Tired of the same dead end job you go to everyday from 9 to 5? Are you a free spirit who wants to break free from the monotony?
Join the endless number of people who are sick of the same old thing day in and day out, who want to do something they actually enjoy and are passionate about.
Perhaps, though, just finding the time to enjoy life more would be something that interests you. By finding a way to generate residual income, you can create a better work-life balance to free up time while still having the funds to enjoy the finer things in life.
You can truly begin to take life into your own hands by having the extra money that investments can bring. One great way of establishing residual income is through the promotion of CBD oil.
Approaching the status of a $7 billion dollar industry, CBD oil is a rapidly growing and worldwide industry. One could say you are striking oil by a much greener method with cannabidiol.
We will compare the promotion of CBD oil to that of coffee shop investment, one more popular avenue of generating residual income.
Coffee Shop Investments: The Why
First, let’s see just why there is such a growth in the number of people investing in coffee shops. So if the ballpark status of becoming a $7 billion industry for CBD oil shocked you, wait until you see these stats for the coffee industry. You may want to sit down for this, it is a doozy.
The coffee market is a $90 billion industry. Excuse us as we go clean up the coffee we just spit out.
You read that correctly, $90 billion. While that is great and incredibly tempting, don’t try to run to sink in your entire life savings into opening up a corner coffee bistro.
The coffee industry as a whole is booming, so these numbers include the retail end of things such as buying beans and home brewing profits.
Keep in mind, too, that there are coffee shops popping up left and right. If you find one coffee shop while going down the street, odds are there are ten more before you reach your destination.
Not to mention, you have got some pretty stiff competition in big box brands that have all the money in the world, it seems (we won’t point any fingers at Tim Horton, Starbucks, or Dunkin Donuts here).
Sure you may be heated up to open a shop after seeing those numbers, but your brew is going to go cold if you plan to open a shop without doing some intense research ahead of time.
Starting a Coffee Shop: The Costs
You have usually got to spend money to make money, and opening up a coffee shop is no exception. In fact, opening a coffee shop tends to require quite a bit of bean money to get started.
You would have to consider these factors when estimating your cost of getting that French press ready for opening day:
- Fees, Regulations, and City and State Taxes
- Leasing, Rent, or the Mortgage for your building
- Overhead costs (Utilities)
- Licensing and Certifications for the building as well as the management
- Equipment
- Staffing costs, including training wages
- Shop type (Drive through, dine in, walk in only)
This all adds up to equal a lot of money down to get started. You will likely need to take out a loan for these costs, so you’ll begin your business with the debt from buying the place, but you’ll also have the added joy of being charged interest.
Finding those Prospective Sales
Perhaps the most difficult part about opening a business, coffee shops included, is predicting your profit margin based on the sales you expect to make.
Generally speaking, coffee shops are less expensive sources for expensive ingredients. Essentially, society has been groomed to want higher quality coffee for a lower price tag.
On an average basis, 1.5% of the people who pass a coffee shop while driving will stop and make a purchase. Take a busy city scenario for an example.
If there are around 20,000 people who pass by your coffee shop each day, you could expect roughly 300 stopping and buying something. Take an average expense of just $3.00 for each of those 300 people and here are the numbers you can start to see:
- $900 daily
- $6,300 weekly
- $25,200 monthly
- $302,400 annually
These look like great numbers, and you may be ready to sign on the dotted line now, but you have to keep in mind that this is with an average of 300 customers each day spending at least $3.00 on coffee. If you don’t have this projectable clientele, you may not come close to these numbers.
If you are in a bustling city where 300 daily customers is not a problem, you still have to calculate the overhead expenses, loan payments, employee wages, and other expenses.
With all of that, there is the potential that it would be quite a long time before the profits really begin to add up. Investing in opening a coffee shop is a lot of work, time, and money to make money when you could invest far less time and effort into making residual income in other ways.
CBD Oil as a Source for Earning Residual Income
Fewer upfront business costs will help you to get the most out of a residual income venture. This is why opening a coffee shop is far less profitable than promoting CBD oil. For starters, you have no added overhead expenses because you’re able to do all of the work from home.
Additionally, you won’t plunge into a deep well of debt over the startup costs with promoting CBD oil. You begin with joining a CBD wholesale program as a way to get a discount on CBD oil purchases.
Wholesale purchases where you buy in larger amounts will be awarded a significant cut in costs. Ultimately, they want to reward returning clients and want to entice you to be a returning client.
You in turn are also going to save money in shipping costs as you won’t be ordering as often, just in larger amounts when you do.
The more you buy, the more you save, so you could potentially get bottles of CBD oil for half the cost of retail market value. Let’s break down how this wholesale program works:
500mg CBD Oil Relief, Revive, Renew
- 50 Bottle Pack
- Cost: $38/bottle + $35 shipping (flat rate) = $1,935
- Minimal Retail Price: $69/bottle x 50 bottles = $3,450
- Minimal Profit Potential: $1,515
- 100 Bottle Pack
- Cost: $35/bottle + $45 shipping (flat rate) = $3,545
- Minimal Retail Price: $69/bottle X 100 bottles = $6,900
- Minimal Profit Potential: $3,355
- 250 Bottle Pack
- Cost: $30/bottle + $120 shipping (flat rate) = $7,620
- Minimal Retail Price: $69/bottle X 250 bottles = $17,250
- Minimal Profit Potential: $9,630
750mg CBD Oil Relief, Revive, Renew
- 50 Bottle Pack
- Cost: $48/bottle + $35 shipping (flat rate) = $2,435
- Minimal Retail Price: $89/bottle x 50 bottles = $4,450
- Minimal Profit Potential: $2,015
- 100 Bottle Pack
- Cost: $45/bottle + $45 shipping (flat rate) = $4,545
- Minimal Retail Price: $89/bottle X 100 bottles = $8,900
- Minimal Profit Potential: $4,355
- 250 Bottle Pack
- Cost: $40/bottle + $120 shipping (flat rate) = $10,120
- Minimal Retail Price: $69/bottle X 250 bottles = $22,250
- Minimal Profit Potential: $12,130
Pet Products
- 50 Bottle Pack
- Cost: $22/bottle + $45 shipping (flat rate) = $1,145
- Minimal Retail Price: $39/bottle x 50 bottles = $1,950
- Minimal Profit Potential: $805
- 100 Bottle Pack
- Cost: $20/bottle + $65 shipping (flat rate) = $2,065
- Minimal Retail Price: $39/bottle X 100 bottles = $3,900
- Minimal Profit Potential: $1,835
- 250 Bottle Pack
- Cost: $18/bottle + $120 shipping (flat rate) = $4,620
- Minimal Retail Price: $39/bottle X 250 bottles = $9,750
- Minimal Profit Potential: $5,130
So, Why Choose CBD Oil over a Coffee Shop?
As shown in the outline of the wholesale CBD Oil program, the largest investment you would ever make, if you choose, is $10,120.
At the other end of the scale, the least you could invest is $1,145. You’re able to pick and choose what works within your budget, plus the lower end of the investment scale sure beats buying an espresso machine.
You also will start to see profits nearly immediately; there is no wait for a return on your initial investment. You make the money by selling the product. You don’t have any debt and no overhead costs that you have to pay each and every month.
Added to those benefits, you’re also not sitting on a physical business and inventory that you could be stuck with if it doesn’t go well. The CBD wholesale takes care of the shipping and inventory for you, so you don’t have to mess with that part.
You actually never have to see the CBD oil. You just conduct the business as you wish and the rest is taken care of, without you ever having to get a huge shipment in to stare at until it’s sold.
Finding Residual Income in CBD Oil
So, sure, coffee shops offer a bit of romance and allure to your investment bug, but they really only become profitable after the long haul.
On the flip side, you could be banking with residual income overnight by promoting CBD, which also happens to continue through the long haul.
With societal acceptance of the benefits of CBD Oil growing, it is time to join that bandwagon and see what you can do for yourself and your pocketbook.
Not only do you get to make residual income, but you choose your own hours, you see immediate return, you don’t have to worry with the stock and shipping, and you can afford the startup on your own.
Why are you still sitting there? Remember that $7 billion industry mention at the beginning? Get going – you could be turning a profit by now.
