Everyone should explore the private label industry as a possible profit center. I've been working a private label concept since I realized that in order to make the lion's share of $$$, you have to BE the company. Most companies will manufacture a product for you at extremely low prices and put your name on it. These companies generally have a blanket insurance plan to cover your products as well, which makes a good deal for you. That's the private label business.
I have been selling a private label product for the past 2 years for diabetics. I name the product DIAMAX, maxiumum nutrition for diabetics. I get the product at about $6.00 per bottle and I sell it for $39. I make a whopping $33 per bottle for the ones I sell personally. I also have distributors (not MLM) who sell Diamax. They make $10 per bottle and I make $23 from their efforts. I have one lady who owns an optician shop who constantly sell about 25 bottles a month to her clients.
Secret: I set up a toll free number and pay high schoolers to put out flyers and small ads in free news papers. WHen people call, they are directed to one of my distributors who own stores. If the customer wants it bad enough, they go down to the store and make the purchase. It's really easy. Right now, it generates about $1,300/month consistently. Sometimes more...sometimes a little less. But.... it's money I don't have to work for. Customers either want it or they don't.
If you want to hear my 800#, send me an e-mail and I will get the number to you.
I have my products private labeled through:
www.nowfoods.com
Ask to speak with Lyn in private labelling.
Have you ever seen the medical discount cards? You guessed it, you can start your own deal easily through private labeling. All you have to do is contact:
www.newbenefits.com
These are the guys who do private label for Ameriplan, Medcore, Probenefits, and 95% of the other companies. Yes... Care entre' too!
Wev've been seeling a discount program (We named our card Onecare) for about 3 years now as a door opener for life insurance, etc.
Creating profit centers is simply imagination and action. You can't have one without the other to be successful.
Vondre'
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