How To Start A Home Based Gift Basket Business
How To Start A Home Based Gift Basket Business
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.
STARTUP 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.
Income Potential 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.
Inventory 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.
About the author: La Tunya Sifford is a Work At Home Mom with
two children, ages 13, and 18 months. She has a online gift
basket business, where she enjoys creating beautiful gift
baskets for personal and corporate gift giving. Visit her online
at: www.fullmoongiftbaskets.com