What are the 5 Things to Consider when you are starting a Vape Shop?
Do you love vaping and are looking to set up a vape shop? Electronic cigarettes came to life in the 1960s but the technology was revamped in 2000s and currently stands at $20 billion, see more here.
Location is everything once you are planning on setting up a business, this is because a business can fail once it is placed in a wrong location and place, read more now.
Do your research and place your shop in an area with foot traffic and also in a store front that is visible, once you run the comps with realtors this will make your business a boost, read more here.
Never get comfortable with just one location, make the place an inviting spot, make sure the furnishings are inviting and spot on and also the signage should be large and readable, visit this site and check it out!
The supplier for the vape products needs to be legit, take time and go through the customers reviews and comments and ratings as well and the credentials, learn more.
Make it a step further and get to know your vapers, create rapport with them since they are the people who will sustain your business, ask what they are into and what brands they wished you had, this way helps to retain your customers more.
Ask your customers what they like and what they would like you to stock, ask for the popular brands and bring in the bets of the vape brands and ensure you stay stocked, click here.
Take your business online, social media presence is needed in almost all businesses, have an engaging and active Instagram page, Facebook and Twitter all where you interact with the target audience.
Adopt an online presence where your customers will be requesting for the products they want, make it an online shop as much as you have a physical shop, run promotions, discounts and be sure to post pertinent information on your product, see the benefits of this service here.
Again get all your financials in order before taking the vaping hobby to a professional business, if you lack enough capital you will be unable to stock your shop with the brands, see more info here, you can apply for loan or get private financing, more about vaping capital here.
Whether you decide to buy a franchise or opt to set up an independent shop ensure you have looked at all the aspect required to make your business thrive.