Today, I want to share what I believe is the best CBD Oil business. As a quick disclaimer, I use this business model myself and I am very happy and satisfied doing it.
In case you haven’t heard, CBD is taking the world by storm. I personally believe that CBD is going to be “the next big thing.” If you missed the IPO for Apple or Amazon, the emergence of crypto-currency, and several other popular trends, you are now in the right place at the right time.
CBD has made many people millionaires already and this trend should continue to grow for many years to come. Once CBD becomes mainstream, and its well on its way to being there, you will have missed the boat. If you want to cash in on this hot trend, now is the time to get involved.
I’ll be the first to admit that there are many ways to make money online and offline with CBD Oil. I have another post on this blog that covers that in great detail. It talks about 6 different ways to make money with CBD. I believe you could follow ANY of those business models and do quite well.
In the paragraphs below, I want to share what I believe is the best CBD Oil Business. In other words, this is the best way to cash in on the CBD revolution, for the average person. Of course, this is just my opinion and we can agree to disagree.
The Best CBD Oil Business
I believe the best CBD Oil business is HB Naturals. Here’s why I say that.
# 1: No Capital Investment
When you are starting a business of any kind, there is normally a substantial capital investment. This could range from $10,000 to $1 million or more depending on your chosen business model. With HB Naturals, you can join as an affiliate for free and start earning money. And if you decide to go all in, your monthly overhead is less than $120.
Only about 3% of people looking for substantial outside funds to launch a new venture ever raise the capital they require.
# 2: No Inventory
Most traditional business owners need to invest in an inventory. This can range from a few thousand dollars to millions of dollars. When you join HB Naturals, the company handles the inventory and you focus on selling the product via your e-commerce store. You don’t need to spend any money on inventory.
Inventory is expensive. If your business relies on having a large inventory, then you may need a large amount of start-up funding to buy your inventory goods, as well as money to spend on storage and insurance for your inventory. Carrying an inventory can also be a risk — if the items do not sell, you may make a loss on their purchase. By eliminating inventory, you reduce your risk and the amount of money you need to start your business.
# 3: No Property Investment
Normally, when you start a CBD business you need to lease a building or buy a property. With HB Naturals, you have a home-based business. You can work from home in your pajamas and keep the money that you would have had to otherwise invest in a physical location for your business.
Other than possibly upgrading your internet service to allow for more speed, working from home won’t cost you any more than your current living expenses. Find an unused corner in the basement, work out of your guest room, or clear off your dining room table. Your apartment rent or mortgage payment won’t change, and you’re utilizing the space you have anyway to actually make money.
# 4: No Licensing Requirements
If you were to start a business that manufactures CBD products, you would need to get special licenses, permits and certifications. This can be very costly and time consuming. With HB Naturals, you just sign up as an affiliate and start selling the products.
Because the cannabis industry is heavily regulated, licensing for cannabis businesses is particularly complicated. Compliance requirements not only vary from state to state, they can change depending on your business category (cultivation vs. retail, for example) and which city or county you’re planning to operate in. In order to operate legally, it is essential that you meet all necessary business license, permit, registration, and other requirements.
# 5: No Merchant Account Requirements
When it comes to selling CBD via a traditional business, you will need your own credit card merchant account. Most merchants prohibit you from selling CBD via their merchant account and most merchant accounts that do allow CBD sales charge substantially higher rates. From what I have heard, going through this process is a real pain in the you know what.
The laws concerning the consumption and sale of cannabis and related products such as CBD and hemp oils in several states in the US are undergoing a drastic change. Despite the legalization, many merchant account providers are reluctant to place an approval for these High-Risk Merchants of CBD, as they fear there would be another change perhaps soon.
# 6: No Need for Employees
Employees are a blessing and a curse, depending on who you ask. Many CBD businesses require you to hire others to help you grow and scale your business. This means you have to go through a lengthy hiring process, provide insurance and benefits, deal with time off and vacations, employee theft and much more. With HB Naturals, you don’t need a single employee.
Labor costs, which can account for as much as 70% of total business costs, include employee wages, benefits, payroll or other related taxes. And the cost of employee benefits, which can account for up to 30 percent of overall labor costs, are a significant expense as well. It’s understandable that companies are looking to reduce their labor spending and total benefits costs.
# 7: No Product Development
If you plan on developing your own CBD products, rather than private labeling them, you will need to invest money in the product development, manufacturing, researching and testing. This is a substantial investment, normally $1 million or more.
To develop a successful new product is not an easy game. One has to make lots of decision and exercise to minimize the rate of failure. There are a large number of factors that result in failure of product development such as, shortage of new ideas, long time period, high cost developing, fragmented or small market, etc.
# 8: Generous Commissions
When you own a traditional business selling CBD, and you sell a product for $100 that cost you $50 to buy, you do not make $50 profit. Why? Because you have significant overhead with the other things we mentioned in this post: employees, insurance, advertising, lease, etc. With HB Naturals you earn 20 to 50 percent commissions on everyone you refer and you get paid instantly.
It sure has changed my life and the lives of so many of my amazing hard working teammates!
HBN has HIGH quality products that I am proud to share with others, I have an amazing, hard-working team who I, and the company has the BEST pay plan out there! I don’t like to talk about money as this job isn’t about the money to me, but let’s be honest, money makes life nicer and it sure feels good to be able to create future security.
I normally don’t show my pay, but I want to show you all that there is real opportunity to earn money here with HBN. This is what I’ve earned so far since end of August 30, 2018 – $25,772.40. And this is what I’ve earned in previous company (I was with for almost a year) $15,840 the numbers say it all!”
# 9: No Accounts Receivable
Most businesses have an accounts receivable. This means they deliver their goods BEFORE they get paid. It also means their money is tied up for a lengthy period of time. And they HOPE their customers will pay within 30 to 90-days, even though there is no guarantee that will happen. With HB Naturals, you get paid instantly. There is no waiting period and there is no accounts receivable.
In addition to the great products, HB Naturals also has an amazing compensation plan. The company pays you in 7 different ways…you can actually earn in 2 of the 7 ways without any personal product purchase…and get paid instantly. I think this is really unique in the network marketing industry.
# 10: Systems
The key to success in any business is SYSTEMS. When a business is people dependent it is bound to fail. On the other hand, when a business is systems dependent, it has a much higher success rate. Think McDonald’s. With HB Naturals, you are in business for yourself but not by yourself. You get a free coach and you get access to training and lead generation systems free of charge.
I’m a regular, stay home dad with four kids. I’ve joined HB Vitality team to supplement my income. I’m grateful I did. Their support is high level and the products are high-level. They have built a unique platform that gives people a realistic way to become to truly work from home… work anywhere, even just a mobile device, aka Mobilepreneur 🙂
This tip is the most important consideration on this list and it’s often overlooked. Many entrepreneurs fall in love with a product or service, but they do not know how to sell it. You can have the best CBD product in the world, but if you don’t know how to sell it, you are doomed.
Quite perhaps the most important reason to consider HB Naturals, and why I believe it is the best CBD Oil Business is because you can develop a large sales force of independent contractors. It’s not just you selling the CBD products.
You have the ability to build up a team of salespeople, hundreds, even thousands of people. Everyone uses the product themselves and they service one or two customers. In return, you earn an override or commission from all of these people. Basically, it’s a lot of people each doing a little bit, rather than one person doing a lot.
In review, I believe HB Naturals is the best CBD Oil business. I think it offers unlimited opportunity and does not have any of the regular barriers of entry that a traditional CBD business would have.
What are your thoughts? Leave a comment below and let me know what you think. I look forward to hearing from you.
Join HB Naturals
You can click on the button below to learn more about HB Naturals. You can take a free tour and see if this is a good fit for you.