According to Statista, CBD consumer sales are projected to reach $1.8 billion by 2022. This is roughly half a billion U.S dollars jump since the federal legalization of hemp crops in 2018.
The CBD industry isn't looking to slow down anytime soon and if you're someone who wants a piece of the pie, but isn't sure how to get started, dropshipping may be the easiest way for you to dip your foot into the CBD industry with minimal risks.
Dropshipping CBD is an order fulfillment method that has risen to popularity for the ease that it provides entrepreneurs and small business owners. It allows you to build your dream CBD line of products while partnering with an established CBD manufacturer.
Learn more about what a CBD dropshipping program looks like and how you can get started in this promising e-commerce industry.
What Is Dropshipping?
Dropshipping is an order fulfillment method that frees entrepreneurs and small businesses from managing their own inventory, renting a large warehouse to store CBD products, or handling the shipping to their customers.
How Do You Dropship CBD Products?
- A customer places an order through your online store and pays your retail price.
- The order and customer shipping information are forwarded to our team.
- We package and ship the order directly to your customer.
What Are the Benefits of Dropshipping CBD?
1. Easy to Get started
Perhaps the best part of dropshipping CBD is just how easy it is to get started. Leave the hemp farming, extraction, and product formulations to the experts while you focus on building and marketing the brand.
The first order of business is finding a supplier, like Neurogan. We offer a reliable CBD dropshipping program for US-based companies. Our premium CBD products are made from naturally farmed hemp right here in California.
All our products are tested in-house and via an independent lab to ensure the quality is among the best in the industry.
2. Freedom to Work Where You Want
Though it's rewarding, it's not always easy running a business. There are many stress points for entrepreneurs including, costs, damaged goods, inventory supply, storage, and more.
Dropshipping CBD products allows you to make money anywhere you have a decent wifi connection, which minimizes the need for an office or warehouse space. This gives you the freedom to work from virtually anywhere while your supplier handles the inventory and shipping.
3. Reduced Overhead Costs
When all you need is a laptop and internet connection to carry out the day-to-day operations of your business, you eliminate a huge chunk of overhead costs that most brick-and-mortar stores have to worry about.
Ditch costly warehouse bills, office space, energy bills, stationery and packaging costs, and labor costs when you work with a reliable drop shipping team.
Not having to use warehouse or office space for your inventory will significantly reduce your overhead costs, meaning you can keep more of your profits with a singular fixed dropshipping fee.
4. Time To Grow & Scale Your Business
Making more money doesn't have to mean more work, let CBD dropshipping help you to work smarter, not harder.
Entrepreneurs just getting started with any venture know all too well how allocating time is perhaps one of the biggest hurdles in maintaining a business. By leaving the task of storing, packaging, and fulfilling orders to a supplier, you'll free up valuable hours you can use towards improving your sales and marketing strategy.
Frequently Asked Questions About Dropshipping CBD
What Do I Need To Dropship CBD?
The first thing you'll need to be eligible in a CBD dropshipping program is a registered business.
You'll need to file the necessary paperwork in your state to start an online business selling products from a website, just as you would a physical store.
Next, you'll need to come up with your company's branding and website where customers can learn about your business and order products.
The other key step in finding success in your dropshipping program is a good marketing strategy. Putting your products in front of the right people and teaching your ideal customers how they can benefit and use CBD products will help you stand out in the market.
The other component you'll need is a reputable CBD manufacturer that provides a fair dropshipping program and high-quality CBD products. At this time, Neurogan only partners with US-based businesses for our CBD dropshipping program.
When shopping for a drop shipping partner, you want to make sure the wholesale CBD supplier implements the proper safety and testing practices such as independent testing and quality assurance measures because it's an integral part of your branding and builds long-term customer loyalty.
Is Selling CBD Profitable?
There's a lot of money to be made selling CBD if done right. CBD is one of the fastest-growing industries worldwide.
With many more people learning about the health benefits of cannabinoids and their destigmatization, hemp products are becoming more mainstream. It's projected to become a $1.8 billion industry within the next two years, it's safe to say the CBD industry has made many success stories since its legalization in the United States in 2018.
With premium-quality CBD products behind you, the biggest determining factor for your success in the drop shipping world is your branding and marketing strategy.
Start Dropshipping With Neurogan
At Neurogan, we proudly offer CBD dropshipping private label services for both online and brick-and-mortar businesses. Partner with our team for the ability to store your CBD products at our warehouse and have us do the heavy lifting when it comes to packaging and shipping your goods.
Our state-of-the-art advanced fulfillment system will receive an email each time an order has been placed for your business and we'll send the product directly to your customer, making the process easy for you.
We're pleased to offer our CBD dropshipping private label service in support of our customers. After your order is submitted for your private label, get in contact with our team to find out how to join our CBD dropshipping private label program. We look forward to taking care of your goods with care and attention to detail.
How Does Private Labeling Work?
There's a lot more to creating a profitable business than the product itself (though it's a crucial component).
Successful businesses need to consider their unique approach to connecting their brand to their particular audiences to generate profits. This means that you need to establish a marketable brand to sell the products.
You handle the branding and let us handle the products. When you choose Neurogan for your Private Label CBD partner, you get access to a catalog of the best selling CBD and CBG products that have undergone rigorous quality control measures and safety testing before they're bottled and sent to your customers.
You can customize your CBD product line with your choice of flavor, strength, and extract type. We only sell full spectrum and THC-free broad spectrum extracts due to their potency and well rounded CBD benefits. Our team can also help you with creative design solutions, so you can feel supported throughout the partnership.
What's even better for budding entrepreneurs or those looking to get started with a limited budget is that our drop shipping program has a low minimum order value of $1000.
If you have any questions about getting started with our Private Label Program, we encourage you to reach out to our team.
The Takeaway: Dropshipping CBD
For entrepreneurs passionate about the CBD industry, dropshipping programs offer an exciting venture as a business.
Leave the logistics of hemp farming, extraction, and formulas to the experts while you handle the sales and marketing on your e-commerce website.
Dropshipping gives you the freedom to start an e-commerce business virtually anywhere you have access to the internet with your laptop. And when you partner with a reputable CBD manufacturer, you can rest assured that your CBD product quality and order fulfillment are met with professionalism and care.