1. Research the market and understand any local regulations: Before you start your business, research which beauty products are popular and in demand from customers, taking into account any local regulations or laws related to cannabis-based beauty products.
2. Determine your target market: Decide who you plan to sell your cannabis beauty products to, such as spas, salons, retail stores or consumers.
3. Come up with a unique product idea: Think of innovative ways to create cannabis-infused beauty products that stand out from what’s already available on the market.
4. Source ingredients and create a prototype: Decide which cannabis-based ingredients to use in your beauty products and develop a prototype of the product.
5. Test and refine your product: Test out your prototypes on volunteers or focus groups and get their feedback to make improvements accordingly.
6. Branding & marketing strategies: Develop a strong brand identity with a catchy logo and tagline, as well as an effective marketing plan to reach your target audience.
7. Secure funding & a business license: Figure out what type of financing you need to start your business and secure all the necessary licenses, permits and insurance policies required in order to operate legally.
8. Launch your business: Open up shop, promote and advertise your cannabis-based beauty products to the public and start selling.