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Making Huge Money Selling Something As Small As a Lip Balm!
You recently lost your job and have been applying all over town for weeks or months trying to find and even better job than your last one. Slowly reality sets in and you start looking for any job, even one you hate, with the sole intention of finding something to help 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 a huge upside. You are considering flipping a house and selling items on eBay. You do your research and soon you find you are not alone. Literally thousands of people are in your same shoes and are looking at those businesses that they have seen or heard success stories about. You know the ones…the old lady who made thousands selling cute babies she found at a garage sale, or the 18 year old who made 150k flipping her first house. The reality, however, 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’re in right now, creativity is a must. Get rich quick plans that actually work are rare at best. Getting ahead in today’s economy requires creativity, a good business plan and the will to operate. Our answer…LIP BALM! You hear names like Chapstick and Burts Bees and your mind immediately focuses on the stick that moisturizes your lips and fits in your pocket. The average person never considers the huge profits that can be made from such a small item, but in this article we intend to open your eyes. We intend to outline some basic ideas that can turn that little stick into huge profits. Please keep in mind that all of the ideas below are based on buying Bulk or Custom Lip Balm from a company like Bulk Apothecary or any 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 market it just like 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 then with a few added shakes had a business worth over $900 million (based on Clorox’s purchase price a few years back). Not bad for something that gained momentum from a stick of lip balm. Now while this is the dream scenario, there are thousands of companies that are doing the same thing on a smaller scale and making an amazing living at it. You just need a good idea, a nice 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 collect 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 great deal for something with such a low start-up cost and ease of entry. Not to mention advertising on Facebook or other social networks 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 really add up quickly. So can the profits!
3. The last way might sound the craziest of all. Market yourself online as a lip balm distributor or manufacturer and sell to other companies who want to make money selling your product. Companies like Bulk Apothecary sell their off-label lip balm for as little as .19 per unit on 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 themselves are a private 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 remarket yourself as a huge distributor / manufacturer of these little money making rods.
The ideas listed above are just a few ideas to spark your creativity. There are countless ways to make money with something as small and inexpensive as a Chap Stick and all it takes is a little ingenuity and a little hard work. With any luck you could be the next lip balm mega winner. The one thing to keep in mind is to try to do something that most people don’t think about. 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 longtime veteran of the custom chapstick industry. We currently private label lip balm for some of the biggest names in the industry and pride ourselves on offering the best quality and prices anywhere!
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