You can open a thriving shop if youre ready to navigate the risks, stay in touch with customer trends, and embrace responsible sales practices
Consider using the 5 Cs framework to guide your market analysis: Company: Branding, products, business goals, mission statement Competitors: Competitions strengths and weaknesses, compatibility gaps Collaborators: Suppliers, distributors, investors, partnerships Customers: Customer motivations, behaviors, target audience Climate: Laws & regulations, economic trends, new technologies This deeper understanding of the market will drive your product offerings, pricing strategies, and overall business approach, plus create a more compelling plan for any potential investors
Do NOT sell smokeless tobacco without a health warning statement displayed on the package
Be precise to avoid issues
Department of Health and Human Services Substance Abuse and Mental Health Services Administration (SAMHSA) requires states to effectively enforce laws prohibiting the sale and distribution of tobacco products to persons under the age of 21
Remember to promote your grand opening through various channels, such as social media, local advertising, flyers, and even direct mail, to spread the word and create a sense of anticipation
