[Planning] Top 5 Success Factors for CBD Brand Leaders
Top5 Success Factors for CBD Brand Leaders. The CBD industry has undoubtedly offered a fantastic opportunity for entrepreneurs to create exciting and successful new brands. These CBD business opportunities are plenty and has opened the door for others to follow suit from a number of top CBD brand leaders. But, these CBD brand leaders did not rise to the top on a whim. There are a number of success factors that have been taken into consideration when starting and operating a successful CBD business in a booming, yet competitive market. If you are beginning to consider starting your own CBD brand, it is crucial that you follow and implement the same success factors to thrive in the hemp and CBD industry.
In this episode of extrakTALKS, Dr. Jon and Randall Thompson discuss the top five success factors of CBD brand leaders. To dive into the world of CBD business opportunities these five factors are critical to create and maintain a profitable CBD business. These include: Getting investors involved early, Understanding the regulatory path, Choosing the right business partners, Creating your own advantageous nice in the market, and optimizing your digital marketing to shout your brand from the rooftops of the web. Listen in to learn how you can implement these five success factors into your new or existing CBD brand and see how your profitable your business can be in this exciting new market.
[03:48] – Top 5 Success Factors for CBD Brands
[04:20] – Survey Results
[07:26] – Get rich Quick, It’s Easy, Obviously…
[08:38] – #1 Get Investors Involved Early
[09:17] – The Investment
[14:55] – Why do you need the investor early?
[16:43] – Resources for you: Calculators: extraktlab.com/calculators
[18:40] – What the investor wants to know
[20:10] – What is the value in branding?
[23:00] – Who is your demographic?
[25:14] – Final Words
Stay up to date on our latest releases