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The following article was published in our article directory on January 23, 2019.
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How to Be a Successful CBD Retailer and Work from Home

Article Category: Business

Author Name: Cathie Wong

Can't stand the traffic and work stress? Have you ever thought of work from home? You know what, CBD retailing can be a pretty profitable option. Here's how you can get a lot of success from doing just that.

Put Up an LLC NOT a Sole Proprietorship
You should make your business legit. That means you should start a business especially if you want to create an online store that sells CBD products.
However, I do not recommend setting up a sole proprietorship when establishing a CBD business. I don't even recommend a partnership. There's a lot of risk involved and you may end up losing even your personal assets.
What I highly recommend is that you put up an LLC. That way, your liabilities in case things run afoul will be limited to the assets that you actually invested in the business – nothing more nothing less.

EIN and Tax ID
The next step is to get your tax ID or EIN from the IRS. All legit business should have one. The bank and the merchant account will not approve your CBD retail business without them.

Get a Merchant Account
You will need a high risk merchant account since many banks will not approve a business that is involved in the sale of Hemp and CBD products. Getting this account will help your cause.

True Blue Online Store
This is probably one of the most critical elements you need to have if you really want to work from home selling CBD or hemp products. Your site should also integrate not just a products page but also a secure payment system.
Now this is trickier than it looks. First off, you should ensure that your site hosting service supports the sale of CBD and hemp products. There have been entrepreneurs who ran their CBD online retail store for a few months only to have their store shutdown by the hosting service.
That means you need to call the web host's sales department. Mention specifically that you are going to setup a CBD online store. And ask specifically if doing that will violate any of the company's policies and your service agreement.

Find High Quality CBD Products
Finding quality and THC free CBD products will take some trial and error. There are many distributors that provide subpar products and that just won't work. Do your research – check the BBB for any reports about the supplier if you have to.

Find Local Partners and Promote Your Stuff Online
You can hire someone to do the SEO for you especially if you have no idea about site promotion. Your website should rank high in the search engine search results. This increases site awareness – i.e. more people know your business exists.
Another thing that you can do is to find local partners. This includes vape shops, local smoke shops, and local stores that sell CBD oil. You can promote their stores and you can even sell their products through your site and in return they can promote your online store to their clients. You should work out the profit sharing scheme along the way.

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