If you have plans to start a gift business business, then discover the importance
of shopping smart. Uncover gift basket business tips from a gift basket
business owner who started her business on a whim.
I recently heard from a new gift basket business owner who has taken to time to share her pearls of wisdom with you. She tells her story in her own words, below.
Read her 'My Start To A Gift Basket Business' story with care because she shares with you the intimate details of what she wished she had known BEFORE she started her gift basket business.
My goal is to be totally honest with you because my start in my gift basket business was not planned. And the tips I'm about to give you are tips I wished I had known before I got started.
I started the business when a co worker at the office was thrown a baby shower. Several, people had purchased small gifts and we decided it would make a better presentation as one large gift, I went to a local craft store and bought a basket.
I put everything together and the result was a stunning basket - It was the centerpiece of the shower - after that, things took off.
Starting a gift basket business sort of fell into my lap. After that one baby shower, co workers would ask me to make baskets at price points that they chose. They would set an amount and tell me the occasion and I would make the basket.
Starting a gift basket business on-a-whim was fun, but I soon began to realize that I needed to think more like a business owner. I knew that if I had maintained my initial strategy, my business wouldn't thrive. I had to shop differently to be able to price my baskets effectively.
I began to connect with distributors who cut me amazing deals based on volume. When I finally decided to make baskets my full time business, I had made connections across the globe. I have suppliers in Europe and Asia , as well as across the United States.
I had a hard time pricing my baskets and would often get carried away. I often bought items without checking to see if they could be purchased cheaper. I was unable to differentiate between things that I needed to make the basket complete and going over the top to serve my vision.
Quickly, the internet became an essential part of my business.
In my early days of starting a gift basket business, I got too 'shop-happy'. I would buy too much, and then have feelings of regret tied to ordering items that I did not use.
I would get excited about a product and would order double - assuming I would eventually use it. I quickly realized it is important to have certain staple items and that I must be choosy about the other products that I select.
I've had so much fun learning the ropes of starting my own gift basket business. I just wished I had become a little wiser about shopping a little sooner. But, oh well, we live and we learn.
The key to running this business is t know your clients and select merchandise carefully.
Learn as much as you can about running your business by keeping one eye on what you will offer your customer and the other on how you can maximize that money that you spend.