CBD Expert and founder of Joy Organics, Todd Smith explains the 10 steps to starting your own CBD business.
1. Determine a Name for the Business
You should not use a name for your business that includes the words CBD or hemp or cannabis as it can create red flags for your bank and other potential problems. Additionally, there are opportunities in the future for expansion into other beneficial plant products. You should pick a name that is easy to remember and spell.
2. Set up Your Business Entity
Todd recommends you set up your business entity on LegalZoom.com. Here you can set up your company as an LLC in less than 15 minutes for a good price. It is a good idea to use your business name for your LLC.
3. Design Your Logo
Todd recommends using the website “99 designs” where you can choose from 1000s of designers. You can send design requests out to the community and they will send in ideas based on your color scheme and name.
4. Open a Bank Account
Go to your bank, tell them you are in the health and nutrition business to get your bank account set up.
5. Apply for Your Merchant Account
You will need both an employee identification number and a bank account to set up your merchant account. Make sure you check that the bank does CBD processing.
6. Select a Good Partner from Whom to Purchase Your CBD Products
Joy Organics provides high-quality products, resulting in a high re-order rate. Make sure you do not reach a 1% chargeback rate.
7. Build a Website – consider using a nicely designed template
Type in website templates into Google. Just plug in your pictures and information.
8. Secure Social Media Handles
Set up social media accounts preferably with the same company name.
9. Find a Fulfillment Company
Find a company to ship your products if you don’t want to ship out from your home.
10. Develop Your Marketing Strategy
Challenge yourself and be creative!
Since the recording of this video, Todd has recorded a new video series on starting your own business that covers a lot more detail than what’s found on this video.
Get started watching this 10 step video series, but starting with video #1 https://www.youtube.com/watch?v=1zd7GQbKknI
to Our YouTube Channel for Industry-Leading Videos & CBD Expertise:
2. EDUCATE YOURSELF AND YOUR CUSTOMERS:
The Ultimate CBD Oil Guide:
3. JOIN A CBD PARTNERSHIP PROGRAMS:
CBD Wholesale: https://joyorganics.com/wholesale-cbd-oil-reseller/
CBD Private Label: https://joyorganics.com/white-label/
CBD Blank Bottle: https://joyorganics.com/white-label/blank-bottle-program/
CBD Affiliate: https://joyorganics.com/affiliate/
Our wholesale program is designed to allow retail businesses, healthcare professionals and independent entrepreneurs to capitalize on the rapidly growing CBD market by offering the Joy Organics line of THC-Free Broad Spectrum CBD Products.
Joy Organics’ Private Label CBD Partnership Program allows you to profit from the rapidly growing CBD Oil industry while building a loyal customer base under your own private label.
About Joy Organics
Joy Organics was created with a clear initiative: to develop Premium THC-Free Broad Spectrum CBD Products through innovation and excellence, with service to match. Joy Organics is the world’s premier line of family-friendly CBD products. We aim to take charge of the CBD industry with radical transparency and the highest quality hemp oil products. We want to not only provide the highest quality CBD products on the market and also to give you all the information we have so you are educated and knowledgeable.
#cbdbusiness #cbd entrepreneur #cbdoil