With the vape business coming as a capital intensive industry, people usually need enough money to start their businesses. However, if you feel that you do not have money, you can consider dropshipping.
Dropshipping: What does it mean?
Dropshipping is a type of business in the vape industry that involves investors. With this type of business, you have your vape shop. You buy your e-liquid and vape kits from a wholesaler. You then distribute the product by selling them to your customers.
Dropshipping of vaporisers is one of the most profitable ways of getting into the $15 billion vape industry. With dropshipping, vape shops act as go-betweens/storefronts between the wholesale producers and the end customers.
Dropshipping: Getting help from wholesalers
One of the most significant advantages of dropshipping is that it can be done with physical vape shops or e-commerce websites. Many dropshipping vape shops and stores usually get a lot of help from their wholesale suppliers. The wholesalers typically provide a wide range of services to ensure that you have a successful e-commerce store.
How to start a vape dropshipping business
For you to start your own dropshipping business, you will first have to set up your store. You would have to set up your physical or online web store. After setting up the store, you will try to market the products to potential customers.
As people demand the products, you transfer their orders to your wholesalers, who will help you package and send the product to the buyer. With dropshipping, the wholesaler fulfils the customer’s order on their behalf. One of the benefits of dropshipping is that the product will be packaged elaborately by the wholesaler. Done in such a way that it would seem as if you have delivered the packages yourself.
Why do you need to start your vape dropshipping business?
The vape and e-cigarettes industry is worth $15 billion, potentially becoming valued at almost $50 billion in 2028. It is estimated that nearly 25 million vaporisers are sold annually. These statistics show that vaporisers are in high demand and can be sold by anyone to make money. But why do you need to choose dropshipping?
Low initial investment: New vape shops looking to get into the vaping business are usually inundated with low capital. Dropshipping represents the simplest way to start a vape business for those with little or no money.
No purchases are needed: Dropshipping vape shops do not have to purchase e-liquid or vape kits to start the business. You do not need to buy the products to sell them through physical stores, any marketplace or an e-commerce website. All you need to do is to get samples of several brands and place them in your store. Any online store will only attract customers with high-quality pictures of the vape kits.
No dead stock: Vape product dropshipping is highly attractive for vape investors due to the lack of dead stock. Deadstock is a product in your company inventory that you are unable to sell. It sits on your shelf, wasting your investment. Dropshipping eliminates the need for buying the product and shelving them. With drop shipping, you get to order the products which the customers have only ordered.