How to Start a Gift Basket Business With a Flourish
If you are the creative type who loves making homemade gifts that bring smiles to people’s faces, you should learn how to start a gift basket business. People are always looking for unique gifts to give for birthdays, graduations, Mother’s Day and the myriad of other gift giving occasions throughout the year.
Starting a gift basket business is an easy online business idea that takes advantage of this never-ending market.
The first thing you’ll want to do before you start a gift basket business is draft a gift basket business plan to make sure you have everything in order before you put any money into this business idea. The start-up costs, however, are very low and you don’t even need a storefront for your home-based gift basket business. Do a little research to see what types of items are popular to include in gift baskets and start stocking up on those items.
Spread the word about your new gift basket home business and get ready to start filling orders. In no time, you’ll be making gift baskets, and a sizable profit, for all occasions.
A day in the life of a gift basket business owner:
A typical day for a gift basket business owner will begin with a check for any new orders. If you need more items for these new orders, purchase them either online or locally. Next you’ll need to finish up any ongoing orders and get them ready to send out. Keep track of your orders and finances with simple bookkeeping software. If you have basket-makers working for you, make sure they are on task with orders you have assigned them.
About Your Customers:
Your customers will be those looking for creative gifts for various friends and family.
What You Need to Start:
- Cellophane (or other wrapping material)
- Items to put in the baskets (candy, other foods)
- Finance software
- Website if selling online
- The gift industry is recession proof.
- Startup costs are low.
- Return on investment is high.
- Learning how to make unique gift baskets is simple.
- Supplies are relatively inexpensive; pricier items can result in a more expensive product.
- It might be difficult to get the word out initially about your new business.
- Special shipping will be necessary if delivering outside your local area.