Vape Shops are one of the most profitable and fastest growing retail store trends in the United States. The entry in to the Vape Shop market is relatively easy. Here is a step by step instruction
- Check Vape Shop Regulations
- Securing a Location for your Vape Shop
- Obtaining Insurance / Licensing
- Signage / Naming / Branding
- Securing a Supplier
- Advertising and Marketing
1. Checking Vape Shop Regulations.
Every area may have different rules and regulations for opening a vape shop. Some states have also implemented taxes. It can be different depending on where you are located. If you want to check the rules and regulations for your area, the best way to do so is use Google and run a search including the municipality name and the term "vape regulation" and the term "vape tax" such as Pennsylvania Vape Tax or "Pennsylvania Vape Regulation". Just swap it out with your state name, and also run similar searches using the name of your city or county, as there could potentially be county vape shop regulations and/or city vape shop regulations depending on where you are located. And many places have no regulations at all! We are also happy to help anyone opening a vapor shop find these answers, so if you have a question about vape shop regulations in your area, please feel free to email us at email@example.com.
2. Securing The Proper Vape Shop Location:
A Vape Shop is best suited in high traffic areas. The more people driving by that can see your vape shop, the better. Many successful vape shops are found on busy roads and intersections, in busy plazas and malls. An example would be a store front in the same plaza as a grocery store, that would most likely be a great location considering everybody has to shop for groceries. Placing your vape shop business near other popular businesses is a good strategy. Some other locations our clients have worked at are kiosks, trade shows, flea markets, festivals and more! You also want to make sure that when you open a vape shop, you ensure that it has enough parking! People want to run in and run out real quick, they don't want to have to park a block away and walk to get into your store. Ideally you want your new vape shop location to also have a parking lot out front.
3. Obtaining The Proper Vape Shop Insurance:
You will need a general liability insurance policy for your vape shop and you should also have insurance on your inventory and the contents of your business to protect from unforeseen damages. A local insurance agent from your area will know exactly what you need. The best way to find a good local agent is to run a search on google for "local insurance agents".
4. Signage / Naming / Branding
Branding and Naming your vapor shop something memorable is important. Many of our customers use “Vape, Vapor, Ecig” or related words in the name. This is where your own creativity comes into play. Be sure to register your business name with your county or State as a DBA and file any necessary trademarks if you would like your name protected. Highly visible signage with your business name is best.
5. Securing A Supplier:
This is where we come in! WholesaleVapor is the #1 USA based vape shop supplier. We carry the latest and greatest of all electronic cigarette and wholesale vape shop supplies on the market today. Our inventory is constantly expanding with updated merchandise. Besides carrying just hardware, we carry accessories, wholesale vape juice, retail displays and anything that we think would sell good in a vape shop. We offer fast domestic shipping on all orders (no need to wait for production or your typical ~30 day turnaround time from China). Being a volume based business, we have special relationships with many of the top vape manufacturers. Our bulk purchasing allows us to receive products at lower rates – which we in turn pass those savings on to you with very little markup. If there is something that you or a customer of yours may be requesting, just contact us here and send a request that we carry it. We are always open to bringing in different products.
6. Advertising & Marketing:
Get your name out there! Contact local news organizations to let them know you are opening a new business. Contact your local radio, TV, newspaper and other advertising sources to help spread the word. We found that radio ads tend to be one of the most cost effective approaches to getting brand recognition and customers into the shop.
All in all opening a Vape Shop is one of the easiest businesses to get into nowadays and the profitability and expand-ability of your vape shop brand is determined by your drive to succeed. Help turn smokers to a healthier alternative, enjoy the work that you do, come be part of a revolution and open your vape shop today! You will not regret it.