starting a legit supplement company????

zephyr22 · Jan 11, 2006

This is off topic. I have a freind who is a pharmacist. He recently approached me about starting a nutritional supplement company. He figured I lifted weights and was in to health etc.... He previously put himself through graduate school while selling "omnitrition" I believe that was the company he said he used. Anyway I have not taken a lot of supps in a long time just wondering what a decent safe market of products would be??? Any advice is welcome. Thanks.

W8killa · Jan 11, 2006

bro I am in the same boat as you...buddy is a pharm d and I am a MS chemist and we thought about opening a pharmacy/nutrition shop. He needs a couple more years to build some capital but I think we are going to go for it. We want to specialize in our own compounding because all the chain pharmacies dont do it. its a good idea....go for it

allbeef · Jan 11, 2006

Hey You two

One of the problems is the GMP standards. Good Medical Practice. I can get the equipment to do 40,000 capsules and 50,000 tabs a hour, duster, mixer, dryer, sugar coater, counter bottler, sealer, capper, and labeler, for about $70,000 delivered. But the analytical equipment and the other extra stuff you need to meet GMP is going to add another $30,000.

If you want to PM me with your address or send it to my email I can give you a nice layout and itemized list of equipment and agent pricing from a shanghai pharmaceutical machinary factory.

You want to go after the HRT market and offer private labeling to physician clinics.

Allbeef

A50# · Jan 11, 2006

I've looked into doing this many times. The start up fee's are pretty high to get going. Even if you hire out to have a product made the majority of manufacturers have a 100,000 unit minimum (capsule/tablet) per product.
Just to have one product made could literally cost $10k+

LEX · Jan 12, 2006

I made a specialty supplement that worked great but wasnt marketed properly.

My advise is that you need alot of capital to advertise and you have to throw alot of money at that. It must be on a national level and be effective.
sadly it hardly matters if it is a great supplement but if it is marketed right.
Just make sure to set aside enuff to do that.