Beruflich Dokumente
Kultur Dokumente
No 2-3 4-8
Competitors in Sports Nutrition Market (USA &Canada) 9 -14 Popular Brands with Products,Price and Distribution a) b) c) d) e) f) g) h) i) j) Muscle Tech IOVATE Nutrex SAN Nutrition AST Sports Nutrition BSN Cyto Sport MRI EAS Optimum Nutrition 15 -18 19-20 21 -22 23 -26 27 -29 30 -32 33 -36 37 -39 40 -43 44-51 52-54
Distribution of Sports Supplements in General a)Popular Stores in USA and Canada 55 -56
57 -58
Case Study on Dos and Donts to Start a Sports Supplement Business 59-63
Live Cases
64
How to choose Supplements and Popular Supplements with theirs uses and side affects 65-69
Sources
70
Global Market for Sports Nutrition:y The global market for sports nutrition $31.2 billion in 2008 and will reach $91.8 billion in 2013, a compound annual growth rate (CAGR) of 24.1 The market is broken down into sports beverages, sports food and sports supplements. The largest and fastest growing segment is sports beverages. This segment generated revenues of $27.8 billion in 2008. This is expected to in crease to $87.0 billion in 2013, for a CAGR of 25.6%. This segment is further sub -categorized into energy drinks and sports drinks. The energy drink segment is the one driving growth for the segment and the industry while the sports drinks are at a mature stage. The sports food segment was worth $1.5 billion in 2008. This should increase to $2.5 billion in 2013, for a CAGR of 10.0%. The sports supplements segment was worth $1.9 billion in 2008. This should reach $2.3 billion in 2013, a CAGR of 4.0%. In terms of market sizes, the United States is the largest consumer of sports nutrition products. This is followed by Western Europe and Japan. The developing markets are Asia and Latin America. The key market drivers for the industry are taste, price, variety and brand trust. Now that the demand for sports nutrition products is coming from mainstream consumers, convenience and taste are being looked upon as the biggest growth drivers.
5000
4000 3000
2000
1000 0
2005
2006
2007
2008
2009
10%
Protein powder 42% Protein Ready to Drink Other Sports Nutrition Products
8%
2000 1500
1000
Sports Nutrition Market in USA:The sports nutrition market is one of the biggest and fastest growing categories in USA according to Nutrition Business Journal. The robust growth in the sports nutrition market proves supplements are a core part of such a commitment. NMIs 2009 Health & Wellness Trends Database reported 22 percent of consumers indicated they use sports nutrition products (amino acids, creatine, protein powders, sports hydration drinks, sports nutrition bars and sports nutrition supplements).
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The current sports nutrition market within the US was worth $4.1bn in 2009. Although the category has expanded by 4.9% (CAGR 2003-2009), Business Insights expects a slowdown to a projected growth of 3.6% over the period 2009-2013 The figures for Canada are $171.8m in 2009 and $200.8m in 2013
According to Mintel, the sports and energy drink segment gained 164 percent in sales during 2002 to 2007
United States market value in Sports Drinks is US$1.6 billion In Canada, Gatorade (71%) and Powerade (19%) dominate market share Canada market value C$423 million
11% 6%
11% 13%
51%
Source NBJ
Sales by products
Herbs/Botanicals Minerals Specialit /Others
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Initially this industry in SA was all about bulking up, bodybuilding and performance enhancement; but today, sports nutrition products are attracting a much broader, mass audience. It is now dealing with a new generation of consumers who have grown up knowing an active lifestyle has positive, long-term implications for health, fitness, weight management and longevity which derives the sales of such products
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he huge growth in Sports Industry in SA which is giving rise to more fitness and recreational centres and creating demand for sports nutrition supplements
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he most recent data from the enters for isease ontrol ) reports that in 7, % of the .S. population engaged in recommended moderate-intensit physical acti ity, up from 5% in 1. Increased physical acti ity as most pronounced among cons umers aged 18 years old. Men aged 5 years old saw the iggest increase in acti ity, with the number increasing.
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hose three companies account for 51% of the market ith the remaining sports nutrition supplement manufacturers. approximatel
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Personal training is the most widely used health club program. ardiovascular equipment is the top area of expansion in
Even with a flood of publicity and medical research pointing to physical fitness as the solution, nearly % of America has yet to join a gym. 5 Million By 2010 - he industry's goal is to have 50 million health club members nationwide by 2010. Source: International ealth, aquet & Sportsclub Association I SA) Member ensus orking out at a health club is the #1 sports activity in the nited States according to the ational Sporting oods Association. And old's ym is the #1 gym providing over 3 million men and women around the world with both facilities and expertise that can change their lives through a regimented fitness routine.
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Obesity is a global problem that affects 300 million people worldwide. early two-thirds, or 130 million adults in the nited States are overweight, and nearly onethird, or 61 million are obese. Approximately 15 percent of children and adolescents are overweight. Forty percent of .S. adults are sedentary. isk for heart disease and high blood pressure is two to four times higher among the 18 million Americans with diabetes. An estimated 70 percent of diabetes risk in the .S. can be attributed to excess weight. eart disease is the number one cause of death in American women, killing six times as many as breast cancer. Annual medical spending for the treatment of overweight and obese people is nearly 100 billion a year, approximately nine percent on .S. health expenditures. As many as 300,000 adult deaths in the nited States each year are attributable to unhealthy dietary habits or physical inactivity. Exercise helps prevent heart disease, diabetes, high blood pressure, stroke, arthritis, osteoporosis, insomnia and cancer. Exercise has been proven to reduce stress, anxiety and depression and increase energy, focus and stamina. People who exercise regularly are happier, healthier and live longer.
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nited States.
Fitness is a 17.6 billion industry that has doubled in size in the last 1 years.
Consumer Trends. Sports nutrition is no longer the sole domain of athletes and is bypassing
the stigma of being just for bodybuilders. Sports nutrition is now working its way into the acceptance of consumers seeking out a healthier lifestyle.
New Product Development. Innovation drives the sports nutrition category as consumers seek
the holy grail of natural performance enhancement and brands aim to create a point of differentiation in the marketplace.
Increase in Sports Women. The participation of women in sport and exercise is significantly on
arket Challenges in SA y
Continuous innovation:- In case one needs to be sustainable in the sports nutrition
supplements market one has to be innovative in its products and has to change or upgrade them at a certain time span with proper positioning in the minds of the consumer y
Expanding distribution channels :- In order to rise from above and that too in a country like
SA one should have a strong distribution channels to market and sell the product.This is dicussed in detail in Distributional segment
Strong competition:- ith more than 200 competitors in this segment this business is affected by strong competition and to have a competitive edge above them the distributional strategy along with clear product mix is a must
the rise. In 2003, more than half of all frequent 100 or more times per year) fitness participants were female. Private Label. The current economic downturn in the S has led to strong sales and increases for private label products in all categories. igh priced sports nutrition is no exception.
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New sensory experiences :- ith new products in the market there is a huge demand among the consumer to try the products which are coming in the market with a perfect blend of new taste and give the immediate results.The positioning of new products enriched with different nutrients drives customer to try and experience them Leveraging new echnology :- A new technology has been leveraged in case of ingredients where faster absorbing ingredients are coming in the market , new compounds with electrolytes and amino acids are the part of new technological transfer in this field.More over the packaging style of the products has been changed a lot which helps to position the products much better in the minds of the consumer.Type of innovative packing includes TD, gels and pouches Heal h orientated innovation The ealth Indulgent flavours and healthy ingredients are coming in market as a result of consumer orientation among preferred flavours in the last couple of years in SA.
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Article about comparison between sub categories of Sports Nutrition arket like Energy drinks, Sports nutrition supplements and Energy bars and their demand in previous years in SA:Athletes want their supplements to be convenient, accessible and portable. Their demanding schedules require innovative applications, making it effortless to supplement their diets and schedules. As consumers continue to learn about which ingredients can truly help them meet their fitness and sports goals, the market responds by offering a continual stream of new delivery systems in order to utilize these ingredients, said Kevin Owen Ph.D., afta head of technical marketing and scientific affairs, LO ZA. There is a direct functional relationship between the science that supports the products, and the continual development and launch of new delivery systems to use these products. New options such as energy shots are stocking grocery shelves, but oldies such as beverages, bars and powders are advancing and becoming more prominent in the sports nutrition arena. Theres no question that energy shots and drinks are one of the biggest trends in sports nutrition, reen said. This growing market of active lifestyle enthusiasts need and want more energynot just for their workouts, but also to help them get through their busy days. reen noted Convenience Store News reported sales of energy shots doubled in 2009. This is in spite of the fact that were in the middle of a recession. And a key sub-trend is the emerging emphasis on sports nutrition ingredients especially thermogenic componentsin both energy drinks and shots, he said. Mintel reported in its June 2008 report an estimated total market size for ready-to drink TD) noncarbonated beverages at 40,993 million. owever, in light of recent declining economic conditions, Mintel revised its estimates for TD non-carbonated beverages with a growth of just 2.7 percent in 2008, compared to the previously published comparatively optimistic 2008 growth rate of 6.2 percent . Mintel noted, The decline in TD beverages is likely to be propelled by slower than expected growth in sports and energy drinks segment, where consumers are likely to retract demand for high-price energy drinks. Steil found the three most popular delivery methods are capsules/tablets, powders and beverages. There have been a few newer technologies that have evolved, such as creams, strips and effervescent or quick dissolve tablets, but they have not penetrated the market to any noticeable degree, he said. In addition to the basic capsules and tablets, drink sticks have become very popular to deliver nutrients for sports nutrition, Simmons said. The drink sticks are very convenient and can also help the athlete to stay hydrated during sporting events. And companies such as atson Inc. provide several fortification premixes for sports drinks, fortified waters and add-to-water type powdered beverages, as well as functional bars. e see consumers wanting more than just good taste from their food, they also want functionality, Alderton said. So if they are going to reach for a beverage or bar anyway, consumers are now turning toward beverages or bars that provide taste and additional nutrients such as electrolytes, vitamins, minerals, protein, active ingredients. In effect, the food serves a dual purpose. Adhering to MPs, avoiding unsubstantiated label claims, implementing an effective system for avoiding adulterated products and product innovation all ensure the quality and success of the sports nutrition market. Sports nutrition is constantly evolving and the immediate future will be no different. Luchsinger said. ith peoples emphasis of quality of living and publication of reliable research, sports nutrition will become mainstream in the future, Liu said. There will be more variety of new items coming out the market since the competition is crucial and every player tries to come up new stuff; market will be more mature, advance and stable.
# 1Fast400 2:1
4Ever Fit
Ab oller Absolute Nutrition AccuFitness Advanced Muscle Science AJ DiCaprio AkPharma All American EFX AL I American Bodybuilding American Sports Anabolic Innovations
B BCS Labs Beverly International Biochem Bioplex Nutrition BioTest Bookazine Body-FX Bodywell BNRG BSN
C Carb Boom Central Coast Nutraceuticals Champion Nutrition Chef Jays Clif Bar CMI Con-Cret Controlled Labs Country Life Cutting Edge Labs Cytodyne CytoSport
Amino Vital Anabolic Xtreme Apollo Fitness Applied Nutraceuticals APS Nutrition Aquagen ASN AST Sports Nutrition Athletic Bodycare Athletic Edge Nutrition Atkins Nutritionals Axis Labs
E EAS Eclipse Elite Delivery Technologies Epic Nutrition EST Evolution Labs Extique
Designer DiMaxx
hey
ealth From The Sun ealthy N Fit igh Energy Labs i Tech Pharm Products ogan Energy ouse of David
Instone Interceuticals
L Labrada Lara Bar Layfield Energy Lenny and Larry's LG Sciences LMR Sports Luna Bar
Man Sports Mega-Pro Meridian Naturals MD Science Lab Met-Rx MHP MLO MMA Muscle Molecular Nutrition MRI MRM
Mucos MM SA Muscle Asylum Project MuscleLink Muscle Pharm MuscleTech Mushroom isdom Myogenix Myotrend My eigh
Natrient Natrol Naturade Nature's Answer Nature's Best Neocell Nordic Naturals Novex Biotech Now Foods NRG-X Labs
O Olympian Labs Omega Sports Optimum Nutrition Organic Food Bar Ostrim
P Pacific Health Palladium Palo Alto Labs Panthera Labs Peaceworks Pharmagenx Power Bar Power Butter Pre Premier Nutrition PrimaFORCE Primal Spirit Foods ProLab Promax Nutrition ProTan Pure Fit Pure Life PVL
S SAN Nutrition Schiek Schwartz Labs Sci-fit Scivation Sequoia Fitness Six Star SlimQuick Snac Snac Lite SNI Sopharma Source Naturals Soy Joy Species Spectra Force Spirit Science SportPharma Sport Specifics Stacker Products Starchem Labs Starmark Labs Stax System Strengthade Sundesa Syntrax Innovations SZM
T Tahiti Trader Tapout Teazen ThermoLife Think Thin Tiger's Milk TwinLab
Xe -
Zone Perfect
Xen-Tan
Analysis of some top competitors with respect to product, price and distribution:A) MUSCLE TECH:- 37 Products)
Muscle Tech is engaged in continuously researching and developing the most effective sports supplements in the world.Our commitment to producing high-quality, scientifically researched MuscleTech supplements is what has separated us as an industry leader for many years and has helped us set superior standards for supplementation on a global scale! MuscleTech supplements continue to shock the sports nutrition industry year after year with the introduction of revolutionary.
Products with Price:Acai, 60 vcaps price: $14.72 Alpha Amino Prototype 216 120 cplts price: $38.70
price: $16.74
naNO Vapor Hardcore Pro Series Ignition Stix 20 pckts price: $25.81
Nano X9 Hardcore, 300 caps with free 180 caps price: $91.39
price: $31.99
Brand Analysis:Total no of Products of MUSCLETECH :- 37 Avg Price per product:- $41 Products yielding Maximum revenue:- C ll-T ch,MYO Sh ck,Vit kic,M T ch,C kic -T ch, M
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d t http://www.muscletech.com
Distribution:MuscleTech supplements can be found at retailers, health clubs, gyms, and health -food stores everywhere in SA. Online store where they can be found are as under:y y y y y y y y y y y y y GNC Live well Body building.com The Vitamin Shopee Pro Source All Star Health Drugstore.com Vitacost.com Bulknutrition.com Netrition.com DAmuscle SNI SA Lone Star Distribution strongernutrition.com
Distributors of Muscletech in USA:y BOSS y DNA Sports Nutrition y Dynamic Marketing y Europa East HQ) Europa Sports Products Inc. y Europa Southwest Europa Sports Products Inc y Europa est Europa Sports Products Inc. y Europa North Europa Sports Products Inc. y Europa Northeast Europa Sports Products Inc. y Europa Southeast Europa Sports Products Inc. y Fitness & Nutrition y Select Nutrition y Tree Of Life Midwest y Lone Star Distribution y American Fitness Wholesalers y Power Shack y Perfect Nutrition
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B) IOVATE:- 5 Products)
Six Star Body Fuel - Advanced Creatine 2.5 lbs Sale price: $16.47
Brand Analysis:Total no of Products of IOVATE :- 5 Avg Price per product:- $17 Product focus:formula i t imp v m t, m cl b ildi g, w ight l
Distribution:IOVATE supplements can be found at online retailers, health clubs, and health-food stores in SA
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Distribution:Their products are distributed through :1)Nutrex online store on their website 2)Online Retailers as under:a)Netrition.com b)Bodybuilding.com c)The Vitamin Shopee d)Nutrition Express e)GNC Live well f)Vitamin World g)A1supplements.com h)FitRX.com i)SNI SA j) strongernutrition.com 3) Distributors and Dealers in USA:a)NPC b)Cape Cod Nutrition c)Ultimate Sports Nutrition d)Lindberg Nutrition e)Max Performance Supplements f)FitRx
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R-ALA, 60 caps
Sesamin
Tight Hardcore
Tribuvar
V12
ESTRODEX
Sale price: $39.95
Brand Analysis:Total no of Products of SAN Nutrition :- 41 Avg Price per product:- $30
Product focus:- A ti E t gen,P teins enh ncement, high q lity c b hyd te source,Creatine Enhancer, Fatty Acids, Fat burner, building muscle strength, energy enhancement, Increasing Glycogen Storage , Advanced utrient Partioning,Weight Gainer, pre & post-workout detonators
Products yielding Maximum revenue:- 100% Pure Platinum Whey ,BCAAPro,Blaze,Bioactive,CM2,Element,Myodrive,Lipo, AG,R-ALA,Tight,V12 More Can be found at http://www.sannutrition.net/
Distribution:Their products are distributed through :1)SAN online store on their website 2)Online Retailers as under:a)Netrition.com b)Bodybuilding.com c)The Vitamin Shopee d)Nutrition Express e)GNC Live well f)Vitamin World g)A1supplements.com h)Lone Star Distribution i)Whole Sale Supplement Store J)Allmax k)SNI USA l) strongernutrition.com Besides they are also distributed through health clubs, and health -food stores in USA
CM750 Creatine
DGC
Avg Price per product:- $25 Product focus:-Mutlimineral Supplements, building muscle strength, energy enhancement,Fatburner, Protein Enhancer, Enhances Glucose Utilization, metabolism and maintenance of muscle Products yielding Maximum revenue:- Anabolic Rush,VP2,BCAA,MultiPro,VYOPRO, More Can be found at http://www.ast-ss.com/
Distribution:Their products are distributed through :1)AST online store on their website
2)Online Retailers as under:a)Netrition.com b)Bodybuilding.com c)The Vitamin Shopee d)Nutrition Express e)GNC Live well f)Vitamin World g)A1supplements.com h)Lone Star Distribution i)Whole Sale Supplement Store J)Allmax k)SNI USA l) strongernutrition.com Besides they are also distributed through health clubs, and health-food stores in USA
Atro-Phex
Atro-Phex, 48 caps
Brand Analysis:Total no of Products of BSN:- 23 Avg Price per product:- $33 Product focus:- weight loss supplements, building muscle strength, energy, tasting protein supplements , creatine, Energy Drink,Post workout supplement Products yielding Maximum revenue:- NO Xplode Syntha 6,5lbs, Cell Mass,Endo Rush More Can be found at http://www.bsnonline.net/
Distribution:Their products are distributed through :1)BSN online store on their website
2)Online Retailers as under:a)Netrition.com b)Bodybuilding.com c)The Vitamin Shopee d)Nutrition Express e)GNC Live well f)Vitamin World g)A1supplements.com h)Lone Star Distribution i)Whole Sale Supplement Store J)Allmax k)SNI USA l) strongernutrition.com Besides they are also distributed through health clubs, and health -food stores in USA
Brand Analysis:Total no of Products of Cyto Sport :- 40 Avg Price per product:- $34
Product focus:- energy from high quality carbohydrates, proteins and fats, fueling workouts and long training sessions, advanced complex carbohydrate, electrolyte performance energy drink. Ensures proper hydration, steady energy and reduced fatigue during exercise. Products yielding Maximum revenue:- Muscle Milk, Cytomax Natural,Muscle Milk RTD,Complete Whey, More Can be found at http://www.cytosport.com
Distribution:Their products are distributed through :1)Online Retailers as under:a)Netrition.com b)Bodybuilding.com c)The Vitamin Shopee d)Nutrition Express e)GNC Live well f)Vitamin World g)A1supplements.com h)Lone Star Distribution i)Whole Sale Supplement Store J)Allmax k)SNI USA l) strongernutrition.com Besides they are also distributed through health clubs, and health -food stores in USA
Product focus:- power anabolism,pre-workout, enhanced muscular definition, reduce the damaging effects of free radicals caused by UV radiation and other environmental factors, NOS-
Enhancing,Muscular Strength,Proteins
Products yielding Maximum revenue:- Anabolic Switch, Black powder,NO2,Pro-NOS
Distribution:Their products are distributed through :Popular Online Retailers as under:a)Netrition.com b)Bodybuilding.com c)The Vitamin Shopee d)Nutrition Express e)GNC Live well f)Vitamin World g)A1supplements.com h)Lone Star Distribution i)Whole Sale Supplement Store J)Allmax k)SNI USA l) strongernutrition.com Besides they are also distributed through health clubs, and health -food stores in USA
Product focus:- minimal carbohydrate meal supplement, maximize muscle gain and increase recovery potential,Energy Enhancement, Muscle Rebuilding,Creatine , Protein Enhancement, repair and recovery from workouts Products yielding Maximum revenue:- Myoplex ,PRO Science,
Distribution:Their products are distributed through :Popular Online Retailers as under:a)Netrition.com b)Bodybuilding.com c)The Vitamin Shopee d)Nutrition Express e)GNC Live well f)Vitamin World g)A1supplements.com h)Lone Star Distribution i)Whole Sale Supplement Store J)Allmax k)SNI USA l) strongernutrition.com Besides they are also distributed through health clubs, and health -food stores in USA
100% Whey Gold Standard Variety Pack, 16 pack Sale price: $18.99
Product focus:- overall health and performance.Creatine, Protein enhancement, increase endurance, healing, growth and restful sleep, tools for strength and power, lasting size, reduced muscle soreness, and faster post-workout recovery, weight gain, stabilize blood sugar levels and help the efficiency of glycogen storage in the liver and muscle tissue,Vitamins and Minerals,Amino acids,Muscle Strength. Products yielding Maximum revenue:- 100% Gold Standard Whey ,Creatine Powder,Serious Mass,After Max,Opti-Men,Opti Vites,ZMA,Casein Protein,Pro Complex,Stevia, Serious Mass. More Can be found at http://www.optimumnutrition.com
Distribution:Their products are distributed through :1)Their Online Web store 2) Popular Online Retailers/Distributors as under:a) Netrition.com b)Bodybuilding.com c)The Vitamin Shopee d)Nutrition Express e)GNC Live well f)Vitamin World g)A1supplements.com h)Lone Star Distribution i)Whole Sale Supplement Store j)Allmax k)SNI USA l) strongernutrition.com Besides they are also distributed through health clubs, and health -food stores in USA
Produ t and
eneral
It has been observed during the analysis of the top sellers in Sports Nutrition that : ) A era e pri e per produ t per rand is et een ) Top Prdou t o us in ludes ollo in se ments -
3)
ere as Ni
ed in ollo in se ments:-
A ino Acids Antioxidants Cellulite Cream Cholesterol Reducers Creatine Detoxification Formula EFAs / Beneficial Oils Energy Booster Glutamine Immune Booster Intra Workout Formula Joint Support Liver Support Mood Enhancer Muscle Enhancers Natural Nitric Oxide Post Workout Formula Pre Workout Formula Protein Recovery Formula Sleep Aids Tanning Products Testosterone Booster Vascular Dilators Vitamins / Minerals Water Loss Products Weight Gainer Weight Loss
BodyBuilding.com
http://www.bodybuilding.com
http://www.vitaminshoppe.com
Nutrition Express
http://www.nutritionexpress.com
A1 Supplements
http://www.a1supplements.com
SupplementWarehouse.c om
http://www.SupplementWarehouse .com
All-Star Health
http://www.allstarhealth.com
Victory Supplements
http://www.victorysupplements.co m
Super Supplements
http://www.supersup.com
www.muscleandstrength.com
www.n101.com
SND CANADA
http://www.sndcanada.com
Supplements Canada
http://www.supplementscanada.com
GNC
http://www.gnc.ca
Nutrition House
http://www.nutritionhouse.com
SVN Canada
https://www.svncanada.com
FitShop.ca
http://www.fitshop.ca
HERC's Nutrition
http://www.hercs.com/
http://www.yourgoodhealth.com
http://www.hbscanada.com
Allmax Nutrition UK
http://www.allmaxnutrition.co.uk
Distributional Analysis according to Channels :6DOHVFKDQQHOVLQFOXGH 5HWDLO 1)++&2WKHU 5HWDLO 0DVV0DUNHW 0DLO2UGHU 0XOWL/HYHO1HWZRUN 3UDFWLWLRQHUV)LWQHVV&OXEVDQG ,QWHUQHW
Source:- NBJ
MLM
Practitioner
Key Points
32
56
a ss Market Retail
29
25
36
lements
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Natural and Specialty Retail represents natural, health food, supplement and specialty retail outlets. Mass Market Retail represents grocery, drug, mass merchandise, club and convenience stores. Mail Order represents catalogs, direct mail, direct response TV and direct response radio. Practitioners represent conventional and alternative practitoners selling to their patients as well as heath clubs. MLM represents multi-level marketers or network marketers U.S. sales of dietary supplements, natural & organic foods and beverages, functional foods and beverages, and natural & organic personal care (N&OPC) and household products in the four NBJ-defined direct-to-consumer channels multi-level marketing (MLM), practitioner, Internet and direct response increased 6.9% to $18.2 billion in 2009. U. S. direct-toconsumer sales accounted for 12% of total U.S. nutrition industry sales in 2008 Disribution can be enhanced by tie up with upcoming online stores like www.usasports.net
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Starting your own body building supplement shop is a lucrative and profitable business. You need to assess on the products that you will sell in your store as this can make and break your entire business. If you are fitness fanatic, it might have cross your mind to start a business related to it. It is a good idea to turn a hobby into a money making venture. There are a lot of options for you. You might want to start a gym, become a personal trainer or start your own bodybuilding supplement shop. The last one may prove to be lucrative as there are quite few shops that deal with bodybuilding supplements
Any supplement company would be successful if they: 1. 2. 3. 4. Are carried by the major supplement retailers or distributors. Are respected in the industry by competitors and customers. Are giving great results to people that buy and use their product. Are making a profit.
The following guidelines and tips can help you succeed where MANY have failed!
The following guidelines and tips can help you succeed where MANY have failed!
A) Be Different:If you are starting a supplement line, it is very easy to simply try to copy the popular products that are on the market. We have seen too many supplement lines that have a generic whey protein, a creatine, a multi-vitamin, and a glutamine. Sometimes they also offer some basic copy-cat amino acids and usually have a version of the latest "hot" product. So one should not have only these products, which are obviously all big sellers but should be more than this. A company that does not differentiate itself will not succeed. Unless you can offer your products cheaper than the leading brands, then why would customers choose your plain creatine product? If you offer a few cutting-edge and unique products, you can round out your line with a plain creatine, whey protein, etc., since customers that are buying your unique products may want to add these other products to their supplement plan. If you simply copy what 100 other brands already have, there is no reason for retailers to pick up your product or for customers to choose you over a bigger, more well-known brand.
B) Create Good Looking & Accurate Labels You can have the greatest product in the world, but if it is not packaged nicely, it will not sell or be as trusted. Customers should not judge a book by its cover, but the fact of the matter is that they do. The supplement lines with the coolest and flashiest labels, often sell better even if they are the same as other lines. Customers (sometimes accurately) decide if a company knows what they are doing if the company spent time creating professional labels that have accurate information.
Hire a good graphic designer and don't accept anything but the best for your labels. Check the labels for accuracy and be sure you have the proper disclaimers on them. FDA requires certain statements to be made. Make sure you have the right ones by contacting FDA at http://www.fda.gov and also by studying the labels of well-known supplement companies.
3) Get Insurance This is necessary. We all know that in this sue-happy world, a customer may blame some type of negative effect on your product, whether it is true or not. All of your hard work could go down the drain if you are not protected.
When we are out of a product, we try to tell customers to choose a different product. This means that the loyal buyer of your brand is now being introduced to another brand. If it is not in stock, you can't make a sale. It doesn't matter if you have a huge demand for it or not. e.g One recently went to the mall to buy some shoes from Foot Locker. He had 100 in his hand, ready to buy. The sales rep checked and they didn't have his size! All the work that Foot Locker did to create a store, advertise it and hire employees didn't matter. He was about to give them another 100 in revenue (on a slow day) and they would NOT let him do it. This is true in any company. Keeping products in stock can be difficult, but it is worth applying effort to. You will be known as a reliable supplier and you will win new customers. Making the retailers look bad to their customers (the customer blames the retailer in their mind, not the supplement company) is not a good way to do business.
5) Create A Demand With Advertising Unless you have some new and amazing product, people will not know about it if you do not advertise. When we look to pick up a new brand that we have not heard of, we ask them about their advertising programs. Are they advertising nationally? If not, why should we carry it? The last thing a retailer wants to do is spend money on a new brand and then just watch it collect dust until it expires. Of course, if the product is different or new, retailers may still take a chance on it. If you can afford it, advertising in the national muscle magazines not only will create a demand for your product, but it will have the retailers calling YOU to buy your product, rather than the other way around. The best thing you can do is make it so that customers ask retailers about your product.
6) Contact The Major Distributors Once you have created the products and created a demand, if you can get a supplement distributor to pick up your line, it can take your company to new levels. Many retail stores simply purchase the brands that their distributors carry, since that is the easiest way to order.
This is not mandatory, and you can be successful by selling direct. In fact, if your pricing model depends on it, you may not want to have a middle-man.
Are you a supplement and biology guru? If not, you better become one before you create your products. You may be better at the business or advertising side of things, and hiring a "guru" may be a better idea. You can even contract a person that you do not hire to create a product for you for a fee. The companies that are successful are constantly reviewing the latest supplement studies and creating their own tests. Creating products that are not based on real science just brings this industry down and gives every company a bad reputation.
Unless your brand is very well-known, do not expect to simply send the products to retailers without support materials. This is especially true if you succeeded in creating different and/or new products. Giving the retailer informational brochures that they can give to customers and use to educate employees will help in a big way. The last thing a retailer wants is for a customer to ask them about your product and be left with no answers. Customer: "Is this product any good? Employee: "Um? it's pretty good. I heard one guy whose friend used it got some good results." Customer: "What is this ingredient? hydroxy-amino-creatine-malate-tryptophan?" Employee: "Oh? HACMT is awesome! It really works." Customer: "How does it work?" Employee: "Um? uh? you take it orally and then workout and stuff." That makes the retailer look bad and the product won't sell. Other ideas for support material would be REAL testimonials, a place that employees can call for information, posters, stickers, free gifts for the customers, educational information for the employees, hand-outs, REAL before and after pics, or other things like this. Be creative. Also, be truthful. Don't make things up to sell products. It may work in the short-term, but in the long run you will lose in a big way.
This is another simple tip that some companies don't follow. Putting a barcode on a label is as simple as downloading a barcode font from the Internet and putting in on the side of your product. For some reason, many companies do not do this, and it is a hassle for the retailer. Most retailers have a scanner for ringing up purchases in their store. If your brand is one of the ones that they have to "manually" look up and enter in, it will be thought of as a pain in the butt. It also makes
When pricing your product, you may either be tempted to charge too much for your product to make a big profit ("If I only sell 20 bottles a day, I will be rich!") or charge too little in order to sell more ("At 10 per bottle, I will be the cheapest and sell a ton!"). Charging too much will severely limit your sales, because unless your product is absolutely unlike anything out there and it works better, customers will not buy it. There is too much competition out there for a customer to choose your expensive brand otherwise. Be realistic rather than simply looking at the potential dollar signs. Also, if you charge too much, many customers will simply not be able to afford it, even if they want the product. They will be forced to choose a different product. This will limit your sales. On the other hand, if you try to set your price too low, you will make it hard for your company to make a profit (which can hopefully be re-invested in new science and/or marketing), and you will make it hard for the retailers to make a profit. Many retail stores simply can't survive by only making a few bucks per sale, since they have a lot of costs to keep their stores open. It is easy to understand how some companies can charge too little for their products, and put themselves out of business. One day they run a sale on their creatine, and BAM!, sales increase by 50%! To a company owner, sales are like crack cocaine. They love sales and need sales to fuel their ego and they believe higher revenues always means more success. So the company leaves the creatine price at this low price in order to keep their sales up, not realizing that they are not making enough money to even pay their bills. When they realize what is happening, they raise the price back up, but the sales fall back down to normal, or even lower than normal since customers will be upset at the price increase. Short-term sales are fine every once in awhile, but be careful about setting your prices so low that you can't survive. To price effectively, study the market for similar products, look at all the costs involved in running your company, and keep in mind that the retailers who carry your line must also be able to make a profit and pay their bills. Test different pricing structures if you are unsure, until you find the perfect one for your company.
Most likely you will be having your products manufactured by another company. Be sure to choose a company with a good reputation, and demand that you get a certificate of analysis for every batch that they run for you. If they won't do it, or if you do not trust that they are doing it correctly, do not use them, even if they have the best prices. Get your products tested from time to time from another third party to be sure. If it comes out that your products do not meet what your labels say they are, your company is pretty much through. Start over with a new name if you think you can. This hurts the industry as a whole since customers will wonder if other brands are as "shady" as you are. The media also loves these kind of negative stories, as we all learned from the ephedra fiasco.
This is the most important tip of all. If your products do not work, you will not be successful. End of discussion. If you spend millions in advertising, you may make money in the short-term, but it will not last. Customers will only be burned once, and they will tell everybody they know (and millions that they don't know on the Internet). You will be hurting the industry since customers will be leery of other products on the market. Test your products. Use real science. If a product is a dud, discontinue it or don't come out with it at all. Word of mouth is by far the most powerful form of advertising and it will make or break your business, your investment, and your hard work.
13) BONUS! The Secret To Getting Any Store To Carry Your Line
So if you have the done the above, what is the next step? Obviously, getting your product on the sites and shelves of the leading supplement retailers is the only way to true success. Selling it by yourself on your own site or in your own store limits your revenue in a huge way. You want to have your products in front of as many supplement buying customers as possible. So how do you convince a site or store owner to spend their money and time in order to carry your line? They have probably been contacted by five other companies this week alone! The secret is to give them free product to start with. If you send them a small amount of each product in your line, absolutely free, the offer is almost too hard for any retailer to resist. They can put in on their shelves or on their site, and make 100% profit with no strings attached. Why not at least give it a try, and if it doesn't sell, they haven't lost anything, and if it does sell, they have just made money for nothing. The thing is, once they have spent the time putting the product into their company systems or onto their site, it is easy for them to place an order with you. Also, they have introduced your products to their customers. If these customers liked your product, they will come back to purchase again. The retailer needs to keep it in stock to please their loyal customers! They have no choice but to place an order. It's a win-win situation. This obviously won't work if your product has a bad reputation, horrible labels, or something else that will make the retailer uneasy.
14) Conclusion
So that's it. Pretty easy, huh? If you work hard and always keep the customer in mind at ALL times, you can succeed. You can help the industry to improve and make a lot of friends at the same time. Isn't that what everybody wants? Source :- Bodybuilding.com
A brief Introduction about Laws and Framework in Nutrition Business in USA with Uses and Sideaffects of some Supplements
Dietary Supplement Health and Education Act Signed on Oct 25 1994 Congresss intent was to meet the concerns of consumers and manufacturers to help ensure that safe and appropriately labeled products remain available to those who want to use them. Definition, new framework for safety, outline guidelines for literature displayed, claims, ingredients Congress passed DSHEA in 1994 on the basis of two quite questionable assumptions: that supplements are basically harmless, and that supplement makers are honest .
Look for standardized supplements (USP) Buy only single-name supplements Beware of claims that sound too good to be true Be extremely cautious about supplements manufactured outside of USA
Europe is an exception The distinctive USP Verified Mark represents that USP has rigorously tested and verified the supplement, to assure the following: 1. What's on the label is in fact in the bottle all the listed ingredients in the declared amount. 2. The supplement does not contain harmful levels of contaminants. 3. The supplement will break down and release ingredients in the body 4. The supplement has been made under good manufacturing practices. USP is an independent, not-for-profit organization. o other organization in the U.S. that tests supplements is recognized in federal law as the nation's official standard-setting body for medicines and supplements. USP standards are enforceable by the FDA.
It Should Include: -
y y y y
Brand name Dose Amt of Active Ingredient Subscription needed for full details
Supplements not meant to replace foods, but to supplement diet Use peer-reviewed non-biased scientific trials to determine effectiveness Double blind Placebo controlled If it doesn t have a side effect, it probably doesn t work.
Some Famous Supplements with their Uses and Side affects: Amino Acid powders/Protein drinks Creatine Anabolic Steriods & Precursors
Ephedra
a) Amino Acids:-
Amino Acids are building blocks of proteins.They are in Powder form for sport performance/body building .There are 20 different amino acids, get varying amounts from protein containing foods.They increase muscle size and help in weight gain.
Dosing and Side Effects : Dosing:
1-2 scoops of powder (2-4 Tbsp) before work out, variable upon brand Usually mix with water or milk*(Usually whey protein)
Side Effects:
Well-tolerated Stomach cramping, diarrhea, weight gain Consider whole foods b) Creatine: Phosphocreatine for energy ATP -> Phosphocreatine -> Glucose -> Fat Best used in sports/events needing short bursts of energy Sprinting Wrestling
Side effects and use: Side Effects
Shot put
Nausea
Cramping Diarrhea Stomach pain May cause kidney and liver problems
Use
Most athletes consume 20-30 g/day, but studies done on athletes using 5 g/day, as the manufacturer recommends ~5 of middle and high schoolers had used creatine May lead to more dangerous supplement use
c)
Anabolic Steroids: Synthetic form of testosterone Gels Tablets Injections Patches Build muscle and increase endurance 3 million people use steroids, 1 in 4 started as teens, 1 in 10 is a teen
Side Effects:-
Halt bone growth Permanently short stature Heart damage Liver damage
d) Steroid precursors: -
Dehydroepiandrosterone (DHEA)
Ephedra (Ma Huang): Used by athletes to reduce fatigue, increase mental awareness, and induce weight loss Weight loss shown when used in combination with caffeine, when used alone results questionable
Side Effects
ephedra is harmful * According to a recent study conducted by the University of Michigan, 25 of girls turn to pills when trying to lose weight
Sources:Some Useful Links while Making this report: Bodybuilding.com Massnutrition.com Nutrition Business Journal nutrishopusa.com europasports.com strongernutrition.com lonestardistribution.com usalabs.com Allmax Search Engine:www.google.com Research Reports Euromointor, Market Research Reports BCC Research Mintel Journals , Magazines/E-Magazines Nutrition Business Journal Nutraceuticals World Food Navigatior