Learning how to start your own supplement company can be rewarding, but it is also a lot of work. Many people interested in the supplement business have good ideas, but it takes more than just a good idea to build a profitable business. In order to be truly successful, you must also be able to market your product, distribute it, provide customer service, deal with legal issues and handle all of your financial affairs while still earning a healthy profit.
Topics: Industry Tips & Tricks
If you're looking for a manufacturer for your company's supplements, then, of course, you want to find a manufacturer that's reliable, experienced, and a good value. Unfortunately, with so many so-called "supplement manufacturers" out there competing for your business, it can be difficult to know which one is the best choice for your needs. To make matters worse, you may be surprised to learn that many of these companies aren't true manufacturers at all. Instead, they outsource the manufacturing to yet another company, making them more of a "middle man" than anything else. Even worse? You get charged the mark-up in these cases.
This is precisely the reason why there tends to be such a large disparity in pricing for supplement manufacturers—sometimes as much as $10,000 from one company to the next.
Topics: Insider Knowledge