Vape Store 101: The Pros and Cons Having Your Own Business

The vape industry is one of the fastest-growing industries in the world. This is due to multiple reasons but, in general, we can say that vape products have successfully taken a piece of the pie of the nicotine consumables market. But why?

For starters, vaping offers way more flavor alternatives than smoking or other forms of nicotine consumption. Vaping also keeps consumers entertained because it provides multiple product alternatives and gadgets. All of these things make the vaping industry an interesting investment for any entrepreneur.

Nevertheless:

There are bound to be pros and cons. We explore some of the obstacles that we've encountered in this business.

The Pros of Opening a Vape Shop

There are tons of reasons to start your own business in the vape industry, and regardless of what you might be thinking, not all of them have to do with start-up costs or profit margins. These are some of the reasons why opening a vape shop could make sense, or the pros of opening any type of vape business in general.

There are Many Sub-Categories for a New Business

In the vape industry, entrepreneurs are not tied to a single market. Other industries have slowly made their way into the vape industry. For instance, lately vaping has become a huge part of the cannabinoids market with more and more consumers switching from dry herb to vape oils.

Not only that:

But there is also space for non-nicotine and non-cannabinoid consumers who are just looking for delicious-tasting vape juices to puff on.

There’s Profit To Be Made

The vape industry has grown incredibly fast over the past few years and it is expected to keep growing in the coming years. This makes it a very attractive market for entrepreneurs looking to start businesses that will grow with the industry. It’s way more challenging to run a successful business that grows in sales when the market is already saturated.

Even more importantly, it’s fairly cheap to buy products in bulk and then resell them at a profit. If this is what you’re after, then register for a wholesale account with VapeRanger and start buying products at wholesale discounts today. Not only is a vape shop profit margin made possible by buying products relatively cheap, but with low overheads, it’s also very easy to get into the vape game in the first place.

Provides an Alternative to Smoking

There are pros and cons to smoking, otherwise there wouldn't be anyone doing it, but there's definitely an ample number of reasons why smoking is hazardous. This is not to say that vaping is better than smoking, because that's a claim that we cannot make. But for nicotine consumers looking for an alternative, vaping seems to be THE main choice. This is not only good news for nicotine consumers, but also for entrepreneurs looking for small business ideas to start that actually make sense.

The Cons of a Vaping Business

Like any other industry, there isn’t a single list of great things to say about the vape industry. The following are what we believe to be the main disadvantages of a vape business.

Raising Funds Can Be Difficult

This first disadvantage is translatable to other industries as well. It’s going to be difficult to raise funds for any business regardless of what you’re selling, but raising funds for an industry that raises so many eyebrows and is constantly being attacked by anti-vaping groups will always make it more difficult to find investors. Luckily, not a lot of investment is needed depending on what you want to do.

Industry Regulations Are Constantly Changing

Regulations in the nicotine industry in general are very strict and ever-changing. Nicotine is considered an addictive substance, so it’s only natural that regulations will be strict. The same happens for products consumed by inhaling them, so vaping will also be strictly regulated regardless of whether the product carries nicotine or not.

Not All Manufacturers Are Trustworthy

We’ve already established that there are tons of inexpensive vape products in the wholesale market. This will make it very easy to invest money into the industry, but it also leaves space available for poor manufacturing standards. In turn, this makes buying quality products a bit more difficult. Which is why vape shops should always stick to buying their products from trustworthy wholesalers like VapeRanger. If you run a vape shop, you can do so by registering for a wholesale account today.

Increasingly Competitive Market

A competitive market only means that business is good. But it also means that it will be difficult to get a piece of the pie. Not to mention that FDA regulations on e-cigarettes will always be an obstacle to reckon with, especially for small business owners in the vape industry. We think it’s still a good time to invest in the industry, but as in any other industry, it’s only natural that as time goes on competition will continue to become more fierce.