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- 1 The Right Time To Make Money Selling CBD Oil Is Now
- 2 Ways To Sell CBD Oils Online
- 3 How To Find Product To Promote
- 4 How Much Money Can You Make Selling CBD Oil Online?
- 5 Best Way To Get Started!
- 6 Related Posts
- 7 Somaderm Gel Reviews [Is NewULife HGH A Scam?]
- 8 Wealthy Affiliate Black Friday 2019 and Cyber Monday Special
- 9 HempWorx Review [Another MLM Pyramid Scam or Legit?]
Now is the right time to find out how to make money selling CBD Oil online.
It is legal to sell CBD products online in all 50 states of the US as long as the oil is sourced from industrial hemp and the THC content is below 0.3%.
THC (tetrahydrocannabinol) is the stuff that gives 'POT HEADS' the high they like and IS NOT contained in CBD (Cannabidiol).
A variety of CBD products have hit the market in the last 18 months or so, and they come in different shapes and forms.
Consumers, knowing already about the positive health effects of CBD Oils, buying Cremes, Capsules, Pills, Gummies, Brownies, Bath Bombs and even Inhalers.
And now is the time to jump on the 'hemp oil bandwagon' and make money with this opportunity. So, hang with me for a bit and I show you how to sell cbd online.
The Right Time To Make Money Selling CBD Oil Is Now
Legalization of hemp products was over due and embraced by eager consumers. Take a look at the retail estimates for the next 4 years.
Obviously, the market potential is staggering. In addition, more and more people understand that you can't get high from hemp, CBD hemp oil or CBD products.
And slowly, but surely, the health benefits from using hemp products are being acknowledged and accepted by our medical establishment.
And last but not least, the CBD Market is still in its infancy and has only scratched the volume of potential long term customers.
After careful consideration, you've decided to make money by selling CBD Oil products. Let's take a look at what it takes to get started and up and running as fast as possible.
Ways To Sell CBD Oils Online
There are different ways to sell stuff online and I am going to give you a quick overview:
Selling CBD Oils With eCommerce Shop
You can set-up an eCommence store with Shopify or Bigcommerce, They provide you with pre-build online storefronts that can be personalized and populated with any product offers you wish. That also includes a payment processor accepting a variety of credit cards and PayPal or Wallet.
The cost for your online store starts at about $30 per month. This is based on the number of products you carry and how many transactions are being processed.
Shipping the product will be your responsibility, as will be the handling of product returns. Of course, this requires to purchase product and keep inventory on hand to guarantee timely delivery to your customers.
Joining an MLM Pyramid To Sell CBD Oils Online
As soon as the sale of CBD products derived from hemp was legalized in the State of Utah, Hempworx started operating its Multi Level Marketing pyramid.
Avon, Mary Kay and Amway may be the most popular MLMs, but there are a myriad of companies out there using this business model to sell their products.
However, there are some big problems with MLM that need to be brought to your attention.
- When you sign-up as independent contractor, you MUST sign a 'standing order' for a certain amount of product, also called 'auto-ship' program. If you decline, you will NOT qualify for certain commissions
- You will have to recruit new members to build your down line for recurring commissions
- Retail sales are only a very small percentage of your commissions
- The products are way over priced
- Less than 2% of participating members make money, and that's a proven fact
MLM is definitely not the way to go...you want to MAKE money, not lose it, right?
That brings me to the best way how to make money selling CBD OIL Online
Affiliate Marketing - Best Way To Sell CBD Oil Online
The concept of Affiliate Marketing is pretty simple:
The Affiliate Marketer promotes the products or service of a merchant or provider, and receives commission if a sale is consummated.
Below are some of the benefits using Affiliate Marketing to promote CBD Oil products:
However, what I like best about Affiliate Marketing is the fact that you are totally in control of all aspects of your business. You are NOT stuck with a certain product or merchant, and you can promote as many different brands as you like.
You are able to create your own email list, and target the subscribers with different product offers.
How exactly is that working, you ask? Well, there are 4 simple steps ...
- Pick a Niche - already done because our Niche is CBD Oil
- Determine your method of promoting product (Landing Page or Website)
- Generate Traffic
- Broker Sales, earn commissions
We can put a check mark behind step 1, but let's find out what we actually have to do still.
Landing Page vs Website
Usually, a Landing Page, aka squeeze page, is used when email marketing is the vehicle to promote product. This requires that the advertiser has a huge list of potential customers. If you don't have a list, you can promote your product by using other people's email lists by buying Solo Ads.
Another way to drive traffic to that landing page is Pay Per Click (PPC) advertising or paying for Facebook Ads. However, these methods are very expensive and cannot be recommended.
A much better, albeit slower way to drive targeted traffic to your product offers is via your OWN Website.
First of all, you will be 100% in charge of your business. And secondly, you are not limited in the ways to generate traffic. You own site gives you the ability to generate a lot of FREE and targeted traffic from people's web searches.
Let me give you just one example.
I did a keyword search 'where to buy cbd oil' and the result shows that there are 8,300 searches per month with exactly this phrase on the internet. It also shows that you can expect 1,403 visits per month IF an article or blog with this title ranks on page 1 in Google search result.
That's FREE traffic of 1,400 potential buyers of the products you promote.
That makes it obvious that the best way to make money selling CBD oil online is with Affiliate Marketing and your own website.
You've decided on your Niche and chose to go the Affiliate Marketing way with your own website. While you are busy learning the trade and building your site, you also must decide on the products to promote.
How To Find Product To Promote
There is no shortage of merchants with lots of products. Some of them have their own Affiliate Program, others use one of the large Affiliate Networks. I even found help full information on how to start a cbd oil business on a couple of merchant sites.
Affiliate Networks
Here are the links to affiliate networks that handle the process for merchants
Below is a list of merchants that maintain their own affiliate programs
Up To 30% Commissions
up to 40% commissions
20% commissions
30% commissions
10-20% commissions
What About Amazon?
Amazon carries a large assortment of CBD Oil products. They pay the lowest percentage on commissions, from 1% to 8%. However, applying is simple, and affiliates profit from 'side ways' commissions; that is when a customer clicks on your CBD Oil link and buys a computer, you still receive commissions.
How Much Money Can You Make Selling CBD Oil Online?
To be honest, a prognosis is difficult to make. It depends on several factors:
For instance, understand that you create a business and treat it as such. It's not a hobby but work.
Be willing to LEARN Affiliate Marketing and that includes:
- build a Website
- add quality content
- learn SEO
- get involved in at least 2 Social Media platforms (Facebook, LinkedIn, Instagram etc.)
I always like to say 'from nothing comes nothing!', meaning that it takes to put something of value in to get something of value out.
Put in Effort and Work, take out Earned Commissions
Best Way To Get Started!
I understand that the prospect of starting an online business from scratch is challenging and scary.
However, the CBD industry is booming and forecasts estimate a market volume of $20 Billion by the year 2021. Opportunities like that don't come too often and you may not want to miss out. Let me show you the way to 'jump on the band wagon' and get YOUR share of a very large affiliate commission pie.
Click on this link and take a look at a website that promotes Hemp derived CBA products. And you can own a site like it yourself when you decide to follow my path and let Wealthy Affiliate show you how to become a successful affiliate marketer.
Make A Full Time Income Without A Boss
Or A 9-To-5 Job!
Hi, I am John and I've been making a full time income ONLINE since 2013, and you can too!
Start your Affiliate Marketing Business TODAY and learn the exact business model and strategies that will earn you a 5-figure monthly PASSIVE INCOME!
I invite you to a complete walk-through to see how we can help you build AND grow a successful ONLINE business! It's 100% FREE to get started!
Come on in, and I will guide you through the process of building your own online business.
Thanks for stopping by
John Worthy
Stacie
Interesting Article and I am definitely trying this. You mentioned Wealthy Affiliate is a good place to get started. How long will it take to see some money coming in?
John Worthy
Thanks for your comment. I am being asked that a lot and it depends on different factors. How much time and effort can you put in is one important thing. Another is the niche and the competition you will be facing. But give it a try, you don’t have nothing to lose because the starter membership is free.