Hey man, nice work! Congrats
I am from South America, which proves to be really hard sometimes in comparison to more developed markets but that can't make give up, it only gives more strength to keep fighting.
Anyway, I also sell some functional teas, it's been 2 years now and my major problem is that, as you said, the margins are great but the barriers to entry are really low.
I say that not worried about competition, but the clients themselves. The problem is that by law I'm obliged to inform ALL the ingredients in the product (I can't just write 'mixed herbs' it'd not be approved by our FDA like agency), so people buy like 1 or 2 times and then they just look for the ingredients and make the tea themselves.
I tried bagging them in tea bags, but it didn't improve my revenue much. I'm trying now to add A LOT of ingredients so it'd be a pain in the a$$ to mix by yourself.
How do you deal with this issue? pardon me for my bad english
I am from South America, which proves to be really hard sometimes in comparison to more developed markets but that can't make give up, it only gives more strength to keep fighting.
Anyway, I also sell some functional teas, it's been 2 years now and my major problem is that, as you said, the margins are great but the barriers to entry are really low.
I say that not worried about competition, but the clients themselves. The problem is that by law I'm obliged to inform ALL the ingredients in the product (I can't just write 'mixed herbs' it'd not be approved by our FDA like agency), so people buy like 1 or 2 times and then they just look for the ingredients and make the tea themselves.
I tried bagging them in tea bags, but it didn't improve my revenue much. I'm trying now to add A LOT of ingredients so it'd be a pain in the a$$ to mix by yourself.
How do you deal with this issue? pardon me for my bad english
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