The CBD industry is one of the fastest-growing industries in the world and with good reason. Scientific studies and reams of anecdotal evidence continue to show that CBD products like CBD oils, tinctures, creams, and edibles can have an array of amazing health benefits for the mind and body, and with such brilliant benefits on offer, more and more people are taking an active interest in CBD.
As well as more people making use of CBD products, we’re also starting to see increasing numbers of entrepreneurs looking to get in on the ground floor of this ever-evolving and expanding industry. There are plenty of exciting CBD start-ups being launched each and every year, and one of the best things about the CBD industry is that it offers a lot of different opportunities.
This industry isn’t purely and solely focused on the manufacture of medical-grade CBD oils and tinctures. There are plenty of other ways to get involved in the CBD world, including everything from writing blogs and reviews to coming up with fun new CBD-infused food and drink recipes too. Here are some CBD start-up ideas to serve as inspiration for your next business.
Distribution
One of the most obvious ideas for a CBD start-up is becoming a CBD distributor or wholesaler. You can form deals with manufacturers to obtain top quality CBD oils and products and then sell them on at a mark-up of around 20-40%, on average. The key here is making sure you find a reliable, trustworthy supplier when getting started and work on your networking skills to establish relationships with stores and businesses.
Innovation
One of the most exciting aspects of the CBD industry is how innovative it has proven to be. In the early years, all we saw were simple CBD oils and tinctures, but nowadays, CBD has expanded far further than anyone could have imagined. We’re seeing more and more cannabis-based options out there, from CBD cosmetic creams and lotions to CBD foods, fashion, accessories, and more. If you’re an innovator, you could create the next big trend for CBD enthusiasts everywhere.
CBD Podcasts
Podcasts are all the rage right now, and it’s pretty much possible to find people talking online about almost any subject under the sun, including CBD. People love listening to these kinds of podcasts to keep up with the latest news, reviews, and developments in the CBD sphere, and if you’re a good orator with humor, wit, and intelligence, setting up a podcast is pretty affordable and can be a lot of fun.
Blogs and Reviews
Following on from the previous point about podcasts, you can also set up your own CBD blog or website, reviewing CBD products, hiring other writers to share their views, and becoming a go-to haven of trusted information for CBD lovers worldwide. Once again, these sites are easy and cheap to set up, and once you start building an online following, you can consider branching out into other areas.
CBD Marketing
Another great option for those who want to set up a CBD business online is to focus on marketing. You can get a steady secondary income stream through things like affiliate marketing and content marketing for CBD companies and their products, and all the work really involves is writing some blog posts, promotions, articles, and so on, including links and reviews of your favorite CBD products and encouraging people to make a purchase.
Packaging and Accessories
Setting up your own CBD production facility might not be possible, especially with all the legal obstacles that need to be navigated and financial requirements of such an endeavor. However, there’s little to stop you from focusing on CBD packaging and accessories instead. CBD users need bottles, bags, and so on to carry their CBD products around, and many like the idea of CBD merchandise and accessories to spread the word about cannabidiol and all of its advantages too.
Pets
One aspect of the CBD industry that has really started taking off in recent years is the sub-market of CBD products for pets. Yes, cats and dogs also have their endocannabinoid systems and can benefit from the positive, mood-boosting, pain-relieving effects of CBD too. This part of the industry is still in its infancy, so it’s a great time to get in there with your own ideas for CBD pet treats and so on.
Final Word
The CBD industry is guaranteed to grow and grow, especially with the likelihood of relaxed regulations in the months and years ahead, so this is a terrific time to join up and be a part of a movement that is quite truly changing the world.