How To Start A Home Based Gift Basket Business
Online Gift Basket Business
La Tunya Sifford
Many of us dream of working from home, spending more quality time with our families. I decided to do just that. Yes i was afraid of failing, not being able to handle the pressures of running a business, and looking after my family at the same time. So I began my search for the right business to start, GIFT BASKETS! I use to give them for gifts to family members, so I thought why not make money while doing something I loved.
As with any new business,you will have to make a number of decisions. What types of baskets will you offer? If you are working from home do you have enough space for creating your baskets?
What is your target market? And most of all how will you reach them? If you plan to start on a shoestring budget, start slow and work from home. running your business from home will allow you to save on overhead expenses.
Your income potential depends on how hard you work and market your business. Industry insiders estimate potential revenues to range from 10,000 annually working part time from home.
Your Gift Baskets
You can either offer a wide selection of gift baskets, or focus on a smaller market. Some of the common gift baskets being offered include the following:
Gourmet/Food Gift Baskets. These are the most popular gift baskets businesses give to their clients, friends and family.
Bath And Body Gift Baskets. These are very popular! Ingredients of these baskets include toiletries like scented soaps, fragrances, olis, lotions, and aromatherapy products. These are just a few selections of gift baskets offered, the list goes on.
You inventory level should alway grow as your sales grow. Start small, keeping inventory at a relistic level. You can purchase inventory for your gift baskets either wholesale or retail. I would advise buying at wholesale price, because you may buy in quantities.