Want To Start Your Own Sports Nutrition Business? Here’s How You Can Do It
If you have a passion for health and fitness and know everything there is to know about nutrition, you could monetize this passion and expertise by launching your very own line of supplements.
This could be anything from protein shakes and bars to specific supplements, or pre-packaged drinks.
Many smaller niches beg to be discovered as well. While the market has become more accessible over the years, you still have to come in with a plan and know what to expect. Let’s take a look at how you can start your own sports supplement business from scratch.
Find The Right Niche
The very first thing you have to do is find a niche that works. You can either decide to go with a tested niche with lots of competitors, like your typical protein supplement, or go for something a bit more obscure.
If there’s a new ingredient that is not as well known but has lots of potentials, you could use that as part of your marketing. Or you could put a spin on something that already works but focus on a more specific sub-niche, like organic or plant-based products, for instance.
Choose The Proper Business Model
You also have to choose which type of model you’re going to use. You can manufacture everything from scratch, but that’s a lot of money and unless you have hundreds of thousands to invest, you’ll have a hard time there.
You also have to decide if you’re going to sell it through retail stores or eCommerce.
One of the easiest ways to have your own product is to go with a private label manufacturer. They will handle everything from the regulations to the formulation, to nutritional information. You’ll then be able to use their product and put your packaging and branding on it. This brings us to our next point.
Start Looking At Packaging Options
It would also be wise to start looking at packaging options, their costs, and some of their pros and cons. Here, we would suggest that you give flexible packaging a closer look. If you want to know why sports nutrition companies choose flexible packaging pouches, it has a lot to do with logistics and costs.
Flexible packaging is easy to pack and allows manufacturers to ship more items per shipment, reducing their overall costs. They also help prevent spoilage, extend shelf life, and look great. Not to mention that they’re extremely cheap to produce and can be ordered on demand.
Now it’s time to go out and sell your product. There are many ways you can do this. If you decide to go the eCommerce route, YouTube ads are an option you should consider.
Having a channel to go with it and acting as a front person could also help if you have genuine expertise and a great camera presence.
For offline marketing, sponsorships or creating special events are both great ways to build awareness.
Virtually anyone can have a sports nutrition business nowadays, but only a handful succeed. Have a solid plan and be ready to compete if you want to have a chance at being successful.
Last Updated on August 13, 2021