Making the Best from Third Party Lab Testing

by

06 July 2020

Business

Third Party Lab Testing

Venturing into the hemp market? Like other niches, there is no doubt that your goal is optimizing profit and growing your enterprise. However, the cannabis niche is a bit tricky because it is pretty new, resulting in an influx of poor-quality products.

Although the Farm Bill Amendments of 2018 opened the door for all, it is now apparent that you cannot simply trust the products because they are labeled the “best.” To be sure of identifying the best cannabis products, you need to move one step ahead and use third party lab testing.

These are accredited independent labs that are allowed to help people test the content of their products. While testing the cannabis products is the primary goal for most traders in the cannabis niche, we will tell you how to use lab testing to enhance your competitive advantage.

Use the 3rd Party Lab Tests to Check the Cannabinoid Profile

CBD Testing

One of the key issues that the FDA has noted with cannabis products is that some of them have false information on their labels. In one of the recent cases, the FDA reported that some cannabis products had CBD levels lower than manufacturers had indicated on labels.

Because the bulk of clients looking for cannabis products intend to get their therapeutic benefits, you do not want to sell them products with wrong info.

Third-party lab tests help you to check the cannabinoid profile, which shows the different cannabinoids and their quantities in a sample. When you notice a product with false information, it implies that a supplier or manufacturer cannot be trusted, so keep looking.

Check for the Presence of Harmful Components

According to the FDA, every product being released into the market should be carefully produced and proven to be harmless to the user.

However, some cannabis products contain products that can be dangerous to the human body. For example, if a cannabis product contains heavy metals, your clients are at risk of suffering from serious cell-structure damage. Other harmful components that can be found in a cannabis product include bio-contaminants, pesticides, and organic solvents.

When you subject your hemp product to third party lab testing, the results will show whether there are dangerous components that can harm users. If the harmful components are in qualities that are higher than what is legally allowed, the best idea is not stocking that product. Instead, keep checking until you identify the hemp products that are safe.

Tell Clients about the Tests in Your Profile

When you take your products for testing by independent laboratories, make sure to tell your targeted clients. This will help you to stand out because clients will be sure that they are buying high-quality cannabis products. They will also refer to others, meaning that your sales and profits are likely to grow.

The emerging cannabis market has proven to be challenging for traders because not all products available for sale can be trusted. However, you can use third-party laboratory testing to ensure you stock high-quality products and strengthen your brand.

Read Also:

I enjoy writing and I write quality guest posts on topics of my interest and passion. I have been doing this since my college days. My special interests are in health, fitness, food and following the latest trends in these areas. I am an editor at Content Rally.

View all posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Related

Company registration

Why Registering a Company Online Now Becomes Easier

Are you looking for business opportunities in Singapore? This is an excellent choice because Singapore ranks 2nd in the world, in the ease of doing business. Singapore is also one of the most advanced financial centers in the world, acting as a headquarters for thousands of global brands. The ease of doing business starts right at the beginning stage of registration.  Foreigners can easily register a company in Singapore, as well as get an employment pass. Singapore has outdone other competitors in Asia with entirely paperless business registration. Company registration is done in 1.5 days if the documentation for registration is right. Benefits of Online Registration Register from anywhere in the world You don’t have to come to Singapore to register a company. You can submit all the documentation online. Better yet, you can use a company incorporation Singapore service to register your company.  This service is offered by a team of professionals who are conversant with the documentation and procedures required to register a company. Affordable Paperless registration translates into lower costs for registration. Paid-up capital is only SGD 1.00 which is very friendly for small businesses. Fast Online processing has allowed cutting short the duration needed for company registration to 1.5 days.  You can start your business operations within a week after landing in Singapore. Who Can Register a Company in Singapore? Both Singaporean nationals and foreigners are allowed to register private limited companies in Singapore.  Shareholders can be individuals or companies. Singapore is one of the few countries that allow 100% foreign shareholding.  However, bankrupt people and those with criminal backgrounds are not allowed to operate businesses in Singapore. A foreigner who wants to register a company in Singapore should; Have at least one director who is a Singapore resident. This could be a Singapore citizen, or a person holding a permanent resident visa, or someone holding an employment pass. Hire a filing service for company registration. This is a team of professionals, usually lawyers, accountants, or company secretaries. They are familiar with the documentation and procedures needed to register a company correctly and in a short time. What Are the Procedures in Company Registration? Step 1 – Name Approval Companies in Singapore are registered by the Accounting & Corporate Regulatory Authority (ACRA). You should submit at least 3 names for approval.  Guidelines for company names include; No vulgar or offensive wording The name should not already be in use by another entity or be part of another company’s trademark. If the name includes words like bank, media, finance, or educational it shall require further approvals by the bodies regulating these sectors. ACRA reserves the approved name for 60 days, with a further 60 days extension. Step 2 – Document Preparation The required documentation for a private limited company registration includes; The name approved by ACRA Description of a maximum of 2 intended business activities in Singapore The registered office address Singapore or the physical address of the company offices. Consultants can operate from a residential address but must show landlord consent. Particulars of shareholders. Foreign shareholders are required to supply a copy of their passport and proof of residence in their country. Company shareholders must submit a copy of their Articles of Association and Memorandum of Association. Particulars of the Ultimate Beneficial Owners. These are shareholders with more than 25% ownership in any level of shareholding Particulars of directors Particulars of a data protection officer to comply with the requirements of the Personal Data Protection Act 2012 (PDPA) Particulars of the company secretary. This role should be appointed within 6 months of registration. The company secretary can be a filing agent. This is often offered as part of the package in business registration services. Paid-up capital. The initial paid-up capital is SGD 1. This can be increased after registration KYC documentation Singapore has strict anti-money laundering laws, which require Know-Your-Customer guidelines to be followed when registering a company.  Individuals must show proof of nationality, proof of residence, and describe their professional or entrepreneurial background.  Corporate shareholders must show a Certificate of Incumbency if they are offshore companies registered in places like the Caymans. Step-3 Submitting the Documents ACRA maintains an online portal on which the documentation is submitted for registration. The Certificate of Incorporation is generated electronically within 1.5 days.  But company registration can take as long as 2 months if further approvals are needed from industry regulators. Why Use a Business Registration Service? Get a full corporate kit – You get a package that helps you start operating as soon as possible. This includes the Certificate of Incorporation, Company stamp, Memorandum and articles of Association, and the minutes of the first board meeting. Help in the processing of an employment visa if you want to relocate to Singapore Help in opening a corporate bank account Singapore is one of the most attractive investment destinations in the world. You get world-class financial services, good infrastructure, and a stable business environment. If you are looking for investment opportunities, work with a business registration service for quick company registration. Read Also: How to Register Your Company in China Fast

READ MOREDetails
Small Business Customer

6 Incredible Tips To Reach Your Small Business Customer

Customers are always searching for great deals, and when they find one, they often act quickly. That’s why it’s crucial to keep your small business top of mind through effective sales strategies and marketing campaigns that deliver results. The first step in building relationships with your customers is understanding how to reach them. This article will teach you six effective ways to reach potential customers. 1. Email Marketing Email marketing is one of the most effective and easy ways to reach out to your customers. It allows you to stay connected with your customers even after they leave your website. Your email marketing strategy should have a dedicated area in your plan to reach out to customers and audiences. Email marketing does not always have to be intrusive to your audience. A reason for different email marketing strategies is that each market segment has different needs, and that's why you need to tailor them accordingly. Your email marketing needs to be a key part of your overall marketing mix. It is one of the most effective ways to reach potential customers and understand their needs, get feedback and build relationships. Email marketing works because it allows you to provide value to your customers. When done right, it can be an effective customer acquisition channel that drives sales, leads, and relationships. 2. Follow-Up Calls You may be wondering what comes next at this point. It's time to take the momentum of your new offer, as well as your customer's overall attitude toward your business, and turn it into sustained growth. The small business space is changing, and marketing is playing an increasingly important role as companies figure out ways to reach and retain their customers. This can be a challenge for even large enterprises, so you must do something different from your competition. Consider setting up phone follow-up calls after your initial email campaign to nurture leads, or sending automated drip emails to current customers who haven't purchased in a while. In the end, you'll end up with loyal customers who can buy from you again and again. 3. Keep Your Website Updated Among all the marketing tools, your website is the most important one. Displaying your logo, tagline, and contact information on every page of your site means visitors can find you when they need you. Once your online business is established, it’s time to build a well-designed site that makes the customer feel comfortable. Create a business website that your customers can easily and quickly find. The average consumer today turns to Google for about 80% of the information, so it’s crucial that you take advantage of this opportunity by promoting your website and business online. You can hire a Digital Marketing Agency or an SEO expert to help promote your business. 4. Set Up an Autoresponder Series An autoresponder series is a collection of emails sent automatically to your subscribers. The email sequence will trigger based on the event or as instructed. This is a great way to keep subscribers engaged and remind them of your brand. In today’s marketplace, consumers are consistently looking for deals. Autoresponder comes in handy when you want to lure customers into your business by offering introductory discounts and special deals like buy two get one free or free gift first purchases. You can share your newest promotion, product or discount to attract your existing customer to buy again. Autoresponder can help you generate revenue on autopilot since you don’t have to set things up every day. Generally, it is a good option for business owners who doesn't have much time or want to focus on other aspects of the business. 5. Build Trust by Offering Something Free Selling to the customer is the main purpose of your business. Keeping their attention and maximizing their communication with you requires a balance of new and old tactics. From providing more value to your consumers to offering incentives focusing on their specific needs, the most successful small business owners know the power of getting the right customer at the right time. These are just a few tactics you can use to increase your sales and brand awareness. If you're looking to build trust with your potential customers, consider sending them a freebie. This will help you stand out from other businesses that send emails without any value added. 6. Offer a Discount or Coupon Code Consumers are constantly looking for value, discounts, and deals in today's market. The key to attracting new customers is offering something such as gift wrapping for the first three purchases or buying 2 get 1 for half price. Once they have committed to one of your products or services, track what your customers buy and which offers they redeem. In this way, you will be able to target them better in the future with marketing messages that may cement their loyalty. Another good way is to offer a discount or coupon code. For example, if you sell a product at $10, offer a discount of 10% off the price. Or, if you sell a service, offer a discount of 20%. If you’re looking to sell more and grow your business, be sure to offer them something in their favor. Whether it’s a new customer or an existing one, you can earn their trust by offering incentives that will keep them coming back. Conclusion It’s often been said that small businesses are much like fresh sports teams, usually they don’t get a lot of attention at first. After a big success, where do you think all the rewards go? Take these strategies as starter ideas and blend them with your own ideas. Some strategies work best than others, always do A/B testing and see which performs well for your business. Best of luck! Read Also: How U.S.-Based Appointment Reminders Can Help Customers Keep Track of Their Schedule4 Simple And Cheap Methods To Attract More CustomersTips for ensuring your company’s customers are content with its content

READ MOREDetails
Reputation Management

The Online Reputation Management Mystery Revealed

Reputation management refers to the controlling and influencing or "managing" of a person's or group's online reputation. There are several different types of reputation management but one in particular that you need to be aware of is called "Bait and Switch." Online reputation management is basically a system that can help control the amount of information that can be found out about an individual or company. A good example of this would be if you were shopping on a website for some new shoes, and you were told that the shoes that you have chosen do not fit you. By the time you return to that site, you might have already had to deal with some of the negative reviews that they were trying to hide by hiding those bad reviews on other sites where more people are looking for them. In reputation management, you would find that these negative reviews were posted on many websites that have some sort of reputation management system on them. The reason that you would find negative reviews on a website is that the site that you are on is trying to manipulate you into buying their product. The problem is, the more often that you are manipulated into buying from that site, the more you are being controlled by them. What do we mean by Reputation Management? According to RepGuardian, a leading reputation management software, online reputation is one of the foundations for a successful digital presence. It involves a brand’s mentions, comments, and presence in different parts of the web, from social media to common blogs. First of all, reputation management is a very simple concept that you will need to be able to understand. When you go on a website and try to buy something from them, the first thing that you are going to be asked to do is to fill out a survey about yourself. After that, you will be asked to fill out another survey that tells them what type of website you want to advertise your business on, as well as the products that you are selling. Then they will place your information on their own website where anyone can see it. After that, they are going to tell you that you have page rank and you should place an ad on one of their other sites that says that contains another link to their site. They will then ask you to place an ad on their site as well, and if you get a great response, then you will get paid a commission for your advertising work. Why Reputation Management is Important for your Brand? Reputation Management is very important for any company to keep its brand image afloat online. The reputation of a company is very important not just for its immediate profit but also for long-term survival. It helps in establishing credibility by ensuring that prospective customers find your products and services even when they are looking for them online and on the web. One of the main reasons why companies have an online presence is because it allows them to reach out to potential customers who might not necessarily know about their products and services but can help in spreading awareness and trust among them. A company's reputation depends on how people perceive it and this goes a long way in driving sales. The main benefit of online reputation management is its ability to reduce costs and generate more traffic on the site. This is due to the fact that there is no need to spend money on advertising as people searching for the product will be able to find it. What are the Three Key Benefits to Reputation Management? First is the cost advantage since there is no need for print media and there are no ads to pay for. In addition, the use of social media and internet marketing allows one to make a bigger impact online as opposed to other traditional methods. Second, the benefits of online reputation management include the fact that it allows you to create a positive image for your products and services that could help you in generating sales and revenue. Finally, the benefits of reputation management include the fact that it allows you to improve your own brand and it is one of the best ways to gain more exposure on the internet. By being well known to your potential clients and visitors online, you are making yourself more accessible and thereby increasing your credibility. The best part is that it is easy and affordable. Read Also: 7 Growth Hacking Ideas that will Boost your Startup A Brief Introduction to Data Quality Management Systems What is The Procurement Management Process? 5 Most Common Digital PR Mistakes And How To Avoid Them

READ MOREDetails