Short Term Objectives Of A Vape Shop

My business will be a Vape Shop and it will be a sole proprietorship as I will be the sole owner of my small business. A sole proprietorship is also known as a sole trader or a proprietorship. It is a solitary owner or independent business where the proprietor pays individual income tax on all proceeds that are earned from the business. It is the easiest business to establish or cease because there is little government regulation. Sole proprietors typically do business under their own personal names since ascertaining a unconnected commercial name is not essential. A sole trader has no separation between the business entity and its owner. The business owner is not safe from liabilities incurred by the entity. The debts of the business are also …show more content…
We strive to provide the highest quality vape products at the best possible price. Customer satisfaction is always our number one priority as we want all our customers to get the most out of their vaping experience. We truly believe in our products, partners, and manufacturers. To meet our customer’s needs we provide our customers with a wide array of innovative vaping hardware and related products, as well as accurate educational information, personalized service, and product training. Our mission is to serve the vaping community with the largest varieties of products, best customer service and a great experience.
My short-term goal is to open a vape shop and to have it thriving in its first year. To accomplish this, I will use publicity, and sales to get my shop known. My medium-term goal is to have a website for my vape shop. To accomplish this, I will design a website where customers can see what my shop has to offer and let them contact me. My long-term goal is to have multiple successful vape shops. To accomplish this, I will start with my original shop, then my website, then I will open a second shop.

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My pricing tactic would be to use psychological pricing and discounts. Psychological pricing strategy is commonly used by marketers in the prices they establish for their products. It's a minor distinction that can make a big difference. Setting prices according to the psychographics of the aimed-at market segment. Psychological pricing is a pricing tactic that takes advantage of the fact that consumers do not always respond rationally to stated prices. Discounts are a subtraction from the face value of a bill that is made before payment is given. Discounts are a price reduction offered as an incentive to purchase. I would not use price lining or odd-even pricing. Price lining is setting a limited number of prices for certain categories of products. Odd-even pricing is a psychological pricing tactic based on the premise that customers prefer prices not stated in even dollar