• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • About Us
  • Budget
  • Business
  • Lifestyle
  • Health
  • Home & Garden
  • News
  • Online Magazine
  • Success
  • Contact Us

Piccolo Universe

Piccolo Universe

  • If the impenetrable green grass that your lawn used to be has turned into a tangled mess in the last few months–it might be dethatching time. Dethatching grass is a process designed to remove dead matter from the roots of your lawn. If you’re dethatching the right way, your lawn will emerge anew with a… [Continue Reading]

    Read More

    How to Dethatch a Lawn
  • In order to become a better version of ourselves, sometimes we need to take a look into unexpected places. People may, for example, try practicing a new sport, or take a course on creative writing. As surprising as this may sound, playing poker can also be a source of change. This is because poker is… [Continue Reading]

    Read More

    4 Useful Habits You Can Learn From Playing Poker
  • Recent research shows that 1 out of 600 homeowners in America is installing solar panels every quarter. This population is well-positioned to leverage the numerous benefits of solar energy, including cost-saving. If you’re like these homeowners, saving money is a top priority. And there’s no better way to save money than by embracing green energy.… [Continue Reading]

    Read More

    Saving Money by Embracing Green Energy: A Guide to Installing Solar Panels
  • It is essential to do it right to sustain a home’s beauty when it comes to home gardening. Not only will it enhance the aesthetic value of a home, but it will also greatly benefit the homeowner, especially if healthy and non-GMO plants, flowers, and herbs are grown. With every bit of space on the… [Continue Reading]

    Read More

    The Ultimate Guide To Home Gardening
  • Did you know that kitchen counters are some of the dirtiest parts of a person’s home? Aside from the kitchen, you can’t forget about your mattress. It can be hard getting a good night’s sleep knowing you’re sharing the bed with all types of germs and bugs. Fortunately, there are proven ways to keep a mattress… [Continue Reading]

    Read More

    The Latest Mattress Cleaning Tips That You Should Start Using Today

August 5, 2020

6 Tips for Breaking Into the CBD Industry

After the passage of the 2018 Farm Bill, which rescheduled hemp products that do not contain significant amounts of THC and created a regulatory framework for their sale, the CBD market has exploded in popularity. If you’re not familiar, CBD (short for cannabidiol) is one of the cannabinoids found in the cannabis plant, though it doesn’t produce the intoxicating high that has become the signature of THC. Users have long reported beneficial side effects, but it’s only recently that science has begun to catch up. The FDA even recently approved its first CBD-based prescription medication, Epidiolex, to treat certain rare seizure disorders. If you were thinking about getting into the business, there’s no better time, so let’s discuss six basic tips for breaking into the CBD industry.

1. Learn about CBD.

img

If you haven’t used CBD products before or done research into how it’s grown, what its effects are, and how it can be beneficial for potential customers, you’re not ready to take the next steps with your business. CBD is a complex substance and there is still a lot of research ongoing into its specific effects. If you’re not prepared to put in the effort to educate yourself, this industry may not be the best fit for you.

2. Understand local laws and regulations.

img

Though the Farm Bill opened the door for a legal market for CBD products, there are still regulations and laws that you need to be aware of if you’re entering the business. Removing CBD from being subject to the Controlled Substances Act transferred enforcement from the DEA to the FDA, and regulations are still being worked on. Until more studies are completed, industry experts recommend staying away from marketing products based on medical benefits.

3. Focus on providing a high-quality product.

img

In all likelihood, you won’t be creating your product yourself, so you’ll need to look into CBD manufacturing if you intend to sell products like oils, supplements, and balms, which are popular with consumers. Research the differences between CBD isolate and full-spectrum CBD, and make sure the manufacturer you select uses the process you prefer. Quality assurance, diligent testing, and timely manufacture are some of the essential elements of a good CBD manufacturing company.

4. Don’t neglect the business side of your operation.

img

While it’s easy to get caught up in the big picture, success is the product of a lot of hard, granular work. Investing in technology like Work Board to track your objectives and key results, facilitate communication between employees, and training to improve the efficacy of your company can produce major dividends for new businesses. Managing these routines and processes is an essential part of running your business smoothly.

5. Advertise creatively.

img

Despite CBD’s legal status, many websites and social media platforms don’t host advertisements for CBD products. Building your own e-commerce store is necessary, and ideally, you’ll want to be able to get your products into brick & mortar stores as well. Focusing on strategies like SEO that organically place your products in front of customers is often the most productive way to market a CBD business.

6. Create repeat customers with excellent service.

img

Due to the challenges related to advertising, making sure that your customers come back again is crucial. Look into customer rewards programs or other promotions that incentivize a second purchase. Offer a discount for future use after someone’s first purchase, or create a rewards card that allows patrons to trade points for discounts or free products. It’s important to stay on top of communications with customers and to ensure your products ship on time and show up as expected. If you run into a hiccup or delay, it’s often worth it to take a slight financial loss to make sure a customer has a positive experience.

The CBD market seems like it’s here to stay, and industry leaders like BDS Analytics predict the market could reach $20 billion in sales annually before 2024. It’s no wonder so many entrepreneurs are ready to invest, but that doesn’t mean there aren’t significant obstacles to getting into the CBD business. The shifting legal landscape and restrictions on advertisements can make developing reaching a broader audience difficult, but making use of search engine optimization, customer loyalty programs, and getting your products stocked in brick & mortar stores can mitigate those difficulties. If you’re prepared to face the challenges ahead, there has never been a better time to break into the CBD industry, which is poised to be a profitable one for years to come.

To read more on topics like this, check out the Health category

Filed Under: Health

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

About Us

Hey guys it’s Adam! I am a writer, a blogger, and a curious human being full of ideas. I remember as a teenager going to my local store to grab a freshly published magazine about the ins and outs of the online business world. Read More…

Facebook

The Piccolo Universe

Lets Connect

  • Facebook
  • Google+
  • Instagram
  • Twitter

Newsletter

load-image475.jpg

How to Dethatch a Lawn

4 Useful Habits You Can Learn From Playing Poker

Footer

About Us

Hey guys it’s Adam! I am a writer, a blogger, and a curious human being full of ideas. I remember as a teenager going to my local store to grab a freshly published magazine about the ins and outs of the online business world. Read More…

Popular Post

load-image475.jpg

How to Dethatch a Lawn

Newsletter

Copyright© 2022 · Dear Theme Piccolo Universe