3 Surprising Things About Starting Your Own Supplement Company

The speaker warns potential dietary supplement entrepreneurs about the risks of working with contract manufacturers, highlighting three key issues:1. Inadequate ingredients: The speaker notes that some contract manufacturers may use low-quality or ineffective ingredients, which can negatively impact the quality and efficacy of the dietary supplement.2. Misleading marketing: The speaker cautions entrepreneurs to be wary of contract manufacturers who engage in misleading or false advertising practices, which can damage the brand's reputation and lead to legal issues.3. Unfair contracts: The speaker highlights the possibility of one-sided contracts with contract manufacturers, which can leave entrepreneurs vulnerable to unreasonable terms and conditions.To avoid these pitfalls, the speaker suggests two options:1. Participating in his training sessions: The speaker offers training sessions on how to work effectively with contract manufacturers, covering topics such as how to select a reputable contract manufacturer, how to negotiate fair contract terms, and how to ensure compliance with regulations.2. Using a directory of contract manufacturers provided by the speaker: The speaker provides a directory of vetted contract manufacturers that he has pre-screened for quality and compliance with regulations, which can help entrepreneurs avoid potential pitfalls when selecting a contract manufacturer.Additionally, the speaker notes that many brands include best before dates or expiration dates on their products, but the Food and Drug Administration (FDA) requires data to support these dates, which can be costly to obtain through stability testing.