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The Electronic Cigarette (e-Cigarette) is a smokeless cigarette powered by a battery. This device converts liquid nicotine into vapor for the user to inhale. The advent of an e-cigarette is one of the best things to happen to those looking for alternatives to the conventional cigarettes because it is healthier and free from all the harmful chemicals contained in the conventional cigarettes. Since e-cigarettes have become a major healthier substitute for addicts and the campaign against tobacco smoking would continue to create a huge market for it. So, If you want to start your own e-cigarette business, Take a look at the following steps below.
Research
This is apparently a new and unique line of business, so it is necessary to start on the right foot. Hence, quality research is really important before starting an e-cigarette business. There is loads of information about e-Cigarette on the internet. You would have to research the industry and what it takes to invest in this line of business. You can also carry out a survey, as a part of your research, via simple questionnaires to know whether the people in your area are aware of e-cigarettes or if they might be willing to accept it. The reports you get from your research will help you to remain well informed and well guided.
Licensing and Registration
The World Health Organization requires that most consumables, especially tobacco products, are regulated. Before you can legally operate an e-cigarette business, you will need to visit the local Health board or Food and Drug agency in your state to obtain a license. Registering your business might also help your business to get easily monitored by the appropriate quarters.
Contact Manufacturer
Profitability is the most important thing for any business. So, to maximize the profits of your e-cigarette business be ready to keep costs at the barest minimum. Since there is still some form of control on the production of e-cigarettes, one of the ways to do this is to work with the manufacturers of e-cigarettes. This is so that you get your supply directly from the manufacturers who are likely to supply you at a cheaper rate compared to when you go to any third party.
Distribution
Since most of the people that purchase e-cigarette buy it online and get it shipped to them, then you have to put in place an effective and fast distribution plan. Find e-cigarette suppliers that offer drop shipping. Contact each potential supplier to inquire about shipping rates, shipping times, bulk discounts, minimum orders, customs fees, and other important details regarding their method of shipping. You may have to go into agreement with some shipping companies, but be sure that you choose the ones that are less expensive. This is so that the shipping cost you bear isn’t too that you might not be also to ship for free to your buyers. Your profit is the difference between the sale price and the product cost.
Advertising and Marketing
The e-Cigarette business is profitable but is also highly competitive. You will be competing with many businesses who are trying to cash-in on this new line of business. So you will need creative ways to advertise and market your product. The Internet is an effective place to start advertising and marketing your e-Cigar business. Use online marketing techniques like banner ads, article marketing, YouTube, social media, mobile marketing and others to create links to your products. Leverage on the social media platforms to reach your targeted market. Use forums and blogs to interact in conversations about the market and educate people about the benefits of your products. You can also let people know the advantages of smoking e-Cigarettes and how effective it is to help people overcome the addiction to tobacco. This will attract visitors to your offers and increase the number of sales.
