Building a Supplement Company From Scratch - March 2024 (new series)
Proving that anyone can build a multi-million dollar empire from scratch.
Back in late 2018, I had made several attempts at dropshipping but never made any real money doing it.
I was ready to give up on the idea, but decided I would give it one last try.
On that last attempt I decided to do things a little differently:
Instead of selling cheap shit from China, I decided to find something made in the United States
Find a way to get it to my customer as fast as possible upon ordering
After searching for weeks for American manufacturers I found a small business in Virginia that was willing to make a product that could be customized and/or personalized.
Upon reaching out to them, they also quickly agreed to ship my orders for a flat fee.
Following that agreement, I spun up Facebook ads that targeted people older than 50 and immediately started printing money.
This business did $500,000 in revenue in just over 18 months at a ~30% profit margin:
I went on to sell it in 2020 and walked away with a little bit of cash which made leaving my job as an engineer a lot easier:
Since exiting, I’ve missed the process of building a brand from scratch and making it profitable.
However, every time I contemplated running it back (for real this time, not dropshipping) I could not come up with a product idea that I was passionate about.
I spent four years searching and came up empty.
That all changed earlier this year after getting some inspiration from a product created by TJ (the owner of Ramp Health, click here to follow him on X).
His social anxiety supplement called “B4” inadvertently helped me with a problem I have about once a week, even though it has nothing to do with social anxiety.
After receiving some consultation from TJ and getting the green light from him about solving this issue with a more targeted product, I set the wheels in motion.
I have already paid $2,000 up front for help with formulation and locked down a domain for the future website.
That may sound wild, but when I decide to move on an idea I MOVE on an idea.
The intended use of the supplement will remain private for now, but I will reveal it here in pre-launch.
This new series for paid subscribers will document the creation and operation of this business and begin immediately.
Let’s see if we can document the creation of a multi-million dollar business from start to finish.
I will share the highs and the lows, even if it fails spectacularly.
You will see one written update every month (just like my LEGO portfolio update and Amazon P&L) and additional smaller updates inside the paid subscriber chat:
(I already post small updates in the chat for LEGO content, so check out the chat if you weren’t aware this existed)
If you have any recommendations or wishes for this series, feel free to suggest them below in the comment section.
Looking forward to this series!
Why not buy something established (such as on Empire Flippers) and grow that?