So you're ready to make the leap into starting your own profitable, successful vape business. But what does starting a vape business involve?
I Want To Open A Vape Shop - What Next?
1. Create Your Business Plan
For your launch, you will want to establish your start-up costs, running costs, sales forecast, and marketing plan. Consider your position in the market and whether you will sell via a physical store, a website or a blend of the two. To ascertain the cost of opening a vape shop ask key questions such as, how will you promote your business? How will you staff it? What is your plan for distribution - will you house your own stock or dropship it? What is your brand? These are all key questions to resolve.
Remember, E-Liquid Wholesale can help you with a number of these key considerations. For example, we can provide wholesale trade at competitive products, white-label products for your own branding, and even your own unique flavour formulations in line with TPD compliance regulations.
2. Find Your Supplier
The right supplier and the right product are essential. A good supplier will ensure you have stock when you need it and be flexible on order quantities, whilst providing quality flavours and formulations that will keep your customers coming back for more. At E-Liquid Wholesale, we offer some of the fastest fulfilment lead times and lowest minimum orders.
3. Focus On Customer Service
Whether you operate a physical store or an e-commerce store, great customer service can be a sustainable differentiator. Customers expect a great experience and will choose to be loyal to stores that offer it. Show that you understand your customers and wish to delight them with your products - delivered on time, at the right price - with loyalty benefits for repeat orders.
4. Get Your Brand Right
Use a professional designer to create a compelling, memorable brand that illustrates the quality of your product and your values. Apply your brand consistently across your website, physical products and marketing materials (including social media channels) to build recognition in the marketplace. E-Liquid Wholesale can help you to create a distinctive, effective brand at a cost-effective price.
5. Make Sure You're Insured
Business insurance is essential and you must have adequate insurance in place to protect yourself, your business and your customers. Seek advice on this specialist area.
6. Know The Regulations
The vaping industry is regulated for safety and quality, and compliance is essential. This is another area in which ELW can assist you - providing compliant vaping blends which are in line with all necessary regulations.
With our superb track record and comprehensive range of vaping business support - from supplier partnerships to unique formulation development, and from OEM white-label product delivery through to co-packing - E-Liquid Wholesale are here to help you to build a successful vaping business. Please contact us to find out more.