How to Start a Vape/e-cigarette Store
The Vape/e-cigarette industry has grown very fast in the last few years and if you have any doubt about this. Then the fact that an estimated 2.2million Americans regularly used e-cigarettes in 2015 according to a survey by the Office of National Statistics data should convince you that this industry is growing.How to Start a Vape/e-cigarette Store.
There are a few things that are required of a business owner who wants to set up a vape store and in this article, we will explore the different important factors within this niche.
Cost is very important because it is not cheap to get the best product and set up your store because this would also play a part in the size of your store. Big stores are usually expensive while the small ones are easier to manage. The number of customers and product that you are looking to get would play a big part in the final cost for setting up a vape store.
- Location: there are things to consider before deciding on the right location. Your store location should be accessible and somewhere you can draw traffic from. It could be near a grocery store, movie theatres anything that draws the attention of customers.
- Competition: research your own market. Know the completion you have. This is essential because even though you have a good location ensuring your customers stay and increasing your customer base is important.
- Carry the Best E-Cigarette and E-Liquid Brands
It is very important to stock up the best vapor brands if you want to be successful in this business. The best products are easy to promote and you don’t have to do much to draw customers in, but this might affect your profit in the long run.
Here is a sampling of some of the most popular e-cigarette and e-liquid brands that offer wholesale prices for vapor shops:
Use Social Media
Besides owning your own vape store, you should also consider capitalizing on social media. The vaping world has been recognized as a subculture where smokers depend on each other to quit cigarettes and help them socialize at the same time.
These are just a few tips that can help. Also never forget customers are always right but not all the time. Just ensure whatever advice you get can be of benefit to your vape store business at the end of the day.
To get your own vape store organized and increase your chances of funding check out our business plan template. Vape Store Business Plan Template