Starting a Gift Basket Business

So, what is involved in starting a gift basket business?

Typical Services

The products of a gift basket business are generally personalized gifts presented in a 'basket'.

Clients can be individuals, who purchase your products as gifts for friends and family or corporate marketing departments for use as promotional items.

The baskets can be assembled around a theme, for example, holiday greetings, special occasions like birthdays or anniversaries, and thank you or congratulations baskets.

Qualifications?

There is no need to any formal qualifications to start this business, but you do need some natural creativity, an ability to make your gift baskets visually appealing.

An eye for color would be a definite bonus!

It is also helpful if the new business owner has some skill and experience in running a small business, for example with record-keeping or marketing.

Equipment and Supplies?

To start this type of business you will need to stock up on supplies like baskets, gift wrapping, ribbons and bows, packing materials, basket fillers (like silk flowers, florists blocks etc) and a glue gun.

You can expect to spend a considerable amount of money, between $500 and $1,000, on your initial supplies.

You will also need to source the 'gifts' that you will include in the baskets.

If you are offering a delivery service, you will also need a delivery van or some other vehicle.

Startup Costs?

Your startup costs will vary depending on whether you are planning to work from home or a shop-front, and whether you are going to offer a delivery service. If you decide to minimize your startup costs by working from home, your advertising costs will need to be considerable (anywhere between $500 and $3,000), to get the word out to potential clients.

Potential Earnings?

Most of these businesses offer a wide variety of gift baskets, ranging in price from as little as $25 up to as much as $300. This is a highly competitive field with low entry barriers, and a relatively low earnings potential.

Yearly income can range from $25,000 to $45,000.

Looking for a Complete Business Package To Help You Easily And Quickly Start Your Own Profitable Home-based Gift Basket Business?

The Complete Guide to Starting a Gift Basket Business, is the ultimate HOW TO reference for the gift basket industry. It explains all aspects of starting and operating the business in an easy to understand format.

Additional Resources

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