The nutraceutical business is booming, with new products being introduced every week, and TV doctors praising their benefits. It is the perfect time to start an online nutraceutical business; however, there are a few things you need to know about before jumping in headfirst.
First off, make sure that your company, even if your sales are drop shipped (i.e., shipped from the wholesaler), is legal inside your city or county. Many at-home businesses need special permits and licenses, and local governments can hold up a company that they think is a front for something illegal. This often happens with nutraceutical companies, as they tend to have a higher risk of fraudulent activity. Another thing you must do is keep up on news and reports of the products that you sell. Recalls often happen, and many are not heavily reported. You must keep watch, as to be able to alert customers and remove products from your website.
You will also need a merchant account. A merchant account allows you to accept plastic card payments, regardless if it is debit or credit. This is how you will accept your payments, as it is pretty much impossible to have a successful online business that does not accept plastic card payments. This seems like an easy enough task, however the vast majority of merchant account processors will not deal with nutraceutical merchant accounts due to their higher risk of fraudulent activity. For this, you need the services of a merchant account provider who is experienced with nutraceutical merchant accounts, and knows the risks that come with the industry. You need the services of eMerchantBroker.com.
With eMerchantBroker.com, or EMB, you will have the best available nutraceutical merchant account services. We will not abandon you when your business is hit with a fraudulent charge. Instead, we will help you determine if it is indeed fraudulent.
For more on opening a Nutraceutical Merchant Account, contact us today!