E-Cigar Business
This business sells disposable electronic cigars that contain no tobacco or tar, and produces no ash or smoke. The product has a high-quality battery and patented smart-chip technology, and comes with or without nicotine. Additionally, it's worth noting that this product has a shelf life of over 2 years.
With its proven success and strong profit margins, the business has an exciting opportunity to expand further. This includes exploring partnerships with large retailers, increasing production capacity by hiring employees, and allocating resources to an expanded marketing and advertising budget to further boost its strategic outreach. The business is poised to continue its growth trajectory as a leader in the electronic cigar industry.
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Company model facilitates remote management from anywhere in the US.
This business has huge potential of growth through retail and maketing strategies.
Business is always ready to operate as long as stocked with inventory.
Strengths
- High SEO ranking
- Strong brand
- Documented systems and procedures
- Business is recession proof
- Business is managed relatively hands-off
- Loyal customers
- Revenue is growing consistently year-over-year
- Strong database of customers
Weaknesses
- Business branding needs updating on website
- Funnel(s) need to be implemented on website
- Business in a regulated industry
- Business needs to build B2B channels
Opportunities
- Opportunity to sell products/services in adjacent or new markets
- Increasing advertising or promotional budget
- Increase sales from existing customer database
Threats
- Competitors include large multinational corporations
- Negative changes to regulatory environment
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