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Making Huge Money Selling Something As Small As a Lip Balm!
You recently lost your job and spent weeks or months applying all over town to try and find an even better job than your last one. Slowly, reality kicks in and you start looking for any job, even one you hate, with the sole intention of finding something to pay the bills. As the situation becomes more and more frustrating, you slowly start looking at creative ways to make money from home. You start by looking for something with easy entry and huge upside. You are considering flipping the house and selling items on eBay. You do some research and soon find that you are not alone. Literally thousands of people are in your same shoes and are looking at those ventures they have seen or heard success stories from. You know the one…the little old lady who made thousands selling beanie babies she found at a garage sale or the 18 year old who made 150k his first house. However, the reality is that the vast majority of eBay sellers or house flippers are not making the money they thought possible. In fact, most of them make very little, if anything because the competition is fierce and the experts take the biggest piece of the profit pie. That brings you to this article!
In an economy like the one we are in now, creativity is a must. Get rich quick schemes that actually work are rare at best. Getting ahead in today’s economy requires creativity, a good business plan and the will to make it work. Our answer… LIP BALM! You hear names like Chapstick and Burts Bees and your mind immediately turns to the little stick that moisturizes your lips and fits easily in your pocket. The average person never mentions the huge profits that can be made from such a small item, but in this article we intend to open your eyes. We aim to outline a number of basic ideas that can turn that little stick into huge profits. Please keep in mind, all of the ideas below are based on buying Bulk or Custom Lip Balm from a company like Bulk Apothecary or one of the other dozens of lip balm manufacturers in the US.
1. One great way to make it big in the lip market is to create your own custom lip balm line and sell it the same way as Burts Bees or Chapstick. Burts Bees is the classic example of how someone turned a small idea into big profits. They started slow with the simple peppermint balm you know and love. They started selling it all over town. Slowly they built a loyal following and eventually with some added skus had a company worth over $900 million (according to the Clorox purchase price a few years ago). Not bad for something that gained momentum from a stick of lip balm. Now while this is the dream scenario, there are thousands of businesses doing the same thing on a smaller scale and making a fantastic living out of it. All you need is a good idea, a cute label and you’re in business. Go to smaller retailers and try to get them to carry your newly formed product line. After all, this is how thousands of people start their own product line and is a simple recipe for success.
2. Another great way is to buy Unlabeled Lip Balm from the web and start your own party/wedding favor business. You can currently buy unlabeled product from companies like Bulk Apothecary for .28 per unit. You pick up a small amount of inventory, get a nice printer and some printable labels from an office supply store and you’re open for business. Most custom lip balms sell online for anywhere from .60 per unit to 2.00 per unit. A hefty profit for something with such low start-up costs and easy entry. Not to mention advertising on Facebook or other social networking sites is all you need to really build a successful business. Plus, since most people will buy 100-500 pieces at a time, the volumes can add up really quickly. So can the profits!
3. The last way may sound the craziest of all. Sell yourself online as a lip balm distributor or manufacturer and sell to other companies looking to make money selling your product. Companies like Bulk Apothecary sell their unlabeled lip balm for as little as .19 per unit in very large quantities. There are thousands of customers who use lip balm for all kinds of reasons. Whether they have their own brand, have a small custom lip balm website or even if they are their own label manufacturer but don’t have the equipment to make their own lip balm. Whatever the case, at .19 per unit there is plenty of room to buy in bulk and market yourself as a huge distributor/manufacturer of these tiny little money sticks.
The ideas mentioned above are just a few ideas to stimulate your creativity. There are countless ways to make money with something as small and cheap as a Chap Stick and all it takes is a little ingenuity and some hard work. With any luck, you could be the next lip balm mega-seller. The one thing to keep in mind is try to do something that most people don’t think of. Flipping houses might sound more glamorous, but believe me, there is more money to be made in lip balm if you find your niche.
Danny Pellegrino is the Vice President of Bulk Apothecary and a long time veteran of the custom chapstick industry. We are currently private label lip balm for some of the biggest names in the industry and pride ourselves on offering the absolute best quality and prices anywhere!
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