The latest analysis is telling us that the vaping industry is going to double in the coming years. There are many entrepreneurs wondering how to open a vape shop. If you fall into this category then you have come to the right place. We can’t provide a formula for opening an e-cig business because the rules and regulations vary by jurisdiction.
We can cover some basics and what you need to focus on to succeed.Obviously, the first steps include getting a business license for your area and a tax id. You need to have your financing planned out and in order. There are two ways you can open a vape shop. You can buy a franchise or you can open an independent store. If you go the franchise route, you will have to follow corporate guidelines. If you go the independent route, you can forge your own path. Both options have their advantages and disadvantages.
The vaping business regulations may vary by state or by community across the country. For example in some cities like LA, you will need to have a tobacco retailer’s permit in addition to business licenses. There is no one size fits all plan for how to open a vape shop. But there are three keys to success that we want to cover.
How to Open a Vape Shop
Long days, stress, anxiety. These are the hardships entrepreneurs face. You are taking a big risk. The other side of the coin is the delicious possibility of success. Of controlling your own destiny. Answering to no one except yourself. There is no way around the hard work but good preparation can help you mitigate the risks and achieve success.
If you are unfamiliar with vaping, it is important to do your due diligence and become familiar with the vaping community. Visit domes forums and see what people are talking about. Bear in mind, however, that forums are generally filled with aficionados. You will be best served by understanding what the aficionado is looking for while at the same time keeping in mind that many of your customers may be just learning how to vape.
Knowing how to open a vape shop starts with knowing what your customers will be looking for. You do your due diligence, get your financing and licenses in order. The, you focus on getting customers in your door and making sure you deliver the products and service that will build your business.
Three Keys To A Successful Vapor Store
Location, location, location
The first key to opening a successful vape shop is actually three key steps in one. Location, location, location! You’ve no doubt heard it before and it remains as true as ever. Where to open a vape shop is every bit as important as how to open a vape shop.
Do your research. Know your city. Scout potential locations. Take your time and make a decision that you feel good about. Here are some tips for choosing a vape shop location:
Visibility. Choose a location that will be seen by both foot traffic and passing motorists.
A corner location that can be approached from two different directions can increase customer access to your location.
Ample room for visible signage.
In terms of parking, a dedicated parking lot is a luxury but not a necessity. Visibility and access are primary. If people can’t find you, they won’t. If people can find you, they will.
Hiring Vape Shop Staff
Vape shops are usually open six or seven days a week. Typical business hours are 11 am to 9 pm. You may plan on working every day at all hours but chances are you will need to hire a staff to help you provide the necessary service to your customers. Hiring vape shop staff will be crucial. Your staff can make or break your shop.
While you may want to hire people you know, it is important that your staff knows and loves vaping. Staff members should be able to relate to and serve customers.
Staff members need to know vaping and your products
Staff member should be able to relate to customers
Vape Shop Products
A long time ago Dray, Mig Vapor’s founder, learned a valuable lesson from Sam Walton. Dray made a deal with Mr. Walton to sell mattresses on Walmart property. The deal was contingent on one thing. Mr. Walton said that if there was so much as one upset customer, the deal was off. Customer satisfaction is imperative.
Quality is paramount. You must avoid sketchy suppliers offering deals that seem too good to be true. You do now want to sell cloned, fake e-cigs. Trust only reputable wholesale vape distributors or buy directly from the manufacturers yourself. Additionally, you want a wide variety of products for the full range of vaping styles. From beginners to the advanced vapor.
Proprietary products and e-liquids will give you an edge. Every vape shop will have the basic mods and e-liquids. Depending on the laws in your state, you should consider carrying dry herb vaporizers. It is a good idea to carry trending, popular products. But you will also want to carry products that the other shops in your area will not have. Carve out a unique niche.
One advantage that many vape shops overlook is working with the proven American vape brands like Mig Vapor. The advantage for you as a vape shop owner is proprietary products like Vapor vape juice, advanced mods and vaporizers, and e-cigs for beginners. SHOP NOW
Quality products and e-liquids are critical
Have a range of products a variety of vaping styles
Proprietary products can give you an edge
We recommend that you contact a Vapor wholesale to develop a plan for offering your customers a complete line of unique vapor products.