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Monday, July 1, 2013

How to Start Your Own Supplement Company

Supplement Company
You can start a supplement company from the comfort of your own home. The first step is deciding what types of supplements you want to sell, including vitamins, diet aids, protein, sports nutritional products or herbs. Go online and search for companies that sell supplements online. Notice which products these companies features and how much they cost. Obtain doing business as and vendor's licenses so you can collect sales tax from customers.



Step 1

Find a manufacturer or wholesale supplier for your supplements business. Check with the National Wholesalers Association. Go to Tradepub.com and look for publications that deal with nutritional supplements and wholesalers. Check the Thomasnet.com website that lists a myriad product manufacturers. Look through business opportunity magazines, such as "Business Opportunities" and "Home Business" for a potential supplements distributor.

Step 2

Call several of the manufacturer and wholesale suppliers. Find out which ones offer drop shipping, which will prevent you from having to stock a large inventory of products. Study the product costs of various drop-shipping suppliers. Choose the wholesale or manufacturer supplier that provides you with the lowest per-unit product cost.

Step 3

Apply for a merchant account at your bank. Sign up and use PayPal.com, Alertpay.com or Clickbank.com as your payment processor, especially if your bank turns you down.

Step 4

Supplement CompanyCreate a website for your supplements business, or hire a web designer to create one for you. Order product samples and take pictures of them for your website. Help your web designer create descriptions for your online products.








Step 5

Place your supplements website on various search engines, such as Google.com, Yahoo.com and Lycos.com. Hire a search engine optimizer to help you get a high ranking in these search engines. Think of three- to- five-word phrase that best describe your supplements business. Make sure you use keywords that are located throughout your website, according to the Business Insider website.

Step 6

Obtain brochures and catalogs from your supplier on different products. Create your own brochures and catalogs if your supplier does not offer them. Order business cards with your website and phone number.

Step 7

Contact businesses in your area, including health clubs, independent gyms and martial arts studios. Leave a business card and brochure with the various health or fitness establishments. Try to get these fitness clubs to order products for their customers.

Step 8

Order products through your supplier when you customers send you money. Ship products out to your customers using a self-addressed printed label.

Step 9

Maintain a database of current customers. Send catalogs or special deals out to these customers every month or two.


Tip

  • Become a wholesaler yourself if you can get at least a 200- or- 300-percent markup on products. For example, if you sell a product for $25 and purchase it for $10, you can sell the product to retailers for $12 or $15. Keep in mind that they will be ordering in large quantities. Therefore, the small profit per product can really add up over time.

About the Author

Rick Suttle has been writing professionally since 2009, covering health and business for various online and print publications. He has worked in corporate marketing research and as a copywriter. Suttle holds a Bachelor of Science in marketing from Miami University and a Master of Business Administration from California Coast University. He is author of the novels "Hell Year" and "Suicide Peak."



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