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Why You Should Start A Supplement Company

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19 February 2016 No comments

Thinking about starting your own business? It's exciting but can also be slightly daunting. First finding the product or service you want to sell. Then raising capital, doing marketing, finding customers, sorting all the legal side of things. It all adds up and can appear complex and thats before you've even started.

There is a simple answer......... start a supplement company.

Here's why:-

1). It's cheap to start

Supplement businesses are really cheap to start. Especially when you compare them to other business ideas that have as much potential to grow.

The supplements business is worth a reported $25 Billion Dollars and is growing year on year. You can start manufacturing products for as little as the cost of a TDP and raw ingredients.

2). It's scalable

It's estimated that the health supplement industry is growing approximately 10% a year. This increase of revenue is where people are finding their market share.

Like any business you will need to find customers to sell your products to. But once you know who you want to sell to, it's easy to do business with them.

At some point you will out grow a TDP and you will move up to the RTP rotary tablet press range .

3). You don't have to have much customer interaction.

You may be thinking "surely I have to sell to individuals". It's easier to, but you don't have to. You can sell to shops, online retailers or even gyms.

Selling on online market places is going to be the quickest way to get cash coming in. If this isn't for you though then focus to finding sales in your local community.

4). You can run it from your home.

Depending on local legislation, you can usually run small supplement companies from your home. Eliminating the need to spend money on premises.

With a little research and/or guidance you can be manufacturing in a mater of weeks.

5). You don't have to reinvent the wheel.

Alot of people think that they have to come up with complicated formulas, but this isn't the case. Many businesses just focus on single ingredient products that are popular when starting out. Don't feel that you have to make something completely original to make a profit.

6). There are lots of suppliers of raw ingredients

You can find raw ingreidents from good suppliers online really easily. With a bit of research you will find a supplier that suits your needs.

Make sure that their goods are of a good quality and reputable. Many suppliers will be proud of their certification and won't be afraid of showing you it.

7). Creating a website and a brand is cheap now.

Using sites like 99 Designs and Fiverr you can get professional branding in less than an hour. If you want a website then Wordpress will be a quick and easy way to get something up. Wordpress is free and has loads plugins that will all help on the way to getting your businesses off of the ground.

8). You don't even have to send all the products yourself.

Using services like "Fulfiled By Amazon" you don't even have to store the goods yourself. You send everything to Amazon and they send everything out for you. You just sit back and enjoy the profits.

If you want any information on starting a supplement business then get in contact.