Tips for CBD Oil Marketing and Sales

July 1, 2019 | Merchants | PayKings

CBD oil is a huge market, one which is estimated to rise to around $2.1 billion by 2020. If you want a piece of the action, now is the time to get your foot in your door. There are plenty of chances to make big bucks selling CBD oil products to consumers, online and offline, but once you jump in, here’s what you will need to know.

01. Selling CBD Oil Online vs. Offline

There are two methods to sell CBD oil and other hemp-based products. Firms like CBD Giants market their products online, but if you would like to construct a local business, starting a retail shop might work better for you.

The main benefit of selling on the internet is that it is cheaper. Launching a retail business costs significantly more money upfront than building and maintaining a website. On top of that, starting any business is risky. If the company fails, you will lose the money that you spent in that enterprise. Because of this, many prospective CBD retailers start off with an online store and then open a retail shop when the brand is well established.

The most important advantage of launching a retail store is that customers can see your merchandise and ask questions up front. This helps to put their minds at ease. Also you are able to stock a wider range of CBD oil products in your inventory. For example, if you open a pet store, you are able to sell CBD oil goods, especially for pets. CBD oil products work well as part of a larger wellness group.

Whether you decide to go the online or the retail route, you will need to look into payment processing solutions to accept credit card payments. Since the CBD oil industry is considered high risk, you will need to seek a payment processor and payment gateway to approve your CBD oil merchant account. If you’re looking for one, you’re in the right place. Click here to apply for a free quote for your high risk merchant account.