The eJuices.co team is working hard to make sure you have access to the latest vape products and that you are prepared for any legislation or regulation that might come your way in the industry. Maybe you’d like to clear some inventory to make room for better-selling vape products or perhaps you’re unsure of the current climate in the vape industry. Whatever your reason is, here are some ways to clear inventory.
Know Who Is Going Through PMTA
With the new PMTA deadline of September 9 approaching quickly, you might want to reach out to your eJuices.co account manager or sales representative to find out who is undergoing PMTA and who isn’t. There may still be some brands on the fence as well. This will give you a better idea of what to purchase and what to clear out as soon as possible. We’re looking forward to having this conversation with you. After all, the success of your business is our number one priority.
Discount Slow-Moving Inventory
Slow-moving inventory is a frustrating thing in any line of business, especially with perishable goods such as vape juice. There are many ways to solve this issue: offer slow-moving inventory at a discount to encourage a purchase. Your customers always appreciate seeing discounted products, and they may discover a new favorite brand or product.
Alternatively, if the direct approach doesn’t work, you can also bundle it with other products (i.e. one can create a flavor package for certain flavors of eJuices or bundle together coils with mods) to ensure that it leaves the store along with your faster-moving inventory. Talk to your customers and keep an eye on what you’re restocking constantly and what is staying on the shelves.
Diversify Your Product Offerings
While this may seem counterintuitive at first, it might help you prepare for the long run. As we previously mentioned, the PMTA deadline is September 9. Perhaps you should try stocking CBD products (where permitted) and inform your customers about the benefits of CBD. Thankfully, there is also CBD vape juice, so the transition could be seamless. You can buy CBD products atCBD.co, your CBD marketplace.
Get A PoweredBy Store
Some people may not still be comfortable with coming to a brick and mortar store, so why not open up aPoweredByeJuices.com store? While the country slowly reopens, some states and localities are still cautious about allowing retail stores to open full force, so giving customers options is important. A PoweredbyeJuices.com store not only lets you stay in business if your state or locality is not allowing retail stores to operate at full capacity but it also takes the guesswork out of inventory. You use the eJuices.co inventory and we ship it directly to your customers.
That’s all for our Vape Success Series on eJuices.co. If you have any questions or concerns, you can always contact your eJuices.co account manager or sales representative. We’re looking forward to hearing from you.