Businessing Magazine Logo Businessing Magazine Logo

Entrepreneurship and the 2018 Farm Bill

Entrepreneurship and the 2018 Farm Bill

Entrepreneurs create businesses for a wide variety of reasons. One of the most prominent reasons involves capitalizing on an untapped market. In the late 1990s, new companies were created seemingly every few minutes to capitalize on the dot com boom. Products commonly purchased in stores, such as private label supplements were available online for the first time. Winners in this arena were the first to find a niche online and have prospered since. Nowadays, the newest business craze involves CBD products after the passage of the 2018 Farm Bill. While the details are still being ironed out, small CBD manufacturers are looking to succeed before the big players enter the market. By using social media, many of these local manufacturers are growing steadily. 

Offering First-Time Purchase Discounts 

When viewing the social media accounts for these CBD businesses, you will most likely come across a wide variety of promotions. There are many different brands to choose from, and to create an impulse for consumers, CBD manufacturers generate first-time purchase codes. Individuals who are new to this landscape will most likely select the organization which offers the best discount and these promotional codes are a great way to draw new customers in. Utilizing these promotional codes is an excellent way to leverage engagement on social media platforms and transform these interactions into sales. 

Posting Images of CBD Products 

Whether the CBD manufacturer is providing an extract or a topical product, consumers want to see the best representation of these products. Since countless entrepreneurs are looking to enter this space, CBD businesses must provide professional imagery. Creative images will undoubtedly garner attention and differentiate brands from the competition. While the products provided are important, initial engagement with customers will come from how they perceive your brand. Showcasing high-quality images on social media accounts is a great place to start. 

Running Contests for CBD Enthusiasts 

Social media contests are an excellent way for CBD manufacturers to create repeat customers. Depending on the types of products offered, these companies can reward consumers for taking creative pictures with products. These types of contests often lead to brand ambassador relationships with dedicated members of your community. By using these contests to attract brand ambassadors, your CBD business will extend its reach to more networks and demographics through the ambassador’s connections and followers. CBD consumers are incredibly passionate about the medicinal benefits and are usually eager to share these findings with others. Word-of-mouth is vital for every business, and this is especially true for new industries. 

Announcing Informative Events 

When the topic of cannabis is brought up, it is commonly associated with the THC cannabinoid. THC is the cannabinoid in marijuana which is responsible for the controversial psychoactive effects experienced by many. CBD or cannabidiol does not induce this effect on users and provides a host of medicinal benefits. CBD manufacturers can use social media to announce events based on educating new and existing consumers. Attendees will undoubtedly broadcast experiences to social media and share information with followers. 

Showcasing Authenticity 

Owning an online business creates an interesting dichotomy with customers. When conversing with people in person, it is wise to analyze body language to understand the intent. When online CBD businesses use social media, you can get an idea of what your hard-earned money is supporting. CBD communities often become familial in nature and information exchange occurs continuously. Owners of these businesses can live-stream particular aspects of the manufacturing process to give consumers an inside look. Live streaming through social media makes business slightly more human online and can help CBD businesses gain exposure. 

Online CBD businesses will continue to enter the marketplace over time. CBD manufacturers who use social media effectively are going to position themselves well for wide-spread adoption and acceptance of CBD products.  


short url:
https://bsng.us/7kj

by Albert Cooper // Albert Cooper is a professional blogger and SEO advisor. He writes articles to rank his clients' sites on Google. You can search his content from Google to using the keywords "author Albert cooper". He is also a content advisor and writer of many blogs like Bkreaders.com, bittbox.comhistoryandheadlines.com, peterleehc.com, ceoworld.biz, foodnhealth.org, businessingmag.com, and many other blogs. You can contact him on facebook.

Opinions expressed by contributors are their own.