Starting legal requirement for opening a vapor store.

Starting
a new vapor store

A
vapor store is a desired destination of vapers where e-cigs products are sold. It
is a business unit dedicated to the sale of vape gear where you can find vape
devices, their components and variety of e-liquids. Number of vapers is
increasing all around the world as people vape as an alternative to tobacco
smoking and also as a fashion trend. That’s why vaping business is increasing
day by day and many people have started opening vapor stores. Like any other business,
opening a new vapor store requires proper planning and some other prerequisites.
So here we’ll discuss some basic points for opening a new vapor store.

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Planning

Many
businesses get failed and closed due to wrong planning. Planning is the key
element for a successful business. In planning of establishing a vapor store main
element is licensing as there are different prevailing laws in different
countries regarding vaping. The vapor stores are different from other stores in
terms of licensing and legal requirement. In order to avoid any hassle, you
have to gather all the necessary information and try to fulfill the entire
legal requirement for opening a vapor store. The laws regarding opening and
running a vapor store must be checked and followed properly.

Finance

Second
most important thing for opening a vapor store is finance. You should make a
comprehensive estimate of required amount of money for opening a new vapor
store. It is a difficult question to answer how much money will be required for
opening a vapor store. We can say in general that $ 20,000-30,000 for a small vapor
store and $ 60,000-70,000 for a large vapor store. Some vapor stores only sell
e-cigarette products, while some look like bars where the customers sit in
lounge and enjoy vaping. So financial requirements may vary depending upon the
setup you are making and items you are going to add in vapor store.

Location

Location
is the most challenging element for opening a vapor store. Make sure that vapor
store must be near to some grocery store, petrol station, movie theatre or
hotel. It would be better if there is a car parking near vapor store and the
store is adjacent to a main road with an inviting front. The distance between
two vapor stores must not be more than 25 km. Name and location of any shop
plays a vital role in creating an image in the minds of customers. Another
important thing is your competitors around you, so do some research about them
and give something different and unique to your customers for their attraction.

Reliable suppliers and products

For
a successful vapor store you need to choose reliable suppliers and quality
products. Finding a reliable supplier for vapor store is challenging. You need
to find a supplier that supplies the desired quality products on time and in a
reasonable price. Choosing a product according to customers’ demand is also very
important. Your whole business depends on your product line whether it is
vaping device or e-juice. Do some necessary market research before selling
e-cigs products, find out new vaping trends and find what really the vapers are
looking for. Offer something new and unique to win customers and keep different
variety of products in your store for beginners and experienced vapers. For instance
you can keep starter-kits rechargeable e-cigarette for beginners and for
experienced vapers you can offer a new line of e-juices. Try to make a one stop
shop for vapers by keeping all the products related to vaping like vape devices
and their components, batteries, e-juice tanks and e-juices on your shelves.

Offer great customer services

Obviously
you can’t run a business without a strong customer base. For running a
successful vapor store you need to attract new customers, satisfy them and
offer something new while taking continuous feedback to retain them. You should
focus on two important aspects:

·        
Recommend your customers the things they
actually need

·        
Give them great customer service
consistently

Share
your knowledge and experience with your customers and give them different ideas
about enhancing the flavor of e-juices, while doing so you should differentiate
between the new and old vapers. Make management policies in your business and
train your staff according to your business requirement. Take feedback from your
customers and note the points then try to solve their problems.

Hiring vape store staff

Hiring
is also an important step in opening a vapor store. Your staff will break or
make your vape business. While hiring the staff, make sure your staff members
are well trained and possess all the necessary knowledge required to run a
successful vaping business. Customers always seek an active and pleasant
service, so make sure your staff is providing it to the customers.

Prior
experience of employees in same line of business would be an advantage. You
should keep friendly relations with employees at your vapor store. To run a
successful vapor store your staff members should be satisfied. Keep the
employees motivated and give them market competitive salary and other benefits
to keep a low turnover of employees.

Welcoming atmosphere

Atmosphere
inside a vaping store or bar is really significant; it should be warm and
friendly. The environment will help you in attracting, retaining and increasing
the number of customers. Always try to adapt new things but keep in mind that
you should give your customers the comfort which they desire. You can give your
vape store a look like a lounge by adding the following elements:

·        
Reading material

·        
Light snacks

·        
Television and music arrangements

·        
Comfy sitting area

·        
Proper lightening

Customers
are attracted by the friendly environment. There are many vapor stores but they
prefer the one with friendlier environment. Your employees and management team
will play an important role in establishing welcoming atmosphere.

These
were some basic points to focus if you want to open a vapor store. In a
nutshell I can say that before starting a vaping business you should focus on
plan, capital and vendors and after starting the business you should focus on
customer satisfaction, employees training and uniqueness to keep a competitive edge
in market. Good luck with your vapor store.