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Selling Private Label Teeth Whitening Products: Best Business Idea Of 2020
Tired of your current income source? Looking for ways to make more money for yourself and your family? With so many business opportunities available in 2020, it is not so difficult to start your own business. In America alone, there were close to 30.2 million small businesses in 2018 (Source: sba.gov). In today’s world, becoming an entrepreneur is very easy.
What’s hard to figure out is which business idea is worth your time and effort. When choosing a new business, you must look for an opportunity that’s not only profitable now but also in the long run.
A business idea is great when it is less risky and still lets you achieve your financial and personal goals. One such business idea includes the sale of private label teeth whitening products.
What are Private Label Teeth Whitening Products?
Private label products are sold by a retailer under its brand name, but they are manufactured by a third party. If you sell private label teeth whitening products, the goods will have your name on it but it will be manufactured by someone else. As a retailer, you will specify everything about the product: ingredients, product formula, packaging, logo, etc. and ask the manufacturer to deliver it to your address.
Why are they a Big Business Opportunity?
1. Low Investment
The manufacturing cost is one of the biggest hurdles while setting up a new business. The cost of manufacturing quality teeth whitening products will include materials cost, labor cost, overheads, third-party compliance, packaging, freight and shipping duty, etc. It can run into several thousand dollars. However, the cost of setting up a private label brand is not very high. You need to find a wholesale teeth whitening products manufacturer. Discuss your product requirements and packaging details and that’s it. The manufacturer will produce the required quantities of products and ship them to you.
2. Low Risk
As your investment in the business is pretty low, your risks are reduced too. By choosing a reliable manufacturer, you lower the risk significantly. You will be assured of the quality of the products. So, make sure that you conduct thorough research before saying yes to any supplier. Check whether the company has required certifications to manufacture teeth whitening products. If you are choosing an American company, check for FDA registrations. An ISO certification will give you peace of mind.
3. Long-Term Growth
According to the AACD’s State of the Cosmetic Dentistry Industry Report of 2013, 40% of the respondents chose teeth whitening as one of the most frequently requested procedures. The 2013 report stated that 89% of the patients wanted cosmetic dentistry procedures to improve physical attractiveness/self-esteem. Even in the UK, a study by British Academy of Cosmetic Dentistry revealed that 99.7% respondents believed smile as an important social asset.
In recent years, the market for teeth whitening products has grown exponentially. Thanks to the growing dental hygiene awareness and increasing per capita income of developing countries, teeth whitening business is going to be booming all over the globe. This is the best time to start a business of private label teeth whitening products and establish yourself as a reliable brand in the industry.
4. The Perfect Add-On Product for your Business
If you are a dentist or you run a cosmetic surgery clinic, teeth whitening services can prove to be an additional source of income for your business. As you know, dental whitening procedures are very popular, you can get teeth whitening products branded under your name and use them to generate more business from your existing patients and clients. As the target market for dental products is very big (it includes everyone irrespective of gender and age), you will be able to generate more revenue if you use quality teeth whitening products.
5. No Formal Training Is Required
You must remember that selling private label teeth whitening products does not require you to be running a dental clinic. It is not essential to manage spas, salons or cosmetic surgery clinics to have a private label business in the teeth whitening industry. It is okay if you are not offering chair-side teeth whitening services. There are many at-home teeth whitening solutions and post-treatment products that can be sold easily.
You can sell dental whitening solutions online. You can create a separate section for teeth whitening products on your existing website or create a new website dedicated to the new business. Selling them on popular e-commerce platforms such as Amazon and eBay is also an option. You can even sell them at trade-shows and run kiosks at local shopping malls to generate more sales.
So, there you have it! Starting a private label teeth whitening business is not as intimidating or expensive as you think. By working with reliable and experienced teeth whitening products manufacturer, you can make the task easy, achievable and totally affordable.
If you are looking to sell products on Amazon, teeth whitening products such as teeth whitening kits, teeth whitening pens, LED whitening lights are definitely a good option. Choose a reliable private label whitening products supplier so that you can be assured of quality ingredients and formulation.
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