Purchasing products for your vape shops is one of the most critical elements of running a successful business. Unfortunately, it’s also one of the most daunting tasks that you will encounter.
When I took on the responsibility of ordering product for our shop 4 years ago, there were very few wholesale companies serving the market. Today, there are hundreds! So how do you figure out who to do business with, and what to avoid?
To order from US based wholesalers, or directly from China?
Starting an online vape store can be a fun and profitable activity, but it takes some work to make it happen. This article outlines 17 guidelines you need to know to start your own online store selling vapes and related products.
There are several steps to the process, including getting an EIN number, checking states requirements, getting a letter from a lawyer, opening a Shopify account, and so on. If you’re ready, let’s get started!
The vaping industry has a huge amount of traffic, hundreds of thousands of people a month search for vaping products online. It all comes down to product selection, on-site content (like blogs and videos) and technology. You’ll also need to learn what backlinks are as you will probably need some, but we’ll explain that below.
This guide covers briefly the main things that have to be done to start an online vape store. It is a starting point. Prepare to put in some time adding products and writing textual content. Hopefully, you already know some things about vaping. That will help with your articles. If not, start doing some reading and research. If you’ve never vaped before, you might order an inexpensive vape and some inexpensive ejuice so that you can see what vaping is like (if you don’t want to vape nicotine you can purchased zero nicotine juice).
I hate Chinese New Year (CNY)! Don’t get me wrong, I love Chinese culture but for an industry that depends so heavy on trendy products that mostly come from China, its crazy to see all that come to a halt for like a month. Not only that but CNY comes during Tax season when so many more customers will have more spending money.
So why did I go on a little rant about CNY? Well its because almost every month at least 50% of my sales are from 2 or 3 products that are hot that month. With nothing new being announced for a solid month, there is only “old” products to sell. In only a matter of months many products become obsolete and lose their profit margins.
But thankfuly that is coming to an end. I went to ECC in Ontario CA early Feb, 2018. There was a lot of hardware manufacturers there all showing unannounced products that will be officially announced post CNY, Pure gold.
Here are the products I feel you should prepare now for.
VapingZone, a leading E-Cig store in the USA, provided their list of top starter kits for new vapers from 2017. This article is a great resource for your shop sales staff and should give you good ideas on what new vapers are looking for in a starter kit.
As a vape shop owner, you should have passion for what you do, especially since your love of the industry is one factor in your long-term success. But you can’t run your business purely on passion; you need to know how to make money from your shop, too.
Based on our experience with this industry, about 80 percent of the vape shops out there will probably be gone in a few years. If you want your shop to be among the last ones standing, you need to have some inside knowledge on how to ramp up revenue, and we have the information you need.