12. CBD cosmetics.
With its supposed anti-inflammatory and analgesic properties, CBD is believed by some to be the perfect aid for relieving pain, soreness, redness, dryness, and skin conditions like eczema and psoriasis. You could partner with a store that places impulse-buy products, such as CBD cosmetics, near the checkout counter. Alternatively, give samples away on the street and provide the buyer with a business card so they can recommend and follow your website or social media page.
Cost: Typically, USA hemp-derived CBD costs $30 per gram, $25 for 2-9 grams, $9 per gram for one kilogram, $8 per gram for 10-99 kilograms. Aside from the cost of buying CBD in bulk, you should consider the cost of mixing your CBD products with carrier oils and solutions to make cosmetics.
13. Sell CBD supplements and medication.
Some CBD proponents have explored the therapeutic benefits of CBD, which they believe provide analgesic, anxiolytic, and pain-relieving properties. However, it should be noted that the FDA doesn’t regulate the safety and purity of CBD products sold as dietary supplements.Uncertainty also remains regarding dosage and risk interactions with other drugs.
Cost: A few things should be included in your budget when you sell CBD supplements and medication online, such as the long-term storage fees, referral fees, selling plan, and advertising. However, the cost of selling this kind of product online usually requires an online store, basic configuration, and training, which works out at around $5,000. An online store provider like BigCommerce, however, could be a lot less costly.
14. CBD spa.
Whatever the circumstances, the appeal that a CBD spa provides is sure to keep enticing customers. For example, when given in a luxurious setting, a CBD massage is believed by some to minimize post-workout soreness, muscle discomfort, and tiredness; ease joint inflammation and arthritis pain; ease back, shoulder, and neck pain; and decrease inflammation caused by strain or injury. You may even want to cater some of your CBD spa products to athletes, like Beam TLC has done.
Cost: Start-up costs for a luxury spa could far exceed $100,000. Nonetheless, the return on your investment could be much more. Profit can’t be calculated accurately unless you account for the start-up capital that must be earned in order to fund things such as advertising, equipment, necessary licenses, supplies, permits, insurance, and training. If the large investment doesn’t appeal to you, seek out a U.S. Small Business Administration loan, an investor or a personal loan.
15. CBD bath lotions and soaps.
Some people claim that receptors in the skin are reactive to the effects of CBD, which can be infused into topically applied solutions like CBD bath lotions and soaps. Best of all, they can be developed to include a specific dosage of CBD per product, for example, 20 mg per bar. Combine the infusion of terpene-rich CBD extracts with other dermatologically enhancing ingredients, like goat milk, and your products are sure to satisfy.
Cost: A number of things should be added to your list of outgoings when selling CBD bath lotions and soaps, such as the referral fees, selling plan, fulfillment fees, long-term storage fees, and advertising. Store costs, in the range of $40 per month up to $100s or $1,000s monthly, depend on the provider. Brick-and-mortar stores may cost as much as $50,000 inclusive of storefront rental costs, electricity, insurance policies, salaries, and workers’ compensation.
Click to next page to continue reading