The CBD industry is taking off and with it comes much lucrative promise and prospect. With a growth rate estimated at a whopping $2.5 billion by the year 2022, there’s no better time to be Starting Your White Label CBD Brand. Over the last five years the CBD industry has seen substantial growth, which is expected to continue exponentially for the next decade. Ready to take your first steps into this promising industry? Well you’re in luck: Seabedee is here to give you 10 easy Steps to Starting Your White Label CBD Brand. And yes, we do offer our exceptional Seabedee White Label Program so YOU can start your own CBD Brand today, with a reputable manufacturer you can trust.
THE 10 STEPS:
1. KNOW YOUR FACTS ON THE CBD MARKET & INDUSTRY.
It is essential to know the CBD industry inside-out before jumping into business, as it is a little bit more complex than the average start-up. A few beneficial things to know and research may include: CBD manufacturing research, looking at state jurisdictions, knowing what certifications you’ll want to acquire, and seeking information about hemp legalization/cultivation.
2. CHOOSE A BOLD & BRILLIANT BRAND NAME FOR YOUR CBD BRAND.
Your brand name is your signature mark and identity, so it’s important to pick one that represents who you are. Additionally, it’s consequential that your brand name is chosen wisely. What does “wisely” encompass?It means you must be smart about the domain name and make sure it is available, and avoid words like “CBD” and “Cannabis”, as these words flag issues with banks.
3. DESIGN A LOGO FOR YOUR WHITE LABEL CBD BRAND.
How many times have you purchased something purely based on the aesthetic appeal of the label? I know I have (especially in the wine department, the “coolest” label is the wine bottle I choose). With that being said, logos are trivial to catching the eye of the consumer. So select a color scheme and attractive logo to go with it. After all, first impressions are founded upon appearance!
4. BUILD YOUR WEBSITE FOR YOUR WHITE LABEL CBD BRAND.
There is definitely a “right way” and vice versa to website building. Business success is reliant on a solid online website for people to seek information as well as purchase products. Make sure your website platform is SEO-friendly (like WordPress), and fill your website with authoritative content. The design and theme should be attractive (perhaps utilizing color schemes found in your logo), and pick website templates that make the page easily nagativable.
5. ESTABLISH AN LLC FOR YOUR WHITE LABEL CBD BRAND.
You can’t start a business without an LLC. It may not be the most fun part of starting your white label CBD business, but it is necessary and of great importance. The legalities involved with starting a CBD business can get confusing, so hire legal partners that can advise the process and form a limited liability company to make it official. LLC, let’s go!
6. CHOOSE A TRUSTWORTHY PARTNER.
Ensuring that you are partnered with a reputable and trustworthy company is key. Make sure their vision aligns with quality products and that transparency is a priority. Boost brand and awareness and build a reputation; these things matter.
7. OPEN A BANK ACCOUNT FOR YOUR WHITE LABEL CBD BRAND.
Banking is an obvious necessity when building a business, and it’s important to understand the best way to go about this as a White Label CBD Brand/company. Banks tend to shy away from doing business with CBD companies, fearing considerable ask or burdensome oversight. With that being said, it’s vital that you find a bank that is not only willing to work with you, but also provides fast and easy service. Oh— and don’t forget to make declare your category as “Health & Nutrition”.
8. FIND A PAYMENT PROCESSOR FOR YOUR CBD BRAND.
Money moves doesn’t end at banking— finding a payment processor is another critical step to starting a white label CBD brand. In the beginning, you’ll have higher processing fees, which are unavoidable and are best accepted as part of the process to establishing your business. Luckily for you, our team at Seabedee is happy to help with that. Contact us for more information on our Seabedee Wholesale and White Labeling Page now!
9. SENSIBLY CHOOSE YOUR WHITE LABEL CBD PRODUCTS.
There are benefits to knowing what products are trending in the CBD market, with careful consideration to the consumers you’re targeting. So, choose products that will match their interest and needs! If you choose to work with Seabedee, start with our most popular products and branch out from there. And remember: Don’t expand too quickly! Good things take time.
10. TEST THE MARKET BY CHOOSING WHOLESALE FIRST.
There’s nothing wrong with taking baby-steps towards large-scale endeavors like starting your white label CBD brand. If you’re still hesitant to start building your brand, patch-test the market first by becoming a Seabedee Wholesale Partner first. We have all the tools and experience you need, and we are a brand you can trust with wholesale needs as well as white labeling. After you find success as a wholesale affiliate with us, there’s no doubt you’ll be ready to build your own private label CBD brand with confidence.