How to Start a Spice Business [ Steps to Start a Spice Business ]
If you're not familiar with the spice business and the amount of money it makes annually, this is a recent article that came out in 2015. The annual sales of spices in just the U.S. alone was a little over $2 billion. Even if you're just beginning, there is plenty of room online for new spices or spice companies.
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And again, I do not at all remotely tell you these figures to impress you. I tell you this because I am no different than you. Temperatures can rise, and traditionally, it will not affect the quality of the spice. The summer heat and spring heat do not affect any spice.
One of them is that spices lend themselves to being very flexible when it comes to temperature. Another reason to get into the spice business. If you want to sell hundreds of these a month, you're talking about two or three grand in profit, and that's just off of one particular spice. McCormick's company, McCormick, has been around for something like 120 years because of the fact that they're hugely profitable. You don't have to invest $20,000 in a spice business.
You start small and you build it up from there. Spices are the one thing that there are so many different blends of. The market for spices is gigantic and it's not going away anytime soon. Having a store online and having a presence online is huge, because at any point in time, someone is looking for a specific spice. If you don't know how to run an eCommerce business, learn.
You have to stick with it and learn it. If you're looking for something big, like 50 pounds, 20 pounds, or 10 pounds, I would say yes. Sage is a wholesale account. The more unique, the more difficult it is. And the more rare, that is harvested in smaller quantities and what have you, that's going to vary in price.
FREE subscription don't miss every new video: goo.gl/n7zTix How to start a Food Business series: How to start a spice company. I out this video together to help you with a brief and to the point step by step how to start and sell spices with a great mix of resources.
Here is the FDA link about Spice labeling:
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Here is the Co Packer List link for Spices and Herbs:
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