Building a Business on a Cloud and Starting a Vape Shop
Whether you know it or not, the chances are that you have come across a consumer of one the fastest growing tobacco products available on the market as of right now.
Perhaps, it was a soft scent of mango wafting from an unknown source or the linger cloud that seemingly exited a person as they walked by you, whatever it may have been, you’ve certainly come across this latest development within the tobacco world.
We’re talking about utilizing a liquid nicotine within a vaporizer or vaping as it is more commonly referred to by those that utilize the product.
And while it vaping may have been around on the market for some time now, the world of business is finally starting to take notice as this “trend” is proving to more than simply as trend.
Here’s a quick little tutorial on how vaping works for those that a not be familiar with the process.
For the most part, vapers, as they are referred to among their circles, utilizes a small handheld device, usually called a mod or vape, which in turn is used to heat the source of the nicotine delivery system, the vape juice. How the vape juice is heated to a flash point varies from device to device but the principle remains the same.
So, now that our little lesson is over, let’s move towards the topic at hand, taking advantage of this booming business opportunity and its growing market.
Starting a vape shop is much like starting any other small business, though, with a few extra hurdles thrown into the process in the form of regulation from the FDA regarding the products sold.
So, that being the case, it is important that much like any business, you first do your research.
First and foremost, there is the task of securing funding for your venture.
Here is where the process of opening a vape shop begins to differ from that of a opening another type of small business.
While banks and lenders would be more than willing to provide the funds needed for start up, it can prove a bit trickier when the business involved is one that so happens to move vape juice as opposed to lattes.
Though, funding may prove challenging, there are numerous ways to secure funding for starting a vape shop.
That said, given that the industry is making its way towards becoming recognized by healthcare organizations as a valid substitute for analog smoking, the process of gaining funding is becoming a bit easier.
Moving onwards to securing a location for your new vape shop.
As with any business, it is important to first do a bit of scouting before choosing to put your name on any lease agreements.
It would be a quick grand opening to moving sale sign turnaround if you were to pick a location that is not viable to moving units.
So, the point to be taken? Do your homework before deciding on the perfect place for your vape shop.
Let’s move on to talking about what you plan to sell. Every store must have some units to move and something in which to do business with, the same is true for a vape shop.
So, it becomes important that you began reaching out to suppliers that offer products in which vapers would like to purchase.
To understand what products sell, it may be of some use to do a bit of research within the culture to understand what vapers are vaping at the moment.
That said, it is important to note that not all vape juices are created equally.
So, to avoid having to offload a shipment of product at price or, even worse, eat the entire cost itself, do your research into what might be selling and is in line with current trends amongst the community.
So, once you have your funding secured, the location decided upon, and your product shipped, the last thing to do is open your shop.
It pays to keep in mind that vape shops are less just typical stores in which consumers can receive a product and more a community hub in which members of the subculture can meet up to feel a part of the community.
So, in creating an environment that is conducive to bringing together individuals within the community, you create a space in which vapers will congregate and buy product.
In doing so, your business investment has the highest potential to turn a profit.
And that how it is done in this industry.