Thanks for joining us on another post on Franchise Friends. Today we plan to talk about a new and growing trend in today’s market called “Vaping”, and how you can capitalize on this new trend by starting your own e-juice franchise.
The Vaping Industry
So, what exactly is vaping? The term vaping stems from the word “vapor”, which is a steam/smoke like substance that is produced from electronic cigarette devices. These devices heat up “e-juice”, which contains a few liquid ingredients including nicotine, that produce vapor which is then inhaled – thus, vaping!
Vaping is growing into more than just a nicotine dispersal device, it’s an entire anti-cigarette smoking movement and a community of people passionate about the industry. Just check instagram and type in the hashtags “#vapelife”, “#ejuice”, “#vapecommunity” and you’ll see the hundreds of thousands of posts and shares from this community.
A great thing about the vaping industry is that the customers and producers of the products band together and are very helpful of one another. This may be attributed to the external threats to the industry, such as new FDA regulations or anti-vaping lobbyists. Think about it this way – throughout history humanity has waged wars against each other. But imagine if an external threat, such as aliens, posed a danger to the world? All of humanity would band together to face this external threat. The same psychology is at play in this industry, albeit on a much smaller level.
Buying Wholesale E-Juice and Selling Retail
So, how do we make money here? By supplying the market with e-juice of course! There’s a few ways you can do this. The first is by starting your own vape store, or opening a vape store franchise, and to buy e juice on a large scale from a manufacturer for a few dollars a bottle, and turn around and sell each bottle for $24.99 or more. This strategy has seen enormous success for entrepreneurs all over North America who are opening vape shops left and right, capitalizing on this trend.
Dropshipping Vaping Devices
The second strategy is to sell vaping devices, which are used to fill e-juice and produce the vapor which in inhaled. This can be accomplished by partnering with a manufacturer of vaping devices, working out a wholesale price, and dropshipping the devices to customers who have purchased on your online store.
Create Your Own Brand
The third strategy is to develop your own brand of e-juice by partnering with a private label e-liquid manufacturer. These manufacturers will work with you to formulate, design, brand and distribute your e-juice line to vapor shops across the United States. Once you have a successful e-juice brand in the industry, which can be accomplished working with the right manufacturer, you can then start your own e-juice franchise line.
These are just three effective strategies you can use to become a successful vaperpreneur. Check wholesaler for e-juices you can buy in bulk and get started flipping a profit today in this unique and growing space.