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Start Your Own Business
- Table Of Contents
- Affiliate Program
- Wholesale Program
Create Your Own CBD Business
Starting and creating your own CBD business has never been easier.WeI have placed a lot of useful information in one area for you so you can get on track and start your business today.
The CBD industry is growing worldwide and it will continue to grow. If you have a sound business plan and you are networked into the right areas there is no reason why you can’t get involved now. Never before has an industry grown on the back of small S.M.Es with larger companies having to work with or buy out others to get a share. There is a massive opportunity here for those who are willing to work at it.
CBD In Ireland And Abroad
Ireland and the EU have noticed that the American market in this space is worth an estimated 20 odd Billion by 2023. There is a constant flow of CBD coming into the EU and a constant flow of money going out to the USA and other places such as Canada and China. Our neighbors England has a larger market that continues to grow and they are also the biggest exporters of Cannabis in the EU. They are running ahead with the Novel Food Act in the rearview mirror. If you know what you are looking at you can look to England to see what is trending and what will a year or so in advance. Look further afield to the USA and you can see what will trend in the next five years. Look to both areas to see what could happen with the laws and regulations going forward.
The EU has tried to and continues to try to take over the CBD space and there is no doubt that they will succeed in many areas with the introduction of various laws and legislations. However there will always be a space for a business like mine and maybe yours to thrive if you keep an eye on what is going on, follow the laws, and have a sound business plan.
Risk-Free CBD Options
The best thing about what I am offering you is there is no risk at all to you starting of. Start your own business, get out what you put in, and do this risk-free. You get to test the waters and see if you have what it takes by using the Affiliate Program. This is where you refer my brand to others and if they purchase items you get 25% of the sales. This would give you an idea of how you could target your market at no risk to you at all. I will discuss this a bit further shortly.
Are You Happy With Your CBD Supply?
Let’s say you work hard and do well and you want to make more, you could then move onto buying your stock at wholesale and selling these items to make a minimum of 38% to 58%.You would not have to worry about labels or ordering stock as I would have done all this for you but here you can physically hold onto your stock and sell it how you please making more income.
Let’s Create A CBD Company
You are working hard yet you don’t like the restrictions and you have your ideas. Well, I have you covered with all of this too so keep reading. You get your stock where you gain 100% of the profit. You can avoid all the unnecessary stress that comes with starting up a business. I can help you keep up to date with the latest in all things CBD and Cannabis too. I can and will help you create and sell your brand and below is just some of what I will help you do,
- Registration and setting up of your Own Business
- Find a good Accountant
- Guide you through the Label Laws and Label registration
- Show you how to prepare with yourself with the banks to get an account
- Place you with our In House Branding Service
- Help you with our In House Website Designer
- Provide you with SEO and SEM hints and tips
- Access to quality-assured legal brands from various sources
- Payment System Options For CBD
- Much much more.
Wholesale CBD Program
Click on the link below to find out more about this program
Private / White CBD Program
Click on the link below to find out more about this program
Need To Know CBD Guide And Tips
I have witnessed the power of CBD and I would love to help as many people as I can see the power of it too. I have learned from the numerous mistakes that cost me time and money. If you do not complete these steps correctly it will cost you time and money. I am here to give you a few tips so you don’t have to make the same mistakes I did. These are very broad and more detail is needed but if you can understand what is being said below the chances are you will succeed.
1-Who Will You Sell CBD To?
I have seen it time and time again with CBD suppliers hoping to sell to everyone and serving no one. They will spend more time on prices and giveaways then getting down to who they are trying to sell CBD too and help. When you look past the fancy site (they didn’t do) you can see that it is all about the cash flow. Don’t get me wrong, no one goes into business not to make money but If you have not got an audience you have not got a market to sell your product and long term you are at a very high risk of failure. What problem will your CBD brand solve? There is plenty of room out there at the moment.
2-Name Your CBD Brand
This seems easy to do however the CBD space is full of regulations and laws and the name of your brand can have a massive impact on all areas. For example –
- Implying any sort of health benefits is a no. My company is officially called “Heal And Feel CBD” however I trade as Prime Spectrum CBD. “Heal” is implying I am giving health benefits which is a no.
- Using CBD anywhere restricts your advertising capabilities greatly on all platforms.
- Using CBD in your name makes it more difficult to get a bank account.
- A name should be easy to spell and pronounce. Preferable a 2-word name.
- Can you buy the rights to that name so you can .ie or .com it?
These are just some of the considerations you need to make when you name your brand. There is plenty more.
3- Design Your CBD Logo And Brand
As with all the other steps, this step takes time and should not be rushed. Your audience, message and how you are going to help people will influence this. Unless you have a background in this area I highly suggest you do not take short cuts in this. Your logo and brand colors to the fonts you will use are very important. If you don’t have a clear vision of who you are selling to how can you express this in a logo or brand. These two items can make or break your success, so do it right the first time.
4- Open a Bank Account. Get A CBD Payment System
By now you should have a few things in motion and they are being worked upon by the right people. A friendly reminder that we can help you with all of this and the above is just a broad overview. There is a lot more detail to be thrashed out if you are not going to have to re-do steps later.
The banks can be hard to work with when you are trying to set up a business account with them. When you are dealing with them, remember they will not be processing your CBD payments for you so there is no point in talking to them about this. This has to be processed with a different company and you should note that Stripe, for example, will not work with you. These above items can take a few weeks to get completed. Your business account needs to be set up before you look for a merchant processor. Getting them wrong will cost you.
5-Where Will, You Purchase Your CBD Supplies?
This is where Prime Spectrum comes in. You want to make sure you’re offering a line of high-quality CBD products. This not only makes sure you get a high reorder but it secures your company. If you do not get this right your will have some serious problems such as,
- You will not be able to register with the FSAI which is a legal obligation if you want to sell CBD on the Irish market.
- Your products will vary from batch to batch and this will result in customer loss and brand quality.
- You will have more disputes with customers and this leads to returns. If this happens too much you will lose your merchant processing. Get banned from one and you are banned from them all.
- If you cant get a reliable source of CBD that is deemed to be legal by customs and the FSAI you are looking at long delays from order to order and loss in sales.
These are just some of the reasons why a reliable CBD product is necessary. I have not mentioned the shipping methods and customs agent issues.
6- Build a CBD Hemp Website
There are plenty of options out there and if you do not have a back round in this please do not try to build your own. In the long run, it will cost you from SEO to SEM to sales. There are significant things that ceratin websites need to offer to succeed. These are all done on the back end of the site and if you have a poor web designer and manager for your site, it will cost you greatly. Being optimized for mobile use is massive as is understanding how to make sure your site ranks on Google.
7-Secure Social Media
These need to be available and secure as they are vital to your organic growth. Organic growth is massive to the CBD space as paying for advertisements is extremely difficult. Planing how these will be structured and used is very important. Make it a priority to secure these social platforms. Some work better than others and are used for different reasons.
8- Build a CBD Marketing Strategy
As looked at above slightly know your market. If you do not get this right you will end up like the rest of the many suppliers out there. Trying to sell to everyone but selling to no one or very inconsistently. This needs to be planed out well as does the above. It will take time to get to build up your brand however if done correctly the rewards will follow.
9- Don’t Just Sell CBD
Design and brand that allows you to sell different products and services. For example at Prime Spectrum CBD we do not consider ourselves CBD Company. We offer guides, hints and tips to Sleep Anxiety and Stress. CBD is just a small part of this.
This allows you to sell or offer other services that are related to CBD or your service giving you diversity.
If the foundations are not correct you could have the best product in the world however if you can’t sell it legally or no one hears about you, it will fail. Do it right the first time. You also need to look at your packaging and labeling requirements. Other things to consider are how you will ship the products to your customers and the cost of stationary to storage.
Connect with Prime Spectrum CBD Ireland
If you want to start your own business but don’t know where to start, or you have further questions then get in touch. We will work with you every step of the way to help get you on the road to success. Contact us by clicking HERE. You can check out our Ultimate CBD Guide HERE and our Frequently Asked Questions section is HERE.
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In Ireland and the EU, with a license, you can grow Sativa Hemp as long as the THC content stays below 0.2%. However, this does not translate into CBD Hemp products as these are not allowed to have any trace of THC in them whatsoever. CBD is classified as a food supplement and is under the supervision of the FSAI / HSE in Ireland. If your products are registered and comply with FSAI laws and contain ZERO traces of THC they are deemed legal.
No. CBD as of this date 2020 means you will find it hard to use the same payment systems as other businesses. For example, Stripe will not work with your CBD business, and with other systems, the rates and interest are higher.