By Vape Flavor on Sep 12, 2017 1:46:35 PM
As a vape retailer, buying wholesale vaping supplies from the right supplier can make a significant difference to your bottom line profits.
Simply put, the cheaper you can source your wholesale vaping supplies the greater your potential retail margin. The greater your potential retail margin, the more price flexibility you have to offer great consumer prices without breaking the manufacturers minimum advertised pricing policy (MAP).
Lets face facts, as vape retail market competition continues to grow your ability to secure the best deals from the best vape wholesalers could mean the difference between business success and failure.
We all know the vaping marketing is booming but with increased market opportunity comes increased competition. As a result of the postponement of the FDA's ruling on vaping for another 4 years and the UK's recent endorsement of vaping as a recognized cigarette smoking harm minimization strategy, vaping business competition is ramping up.
So today I want to provide vape retailers with a few wholesale vape supply buying tips that can not only save you money on your wholesale vape purchase but also help you save time, money and energy on developing great marketing for your retail business.
So lets get started.
Vape Retailer Tip 1: Buy your wholesale vape supplies direct from the vape manufacturer.
It goes without saying in any business that if you can cut out the middle man you will save money and the vaping industry is no different.
While there are a growing number of vape wholesalers popping up in countries all over the world, the simple truth is that they are sourcing their vaping supplies from China.
The vast majority of vape kits are manufactured and produced in China and by dealing direct with the manufacturer there are some great deals to be made that could potentially save you a bucket load of money on your wholesale vaping supplies.
If you're wondering if it's safe to buy your vape kits and accessories factory direct from Chinese vape suppliers I highly recommend you read my recent article
Vape Retailer Tip 2: Do your homework before partnering with a wholesale vape supplier.
Before partnering with a wholesale e-cigarette / vape supplier it's very important to do your homework and choose to partner with brands that not only have great products but are also committed to assisting you achieve your business goals.
Amongst other things look for a vaporizer manufacturer / supplier that has the following:
- a strong history in the vaping sector including quality assured manufacturing and with a wide selection of branded vaping products.
- offers great sales and service, including a dedicated account management, logistics and international distribution support, especially with regard to customs requirements. The best choice here is to look for a vape brand that has wholesale distribution outlets within your country or region.
- a dedicated marketing and promotions team with a strong online brand presence who also offer great point of sale and online marketing resource support to their retail partners. This will save you thousands in time, money and human resources.
To help you conduct your research we've put together a comprehensive article outlining the key questions you must ask when choosing your wholesale vape supplier and a downloadable wholesale vape buyers checklist to help you compare wholesale vape suppliers.
Vape Retailer Tip 3: Buy your wholesale vape supplies in small lot purchase orders.
Once you've completed your research it's important to test the waters before diving in and placing a big order.
Sure there are some cost saving advantages to placing larger purchase orders but my advice is to start of small to test your customers approval rating of the brand. Always look for a manufacturer brand that has a low minimum purchase order volume, a sliding wholesale pricing system based on volume and a client loyalty program that opens up even greater long term partnership purchase order savings.
I highly recommend requesting a product sample or placing a small order first. This allows you to check both the brands supply chain efficiency with regards to delivery times and product quality once your vape kit arrives.
A further consideration before ordering is to check the brands new product release schedule. The last thing you want to do is place an order only to discover that a few weeks after arrival the kit has been superceded by a new or updated model as this will make it more difficult to move your stock.
The bottom line holding too much stock and / or superceded stock can dramatically affect your vape business cash flow.
The opportunities for retailers to cash in on the growing vape market are huge but as with any new or emerging market it takes time to sort out the serious industry players from the fly by nighters. As a vape retailer it's important to partner with brands that are in it for the long haul and the team at Vaptio are here to stay.
Our parent company China First Union is one of the earliest pioneers in the vaping market and continues to develop and expand our product and service range for our customers.
As one of the largest vape manufacturers in the world with over 5000 staff, global distribution capabilities and wholesale outlets in Asia the USA and Europe we are well equipped to deliver the support our retailers need to succeed in a competitive marketplace.
We look forward to partnering you in your vape business success.
To learn more about our wholesale vaping supplies and how to partner with us in the growth of your vaping business download our vape partners guide below . Regardless of your business model, we have a solution to help you. Whether you are a tradition brick and mortar shop,e-commerce reseller, wholesale distributor or a brand looking to develop their own product range at Vaptio we are here for you.