You recently lost your job and have been applying all over town for weeks or months trying to find and even better job than your last. Slowly reality kicks in and you start searching for any job, even one you hate, with the sole intention of finding something to help pay the bills. As the situation becomes more and more frustrating you slowly start looking at creative ways to make money from home. You begin by looking for something with ease of entry and huge upside. You consider house flipping and selling items on eBay. You do some research and soon find that you are not alone. Literally thousands of people are in your same shoes and looking at those ventures that they have seen or heard success stories of. You know the ones…the little old lady who made thousands selling beanie babies she found at a garage sale or the 18 year old that made 150k flipping his first house. The reality however, is that the vast majority of eBay sellers or house flippers don’t make the money they thought possible. In fact, most of them make very little, if anything because the competition is fierce and the experts take the biggest piece of the profit pie. That brings you to this article!
In an economy like the one we are currently in, creativity is a must. Get rich quick schemes that actually work are rare at best. To get ahead in today’s economy takes creativity, a good business plan and the will to make it work. Our answer…LIP BALM! You hear names like Chapstick and Burts Bees and your mind immediately focuses on the little stick that moisturizes your lips and fits conveniently in your pocket. The average person never considers the huge profits that can be made from such a small item but in this article we intend to open your eyes. We intend to outline a number of basic ideas that can turn that little stick into huge profits. Please keep in mind, all the ideas below on are based on buying Bulk or Custom Lip Balm from a company like Bulk Apothecary or any of the other dozens of lip balm manufacturer’s in the USA.
1. One great way to make it big in the lip market is to create your own custom lip balm line and market it the same way as Burts Bees or Chapstick. Burts Bees is the classic example of how someone turned a small idea into big profits. They started slow with the simple peppermint balm you know and love. They started selling it all over town. Slowly they built a loyal following and eventually with some added sku’s had a business worth over $900 million (according to the Clorox purchase price a couple years back). Not bad for something that gained momentum from a stick of lip balm. Now although this is the dream scenario, there are thousands of companies that are doing the same thing on a smaller scale and making a fantastic living at it. All you need is a good idea, a cute label and you’re in business. Head out to smaller retailers and try to get them to pick up your newly formed product line. After all, this is how thousands of people start their own product line and is a simple recipe for success.
2. Another great way is to buy Unlabeled Lip Balm off the web and start your own party/wedding favor business. You can currently buy unlabeled product off companies like Bulk Apothecary for .28 per unit. You pick up a small amount of inventory, get a nice printer and some printable labels from an office supply store and your open for business. Most custom lip balms sell online for anywhere from .60 per unit to 2.00 per unit. A hefty profit for something with such low start up cost and ease of entry. Not to mention advertising on Facebook or other social networking sites is all you need to truly build a successful business. Plus, since most people will be buying 100-500 pieces at a time, the volumes can really add up quick. So can the profits!
3. The last way might sound the craziest…