“It is difficult to create a new path and create innovative products in an industry that often does not look like us. It was challenging to find the right business partners, to find funding, and to launch a successful business. But it is possible, and most importantly, it is worth it. Despite all of the challenges I faced, I am proud to have created a company and built a community that is making space for women and people of colour in the wellness and supplement industries.
“Throughout this process, I have learned that making supplements is relatively easy, but custom-formulating clean and effective supplements is a difficult, expensive, and slow process. There are always shortcuts, ways to reduce costs, and opportunities to white-label supplements – and this is what many other companies do. But it is so valuable to take the time to really learn the science and data behind what you are creating.
“Here are my tips to launching a successful supplement company:
“Solve a problem and create value – There are countless multivitamins, sleep aids, and energy supplements. You have to find a problem you want to solve and create a product that has a unique value proposition that stands out in a busy market. Otherwise, you are making the same products as every other company, and you will end up trying to compete with large corporations with even bigger budgets. Consumer focus groups are a great, low-cost way to understand consumer needs and test your pricing and branding.
“Build a foundation in science – I am proof that you do not have to be a doctor to launch a supplement company, but you do have to build a foundation in science. Work with healthcare professionals and scientists to conduct research and develop a formula that is safe and effective. If you have the resources, it is helpful to facilitate a user group or trial to receive feedback and make adjustments prior to a full launch.
“Do it the right way, not the easy way – There are ways to cut corners, but it won’t pay off in the long run. Take the time to source high-quality ingredients, partner with registered manufacturers, and invest in testing and certifications. I also recommend starting with one product that establishes the brand, instead of multiple products that may not be the best quality.”