Prices and supporting local business

[Eskie]

Online shops sell things at the prices most stores can get them for. Then they need to mark them up to make some sort of profit. My local shop has a crown tank for 37, tfv4 for 54 and a griffin 25 for 54 for example. All prices include tax but I can get a tfv4 or griffin online for 30-35 pay like $5 shipping and have 40 invested. 14 more dollars to get it now and not in a week is sometimes very convenient

If that was the mark up I would agree. Unfortunately places around me are two to three times the online price. That's too much to subsidize retail vape shops.


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[Bad Ninja]

Most retail shops and owners are new to retail.
They follow a traditional retail model that carries at least a "1.5 keystone" markup (1.5 × cost).

They problem arises when they cannot source the gear at a true wholesale price and have to use a middleman or "distributor".

Sites like Fasttech and focal buy from manufacturers at true wholesale and make a small profit. They make money in volume.

For a B&M to be competitive they need to source inventory at true wholesale and forget the massive markups.
The traditional business model doesnt work when competing on a global scale directly with online retailers.

Yes its very tough.
Thats why 1 out of 10 small businesses fail within a year.

 

[Eskie]

Before deeming screwed everything up the best retail model would have been the classic razor blade model. Get vape gear into people's hands then sell them all that in-house juice with a huge profit margin unfortunately that's out the door by August.


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[VaporDaze]

Just bought 3 new RTAs online with 2 day shipping for less than half of what it would have cost me in a store. Always more than happy to support the local store that have appropriate pricing.

 

[OlderNDirt]

OTD, I am going to be in Omaha for a couple of weeks in about a month. Don't know if you are close, but any recommendations if you are?

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