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10 Steps to Starting a CBD Business | CBD Entrepreneur



CBD Expert and founder of Joy Organics shares the 10 steps to starting your own CBD business. https://joyorganics.com/partnerships

Summary

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

1. SUBSCRIBE
to Our YouTube Channel for Industry-Leading Videos & CBD Expertise:
https://www.youtube.com/c/joyorganicspartnerships

2. EDUCATE YOURSELF AND YOUR CUSTOMERS:
The Ultimate CBD Oil Guide:
https://joyorganics.com/ultimate-guide-to-cbd-oil/

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.

#cbdbusiness #cbcoil

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

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40 Comments

  1. It's good marketing content but not informative at all. Most of the steps are true for any kind of business. The interesting parts of CBD business (distribution, logistics, packaging, etc…) is forgotten. this video is the opposite of relevant information

  2. Hey Todd. Great video. I am looking at setting up my own company in the UK. Primarily I want to grow, process and manufacture a product. If you have time I would love to chat with you

  3. Hello. I'm interested in starting an online CBD Business. Do I go to the IRS for an EIN #? Also, do I obtain a Merchant account from my bank? If so, you mention make sure they do CBD processing.

  4. I like what Todd and the people at Joy Organics are doing here. Great educational videos that are short and sweet. Focusing every video on what to do and what not to do, usually involving the ideas of doing the right thing ethically, treating the customer with respect, investing in high quality organic products, etc. However, I'm in shock that he would then turn around and mention half asking your logo design and branding by using 99 Designs. I agree with most of what Todd is saying but I 100% Disagree with his suggestions of using 99 designs. I think if you use 99 Designs your going to get a very generic logo that will not last I promise you that. While it's tempting due to the low cost Todd says it here in the video "You get what you pay for!". As a seasoned design I can tell you that if you hire a great designer which great experience, you'll find that you'll be addressing the important aspects of a logo design, and how that translates into your overall branding (Branding is not a logo design). With the right designer you'll be able to go back and forth through different discovery sessions that will the yield not just a good design, but one that is appropriate, simple, and distinctive. No great designer will ever work for pennies and/or compete with other designers to rush thought a design. If you want a great branded experience with exceptional designs reach out to me and I'll be able to help you on a higher level. Of course some people don't care much about their design but those business never last. Just look any great brand out there….do you think they used cheap sites that promote the reduction and respect for real problem solving designers? I think not. Other than that, I do like this channel. Cheers

  5. I have the finer details down but what I can't get an exact answer on is the best payment processor to use with a Shopify account? I can't find one that will easily integrate with Shopify and isn't crazy expensive or only available for established companies.

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