CBD Expert and founder of Joy Organics shares the 10 steps to starting your own CBD business. https://joyorganics.com/partnerships
1. The first step determining what you are going to call your business. I've got a separate video that you can watch on selecting the right name but in general my advice to you is to select a name that does not include CBD, hemp or cannabis because that just creates red flags for your bank.
2. Set up your business entity. We went to legalzoom.com and you can go there you can set up your LLC which is what we used a limited liability company. I set up the LLC for Joy Organics in less than 15 minutes. My advice on setting up your entity is to use your name. For us our entity is joy organics LLC.
3. Design a Logo
I recommend that you go to a company called 99 Designs I believe their rate is like $295 and they have thousands of designers around the world
4. Set Up a Bank Account
Once you get your EIN number which is your employee identification number go to your bank just let them know you're in the health and nutrition business. Don't volunteer any extra information.
5. Apply for a Merchant Account.
You have to have a bank account set up you have to have your employee identification number before you can apply for a merchant account below this video I'll also put the name of the person that I would recommend for your merchant account. You want to make sure that you have a special CBD merchant processor
6. Select a good partner to sell you your CBD Oil
You want to make sure that you're offering a line of CVD products that result in a high reorder rate because if not you're going to have all kinds of problems. If you're not selling a high-quality CBD product you're going to have people returning the product & you'll have disputes with your merchant processor.
7. Build a website. Shopify which is the most popular shopping cart out there does not do CBD processing at this time so you'd want to use WooCommerce.
8. Secure your social media sites such as Facebook, YouTube, Instagram and Twitter.
9. Find a fulfillment company. Joy Organics has launched their own fulfillment division since the recording of this video. Speak to a specialist to learn more.
10. Put together your marketing strategy.
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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.
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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.
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