Have you used CBD oil to help you sleep better, for pain, or even as skincare and now want to look into selling it yourself? Then you've come to the right place.
CBD oil is becoming more and more popular as people learn about the awesome health benefits it can have for them. It is a completely legal way to help treat many different pains or problems a person might have.
You may even just see all the potential that CBD has to offer and want to help more people with its awesome effects.
Keep reading for our advice on how you can sell CBD oil and make it your full-time job.
Selling CBD Online vs. in a Store
One of the first things you should think about when you've decided that you want to start selling CBD is if you will do it online or in a store. There are many different pros and cons for each option. Both selling online and in a store can be very successful depending on how you go about it.
Setting up an online store will already save you money because you won't need to pay for renting a space and setting up an actual store. You will also be able to access more people with an online store because you aren't limited to a single area.
Lots of customers actually prefer to purchase CBD from the comfort of their own homes and don't want to go to an actual store. Also if you feel like CBD oil will not sell good in your area, then selling it online will be a better option for you in the long run. With an online store, you can reach people nationwide as long as you're able to ship it to them.
A Retail Shop
On the other hand, a retail shop offers many of its own benefits. You're able to speak to your customers one and one and begin a business relationship with them. If they trust you and your product, then chances are they will want to buy from you again.
New CBD users may also have many questions that you could answer more efficiently in a store. Your customers will also be able to see the products before they buy them. You also may be one of the first CBD stores in your area and can offer a new and exciting service to your community.
Basic CBD Questions
Before getting started, there are a few basic questions about CBD that you or a potential customer may ask. Make sure to completely familiarize yourself with CBD concerns as well as all of its benefits.
Is CBD Illegal and Will It Show up on a Drug Test?
No and no. CBD is legal to sell in the United States and contains less than 0.3% THC. A drug test is looking for traces of THC so since it has such a small amount it should not show up on a drug test. But there are also THC free products that you can offer to your customers.
Does CBD Get You High?
No. When you think about marijuana, the THC is what gets a person high. Since there is so little found in CBD you will not get high from using the products.
Are There Severe Side Effects?
When it comes to CBD the side effects are minimal. Some people reported that they felt drowsy or had stomach issues after taking a large dose.
Create a Business Plan
Now that you're ready to sell CBD oil you need a business plan. This is where you will figure out the costs of starting your own business and how much you will need. You can create a budget and figure out where you will be getting your products along with how much it will cost you.
In your business plan, you should determine who you're trying to sell to. CBD covers a wide range when it comes to health and wellness so you will have a lot of options.
Lastly, try to set goals and figure out when you will start making money. Setting a goal is a great thing to do when you first start any business. You will also need to know how much you're going to be selling your product for so you can see when you'll start to make money.
Choose a Name for Your Business
Deciding on a name for your business may be the easiest or hardest step of the process. You want a good name that will attract more customers. A name can either make or break you getting a sale.
You should come up with a name that relates to the CBD business so people won't be confused if they find you on the internet or see a sign for you on the street. It's also important that your name flows well in a conversation too!
As we mentioned before, CBD is completely legal to sell and consume so you won't need a special license to sell it. But you will need to make sure that you get a standard business reseller's license if you're planning to sell CBD online.
If you're going to open a retail store, then check with your state to see which specific licenses you will need to start. Depending on the state you may need to obtain a retail license.
Partner with a CBD Distributor
Before starting you will need to figure out where you're going to get your products from. Partnering with a CBD distributor is the best way to get your CBD products wholesale. There are many CBD distributors and you can check it out here.
Make sure you're partnering with a legit company so you don't get scammed in the future. You want the products you sell to be authentic and safe for your customers. Read reviews and try to get references from other people who sell CBD so you know your products will be the best quality.
You Can Sell CBD Oil
Anyone can sell CBD oil, so what are you waiting for? There is a brand new market for CBD oil with plenty of potential clients ready and waiting for you.
Leave us a comment below and let us know your thoughts on opening your own CBD oil store.