Has anyone started/built a supplement company before?

[Medellin]

Hoping to get some advice/feedback on best practices of approaching private label supplement formulation companies.

I have a specific niche that I want to tackle. I hoping to get schooled in how to best approach an MVP/test product in this space.

Interested in knowing:

1. Does & don'ts
2. Portions of ingredients
3. Regulations
4. Negotiating
5. Etc.

Thank you in advance.

 

Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

[Walter Hay]

Hoping to get some advice/feedback on best practices of approaching private label supplement formulation companies.

I have a specific niche that I want to tackle. I hoping to get schooled in how to best approach an MVP/test product in this space.

Interested in knowing:

1. Does & don'ts
2. Portions of ingredients
3. Regulations
4. Negotiating
5. Etc.

Thank you in advance.

I have one "Don't" for you: Don't search for companies that offer private label. If you buy from them you will be joining a crowd all trying to sell the exact same product as you. Also, they will charge you an arm and a leg for designing a label.

Instead, search for manufacturers of ...X.... (whatever best describes the product you want to sell.) and ask them if they will supply product X made to suit you. You handle the labeling side of it yourself.

Walter