The E-cigarette has been shooting off the shelves. Whether you are a seller online or have a smoke shop somewhere across the country, your profits have gone through the roof. Customers prefer the e-cigarette to actual cigarettes because they smell better and they taste just as good.
If you have started a new business with cigarettes in mind, you will need a merchant account. Come to think of it, you will need an e-cig merchant account. Be aware that you fall in the high-risk area of accounts.
High risk?
You’re probably wondering why you would fall into a high risk? You’re just a mild-mannered business owner that works hard and doesn’t cheat anyone. Why would you fall into a high-risk category? It’s not you, it’s them. Well…… what it really is for…..is the possibility of a chargeback.
Chargeback?
Yes, a chargeback. That is just a special word for a refund. It really just means that if the cardholder goes to its bank and asked for the money back, they want to make certain you, the business owner, will pay back that money.
A chargeback is something you need to stay on top of. If the cardholder, or rather the customer, wants their money back, you need to take care of them. Remember, somewhere in your training when you were a young whipper snapper, someone taught you that the customer is always right. Well, they were right! The customer is the one that pays the bills. The customer is responsible for the positive or negative advertisements, known as word of mouth. Customers need to be taken care of no matter what.
Find a way
E-cigarette sales are topping $1.8 trillion for just one company. Imagine if you had just one percent of that? All it takes is a merchant account, great customer service, and a wonderful product that people come back for time and time again. So, it’s important to take care of any issues that customers have. You make a friend of that customer, and you will have a customer for life.
It’s smokin’ hot
Make a business plan and work on the business. Get things rolling so that it will support you and your loved ones. Starting a new business is always risky and you work more than you have fun. Just take the time to make time for everything else in your life. You are in charge and don’t waste the extra hours. If you have kids, make them a priority. Then delve into your business. With your priorities in check, you can’t fail. You have everything where it should be and if you love what you are doing, it makes it so simple to be at work. Why? Because hours fly by and you didn’t even notice it happening. That’s the kind of business to have. When it’s a struggle and time just scoots by second, it means you didn’t choose well.
So, with this electronic cigarette business skyrocketing, if it’s something that you would love to do, then it should be a good fit. Go join the jet setters and make some bodacious income!
