Are a vaping aficionado? Are you looking to venture in the vaping world and set up vaping shop? First, electronic cigarettes were invented in the 1960s but the technology kicked off in the 2000s with a worldwide market worth of $20 billion today, see more on this website.
Take your time to look for the ideal location, once a business is located in a wrong location, it will fail, take time and do your research on your target customers see more now!
Once you have run comps with the realtors, set your shop in store front than enjoys ,major foot traffic, this is because the location and better research will give your business the required boost for it to thrive, read more here.
Get a large signage, the wordings needs to be large and the spot an inviting one, ensure the furnishings are spot on and the address well visible for more view here!
In order to stock your shop with quality products look for a legit supplier, take some time to look for an ideal supplier, pay attention on the credits and the customers reviews, check the supplier credential and also test the product, view here.
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.
Ensure your shop is always stocked with the locals favorite brands also ask them what they would like to be stocked and ensure this is one way to make them stay.
For nearly all business, social media presence is paramount to take it to the large masses but it is more important to the industries that rely on the word of mouth, an engaging Facebook, Twitter and Instagram account are required, discover more here.
Adopt an online presence where your customers can ask and make orders any time, run promotions and discounts and be sure to post relevant news pertaining to about the product like starting to write a blog ,also be sure to read the customers reviews and appreciate the troll whether positive or negative and handle them professionally, more info 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.