Today, I want to share 6 ways to make money online with CBD. CBD is one of the HOTTEST niches online. It is extremely competitive, but if you can capture even a small piece of that market share, the sky is the limit. Before I share my different ideas, I’m going to take a moment or two and educate you about CBD.
What is CBD?
First off, I’m not a doctor or medical professional, or even a CBD expert. I’m just someone who is passionate about what CBD can do for ordinary people. Rather than try to write it in my own words, I’m just going to cite a source that explains what CBD is.
Cannabidiol is a popular natural remedy used for many common ailments.
Better known as CBD, it is one of the 104 chemical compounds known as cannabinoids found in the cannabis or marijuana plant, Cannabis sativa (1).
Tetrahydrocannabinol (THC) is the main psychoactive cannabinoid found in cannabis, and causes the sensation of getting “high” that’s often associated with marijuana. However, unlike THC, CBD is not psychoactive.
This quality makes CBD an appealing option for those who are looking for relief from pain and other symptoms without the mind-altering effects of marijuana or certain pharmaceutical drugs.
CBD oil is made by extracting CBD from the cannabis plant, then diluting it with a carrier oil like coconut or hemp seed oil.
Why Should You Promote CBD?
Let’s keep it real for a minute. People are sick. Chronic illness is at an all-time high. People are tired of taking prescription drugs. As a result, more and more people are looking for natural and alternative ways to look and feel good, on the inside and out. In today’s world, most people are open minded to natural remedies.
CBD is one of those products. I learned a long time ago to sell things people actually WANT to buy. CBD is something people WANT to buy. Because CBD is so popular, CBD Companies are springing up left and right to cash in on this demand!
CBD might not be mainstream yet, but it’s on its way there. By the time everyone you know is using CBD, you’ve missed the boat. Now is the time to make money online with CBD.
The Cannabidiol (CBD) Market is forecast to grow from USD 1.04 Billion in 2018 to USD 16.32 Billion by 2026, at a CAGR of 27.7%, during the forecast period. The market is primarily driven by the increase in the usage of cannabidiol (CBD) in medical application, supplements, beverages and skin care. ~ Source: GlobalNewsWire
You might not have been able to cash in on past trends such as the internet, Amazon, Smart Phones, Apple, or even Bitcoin, but you definitely do not want to miss out on CBD!
6 Ways to Make Money Online with CBD
In the paragraphs below, I’m going to share 6 ways to make money online with CBD. These are the first things that came to my mind as I started brainstorming ideas. I’m sure there are additional ways to make money online with CBD that I haven’t even considered.
# 1 Promote CBD Affiliate Products
You can go online and promote different CBD affiliate products. You could sell CBD Gummies, Drops, Sofgels, lotions, etc. You would earn a commission for selling these products. You could post your affiliate links on your blog, website, YouTube channel, banner ads, solo ads, social media and many other places online. Whenever someone makes a purchase through your affiliate link, you would earn a commission. It’s that simple.
Keep in mind it’s really important to promote a QUALITY CBD product.
Since you’re going to be building a business that recommends CBD oil products, the very first thing you must do is find products that you believe are of high quality.
With just a few Google searches, you can find reviews from various websites and individuals that will help you determine which CBD oil companies offer the best products to their customers.
When you’re looking at different products and companies, try to select at least 5 to 7 different companies whose products you would be willing to recommend. This will allow you to have a variety of different products and programs to choose from as you move forward with your business.
# 2 Create a YouTube Channel About CBD
Your next option is to create your own YouTube channel about CBD. You could provide educational and entertaining videos to engage your audience. You could review different CBD products. You could talk about the benefits of CBD, the myths about CBD, where CBD comes from and hundreds of other topics.
You could post Google Ads in your videos or you could promote different CBD affiliate products. Once you build up a following, you could even have companies pay you to review their CBD products. If you got really popular, you could even author your own books or starting doing coaching, consulting or seminars about CBD.
YouTube offers a ton of potential!
Every day, five billion YouTube videos are watched around the world. And they’re not just being watched — they’re being devoured. The average YouTube session by any one viewer is roughly 40 minutes, up 50% from the previous year, according to Omnicore.
As an advertiser on YouTube, you’re populating your YouTube channel with video advertisements made by you. The difference between YouTube ads and, say, TV commercials, is that you get to show YouTube ads to more specific and often more engaged audience segments. You’ll pay YouTube to host your ads on other, highly watched YouTube channels that appeal to the same viewership you’re targeting.
# 3 Private Label CBD Products
You could find a CBD manufacturer and private label your own CBD products. You could then create your own website to sell your products. The company you purchase your CBD products could even drop ship the items for you, so there isn’t anything for you to physically ship out yourself. You can’t sell CBD on Amazon yet, but I’m sure that will be an option in the near future.
White Label Liquid, Inc. (WLAB), is one of the leading one-stop manufacturing service providing premium custom-blended products containing hemp-derived CBD oil, once again breaking monthly sales records and bringing in over $1.3 million in revenues for its private-label CBD products and services. As the Company did the previous month, it recorded 300 percent-plus growth year-over-year as compared to May 2018, when WLAB brought in revenues of just around $400,000.
The numbers also represent a significant share of the growing CBD industry which experts at BDS Analytics and ArcView Market Research project will surpass $20 billion by 2024, a slight increase from the recent forecast made by New York-based investment bank Cowen & Co., which estimated that the market could pull in $15 billion by 2025.
# 4 Start a CBD Themed Blog or Website
Another option to make money online with CBD is to start your own blog or website. You could write different articles about CBD.
As you start to grow your traffic, you could recommend different CBD affiliate products. You could sell advertising to CBD Companies. You could review different CBD products. The options are endless. You could write about keywords like:
- The Benefits of CBD
- Myths About CBD
- Reasons to Take CBD
- Best CBD Products
- CBD Pet Treats
- CBD Lotions
- Top 5 CBD Products
- And hundreds of other topics…
Having an e-commerce website up and running is important if you want to maximize revenue opportunities. However, you need to make sure your website attracts users and turns them into paying customers. There are many sites in the CBD market that are simply unattractive and poorly optimized.
Many companies are too busy or too lazy to produce free content for their users. If you put together pieces that are useful for your target audience, it will help you build authority and generate traffic (which means more customers). These posts can even be used for your social media accounts if you plan on going down that path.
This service will teach you and help you to build a successful website.
# 5 Create Information Products About CBD
This is another great way to make money online with CBD. You could create reports, courses, eBooks, and other information products designed to teach people about the benefits of CBD. You could even promote different affiliate links within your information products.
Best of all, most of these information products cost you NOTHING to manufacture, which gives you HUGE profit margins. You could also create an affiliate program where other people could sell your information products for you, in exchange for a commission from the sale.
Once you’ve taken care of the legal nuances and have a great website ready to go, it’s time to establish your brand name (if you hadn’t started already). A great way to begin is to write pieces related to CBD and pitch them to other websites. Getting your name out there (not to mention valuable links back to your site) will help you build authority in the industry.
Another great way to get people visiting your site is through Google’s Pay Per Click (PPC) advertising. This can get expensive, so make sure you do your research before diving too deep into it. If done correctly, you can make money, boost brand awareness, and increase your customer base.
# 6 CBD Network Marketing
This is my favorite way to make money online with CBD. It’s what I do myself. While most people think of network marketing as bugging your friends and family, keeping a garage full of inventory, and doing home parties, you don’t have to do any of those things to build a successful network marketing business. I don’t!
I build my network marketing business online, just like an affiliate marketer does. The reason I chose to sell CBD via network marketing is the LEVERAGE. You can build up a team of hundreds, even thousands of people all who use the products and sell the products, and you can get a small commission from each person’s purchase and sale.
That’s in addition to what you sell yourself.
One person couldn’t possibly sell as much CBD products online as a team of people can do! All I do to promote my network marketing business and CBD products online is make videos, record podcasts, write articles, create YouTube videos and people come to me! If I can do it, so you can you!
Talk about a winning 1-2-3 combination! Take a free tour and see for yourself.
Benefits of Selling CBD Online
There are many benefits of running an online business that are not exclusive to selling CBD. In comparison to a retail storefront, an online store saves money in set-up and operational costs. After an initial a start-up fee, you have access to a broad audience. Customers who may not have found your retail business have access to your store and you can target your preferred audience (more on that later).
By becoming an online CBD oil distributor, you can cater to those who prefer to purchase CBD oil from the comfort of their own home. If CBD oil is not accepted near your place of residence or if you do not think CBD oil will sell well in your area, you still have access to other customers nationwide who are seeking CBD products.
The other benefit of selling CBD online is that you are giving people what they want. Rather than asking people to create a new spending habit or buy something they have no interest in, you are giving them what they are looking for.
There you have it folks. These are six ways to make money online with CBD. I hope you enjoyed the information. Which strategy listed above is your favorite and why? Leave a comment below to let me know what you think. I look forward to hearing from you.