The CBD oil market is exploding and now is the time for people to get in on this action. You can get started by starting up your own CBD oil home based business. This is a business venture that can make you some great money if you are willing to put in the effort to make it work and to take it seriously. Keep reading to discover about CDB oil home based businesses and what they have to offer.
What is a CBD oil home business?
A CBD oil home business is an economic venture that markets CBD oil-based products to consumers. This type of business opportunity became available shortly after 2009 when CBD oil products were becoming useful was for treating pain.
This substance is also good for improving a person’s health and some people take it for recreational purposes. Since CBD oil has become a lucrative enterprise, it now provides a legitimate opportunity for people to make some extra cash.
Some individuals can even make a full time income from this endeavor. If your interested in getting involved you should check out review of a company called HempWorx which is paying big checks to their affiliates.
Why Society is Suffering from Pain and how CBD Oil Brings Relief
CBD oil is a hot commodity for a number of reasons. The most important reason why CBD oil is popular has to do with pain. Millions of people have been suffering since the late 90s up until the present time. Their suffering is due to chronic pain. Doctors cannot fully understand why so many people are experiencing pain related problems.
Truthfully, they realize that chronic pain results from some type of injury, natural cause, disease or physical disorder. However, there are plenty of cases where they cannot figure out where the pain is coming from.
Also, more people are suffering from pain on a grand scale. The fact is that so many American people are just struggling with a lot of pain related ailments and symptoms.
This is a huge problem in our society. Since it is, millions of people are constantly trying to get relief. Honestly, no one wants to live a life suffering from pain. Also, no one should have to live this way. Back in the late 90s and early 2000s doctors did their best to treat patients with pain relief medicines.
Before the late 90s, people were given pain relief medicines that did not contain narcotic substances. Pain relief medications such as acetaminophen, ibuprofen and even aspirin were constantly utilized to get rid of pain related problems. These substances helped people but for some strange reason they were not completely effective.
During the 1980s the medical community came to the conclusion that people were not being effectively treated for pain. This conclusion started the medical field to consider stronger treatment options for pain relief. This is where opioid based medicines started to show up with more frequency.
Keep in mind that narcotic based medicines have always been available for pain. However, medical professionals would use these substances for critically ill or severely sick people. In other words, opioid or morphine based medications were prescribed for people who were on their deathbed or extremely sick.
By the late 90s an epidemic of pain began to quietly emerge. People all over the nation were quietly suffering and doctors had to find remedies. Opioid based medications became the solution. These medications were slowly being utilized by the medical community during the early 2000s. By 2008 they were gaining a lot of popularity. By 2015, opioid based medications had posed an epidemic in overdose.
People all over the nation were hooked on their pain medications and if they couldn’t get them they would turn to heroine for relief. The opioid based prescription market helped to fuel the heroine epidemic. Both of these scourges on society took place at the same time.
Medical patients and dirty doctors manipulated the system to illegally obtain and sell pain meds for profit. Drug dealers would sell heroine to medical patients who needed relief from their problems. Other issues related to these epidemics developed as well.
So, what does all of this have to do with a CBD oil business? Pain relief is the very reason why a CBD oil business is even possible today. Opioid based medications in a sense have failed to help people. They have achieved pain relief, but the price for this relief has been great. Many Americans have lost their lives due to over abusing and misusing pain medications.
Added to this problem is the situation of addiction. Millions of Americans are addicted to their pain medications. They cannot function without them. It is almost impossible to treat a person who needs their medications to alleviate chronic pain but are addicted to them at the same time. This is where CBD oil comes in.
CBD oil helps a person’s body to find relief without getting them addicted. This substance was slowly considered for pain relief when pain sufferers started realized it was effective for their problems. Some strains of CBD oil can get people high but not the medical grade type. It is used for alleviating aggravated nerves. People realized that CBD oil had little or no side effects. It was just as effective for treating painful conditions and it wouldn’t get people strung out.
The Relaxed Attitude Toward Drugs Today
If you plan on getting involved with the CBD oil business, then you will definitely need to know this. Starting in the 2000s, America’s drug laws became lax. People all over the nation were loosening up their attitudes toward drugs. CBD oil was one of the drugs that people started to embrace.
In case you didn’t know, this drug is considered a narcotic substance. Even with the passing of the Farm Bill legislation back in December of 2018, CBD oil is still considered a narcotic substance by the federal government. The government allows states to sell this product but that does not mean they have removed it from the scheduled classification of narcotic substances.
Ultimately, the government wants to keep this substance under its control. If the current CBD oil industry starts to go downhill then the government will have the legal and constitutional authority to shut it down. This is one of the major reasons why they will not remove this substance from list of illegal drugs. There are many more reasons but they won’t be covered here.
Let’s just say that CBD oil is derived from hemp plants. Hemp plants have the ability to get people high through hemp flowers. However, for a person to get high they would have to use a strain of hemp that has THC. To keep things simple, THC is the main ingredient in hemp that gets people high.
When more and more people started to change their view on this substance, hemp and hemp related products started to gain ground. One of the biggest reasons why people started to embrace hemp had to do with chronic pain. The medical community realized that CBD oil derived from hemp (without THC) was effective for alleviating pain.
Many doctor’s patients were telling them that it worked. Most doctors were aware of CBD oil. However, it was as an unproven form of pain relief. Most medical professionals during the 20th century never considered it as a valid treatment method. Now, it is being used for this very purpose.
The social view of drugs have changed. Many people now view CBD oil as an alternative treatment option. The stigma of CBD oil being used by criminals, addicts and narcotic’s distributors are no longer valid. This group of people continues to use this drug but they are no longer represent what this drug is about.
Now, this drug is being used by medical patients and people who are suffering from various pain ailments. They are the new faces of this drug. Their reason for using CBD oil has played a major role with how people view this narcotic substance.
People also began to realize that CBD oil was helping to improve their health. The medical community was skeptical at first but slowly came around when they started to see results. Still, many members of the medical community are very skeptical about CBD oil and its healing ability. Since most of society has accepted CBD oil as a valid treatment for pain, this drug is no longer viewed in a negative way.
Who wants to buy CBD oil?
We already established that CBD oil is used to relieve pain and you also know that it is used for health reasons. These two aspects of CBD oil fulfills a need. If you have a CBD oil home based business you can help people who are in need of this remedy. CBD oil is also purchased by people who want to vape with this product for recreational purposes. Recreational CBD oil use is also growing. While people cannot get high from vaping CBD oil, they still use it in place of smoking cigarettes. For many people, vaping CBD oil is a better alternative than tobacco.
What is the future market projection for this product?
CBD oil is now considered one of the hottest products on the market in 2019. This commodity has been steadily growing in use since 2017. As more people learn about it and more doctors prescribe it to patients, it continues to be a profitable business. Did you know that CBD oil is the second highest sold item in dispensaries?
While most people purchase hemp flower to help alleviate medical problems, CBD oil is the second best sold product for this purpose. Between 22% – 25% of all dispensary sells are for CBD oil. If a person with a home based CBD oil business can create a following of loyal customers, they should be able to make a decent profit from this product.
CBD oil growth is not slowing down anytime soon. As a matter of fact it is going to continue to explode with popularity within the medical market. More doctors are warming up to prescribing this product for medical purposes. This need alone is what helps to secure the CBD market with lots of customers.
A lot of people still continue to suffer from pain. These individuals no longer want to risk their health and their lives by taking opioid based medication. Regular pain medications usually don’t heal the type of pain problems that they are experiencing. CBD oil is the solution to this problem.
Hey, did you know that some restaurants are getting in the CBD oil trend as well. Some restaurants are actually utilizing CBD oil as a part of their ingredients for dishes. Eating establishments that create their own menus will be able to include this product in their meals.
Restaurants that use prepared meals from meat or menu supplying companies will usually avoid adding CBD oil to their dishes. While they only add a few drops to each menu item, the CBD oil could alter the taste of prepared foods.
Still, the CBD oil restaurant trend is growing. Owners want to ensure that their patrons are eating healthy and CBD oil is a key ingredient that allows this to happen. More and more local based dining places are now trying to cash in on CBD oil. Added this ingredient to the menu helps to draw in more customers and to establish a new way of eating. If a home based CBD oil business seller can tap into this market, chances are they can earn nice profits from this endeavor.
A Special Word about Tobacco use and CBD Oil
Hey, did you know that tobacco use and profitability is starting to decline? Tobacco usage has been going into decline since the 2000s. By 2015 fewer people were smoking cigarettes and in 2019 tobacco farmers are no longer making as much money from this product.
Many small tobacco farmers have realized that they are losing more money per acre on this product. This is why they have switched their crop over from tobacco to hemp. The growth of CBD oil is helping to influence their decision. Many tobacco farmers know that it is more profitable for them to sell hemp than tobacco.
Don’t think that hemp will completely replace tobacco. That is not going to happen. However, more and more people are using CBD oil as a healthy alternative to smoking cigarettes. Since they are making this switch, they are maintaining their health at a better rate.
Also, CBD oil can be flavored and it can be mixed with other oils to create different blends. More people are vaping CBD oil in place of smoking cigarettes. So, there is a need to supply this emerging market of consumers.
A CBD oil home base business can be created around this group of consumers. If a home based CBD oil business can market and sell to tobacco smokers who are looking to change their habit or at least cut it back, they too can make decent money from this endeavor. Smokers are always looking for the next best thing and CBD oil fulfills that need.
How can a CBD oil business make money?
A CBD oil business is only going to give back what its owner puts into it. This is just business 101. If you want to make your business excel and grow, you will have to work very hard to make that happen. Having good business sense and knowledge will also help any CBD oil enterprise to be successful.
Knowing your customers and what they need is the first step to growing your business. You should know who your clients are and why they need your CBD oil. Now, we just told you that many people are suffering from pain. You also just learned that CBD oil is used primarily for that purpose.
What you have to do with your CBD oil business is to find a way to reach this group of people. Once you reach them, you will should let them know what your CBD oil product will do for them. Keep in mind that you must know your product inside out. One of the worst things that you can do as a CBD oil seller is to market a product you know very little about.
People want to have assurance when they are purchasing this type of substance. They want to make sure that it will provide the pain relief they need. They want to make sure they are not just getting high or addicted this substance.
CBD oil smokers want to make sure you are not slipping any other type of deadly narcotic substance into your product. They want to be able to use this oil without unwanted side effects. CBD oil users also do not want your product to cause them some type of future problems from using this substance.
Factors such as developing cancer from long term use might be something that they worry about. They also might worry about the potency of your product. The main thing for you to remember is that you must know your product and how it will benefit them. You should also know the law for your state regarding this substance. This way, your clients are not using this product in an illegal manner.
Once you know how your product, you will be able to fully explain or even summarize how it works. You can then start marketing to your customers. You can advertise through a personal website and your business can also be marketed through word of mouth. Their are rules for marketing CBD oil based products and you should know about them.
At this point, you can use the following tips to help your future home based CBD oil business to be successful:
- Make sure your CBD oil is derived from hemp.
- Make sure you are not make sure you are not making claims that your product(s) will be able to treat, prevent, diagnose or even cure a disease. Remember, the FDA wants evidence to prove claims such as these. If you cannot medically prove that your products can do these things; the FDA has a right to make you stop selling them.
- This brings up a very important point about your CBD oil home based business. You know that this product is used primarily for medical purposes. Still, you cannot make claims that it can be used to treat people. So, how do you get people to purchase this product without making such claims? You have to use careful wording when you advertise.
- For example, you can state that your CBD oil products “could” possibly treat chronic pain as opposed to it actually treating medical ailments. You can also state that your CBD products has the ability to be used as an “alternative form of treatment” for a person’s ongoing pain. Wording such as this usually won’t create a problem for you when you sell your product.
- Make sure your products have dosages on them that people can quickly read. Remember, certain states have certain rules about the amount of CBD oil that you are selling.
- You should also get a business license and an EIN/TIN for your home based CBD oil business. If a customer runs into a problem from taking one of the CBD oil products you are selling, you could possibly get into big trouble for not having a license and not being in compliance.
Ultimately, just make sure you are selling your CBD oil products in the right way. Obey your state’s laws about CBD oil selling. Make sure you are not making false claims about your product and reassure your customers that you are selling them a high quality substance.
Once you have done all of these things (and a lot more) you should be able to maximize your potential as a home based CBD oil seller. In other words, the money should start coming in once you establish yourself as a knowledgeable and professional seller.
What do you need to get started with a personalized CBD oil enterprise?
There are some things you will need to do if you want to sell CBD oil from home. We already discussed that you must get a license and make sure that you know the laws regarding this product. You should also find a reputable supplier, have a place set aside within your home for storing inventory and for conducting business.
You will also need a computer and business tracking software to record your transactions and to keep track of your inventory. Even if you are selling this product on a small scale, chances are you will have to track every transaction for the government’s knowledge.
The most important aspect of any business is a business plan. If you don’t make one your company will not be able to reach its full potential. A business plan provides you with an outline about how your operation will run and how you will reach clients in the market. It will also help you to figure out your expected profits and expenses. A business plan is essential for success as a CBD oil seller. Even if you decide to be an affiliate for a CBD oil supplier, you should still make a plan.
By the way, there are plenty of CBD oil affiliate programs that a person can use to help them to sell this product. Hempworks is a company that provides CBD oil affiliate opportunities. A person can sign up with them to sell their products to consumers. Hempworks affiliate program is a part of a new trend for people to earn money will marketing this product.
There are so many things that must be done before you just run out and start selling this product. However, the main things you should do is to make yourself a legitimate CBD oil seller is to create a business plan, make yourself a legal CBD oil seller, know the laws about CBD oil, know your products and how to fulfill your customers needs with your product.
What about the law and CBD oil?
The law is clear when it comes to selling CBD oil and it is also vague. This might seem like it makes no sense but that is the nature of this product. Each state has its own rules for selling CBD oil.
You must learn those rules. They will impact how you do business. Also, you don’t want to break your state laws regarding this substance you could lose your business or quite possibly end up in jail.
Just make sure you know the laws before you start to sell this product.
A Final Word about CBD Oil Home Businesses
Selling CBD oil from home is becoming the latest business trend. People are now even hosting CBD oil parties in their home. Hosts inform their guests about the different uses of CBD oil and how it can help them.
These parties are something new and they clearly reveal how CBD oil is changing the culture. You can get in on this business venture because it is still emerging. The CBD oil market is not going to slow down anytime soon. By 2025 it is expected to generate at least $25 billion dollars.
That is a lot of money that you don’t have to leave on the table. You could possibly get some of this cash if you set up and operate your CBD oil business up in the right way.