.

3 reasons why is paper better than digital form

Reading books

Reading-booksStudies have shown that if you are reading a book in paper forms, it is easier to remember what you read, than in e-books. The e-book is simpler to have with you because we carry our phones and tablet devices always with us, but many people still prefer a paper book. They love the smell of the book and the feeling they give them.

Reading the magazine

Today you don’t even need to buy the paper because many publishers have an online edition of papers. But readings magazines isn’t skilled that is lost. Many of us like to relax after a long working day by reading news and what is going on in the world. This is the feeling of serenity which online versions cannot give us. While reading online magazines, it is easy to be distracted by advertisements, and others sites and makes it hard to focus just on your article. Also, printed media is more engaging to readers, unlike digital ones.

Skill of taking notes

Studies have shown that writing notes on the paper are more useful for the retaining of the information, then taping them on computer or laptop. This is because when we write, we are focused on synthesizing the lecture, but when we type our focus is on transcribing every word that we hear. When we write we make a decision what is important to keep, and what is not,  and that results in retention of material.

Corporate Groups

Corporate Groups

A corporate group is a collection of corporations that have a single economic entity with a common source of control. Forming of this group involves consolidation by merges and may be owned by holding company.

What are advantages of using Benefits Consulting Group?

Consulting-groupIn today’s competitive job market, it is essential to offer employees benefit packet. But for many of u, this type of work takes a lot of time. This is why you can use benefits consulting group which is going to put together best benefit packet while saving your money and time. Benefit consulting group can help you in some ways by selection of benefits at the beginning of the process and then provide year-round service.

What is Benefits Consulting Group?

This is a group of experts who are best in their field, and who went through a year of education in the field of law. A consultant can help a client in selecting, buying and administering benefits. This group should have a range of technology tools to help their clients in the best way. Consultants here work on commission, so there are not initial costs. The consultant will recommend benefits that are best for a client, and when that is chosen, it can offer some extra benefit in the package. These kinds of companies often have a relationship with their clients that last for years. Benefits consulting group will assist companies in putting together benefits plan that is going to reduce their cost, meet their plans and increase satisfaction among employees. By working with this kind of businesses companies will save time and money.

How to select right package for you?

This is the most challenging part of many business owners, because it is hard to decide which benefits plan to offer, and then which one to choose from a wide range of option. There is health insurance, disability insurance, paid time off, even student loans and retirement plans. A benefit consulting group can evaluate budget of the business, and give them the advice which benefit is best for them. This will help business to attract and retain their employees.

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