Supplement manufacturing is a billion-dollar industry. It’s popular because more consumers are looking to purchase supplements like vitamins to improve their health and wellbeing. Thousands want to get into this industry because they believe they have a viable product to offer the average consumer. What’s more, they want to make money. It’s a smart idea – if you’ve got what consumers want – and can be very profitable too. However, do you know the true cost of supplement manufacturing?
A Big Investment Is Needed
You can’t start with zero in this industry. If you want to become one of the world’s best supplement manufacturers, you’ll need serious investment behind you. That doesn’t necessarily mean you need dozens of backers but rather enough capital to get your manufacturing off the ground. Remember, you have to consider manufacturing equipment, as well as a safe warehouse to manufacture. Then, you have to market the product, get insurance and FDA approval, create product labels, build a website, and much more. You’ll need thousands to start. Some say at least $10,000 is needed, although many start with as little as $5,000. Check here!
Quality Ingredients Are Expensive
Manufacturers can go one of two ways; they can either opt for high-quality ingredients for their supplements … Read the rest >>