SlideShare a Scribd company logo
1 of 32
Download to read offline
hempoilbusiness.com
A GUIDE
hempoilbusiness.com
hempoilbusiness.com
hempoilbusiness.com
hempoilbusiness.com
hempoilbusiness.com
hempoilbusiness.com
Your Own Private Label
hempoilbusiness.com
hempoilbusiness.com
You can't distribute any
products in general without
legally registering your business
with the IRS.
Registering your new CBD
business can easily be done
online.
hempoilbusiness.com
Of course, before doing so, you'll
need to specify the type of
business you're registering.
• Sole Proprietor
• An LLC
• A Corporation
hempoilbusiness.com
The IRS has a complete checklist of
the information, identification, etc.,
that you'll need in terms of paperwork.
After registering your new CBD
business, you'll want to apply for an
Employer Identification Number
(EIN), even if you're registering as a
sole proprietor.
hempoilbusiness.com
This will help you to organize your
business taxes when the time comes,
plus it'll save you the energy when and if
you decide to hire employees.
It's also important to keep in mind that because
CBD is derived from the Cannabis plant, it falls
under both state and federal regulations.
hempoilbusiness.com
This means that certain licensing and
permits may be required for the
distribution of CBD products in your
state.
A quick look into the U.S. Small
Business Association (SBA)
database will tell you everything you
need to know.
hempoilbusiness.com
You'll also have to consider
things like taking the extra steps
to trademark your business
name, which will provide more
legal protection.
hempoilbusiness.com
hempoilbusiness.com
The quality of CBD products
you intend to sell is arguably the
most crucial fundamental of all.
That's why you need to do your due
diligence and get into business with
a reputable supplier that can
guarantee a quality product and only
follow best business practices in
accordance with the industry.
hempoilbusiness.com
Look Into Their CBD Oil Sourcing
 One thing you want to make sure of is that
your CBD supplier owns and operates or
sources from the United States. Why?—
because you want to make sure you can trace
each batch back to the source if something
goes wrong. You can't do this with most
sources outside of the states. Not to mention,
farming regulations across seas are much
different.
Tip 1A
hempoilbusiness.com
Look Into Their CBD Oil Sourcing
 Choose suppliers who use sustainable
organic and non-GMO farming practices,
starting with the soil and seeds and down the
line to their harvesting and processing
methods.
Tip 1B
hempoilbusiness.com
What's Their CBD Oil Extraction
Method?
 There are several different methods used to
extract the CBD from the plant—and not all of
them are good for your health.
 The highest standard and cleanest extraction
method is the CO2 extraction method because
it yields the purest form of CBD without any
nasty chemicals.
Tip 2
hempoilbusiness.com
Make Sure They Offer a Certificate of
Analysis (COA)
 The COA is what is meant when people say to
look for third-party lab testing.
 This certificate is proof of the quality of the
product.
 It confirms the levels of the compounds in the
final product as well as the purity and the
potency.
 Most consumers know not to purchase a CBD
product unless it has the COA insignia on the
packaging.
Tip 3
hempoilbusiness.com
Ask For a Current Good Manufacturing
Practice (CGMP)
 A CGMP doesn't have to be specified on the
product's packaging like the COA, but you
should request this documentation from any
supplier that you're considering.
 It's proof that they are following both state
and FDA regulations.
Tip 4
hempoilbusiness.com
Avoid Certain Claims
 Despite all of the research supporting CBD's
medical benefits, it still cannot be marketed as
anything other than a health supplement in
accordance with the FDA.
 Avoid any supplier that makes bold claims
about their product, because it's actually
required that this disclaimer be very present
wherever CBD products are sold—whether that
be online or in stores.
Tip 5
hempoilbusiness.com
Be Wary of the Pricing
 You get what you pay for, especially when it
comes to CBD.
 Incredibly low prices equate to an incredibly
poor product.
 If you're looking into suppliers who meet all of
the above standards, their pricing will be
similar as well.
Tip 6
hempoilbusiness.com
hempoilbusiness.com
The CBD market may be fresh but it can
seem overwhelmingly competitive.
 Remember, a clean and high-quality
product will make all the difference.
 If you go with the cheaper,
environment-harming, chemical-laden
products, you're only destroying your
reputation in this market.
 Of course, having a superior product
doesn't automatically guarantee
superiority.
 You have to lay the groundwork first.
hempoilbusiness.com
How you market your product is
equally as important as the
product itself.
hempoilbusiness.com
To set yourself up for success, here's what
you need to do:
 Find your target audience and figure out
how to reach them
 Create an attractive website and social
media pages to spread brand
awareness—this includes starting an
email list.
 Create engaging and authoritative
content—this includes customer
testimonials and reviews of your products
 Make sure to offer great customer service
hempoilbusiness.com
It may take some time to create
brand awareness, but as long as
you have a quality product and
effective content across your
social media platforms, your new
CBD business will be around for a
long time.
hempoilbusiness.com
hempoilbusiness.com
Selling private label CBD products doesn't
have to be intimidating.
If you're ready to get into the CBD selling
business but need some help marketing your
CBD business online, reach out to our team
here and let us know what you're looking to
get help with.
We've got a whole team full of marketing
knowledge, ready to back you up.
hempoilbusiness.com
hempoilbusiness.com
100%
Free
hempoilbusiness.com/industry-report/

More Related Content

Recently uploaded

Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Peter Ward
 
PSCC - Capability Statement Presentation
PSCC - Capability Statement PresentationPSCC - Capability Statement Presentation
PSCC - Capability Statement PresentationAnamaria Contreras
 
8447779800, Low rate Call girls in Tughlakabad Delhi NCR
8447779800, Low rate Call girls in Tughlakabad Delhi NCR8447779800, Low rate Call girls in Tughlakabad Delhi NCR
8447779800, Low rate Call girls in Tughlakabad Delhi NCRashishs7044
 
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort ServiceCall US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Servicecallgirls2057
 
APRIL2024_UKRAINE_xml_0000000000000 .pdf
APRIL2024_UKRAINE_xml_0000000000000 .pdfAPRIL2024_UKRAINE_xml_0000000000000 .pdf
APRIL2024_UKRAINE_xml_0000000000000 .pdfRbc Rbcua
 
Buy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy Verified Accounts
 
Guide Complete Set of Residential Architectural Drawings PDF
Guide Complete Set of Residential Architectural Drawings PDFGuide Complete Set of Residential Architectural Drawings PDF
Guide Complete Set of Residential Architectural Drawings PDFChandresh Chudasama
 
Darshan Hiranandani [News About Next CEO].pdf
Darshan Hiranandani [News About Next CEO].pdfDarshan Hiranandani [News About Next CEO].pdf
Darshan Hiranandani [News About Next CEO].pdfShashank Mehta
 
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu MenzaYouth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menzaictsugar
 
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdfNewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdfKhaled Al Awadi
 
Memorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMMemorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMVoces Mineras
 
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckPitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckHajeJanKamps
 
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCRashishs7044
 
Church Building Grants To Assist With New Construction, Additions, And Restor...
Church Building Grants To Assist With New Construction, Additions, And Restor...Church Building Grants To Assist With New Construction, Additions, And Restor...
Church Building Grants To Assist With New Construction, Additions, And Restor...Americas Got Grants
 
Cyber Security Training in Office Environment
Cyber Security Training in Office EnvironmentCyber Security Training in Office Environment
Cyber Security Training in Office Environmentelijahj01012
 
Marketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent ChirchirMarketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent Chirchirictsugar
 
Market Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMarket Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMintel Group
 
MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?Olivia Kresic
 
Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Seta Wicaksana
 

Recently uploaded (20)

Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...
 
PSCC - Capability Statement Presentation
PSCC - Capability Statement PresentationPSCC - Capability Statement Presentation
PSCC - Capability Statement Presentation
 
8447779800, Low rate Call girls in Tughlakabad Delhi NCR
8447779800, Low rate Call girls in Tughlakabad Delhi NCR8447779800, Low rate Call girls in Tughlakabad Delhi NCR
8447779800, Low rate Call girls in Tughlakabad Delhi NCR
 
Japan IT Week 2024 Brochure by 47Billion (English)
Japan IT Week 2024 Brochure by 47Billion (English)Japan IT Week 2024 Brochure by 47Billion (English)
Japan IT Week 2024 Brochure by 47Billion (English)
 
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort ServiceCall US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
 
APRIL2024_UKRAINE_xml_0000000000000 .pdf
APRIL2024_UKRAINE_xml_0000000000000 .pdfAPRIL2024_UKRAINE_xml_0000000000000 .pdf
APRIL2024_UKRAINE_xml_0000000000000 .pdf
 
Buy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail Accounts
 
Guide Complete Set of Residential Architectural Drawings PDF
Guide Complete Set of Residential Architectural Drawings PDFGuide Complete Set of Residential Architectural Drawings PDF
Guide Complete Set of Residential Architectural Drawings PDF
 
Darshan Hiranandani [News About Next CEO].pdf
Darshan Hiranandani [News About Next CEO].pdfDarshan Hiranandani [News About Next CEO].pdf
Darshan Hiranandani [News About Next CEO].pdf
 
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu MenzaYouth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
 
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdfNewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
 
Memorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMMemorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQM
 
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckPitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
 
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
 
Church Building Grants To Assist With New Construction, Additions, And Restor...
Church Building Grants To Assist With New Construction, Additions, And Restor...Church Building Grants To Assist With New Construction, Additions, And Restor...
Church Building Grants To Assist With New Construction, Additions, And Restor...
 
Cyber Security Training in Office Environment
Cyber Security Training in Office EnvironmentCyber Security Training in Office Environment
Cyber Security Training in Office Environment
 
Marketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent ChirchirMarketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent Chirchir
 
Market Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMarket Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 Edition
 
MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?
 
Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...
 

Featured

Product Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsProduct Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsPixeldarts
 
How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthHow Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthThinkNow
 
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfAI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfmarketingartwork
 
PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024Neil Kimberley
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)contently
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024Albert Qian
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsKurio // The Social Media Age(ncy)
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Search Engine Journal
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summarySpeakerHub
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next Tessa Mero
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentLily Ray
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best PracticesVit Horky
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project managementMindGenius
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...RachelPearson36
 
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...Applitools
 
12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at Work12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at WorkGetSmarter
 

Featured (20)

Product Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsProduct Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage Engineerings
 
How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthHow Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental Health
 
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfAI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
 
Skeleton Culture Code
Skeleton Culture CodeSkeleton Culture Code
Skeleton Culture Code
 
PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search Intent
 
How to have difficult conversations
How to have difficult conversations How to have difficult conversations
How to have difficult conversations
 
Introduction to Data Science
Introduction to Data ScienceIntroduction to Data Science
Introduction to Data Science
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best Practices
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project management
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
 
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
 
12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at Work12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at Work
 

[Guide] How To Market Private Label CBD Products Online

  • 9. hempoilbusiness.com You can't distribute any products in general without legally registering your business with the IRS. Registering your new CBD business can easily be done online.
  • 10. hempoilbusiness.com Of course, before doing so, you'll need to specify the type of business you're registering. • Sole Proprietor • An LLC • A Corporation
  • 11. hempoilbusiness.com The IRS has a complete checklist of the information, identification, etc., that you'll need in terms of paperwork. After registering your new CBD business, you'll want to apply for an Employer Identification Number (EIN), even if you're registering as a sole proprietor.
  • 12. hempoilbusiness.com This will help you to organize your business taxes when the time comes, plus it'll save you the energy when and if you decide to hire employees. It's also important to keep in mind that because CBD is derived from the Cannabis plant, it falls under both state and federal regulations.
  • 13. hempoilbusiness.com This means that certain licensing and permits may be required for the distribution of CBD products in your state. A quick look into the U.S. Small Business Association (SBA) database will tell you everything you need to know.
  • 14. hempoilbusiness.com You'll also have to consider things like taking the extra steps to trademark your business name, which will provide more legal protection.
  • 16. hempoilbusiness.com The quality of CBD products you intend to sell is arguably the most crucial fundamental of all. That's why you need to do your due diligence and get into business with a reputable supplier that can guarantee a quality product and only follow best business practices in accordance with the industry.
  • 17. hempoilbusiness.com Look Into Their CBD Oil Sourcing  One thing you want to make sure of is that your CBD supplier owns and operates or sources from the United States. Why?— because you want to make sure you can trace each batch back to the source if something goes wrong. You can't do this with most sources outside of the states. Not to mention, farming regulations across seas are much different. Tip 1A
  • 18. hempoilbusiness.com Look Into Their CBD Oil Sourcing  Choose suppliers who use sustainable organic and non-GMO farming practices, starting with the soil and seeds and down the line to their harvesting and processing methods. Tip 1B
  • 19. hempoilbusiness.com What's Their CBD Oil Extraction Method?  There are several different methods used to extract the CBD from the plant—and not all of them are good for your health.  The highest standard and cleanest extraction method is the CO2 extraction method because it yields the purest form of CBD without any nasty chemicals. Tip 2
  • 20. hempoilbusiness.com Make Sure They Offer a Certificate of Analysis (COA)  The COA is what is meant when people say to look for third-party lab testing.  This certificate is proof of the quality of the product.  It confirms the levels of the compounds in the final product as well as the purity and the potency.  Most consumers know not to purchase a CBD product unless it has the COA insignia on the packaging. Tip 3
  • 21. hempoilbusiness.com Ask For a Current Good Manufacturing Practice (CGMP)  A CGMP doesn't have to be specified on the product's packaging like the COA, but you should request this documentation from any supplier that you're considering.  It's proof that they are following both state and FDA regulations. Tip 4
  • 22. hempoilbusiness.com Avoid Certain Claims  Despite all of the research supporting CBD's medical benefits, it still cannot be marketed as anything other than a health supplement in accordance with the FDA.  Avoid any supplier that makes bold claims about their product, because it's actually required that this disclaimer be very present wherever CBD products are sold—whether that be online or in stores. Tip 5
  • 23. hempoilbusiness.com Be Wary of the Pricing  You get what you pay for, especially when it comes to CBD.  Incredibly low prices equate to an incredibly poor product.  If you're looking into suppliers who meet all of the above standards, their pricing will be similar as well. Tip 6
  • 25. hempoilbusiness.com The CBD market may be fresh but it can seem overwhelmingly competitive.  Remember, a clean and high-quality product will make all the difference.  If you go with the cheaper, environment-harming, chemical-laden products, you're only destroying your reputation in this market.  Of course, having a superior product doesn't automatically guarantee superiority.  You have to lay the groundwork first.
  • 26. hempoilbusiness.com How you market your product is equally as important as the product itself.
  • 27. hempoilbusiness.com To set yourself up for success, here's what you need to do:  Find your target audience and figure out how to reach them  Create an attractive website and social media pages to spread brand awareness—this includes starting an email list.  Create engaging and authoritative content—this includes customer testimonials and reviews of your products  Make sure to offer great customer service
  • 28. hempoilbusiness.com It may take some time to create brand awareness, but as long as you have a quality product and effective content across your social media platforms, your new CBD business will be around for a long time.
  • 30. hempoilbusiness.com Selling private label CBD products doesn't have to be intimidating. If you're ready to get into the CBD selling business but need some help marketing your CBD business online, reach out to our team here and let us know what you're looking to get help with. We've got a whole team full of marketing knowledge, ready to back you up.