Starting your own supplement company?

[endpoint]

I guess this thread might be in the wrong spot...also I live in Australia, so there might be laws that are different to the US.

I feel there is a gap in the current supplement market that I can fill (well at least in my own country!).

I found this article:

http://www.bodybuilding.com/fun/startyourownline.htm
But it wasn?t really what I was looking for.

Does anyone have any start-up guides, or information on creating your own supplement company?

Any Australians that have inside knowledge?
Laws, Appropriate governing body's that I need to go through (TGA, food standards etc)

I have emailed a couple Australian companies...I will see how that goes.
I dont want to tread on anyones toes!

[Anthony21]

Don't know the answer to your question but I wish you luck on your endeavours.

[endpoint]

Maybe we will start with structure.

Do the smaller companies just get products pre-manifactured, place a sticker on it...and then poach it to local supplement shops as well as online?

[paulpker121]

Not trying to sound smart, but wouldn't it be easier to seek employment by an already established supplement company?

[endpoint]

Not trying to sound smart, but wouldn't it be easier to seek employment by an already established supplement company?

Yep it would be.

I would be easier to do leg extensions rather than squats. I would be easier to sleep than it is to get up and live.

I have a vision and a dream...I want to live it.

I am sick of working for people.

[paulpker121]

Not that I'm very enlightened on this subject, but it seems that you would have to first work for a company, learn the ropes, then move your way up until you're ready to start your own company.

[Jeff the Repper]

Yep it would be.

I would be easier to do leg extensions rather than squats. I would be easier to sleep than it is to get up and live.

I have a vision and a dream...I want to live it.

I am sick of working for people.

Great response, I thinking of doing the same thing years ago, I instead found a company that had no distributor in Canada and started with that. It is a long and expensive project you have in your future. Good Luck !

[huge908]

......Your going about this all wrong.
First off you have to have something unique about your products you intend to create/make.
Second off you need to know how to create formulation thats why most of the company heads are chemist or doctors....or they are rich enough to hire such people.
Third you need a business plan, how much are the supplies going to cost, the marketing of the product, who you going to sell it too, where are you going to get such funds, do you need licenses to create such a product? Where are you going to make it, whats it going to cost the consumer......ETC

You clearly are no where near ready to think about starting such a company, do what one before said. Get hired by a supplement company learn the know how than go out on your own.

The first sign of how not ready you are is starting a post on the BB forums.

[nsiegel5]

Yep it would be.

I would be easier to do leg extensions rather than squats. I would be easier to sleep than it is to get up and live.

I have a vision and a dream...I want to live it.

I am sick of working for people.

I like your attitude a lot! You inspire me (SRS)

[endpoint]

......Your going about this all wrong.
First off you have to have something unique about your products you intend to create/make.
Second off you need to know how to create formulation thats why most of the company heads are chemist or doctors....or they are rich enough to hire such people.
Third you need a business plan, how much are the supplies going to cost, the marketing of the product, who you going to sell it too, where are you going to get such funds, do you need licenses to create such a product? Where are you going to make it, whats it going to cost the consumer......ETC

You clearly are no where near ready to think about starting such a company, do what one before said. Get hired by a supplement company learn the know how than go out on your own.

The first sign of how not ready you are is starting a post on the BB forums.

There are many reps that are from supplement companies that post on this forum, I was hoping for them to chime in.

I am at about step 1 of a hundred. I am glad you are very supportive of people!

I got the idea when I found a company that manufactures custom mixes of supplements for personal use. They now have a manufacturing branch which is intended to make bulk retail products, which you can brand and sell
They have a minimum purchase which will be well within my means.

If I choose to go the bigger route:
Once I outline the products I wish to make, I will write up a business plan. This business plan will be submitted to a website where projects are funded by various people. They give you a grant to start your business and you pay a certain percentage back of your profit until it is all payed back.

[Kaox]

Yep it would be.

I would be easier to do leg extensions rather than squats. I would be easier to sleep than it is to get up and live.

I have a vision and a dream...I want to live it.

I am sick of working for people.

I like that.
Repped with my "Huge" Rep powers... well that's the best thing I can do lol.

[Joe D]

Well, good luck. I just hope that if you get things off the ground you can learn from what's going on now in the industry. What this industry needs is innovation, quality and trust worthiness.

[BULKMONSTER]

Here you go......you're welcome!

[endpoint]

First off you have to have something unique about your products you intend to create/make.

As I outlined above, there is a massive gap in the Australian Market. I have figured it out, but not willing to pass it on here!

[endpoint]

Here you go......you're welcome!

If only it was that easy!