Vape Distributor 101: How to Start Your Own Vape Shop
The vaping industry is expected to rake in more than $3.5 billion in 2018.
So if you're thinking about potentially becoming a vape distributor, we don't blame you one bit! There is a lot of money to be made in opening up your own vape shop and selling e-juices, e-cigarettes, and other vaping supplies.
Before you set up shop, though, it's important for you to learn exactly how to turn yourself into a successful vape distributor. Otherwise, you could end up spending a lot of time and effort and not turning much of a profit.
Check out how to start your own vape shop below.
Create a Business Plan for Your Vape Shop
The first thing you should do when you decide that you're going to become a vape distributor is create a business plan for your company. It'll help you set goals for your business and meet them.
Start by researching the local market to see how much of a demand exists for vaping supplies. If you find that there's enough of a demand, decide what kind of supplies you're going to sell, how you're going to fund your operation, and what steps you're going to take to market your business.
Your business plan should serve as your guide as you set out to get your vape shop off the ground. Refer back to it early and often.
Find a Physical Location for Your Vape Shop
The great thing about opening a vape shop is that you don't need a huge shop to do it. Your physical location can basically be just large enough to hold the supplies you're going to be selling.
But ideally, you should look for a location that's situated in a high-traffic area. It'll allow you to bring in business from those who are just walking by and interested in learning more about vaping.
Obtain the Vaping Supplies You Plan to Sell
As a vape distributor, you're going to need to invest in lots of different vaping supplies. You want to give your customers a wide assortment of supplies to choose from when they come to you.
Stock up on supplies like:
- Vape batteries and battery chargers
- Replacement coils
- And more
Your goal should be to sell just about anything anyone could possibly want from a vape distributor in your store. And in addition to offering a large number of supplies, keep quality in mind when ordering items you're going to sell.
Set Up a Vape Shop Website
While a lot of your sales will come from those who visit your shop, why limit yourself? If you're going to make as much money as possible as a vape distributor, you should also establish a website for your shop.
You can sell all the items you sell in your store on your website. Just make sure you put a system in place so that you don't break any laws while taking orders from customers and shipping out packages to them, especially if you're shipping them across state lines.
Market Your Vape Shop Accordingly
Once your vape shop is up and running, it'll be important for you to market it hard.
You can market your business by running ads in local newspapers. You can also set up social media accounts for your shop and market it on Facebook, Twitter, Instagram, and more.
You might even want to hit the streets and do some guerilla marketing. It'll put your vape shop on the map and encourage people to come and check you out.
Becoming a Vape Distributor Can Be Very Lucrative
The vaping industry is really enjoying a moment right now, so you should strike while the iron is hot.
Set up a vape shop in your city or town and become the premier vape distributor in your area. It could pay off in a big way if the industry continues to grow as much as it has in recent years.