Step 1
Decide where you will run your gift basket business. Home-based gift basket businesses typically have lower overhead and allow for a reduced start-up investment. Storefront business typically get more foot traffic and may find it easier to make initial sales.
Step 2
Learn how to make gift baskets. You may learn how to create gift baskets by enrolling in a training workshop, purchasing an instructional manual or video, or even following instructions that are posted in online tutorials.
Step 4
Decide the types of gift baskets you want to sell. You may choose to sell gift baskets for all occasions or specialize in a specific type of gift basket. For example, you may specialize in baskets for new parents or focus on birthdays and anniversaries.
Step 5
Find wholesale suppliers of gift basket supplies. Finding low-cost items to include in your gift baskets may translate into more profit for you.
Step 6
Purchase supplies for your gift basket business. The basics you will need are a supply of baskets, cellophane or shrink wrap, ribbons, bows, colorful shredded paper or raffia and decorative items. You will also need a supply of items to place in the baskets, such as candy, cookie, teas, coffee, crackers and jam. If you plan to create baby baskets, you may stock things like infant toys, baby blankets and undershirts, baby lotion, baby powder and soap. For bath baskets, you may need items, including bubble bath, bath salts, bath sponges or cloths, body lotion and candles.
Step 7
Create an initial selection of gift baskets to sell. Depending on your budget, you may create just a few or start out with many different gift baskets. You may use these baskets as samples to show potential customers. You may also photograph them for a brochures, fliers or your business website.
Step 8
Set prices for your gift baskets. A good rule of thumb is to double the amount spend on making a gift basket. For example, you may charge $50 for a basket that costs $25 to make.
Tips
- Consider using the services of a gift basket drop-shipper that doesn't charge monthly fees. This may be a good option if you don't want to stock your own products and create the gift baskets yourself.
- Open a business bank account. This may help you to keep your personal funds separate from your business funds.
- Creating a business plan may help you to plan your business startup and stay on track as your business grows.
About the Author
by Jordan Meyers, Demand Media
Jordan Meyers has been a freelance writer, specializing in health, education, business and parenting topics for more than a decade and a copy editor since 2008. Meyers has written Web and print copy for hundreds of businesses, including many Fortune 500 companies. She holds a Bachelor of Science in biology from the University of Maryland and is studying for a bachelor's degree in psychology.
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A Gift Basket Business can be fun and profitable for a crafty person. Many people start out by signing on with gift basket companies or purchasing business opportunities that require monthly payments. You don't have to commit to paying monthly fees to get started in this business, however. You can build your own gift basket company from scratch. Becoming successful in the gift basket industry may take some planning and time, but you can get started quickly, even if you are on a budget.
Purchase supplies for your gift basket business. The basics you will need are a supply of baskets, cellophane or shrink wrap, ribbons, bows, colorful shredded paper or raffia and decorative items. You will also need a supply of items to place in the baskets, such as candy, cookie, teas, coffee, crackers and jam. If you plan to create baby baskets, you may stock things like infant toys, baby blankets and undershirts, baby lotion, baby powder and soap. For bath baskets, you may need items, including bubble bath, bath salts, bath sponges or cloths, body lotion and candles.
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