If you’re anything like us at The Golden Monk, your love for Kratom knows no bounds. That’s how we got into this business, and we know the same is true for most reputable Kratom vendors. There’s a lot of competition, but there’s also a huge number of consumers looking for high quality products. With this in mind, here’s a guide to how to become a Kratom vendor, along with a few cautionary notes to help you decide if this is truly the business for you.
Many new Kratom vendors get their start by partnering with a bigger company. For example, the Kratom Home Delivery Network and Kratomnesia both provide franchise-like opportunities that go underneath their brand names. Of course, that puts you into an even heavier competition with others within the applicable network, and it also prevents you from making a real name for yourself.
Alternatively, there are some vendors that offer distribution deals. New Leaf is one example, and they give each authorized distributor access to an exclusive territory. This still strongly connects your Kratom business with another company’s name, though, so you need to carefully consider what your overall goal is.
Whether you decide to sell underneath an established brand or start a new Kratom business from scratch, you must protect your legal interests. Every Kratom sales website needs to list legal disclaimers, and you should also be very careful about how you describe your products. Don’t forget that some states have very strict labeling regulations. You must adhere to those rules if you want to ship products to consumers in that area.
It’s wise to consult with a business attorney who is experienced with Kratom and other sellable goods that are considered to be “at-risk products.”
What will you do if Kratom suddenly becomes illegal in your state or, perish the thought, nationwide? Have a plan in place to become compliant right away. Be sure to put some money aside for unexpected expenses and legal complaints. Also, find multiple ways to accept consumer payments because many credit card processing companies will not work with Kratom websites.
Are you going to sell another company’s products? Contract with a source who can provide extra services if you sell a certain amount a month.? For instance Kratom Home Delivery Club will build you your own website if you sell at least two kilos of Kratom with them. Or perhaps you want to grow your own Kratom on your property? There are tons of options in finding your source, and what we’ve discussed here just scratches the surface. There are different steps to take for all of these options, so consider them carefully, weigh your options and choose the most viable source.
After researching sources for Kratom, you may find out that you want to want to cut out the middleman. In that case, you’ll want to grow your own Kratom. So, if can provide the right growing environment that takes into account that Kratom originates from a sultry area of the world. In other words, your plants will thrive in a warm climate with drench-like situations. If you meet those requirements, also make sure you have the space and know-how to make it work. More importantly, be sure to double-check that you’re legally able to grow Kratom in your state, county, and city before taking on this project. Do all that, and you just might have a leg up on other Kratom start ups that are hunting for sources.
You have to be competitive with sites that charge ridiculously low prices, but that doesn’t mean you have to outright match them if you can prove that your Kratom is higher quality. Most consumers are willing to pay a bit more for a good product. Always seek a profit, but don’t bump your prices up by too much before you build a good reputation. Otherwise, your Kratom business could fail quickly.
Whether you are going to become a Kratom vendor or decide ultimately to order your Kratom source from others, you can benefit from researching top notch vendors. What’s more, you can read our expansive list of some of the best Kratom vendors in the business here.