Today, CBD is one of the fastest growing sectors in the beverage industry. So far in 2018, CBD sales had surpassed over 500 million dollars that are in revenue. According to some article by Forbes, CBD business opportunities and their products have become so much human-friendly that they are today part of human lives.
Today it’s very common to see people drizzling CBD oils on the salads during their lunch breaks at their trendy lunch sports, bartenders drizzling some CBD oils at the convenience of their customers as well mixologists adding it to juices and cocktails for their customers.
This is actually more than a hype for a plant that has been in existence for many years more than our ancestors ever existed too.
Noteworthy, after decades of psychoactive effects, CBD products have been utilized to ease up these effects and thus the growing popularity of the CDB products.
A surprisingly large number of individuals find CBD products to be helpful in providing relief to an extensive range of symptoms that are inclusive of anxiety, inflammations, gut disorders, chronic pain, as well as neurological conditions.
It was not until recently when the Food and Drug Administration approved a CBD oral solution for the treatment and management of seizures which are normally associated with about two rare server forms of epilepsy.
Today even chemists are going out of their way and engaging in CBD products since they find this sector worth exploring, for instance, Walgreens which is a very popular drug store declared that it would be selling CBD related products across a number of states including; South Carolina,, Mexico, Kentucky, Illinois, Indiana, Vermont among other states.
Basically, Walgreens specified that its purpose of diversifying its range of products to CBD related products was to help provide a wide range of accessible health as well well being products as well services purposely to help meet the needs and preferences of its customers.
Customer Value Store (CVS) pharmacy which is a national drug store has also declared its move in selling hemp-driven CBD products in about eight states. CVS also insisted in its report that it will be marketing topical CBD products ranging from creams to oil, sprays as well roll-ons.
Its purpose for this bold move was to help meet customer demand for alternative care options and in states like Colorado, Illinois, Alabama, Maryland, Kentucky, Indiana, California as well as Tennessee.
Collectively, its rather apparent that this is a huge step towards the development of the cannabis industry given the fact that globally recognized brands such as Hempworx are putting much of their hopes behind hemp-driven CBD products is amazing as well promising.
Nonetheless, the CBD industry is under very strict regulation and control by the FDA. Regulatory frameworks have been developed as well implemented for the purpose of providing clear guidance of what companies in this industry is expected of them and most importantly what is specifically not expected of them.
With all these developments on how the CBD business opportunities in the beverage industry is growing, it’s encouraging that more frameworks will put in place for the purpose of ensuring that CBD products are only for the purpose of improving human care and not to exploit people through exposure to health risks.
CBD Business Market Analysis
Before we even start exploring on the ways of growing a CBD business, it’s important that we get an explicit analysis of the CBD business market at first. Ideally, CBD products are almost everywhere today; be it in skin care, to beverages, to oils and even to pet treats.
Nonetheless, the big question that we should be asking ourselves is that; is CBD really growing as many people say it does? The answer to this question isn’t that much clear until a close and lucrative market analysis has been conducted.
In relevance to some reports by the industry experts, CBD markets are witnessing a storm, it’s really growing at an extraordinary compound annual growth rate of over 35%, and the numbers are expected to constantly increase throughout the years given the fact that people realize the worth as well benefits of CBD products.
For starters; it’s very important we start by analyzing what makes CBD products interesting and intriguing. As it has been repeatedly alluded that cannabidiol which is commonly known as CBD is one of the most prevalent and active ingredients of the hemp plant where it’s derived.
Another active or rather important ingredient is the tetrahydrocannabinol which is commonly referred to as THC. THC is popular known for its psychoactive effects which cause the user to get high or rather interrupt the normal functioning of the brain.
CBD products don’t have such side effects since it has very little contents of the THC components which are next to zero. The World Health Organization (WHO) has also declared that CBD products have shown no abuse or dependence potential and for that, there is no evidence of public health-related problems which are likely associated with the utilization of pure CBD products.
Collectively, this means that; CBD products have a high potential of medical benefits that can be realized from its use. CBD is highly used to care for medical issues incorporating, chronic pain, anxiety, insomnia, heart diseases among other health-related complication and thus making CBD products more interesting, intriguing and the most popular products in the beverage industry.
When it comes to the CBD products market, experts predict that; if CBD products keep on expanding at their current rate, then the CBD market will reach about 50 billion dollars come 2020.
However, the most intriguing thing about the hemp-CBD market is the fact that its currently spinning off into a mega industry of its own kind. Given the fragile nature of our economies, it’s very likely that investors are easily enticed with investments that are more of promising when it comes to returns and sustainability, and according to Forbes, the hemp-CBD market is likely to grow at a growth rate of about 700% come 2020.
Similarly, Forbes argues that the hemp-CBD market has not only grown by spring and jump but also it has grown to become an industry that is targeted by other insider firms as well outsiders.
Ideally, it’s proven that there are about over 800 CBD products in the market place and their growth is expected to increase as new discoveries are made.
Similarly, in relevance to a 2018 CBD business opportunities report by the Hemp Business Journal, it’s projected that in 2019, the hemp-CBD market will grow at a double rate given how well CBD markets have performed so far.
Previously, according to Medical Cannabis Inc, there were approximately $65 million sales of hemp-based CBD sales and that in the same year, the current market leader was standing at over $800,000 in CBD sales monthly.
In 2016, CBD sales had continuously grown at an increased rate of over $10 million above 2015’s sales. At a very short time, the market has changed dramatically since CBD products emerged in 2013 and these trends are said to keep on increasing as more people learn of the benefits that come along with hemp-CBD products.
Previously in 2013, customers were paying roughly $1.2 for a milligram but purchasing less, today the process has spiked up to about $ 2.4-5 per milligram and so has the volumes increased.
This is solid evidence that competition for the CBD products in this industry has increased with some of the leading companies identified to have a sustainable competitive advantage in the long run.
For instance; since its emergent, Hempworx has proven to be one of the strongest and most popularly companies in this industry since it reports the most intriguing sales reports.
Over the years, Hempworx has reported tremendous and continuous sales increase as well as growth in a variety of CBD products as well as increased growth, market wise.
Globally; market research reveals that the market size in terms of consumption, value as well products has immensely increased from 2013 to 2018 and that the forecasted market size comes 2025 will be tremendous.
CBD products have been spread across the world with some of the states in North America, Europe, Asia, Middle East and Latin America said to have legalized the use of CBD products.
Recently, CBD products are slowly finding their way into the African market which is solid evidence that the market size is continuously growing.
Before the emergent of hemp-CBD products in 2013, very few people had realized the benefits that come along with these products right from the wellness benefits to the profits and return part of it.
Previously, CBD products were only available mostly in head shops with a few medical practitioners recommending their patients to its use. Notwithstanding, in 2017/2018, CBD products have received a quite different reception with more markets are opening in the natural food store, cafes, doctors in offices, beauty aisles among other places.
The year 2017and 2018 have so far marked as an explosion for hemp-CBD related products given the fact that their market size has extensively grown as well as outstretched across states and worldwide.
The CBD businesses have not been left behind as well since so far, they have diversified their range of products a move that has created avenues for new CBD products that cater for different health needs.
Projections also reveal that there will be increased growth in a number of industries since other industries are discovering a gap that can be filled through the use of hemp-CBD related products.
For instance; the health industry is highly dependent on the CBD industry to try and provide care to a number of health-related issues.
Ideally, its also important to note that, 2018 was a very special year for the CBD companies since 2018 marked the period when people discovered the beauty that comes with the CBD products.
In the same manner, 2018 witnessed the passage of the Farm Bill which guaranteed a steady domestic supply of CBD sourced from the hemp plant. Generally, the farm bill is a United States legislation which aims at reauthorizing a number of agricultural related expenditures.
The same farm bill was inclusive of the Hemp Act which was a proposed law which aimed at removing hemp from the scheduled controlled substances; thus, making it a normal agricultural commodity.
For instance, earlier this year, the U.S. Hemp Authority awarded about 13 CBD companies with a quality seal which was aimed at standardizing quality control as well building a more safer hemp industry, and Hempworx was one of those companies.
Basically, the criteria used by the Hemp Authority was based on how well the companies of their choice performed in the previous years that is in relevance to production, sales, growth as well compliance with the set rules.
In terms of the 2018 market size, Hempworx has aggressively expanded into international markets such as Ireland and Ghana and plans have been made to get back to the Canadian market.
In 2018, Hempworx reported an increased rise in sales to up to $100 million and these sales are projected to continue to increase even in 2019.
To be able to achieve such noteworthy sales, Hempworx has eliminated a number of restrictions which have created an opportunity for affiliates to combine a number of their products and thus enjoying lucrative compensation plans which are normally powered by a revolutionary online. marketing system
So far Hempworx CBD business opportunities has experienced what really works and what doesn’t work and one of the things that it has discovered is the fact that, for any CBD company to retain a competitive advantage as well as expanded market, it has to take good care of its affiliates since its first customers are the affiliates and through this, a sustainable competitive advantage will be realized.
Hempworx has became a key player and a leader in the hemp industry which has focused on providing quality CBD products for the purpose of providing better and more promising health care services to its customers.
Ways of Growing Your CBD Business at Hempworx
The above market analysis on CBD gives a clear picture of how the CBD market is faring so far, and thus it will be much easier to identify ways on how to improve your CBD business at Hempworx.
When it comes to growing your CBD business, it becomes complicated in terms of legalities, at times it gets you thinking which are the legit CBD products? Where can you get legit CBD products?
Which is the best online Multi-level marketing program? All these questions really get people scratching their head so hard.
Nonetheless, with Hempworx you have not to worry about a thing because Hempworx presents their affiliates with the best ever deals through which they can easily benefit from without struggling or trying too hard that you cane.
If you are already started at Hempworks and you want to realize your full potential, there are a few guiding steps that you can utilize in order to emerge successful incorporating:
1. Know your Product
This is the very first step towards your success story at Hempworx. One thing that any business person should always bear in mind is the fact that, customers are always the ‘King’ in the sense that they always dictate the nature of business in a market and one thing that customers are always keen and sensitive to it’s their needs, tastes and preferences.
For you to be able to win your customers and maintain a sustainable competitive advantage is through ensuring that you offer the right product quality to your customers and at a reasonable and affordable price. Tu=his can only happen if you are well acquitted with your product.
This brings us to the idea that you should be able to differentiate between Hemp-CBD products and Cannabis products. Ideally, cannabis products are considered to be illegal since they contain a high content level of the THC components which extensively affect the normal functioning of the brain if consumed.
On the other hand, hemp-CBD related products were declared legal under the Farm Act since they contain very low levels of THC which are next to zero, this is to mean hemp-CBD products are not psychotropic at all.
Apart from differentiating between cannabis products and the hemp-CBD products, it’s important that you get a clear understanding of the different functions that your products serve.
For instance, there are CBD products which are responsible for restoration and recovery that is through products designed for alleviating skin conditions, reducing signs of aging, antioxidants among others.
There others that are designed for calming yourself as well as mental disorders inclusive of those responsible for anxiety, insomnia, depression as well as stress.
There others that help in relieving pain with conditions such as injuries, arthritis, cancer, muscle tension among others. There are also other CBD products designed for performance and productivity enhancement including those responsible for focusing your mind or even for energizing purposes.
To this effect, it important to understand all this because this will help you understand your clients from a personal perspective and thus providing them with the right and appropriates CCBD products which much their needs.
Collectively, with Hempworx your work is even pretty much easier since a lot has been done for you. Hempworx ensures that all its products are derived from the hemp plant and that they are designed and packed as well branded with the appropriate needs they serve.
This makes it even more simplified for the affiliates since they only need to familiarize themselves with the CBD products with there respective needs and thus been able to serve their clients more efficiently.
2. Understand and Comply with the Law
The other thing that you have to do so as to grow your CBD business is to ensure that you understand the sets hemp laws as well comply with them.
For starters, under the States and Federal Laws, there are those substances that are classified under schedule on substances that are strictly prohibited from been traded in the US since 1970.
In the year 2018, hemp was removed from schedule 1 substance in the Farm Act making it one of the legal substances. Bottom line, CBD products that contain either 3% or even more than that they are considered as illegal in the eyes of the federal and state law.
Additionally, it’s also important to ensure that you acknowledge the FDA has not yet cleared CBD as an efficacious substance. Similarly, the FDA does not allow CBD companies to state or rather declare that CBD can be used in place of medicines and that they only serve as a means of improving wellness.
To this end its rather apparent that the hemp industry is highly regulated and efforts should be made to ensure that the set laws are followed to the latter. Growing your CBD business with Hempworx saves you the hassle since the company ensures that it complies all the state and federal set laws to the latter.
The company has a team of staff that works effortlessly to ensure that any legislative issue that comes along its well cared for.
It’s also your responsibility to ensure that as you grow your business with Hempworx, you follow the prescribed rules and regulations for the purpose of ensuring that you conduct a legit business.
Ideally, understanding the CBD laws as well as complying to them will generally help you grow your business tremendously because customers want to interact with goods that are fit for their use.
3. Create Your CBD Business Plan
Given the above statistics, it’s important to note that the hemp industry is expected to grow tremendously, as the sales and returns are also expected to increase approximately by 700% come 2022.
This is to say, the opportunities at the CBD industry are readily available, but the key thing that you should do is to plan your attack and most especially under this market where the scrutinization is very high.
If you really want to grow your CBD business successfully, it’s important that you lay everything beforehand including your options. A good CBD plan should include elements like the financial methods, the products and services, your target customers as well as more effective market analysis, a more promising marketing plan, the strategies to be used and how to implement them as well as the sales projections.
Hempworx normally has two major alternatives that you can utilize as a customer, that is you can start as a either a preferred customer or a retail customer depending on how want.
The product packages also vary, and they are quite a number, you can grow you CBD business using either the pet pack, the builder pack, the two-pack, the director pack, the executive pack, executive pack or the spray builder, director or executive pack.
All these are the available alternatives that Hempworx presents to its affiliates, and one can utilize them to grow their business.
Apparently, Hempworks has the best and workable plan ever for instance; just as any other networking marketing companies there are two major ways through which you can earn and the first way you can earn is through selling HempWorx CBD products.
The second way is through referring potential clients into the business opportunity.
4. Using a Workable Marketing Plan
This is actually the last bit towards growing successful CBD business opportunities, and it happens to be the most important part.
Normally for CBD products its advisable to use multi-level marketing since its actually the reason behind the rapid growth of CDB oil across the world since to start making money you simply become a distributor through a company that deals with CBD products.
When working with Hempworx, you don’t have to worry about marketing your products because Hempworx has already done that for you. Since the emergent and establishment of Hempworx, the base has been set and today the company emerges as the best CBD affiliate program.
With the reception that CBD products have received so far, you need not to waste time figuring out the best angle to reach your customers.
Hempworx is ranked at number two according to Forbes, and this is evidence that the company has well marketed its products worldwide thus facilitating the presence of a ready market for you to take advantage of at the comfort of your living room.
There has never been a better time to become a Hempworx distributor other than now, the base has been set, and the market is readily available.
Ideally, in the market analysis section, we have seen that the market is young and its quickly growing since people have realized the benefits behind the CBD products and they are quickly opting for these benefits for the purpose of improving their well being.
Hemp-CBD products are also growing in diversity as are discovering more and more benefits of CBD products each and every day. Additionally, the market is growing in the sense that different sectors have started using CBD products for wellness purposes and this presents a lasting business opportunity.
Under Hempworx, growing your CBD business will be easily given the benefits that are associated with the company and above all the compensation plan that Hempworx presents to its affiliates is actually among the best and most lucrative within the hemp industry.
Start today at Hempworx and start reaping the rewards of this exploding industry through Hempworx CBD business opportunities and as far as compensation is concerned, there’s definitely an opportunity in HempWorx to earn money and make it a full-time income depending on the amount of work you put in, join the team and become wealthy.