These days, anything related to cannabidiol (more commonly referred to as CBD) is all the rage. Sales of CBD products in the United States reached $238 million in 2018, and the market is expected to bring in a whopping $20 billion by the year 2024.
Many eCommerce retailers are jumping at the chance to take advantage of this global movement by selling CBD supplements on their websites. With the CBD eCommerce industry exploding, so is the demand for CBD supplements fulfillment services.
What are CBD supplements fulfillment services?
CBD supplements fulfillment services refer to 3PL vendors that store, pick, pack, and ship an eCommerce merchant’s orders for them. When you outsource your CBD fulfillment, all you must do is send your inventory to your 3PL services company, and take orders on your website. From there, your fulfillment partner ensures that your CBD orders arrive to customers quickly, and in pristine condition.
Why should I outsource CBD fulfillment?
More consumers are trying CBD than ever before, causing the demand for CBD supplements to skyrocket. If you’re looking to sell CBD supplements on your eCommerce website, it’s important that you understand how to properly and legally market and sell these products. The competition is fierce, and finding new ways to stay ahead of your rivals while running your business will surely keep you busy. Many eCommerce CBD retailers simply do not have the time, energy, knowledge, or experience to sufficiently manage their own order fulfillment, which is why they partner with CBD fulfillment companies.
Aside from saving time, money, and energy, here are some other reasons that CBD merchants choose to outsource to a 3PL services company.
- The opportunity is great- but you must be able to keep up with a high order volume. The demand for CBD supplements presents retailers with the perfect opportunity to flourish, but fulfilling hundreds, or even thousands, of orders per week is a lot of work. CBD supplements fulfillment services employ 3PL experts who will fulfill your orders with speed and competence, resulting in happier customers who will want to purchase from your business again and again.
- CBD supplements are a recurring purchase. Customers who love your CBD supplements will purchase more when they run low, as long as they’re having a great experience with your company. If their orders are received quickly, and the correct products arrive in perfect condition each time, they have no reason to turn to your competitors.
- CBD subscription boxes are a great way to generate recurring revenue. CBD subscription boxes allow your customers to try out several products, while creating recurring revenue for your business. Also referred to as continuity orders, subscription box fulfillment keeps eCommerce retailers very busy. A fulfillment services company can ensure that these orders are delivered on time each week or month, so that your customers never have to go without their CBD supplements.