Vape Shops Have It Rough!
Many vape stores are closing their doors because of the current state of the industry. In the next several years things could get even worse. It’s important to solidify your position as a leader in your local market. Here are a few problems that e-cig retailers face on a day to day basis:
Large Online Stores
Large discount retailers can sell products cheaper than you can buy them wholesale
We knew it was coming but we didn’t think it would be this bad
Cash Flow Issues
New products come out every week – Are you moving your stock fast enough?
Wholesalers are raising their prices on local B&Ms while giving deep discounts to national brands
Normal retail markup is 3x-4x cost – When’s the last time you sold a mod for 3x-4x cost?
You probably wear 17 or more hats at your shop – When do you have time to worry about getting customers?