Starting a Vape Shop? Here are The 4 Things You Will Need

Thinking of starting a vape shop?

Like most businesses, embarking on the adventure of opening a vape store is no easy task. But there are a few key aspects — that if addressed early — will set your business up for success in the future. Intrigued? Here are 4 key things needed to reach vaping victory.

1. Prepare a Business Plan

Vaping and e-cigarettes is an enthusiast driven hobby. There’s a vast vape community that obsessively covers the details of everything from the latest mods to new types of liquid and even pending FDA legislation. This bleeds over to the business side of things, inspiring many would-be entrepreneurs to open up a vape shop based solely on their love of the hobby.

2. A High-Trafficked Area

This one probably isn’t a surprise. Like most retail businesses starting out, you want to choose a location for your vape shop with plenty of foot traffic, parking, and an inviting storefront. The more foot traffic that passes your vape shop on any given day, the better.

Where vaping differs from other retail businesses is the size and growth of the industry. Vaping is a hot trend, with the vape industry projected to grow from $8 billion in 2015 to $47 billion in 2025. Everyone is looking to get in on the action, and that makes the location that much more important.

5. A Reliable Supplier and a Quality Product

You’re starting a vape shop, so it’s safe to assume that you have a passion for vaping and a few favorite products and brands of your own. The good news is that you know how to choose a reliable supplier and a quality product. So buckle down and do your homework. It’s crucial for you to find the Best E liquid wholesale distributor in Australia . Do a little market research and ask around. What are vapers looking for? What do they feel vape shops are currently missing and what would they be excited to see at a new shop?

4. Share Your Knowledge and Offer Great Customer Service

The importance of knowing your customer is a truism that applies to the vape and e-cigarette industry. As a vapor store owner, it’s important to recognize that some of your customers will be entirely new for vaping, others will be experts, and many will fall somewhere in-between.

Vape store owner checking their social media.

6. A Smoking Social Media Presence

Social media is critical for any retail business; it helps drive traffic to your store and is integral in building a strong and personable brand. But since search engines such as Google and Bing don’t allow vape stores to bid on pay-per-click keywords, this makes a strong social media strategy crucial to starting and running an efficient business.

3. Create a Welcoming Atmosphere

The atmosphere of your store is a significant way to differentiate yourself and get a leg up on the competition, especially if you can’t compete on price as the case of an online vape shop can. To that end, if you consider your vape store more of a vape lounge you’ll be on the right track.

7. iPad-Based POS System

Purchasing an iPad-based POS is one of the most important moves you can make when starting any business.

Starting your own business can definitely feel overwhelming at times. But with the recent surge in the popularity of vaping, starting a vape shop can be a lucrative endeavor. Do your research, stay focused and the success of your business will come.

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