Turning Wholesale Food Supplements Into Profit
Selling food supplements online for profit is a great way to create a solid side business with steady revenue. There’s very little overhead. What’s good about wholesale food supplements is that there’s such a big variety of products to choose from. Food supplements come in many forms from natural oils and capsules, to organic powders and tablets. Consumers take food supplements for different reasons. They have different needs concerning the type of product they choose that can offer support for their nutritional requirements.
Health Benefits Provided In Selling Food Supplements
Before we get into the profitability of food supplement products, there’s a big question that needs to be answered. What exactly are food supplements? And why is there a need for them?
Simply put, food supplements are usually non-prescribed nutrients such as vitamins, enzymes and minerals that you may lack from your regular diet. Food supplements are especially helpful for those who suffer from ailments such as allergies which can make some nutritious foods off limit. Other reasons why food supplements can be necessary to take include vitamin deficiency. There’s a host of other issues which cause a deficit in the nutrition the body needs.
Supplements can and do help you get adequate amounts of nutrition for your body. They’re quite beneficial to overall health. Good examples are the benefits that are derived from taking such supplements as calcium or vitamin D. Both are important to maintaining bone strength and reducing bone loss. Fish oils have been demonstrated to help people with heart disease and high blood pressure. Here’s a few more:
- Vitamin K helps reduce blood thinning which aids blood in clotting.
- John’s wort acts as a strong antidepressant. Known to promote healing and repair of wounds.
- Vitamin C is considered a powerful antioxidant that can fight a host of chronic ailments among other benefits.
Here’s a makeup of primary ingredients found in today’s food supplements:
- Botanicals
- Vitamins
- Minerals
- Amino Acids
- Enzymes
Here’s the primary forms of food supplements manufactured for consumption:
- Tablets
- Capsules
- Powder
- Liquids
- Soft Gels
- Gel Caps
Selling Food Supplements: There’s Gold In Those Hills
The majority of adult consumers in the U.S., take at least one or more food supplement a day or on occasion. So it’s no surprise that according to a study published by Grand View Research, the market size for food supplements are expected to reach $278.02 billion by 2024. Selling food supplements is big business. However, what’s interesting is the market segments. And how they can substantially contribute to your supplements business.
Vitamin supplements have performed especially impressive on the market front. That’s not slated to let up. Market revenue for 2018, easily surpassed $50 billion. Target market included sports-related supplements and food supplements for older adults. Ailments such as muscle deterioration and healthy joint maintenance are predicted to have a strong impact on future profit gains.
Pregnant women also make up a sizable target market of consumers spending over $12.55 billion in food supplement purchases over the last year. The increasing importance of folic acid type supplements for fetal development has spurred on a key market trend for this product.
But wholesale food supplements in the tablet form dominate sales forecasts. The product is expected to generate a massive revenue of about $100 billion by 2025.
Here’s another contributing factor that’s helped increase the food supplement market share. Over the last few decades the high percentage of fast foods consumed by Americans coupled with sedentary lifestyles has led to a marked increase in heart conditions, diabetes and obesity. Individuals with higher expendable incomes have turned to food supplements to help support them in maintaining healthier lifestyles as alternatives to medically prescribed drugs.
What Does All This Mean To A Food Supplement Reseller?
Good business. For starters, first-time customers who purchase organic and natural food supplements, will more than likely turn into repeat customers. When it comes to products like food supplements, consumers tend to purchase from the same source again and again. Repeat business means low marketing costs. The added bonus of “one-click” shopping can eventually turn your web site into the “go to” spot for all of your customer’s food supplement needs.
A Word about Food Supplements and Federal Regulation
While wholesale food supplements are an excellent way to create a thriving online reseller business, there are some things to keep in mind:
Food supplements are products that are intended to supplement diet. They are not drugs and therefore should never be endorsed to treat, diagnose, prevent or cure diseases.
Unlike over-the-counter drugs, food supplements do not require pre-market approval by the Food and Drug Administration (FDA.)
The federal government can take action against you and your web sites that sell food supplements. That is, if the manufacturers of the food supplements you sell online make dishonest and deceptive claims about their products. This is exceptionally so if the products are promoted as any kind of cure for diseases. Or, if the products themselves are unsafe.
The great news is, all of the natural and organic food supplement products inventoried with GreenDropShip follow stringent guidelines issued by the FDA on labeling and any health-related promises. This is important for potential resellers to take note. Not all manufacturers and sellers of food supplement products can make this claim. If not careful, can put you, the reseller, into a potential bind with federal regulations.
The moral here is that as a reseller you need to be extra diligent when selecting a wholesale food supplements supplier for your online retail business. Not only should they have a broad selection of organic and natural food supplement products, they should also have products that respect FDA guidelines and provide proper health endorsements.
Selling Food Supplements With The Dropship Method
Check out GreenDropShip for reselling possibilities with our vast array of outstanding natural and organic food supplement products. We offer products in most supplement forms providing you with an impressive selection for your online retail business. Remember, there’s no upfront inventory that you need to provide. Our dropshipping services will deliver to your customers quickly and without delay. Fact is, we’ve got you covered. Check out GreenDropShip today for membership details.