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Tips for Opening a Smoke or Vape Shop
Tobacco and vape stores are different from other retail options. Unlike a supermarket or convenience store, you offer nothing but vape and tobacco products, and since prices on most of these products is steeper, it’s easier to thrive as a business. Take care, however, to make the right inventory decisions, since customers are coming to you for what they can’t get elsewhere. If you’re interested in opening a tobacco and beer store, take some tips from this article to better pave your way to success.
Before you begin, make sure you have a plan. A dream got you started, but a plan will keep you alive. Do the numbers (and have an accountant look them over.) Think through how many employees you’ll need, how many sales you’ll need to make per month, etc. If the numbers look good, move forward. If they don’t, cut down on things like rent until they do.
This applies to you and your customers. Make sure you get a license to sell both alcohol and tobacco before you open your store. Once you’re making sales, ask every customer for an ID. While it might seem silly in some cases, it’s sillier to pay a fine or get closed down.
When setting up shop, it’s important to pick the right location. A vape and beer store near a college campus will likely do well, while a high-end liquor store will need to be near high-end customers. Your location will play a huge factor in your ability to make sales, so choose it wisely.Products
The more variety you offer, the more likely you’ll draw customers back. Consider unique vaping products from Vape in the Box, If you sell a wide range of low to high quality products, you’ll also experience better revenue. After several months, carry more of the products that are selling well. If vape supplies are a hit, get more variety. If expensive liquors aren’t getting much traffic, carry less. Remember that customers are coming to your store to get the things they can’t get from a convenience store or supermarket, so keep on eye on what’s being asked for. It’s important to build a relationship with your suppliers and set up a regular delivery service to your store.
Tobacco and vape stores can be a great retail opportunity. As long as you plan properly ahead of time, follow legal measures, and regularly take note of what’s trending, you can operate a very successful business.
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Advice for any small business
As with any business, it is both the most important thing and also the hardest thing to take a step back from operations to focus time and energy on areas of improvement. There are hard and fast rules that require your attention for your business to survive, but there are additional things you can do to add to your success as a convenience store owner. Of course you need to find a trusted bank you can work with, like Consumer’s Credit Union, for services like loans and Quickbooks, and, of course, you need to hire trusted employees who are hardworking and reliable. Below are a few things you may want to revisit to set your business aside from the rest.
Keep your business clean
Keeping a clean shop sounds like a no brainer, but when it comes to convenience stores, keeping a clean store is important, because your customers are people from all walks of life, and cleanliness is difficult to attain for the same reason. Both truckers and travelling businessmen and women frequent convenience stores, both with expectations for cleanliness on different ends of the spectrum. For a truck driver, any bathroom facility might be better than none, while a travelling businessperson’s standards may be set a little higher or a lot higher. Bottomline, you can never be sure, so do not overlook cleanliness, as it may determine if customers return. Make cleaning a regular routine of operations, from keeping the front counter to the bathroom counters crystal clean.
Test new products
The biggest sellers in your convenience store that drive sales are lottery tickets, tobacco products, and beverages. Within these categories, your customers will recognize new products if you bring them in. Plus, how will you know what sells if you don’t try it? For instance, consider vape in the box to introduce new and exciting vape products of various flavors and utility to your customers. Stay abreast of products that are offered to impress your customers, and keep customers returning to your store for items they can’t find anywhere else. Once you have new items, advertise them, so people know that you have added new inventory.
Convenience stores these days are not only for convenient items, but also for convenient services. Think outside the box to bring in customers not just for chips and soft drinks. Consider offering a fax or internet service, or even an in-store computer for customers to use at a timed cost. The lesson here is not to limit yourself to simply convenience store items. You have the opportunity to incorporate another business into your store front, from running a money order operation to a in-house bakery. Whatever you do, the bottom line is to invest in your store. Invest time and energy into training your employees to keep the store in tip-top clean conditions. Invest in new products that will impress customers and attract new ones. Invest in opportunities that will help your business grow and create a business brand entirely your own.