Everything you need to know to start a successful vape shop

July 19, 2018

Starting up a vape shop takes a unique combination of entrepreneurial know-how and deep knowledge of vape and smoking culture. This curated guide takes the best of the web on how to start a vape business, and open a successful vape shop.

Starting a Vape Shop: Vape Market Growth

Vape market growth has been phenomenal: Vape shops are one of the fastest growing businesses in the country. Why is vaping so popular? As smoking declines in popularity, people are looking for a healthier option. Research suggests vaping is slightly healthier than smoking because users aren’t inhaling as many toxins. Here is some powerful advice on how to start a vape shop including insider tips from vape business owners.

Planning a Smoke and Vape Business

Making a business plan helps you flesh out the details of your strategy and is a crucial step for starting up your vaping business. Business plans are often required for financing because they demonstrate that shop owners have fully researched their business and are ready to tackle the most common obstacles to success. Here we’re including our favorite links on how to write a business plan along with sample business plans specifically for vape shops.

[image: Vape Pens at Computer by VAPES on flickr]

Smoke and Vape Business Concerns

Vaping regulations, laws, and taxes can be challenging for new vape shops. Here’s the nitty gritty on the latest smoke and vape business laws and legal concerns.

Insider Tips on Starting a Vape Shop

Before getting started, carefully research vaping culture, competing vaping stores in your area, and how to appeal to your target market. What seems to be working, and why would customers buy from you? Here are some studies and insider advice on starting a vape shop.

[image: Aaron’s puzzle by Joe Goldberg on flickr]

Vape Shop Insurance and Other Hidden Costs

Before opening up your vape business, make sure you have a firm grasp of all the costs and your likely profits. Even though vape market growth has exploded, vape shops have costs beyond the average start up. Vape shop costs vary, but most estimates range between $25,000 and $50,000 in start up costs. A vape shop can cost between $7,000 and $10,000 per month not including the costs of the product. In addition, there are many hidden costs of vape shops. For example, the FDA may soon require vape shop owners to have tobacco reseller insurance and financers may put your vape business in the riskiest category.

Vape Business Startup Ideas: How to Grow Your Business

The e-cigarette and vaporizer market is projected to hit $61 billion globally by 2025. While that makes vaping an exciting business to be in, it also means you’ll have a ton of competition. Everything from your location to your offerings will factor into how loyal your customers are and whether you’ll ultimately be successful. Here’s some great advice on helping your vaping business stand out.

[image: vapes-79 by VAPES on flickr]

Advertising a Vape Shop: More than 30 Ideas

Now that you have a solid plan for your vape shop, it’s time to get customers in the door. Here are some great ideas for advertising and marketing your vape store.

Promoting Loyalty to Your Vape Shop Business

Regulars are the lifeblood of an e-cig or vape shop’s business. Make sure your vape loyalty perks bring them back.

Make your vape shop a reality. From accepting payment to running your business we have what you need to get started. Get Clover in your corner and start your vape shop today.

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