Starting a CBD E-Commerce Store

• Posted on 19 May 2019
• 0

Need a cheap business idea with the potential for enormous profits? Starting a CBD e-commerce store is a perfect idea. Hemp-based CBD Oil is now legal to buy over-the-counter all across the country, and as more people find out about the benefits of CBD, the more popular it gets. In fact, recent market research suggests the CBD market will reach $22 billion by 2022.

Need a cheap business idea with the potential for enormous profits? Starting a CBD e-commerce store is a perfect idea. Hemp-based CBD Oil is now legal to buy over-the-counter all across the country, and as more people find out about the benefits of CBD, the more popular it gets. In fact, recent market research suggests the CBD market will reach $22 billion by 2022.

A CBD e-commerce store doesn’t require a lot of investment- especially when you use wholesale CBD instead of having to pay for production costs. All you’ll need is a website, a wholesaler, and some e-commerce software. Here’s a handy guide on starting a CBD e-commerce store.

Starting a CBD E-Commerce Store

Starting a CBD E-Commerce store is beneficial for many reasons. You won’t have to deal with the costs of a retail location, it’s easy to market to the many CBD users already out there, and the CBD industry is set to boom within the upcoming years. All you’ll need is a solid e-commerce website and some CBD.

However, before you start, there are a few things you’ll need to be aware of. First of all, you’ll need to register your business before you start selling. You’ll need to check your local state laws to find out how to go about registering your business.

What’s more, while you don’t need a special license to sell hemp products, you will need a resale license or EIN. This allows you to buy wholesale products for resale- very useful for anyone looking to get into the CBD industry.

Once you’re all set up legally, it doesn’t take a lot to set up a successful online CBD storefront. As long as you can fund a user-friendly website and invest some money into wholesale CBD products, you can start making profits fast.

How to Set Up a CBD E-Commerce Website

Of course, you’ll need a solid business website if you want to start selling CBD online. While there are free website builders online, you should avoid these. Your website needs to look professional, load fast, and be mobile-friendly in order to keep customers coming back.

As such, it’s worth paying some money to a professional web development service to ensure you get your site on the go. That way, you can have a clean and efficient website that instantly draws customers in. You may also want to invest a little in content and graphics- it’s a small cost that can go a long way.

Once your site looks good and works well, it’s time to set up your online storefront. There are many ways about this, but most online businesses implement e-commerce software into their website to start selling to customers. Popular options include Shopify, Bigcommerce, and WooCommerce.

Professional e-commerce systems will usually cost you if you want the best features. However, they don’t just allow you to take payments, they also collect analytics, make it easy for you to add or edit products, keep stock, and many other useful features which will make your whole operation run more efficiently.

How to Buy Wholesale CBD

With your site up and running, the next step is to find out where to buy wholesale CBD. There are many CBD suppliers, but it’s important to pick the right one. You’ll need a supplier that offers a variety of hemp-based CBD products, is reliable and trustworthy, and can prove that their products are tested and legit.

Some CBD suppliers cut corners and offer products which contain higher levels of THC or aren’t made from hemp. This can be disastrous for CBD resellers as these products aren’t legal to sell to anyone without a medical cannabis card, and in some states are entirely illegal.

For safe and legal products, you can find a range of wholesale CBD products at GeorgeTownHemp.com. All of these products are made from hemp and lab-tested so you can ensure you get high-quality, legitimate CBD products every time.

While CBD Oils are usually the most popular product for users, stocking up on other products such as CBD Edibles, Topicals, and Vapeables is a good idea. This allows you to sell more products to a wider range of users, resulting in more profits.

How to Market Your CBD E-Commerce Store

If you follow these steps, it’s fairly quick and easy to get an online CBD store running. However, even when everything is set up and you’re ready to make sales, you’ll still need to make people aware of your business.

Luckily, there are already tons of CBD users out there already looking for high-quality products. You can position yourself ahead of the competition by offering a wider range of products, better prices or simply giving them exemplary customer service.

It helps to make use of digital marketing methods. Creating SEO-friendly content targeted at potential users is often a fantastic strategy. You should also get social media accounts up-and-running and start making regular posts to attract a wider audience. Many online companies pay for marketing services to help them reach their audience and start making sales. This is often a worthwhile investment to get your business off the ground.

Benefits of Starting a CBD E-Commerce Store

There are many good reasons to start an online CBD store. With medical cannabis still hard to get ahold of in many states, many people now turn to CBD as a safe and legal way to get the benefits of cannabinoids. Research shows many people now use CBD for a variety of reasons, and the market is set to grow even further as more people become aware of it.

It also helps that starting an e-commerce store is a fairly low-risk and high-reward business plan. The amount of money you need to put into it is minimal, as you won’t need to spend a lot of money on physical locations, manufacturing costs or even staffing. Many of the important jobs can be outsourced, and most of the work can be done even as a solopreneur.

You will have to be ready to keep stocked up on the best CBD products, listen to customer feedback, give people what they want, and continue to market your store. However, if you’re willing to put in the time and effort, a CBD store can result in a lot of profit and a valuable brand.