If you like creativity and wanted to start a small business idea, then you should explore starting a gift basket business. This business idea is the best home-based business dethatch can be started with low investment.
How to Start a Gift Basket Business?
1) You should know that Gift baskets are used for birthdays, weddings, anniversaries, new babies, or any other celebrations we generally celebrate.
2) Select an appropriate gift basket theme (design) that is suitable for the occasion.
3) You should decide what goes inside the gift basket. It could be food items, dry fruits, gifts, or any other treats which you can add to the gift basket. Sort all such items in one place so that they are easily accessible.
4) Decide what you would use for the gift basket. It could be a gift pack or a basket box. You also need to see how you dress up and personalize for each occasion.
5) Look for the supply stores that can supply all the required food items, dry fruits, or basket materials for a low cost. Initially, you need to buy small quantities to start, but later when your business would grow, you can increase your purchase quantity. When you order bulk purchases, you would get more discounts and your cost would come down.
6) Price your gift baskets. It includes gift box costs, food items, and all other related costs associated with it. Initially don’t expect too much profit. Add only small profits initially and once your business grows, you can increase the price of the gift baskets.
7) Use your skills and creativity to market them. Social networking sites like Facebook, Twitter, and Stumble upon sites would help you to access a larger consumer market. You can leave samples in the near store, schools, and colleges. This is a good way to market your products.
8) the Best way to start this business is to identify your competitor’s products and analyzes how they are promoting their products. This would help you staring your business and you can add unique features to your products to increase sales.
9) Online marketing and distribution of your products would help your business to grow.
What are unique things you can do to promote your gift basket business?
Gift basket for movie lovers:
Have special themes for a gift basket for movie lovers. You can add a good large bowl of popcorn, DVDs, and other regular gift items.
Romantic gift basket:
You can add beautiful artificial flowers or special bangle items which can be used by an individual to gift to his girlfriend or wife.
College student gift basket:
You can add all varieties of chocolates, candies, and coffee day vouchers for the college student gift basket.
The above are only a few suggestions and hundreds of such unique promotional ideas can be created from the Gift basket business.
