Gift baskets are very versatile and can be used for all sorts of special occasions, ranging from birthdays to anniversaries and graduations. Both individuals and businesses give out gift baskets, so the market is definitely wide open.
Having a creative and organized mind will be a major asset to you when you’re learning how to start a gift basket business. A love of shopping won’t hurt either! After all, you’re going to need to purchase items to put inside your gift baskets.
What to Put in the Gift Baskets
Once you decide to learn how to start a gift basket company, you will need to gather a wide assortment of goodies. Simply package them in a very attractive and fun way inside the basket, and you’re all set. A lot of people enjoy giving gift baskets rather than a more common gift because they can be totally custom made in whatever way they prefer.
In addition to standard baskets, why not give some of them a theme? For example, you could create a basket intended for someone to pamper themselves with, and have it contain items like bubble bath, lotions, and even a CD with relaxing music. Another example would be a basket meant to be given to someone who loves chocolate. The basket can be filled with all sorts of chocolates, fudge, truffles, etc.
Keys to Success
For standard gift baskets, you will need to purchase an assortment of baskets and any treats that you wish to include in the baskets. Initially, you will be able to keep your stock fairly low, but as your company grows, you may need to consider purchasing baskets and other items in bulk. This will cut down on your costs considerably.
Make sure you’ve got a designated space which is organized for your inventory, any assembly tables, and other craft supplies such as a glue gun, ribbons, and bows. Also be sure to factor your shopping time into the scenario – especially when you’re first starting out. For each custom basket, count the time it takes you to find all of the items, purchase them, and get back to your place of business. This way you will have a better grasp of the timing of things and won’t risk any late deliveries. One tip is to get to know your favorite gift basket wholesalers. They very well might be willing to clue you in on sales and new items.
You are also going to need a way to accept payments for your baskets. Invoicing online and accepting online credit card payments is a good way to go about this.
Visit local craft stores once in a while to get new ideas. Use your imagination and creativity to create a special gift for yourself: Success!