Make Money by Starting Your Own Gift Basket Business
Many work at home mothers have started their own businesses by making gift baskets. The gift basket market is becoming extremely popular and it is a simple way for an individual to send a personalized gift to another. If you have a flair for design or are able to learn new tasks by watching how-to-videos and reading startup guides, then developing your own gift basket business may be an exciting opportunity.
Like most new businesses, a small start up cost is required. A gift basket maker should purchase some supplies ahead of time and purchasing wholesale will save time and money. The amount and type of supplies that you will need may vary as to which kind of baskets you plan to offer and how large of a territory you want your business to cover. Baskets, ribbons, shrink wrap, storage shelves, basket items, and basket fillers are a couple sample items of the supplies one may need.
The market for gift baskets is increasing and the customer target market is also growing. Individuals often order gift baskets for holidays, birthdays, housewarming gifts, new births, and just to say thank you. There are also many companies that will send gift baskets to prospective clients or other corporate executives. Although people will want to purchase gift baskets all year round, the most successful time for owning a gift basket business is during the holiday season.
To target these potential customers you will have to use extensive marketing tools. It is recommended that you post business cards and brochures on community bulletin boards, take out advertisements in the local newspapers, donate some of your baskets to charity auctions, develop a website with the different types of gift baskets, and rent tables at local craft fairs. You should have a couple of sample pictures of your baskets displayed on the flyers for viewers to see. Developing a company website is an important step that may expand your business to new levels. If you show sample baskets and list prices, people not located in your immediate area may contact you for making gift baskets and having it mailed to their destination.
Currently many gift baskets cost anywhere from $25 up to $100. The price will often depend on the size of the basket and the type of items displayed in the basket. If you have a vehicle that is able to complete deliveries, you may charge more for a delivery fee. If the customer wants the basket shipped using the postal mail service, you should charge for the shipping costs.
If you decide to develop your own gift basket making business, the majority of your time would be spend at home, unless you decide to rent an office space. You potential for expanding your business is virtually unlimited with the referral of pleased customers and the internet. As with any business, it is recommend that you check local and state laws before you start operating. Good luck!
