Business
is Smokin' For
Ed Fast
Many
people taste success, but when it’s in the air, everyone
can smell it. For incense dealer Ed Fast, this is especially
true. For nearly 16 years he has built a fragrance empire
from his retail location at Kobey’s Swap Meet.
Fast,
a retired Navy vet, started in business by manufacturing
and selling his own incense and fragrance oils. However,
things really took off when he started making incense bottles.
His business, Smoking Joe’s, is named after them.
Fast
began manufacturing the popular tie-dye colored burners
in the mid-90’s becoming one of the largest distributors
in Southern California, moving anywhere from 1200 to 1500
cases a year. His incense-related products began shipping
all over the world, as far away as Australia and Japan.
In the 90’s, sales from the incense bottle helped
to pay for Fast’s entire operation.
Although sales
from the bottles have slowed in the present day, business
is good. Fast uses Kobey’s as both
a retail and wholesale outlet for a variety of other products
including Nag Champa incense, fragrance crystals, novelty
incense burners, oriental imports and candles. Fast recently
purchased a ceramics business so he is now manufacturing
his own burners.
Kobey’s has worked for his business
because its low overhead makes it possible to offer both
business clients
and the general public reasonable prices. He said it’s
a market where he can pick up new wholesale clients, including
fellow vendors. He operates from two booth locations in
space B-8 and K, L-8.
Edward believes another aspect to
their current success is allowing the business to grow
slowly. He says he doesn’t
want to find himself in the trap many small businesses
fall into.
He observed: “Too many people go out and
borrow money or use credit cards to buy product. They don’t
realize by the time they pay for it on their Visa they’ve
lost money. With just about any kind of business, if you’re
just starting out, it’s better to do it with cash.”
Another
belief he holds about success is looking at hired help
as an investment not an expense. Fast insists he’s
one of the best paying employers at Kobey’s because
he feels a business loses when it’s constantly turning
over employees. You’ll find them eager to help.
Incense bottles
are $8.99 and come with 25 free incense of your choice.
Fragrance crystals are 2 bags for $10 and
come with a free burner. Nag Champa incense is $1 for
15g, $6 for 100g and $37.50 for 1000g. Fragrance oils start
at $4 each, 2/$7. Get 25 incense sticks for $1.
Follow your nose to Smoking Joes, at Kobey’s every
Saturday and Sunday in spaces B-8 and K, L-8.
Article
from October, 2003 Issue of Kobey's Magazine.
Prices and items subject to change.