How to Start Your Own Gift Basket Supply Business
Gift baskets are in great demand. They make fantastic presents and you can now find gift baskes to suit just about any occasions. This means that you can start a gift basket supply business which offers anything from from gourmet foods, chocolates and teas to body lotions, birthday items, special occasion products for wedding gift baskets, and more.
What skills are helpful?
Some knowledge and experience in the gift basket business along with knowledge of a wide variety of wholesale companies. Your familiarity with the business will help you keep your stock fresh and interesting for your clientele.
Organizational skills are a must! It is going to be imperative that you be able to keep your inventory organized. You also need to keep customer information and orders organized.
Creativity is important, you’ll need a little bit of a creative flair to set up beautiful looking baskets.
What tools are needed?
If you’re selling wholesale supplies you’re going to be selling large quantities of supplies at a time. To run a successful supply business you need to have an area large enough that you can keep stocked full of inventory; a room with shelving space is a good option. You are also going to need boxes, packaging bubbles/material, and tape to send out purchases.
If you’re offering gift baskets which you design and build yourself you’ll need marketing materials such as a website, business cards, flyers and basic computer equipment such as a fax machine, telephone and a computer.
You’ll also need to find a good supplier to supply you with all the gift basket essentials and a large table in a roomy area of your home to design and build the baskets.
How do you get started?
Once you’ve made up your mind to go with it you will need to check out legal issues. Businesses that involve lots of shipments coming and going can often be subject to more rules than other home based businesses. Make sure that you have appropriate insurance on your home that will cover your business; you may need an additional policy.
Take your time and develop your first line of products. Provide a nice variety of products and plan to keep introducing new items on a regular basis to keep clients interested. You'll need a well organized and easy to use website along with an attractive catalog. Both will be important in promoting your product line.
Make your customers happy, build a personal relationship with them, and let them know you care about them and their businesses. Customer satisfaction is the quickest way to grow your business as current clients will spread the word about you if they're happy.
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