Start Your Own Gift Basket Business

Baskets full of goodies are a popular gift choice, so you expect a little competition, right? The good news is that your competitor list may be smaller than you imagine. In this lesson, you'll discover how to separate the real competition from every business in your area that sells gift baskets. You'll discover which people are not your competitors, and some of them will surprise you. Then, you'll take a look at your actual competitors and assess their strengths and weaknesses. You'll learn how you can use this information to build your own business. Believe it or not, your competitors may lead you to your next customer!

Grab your calculator, because this lesson is all about money! Success depends on knowing what to charge for each gift basket design, and you're going to learn the formulas to keep you profitable. You'll be introduced to three distinct methods to calculate your prices and then see a sample chart that will help you easily apply that method to all your future designs. You'll also go over the costs that go into each price calculation—it's much more than adding up the snacks and gifts you're putting into the basket. Knowing how much you spend is just as important as how much you charge, so you'll see a quick and easy way to keep track of your expenses. Finally, you'll learn how to increase each sale with a little-known technique that gets customers to say "yes."

Opportunities to let customers know about your gift baskets are all around you. Which will you choose? This lesson will first cover the difference between marketing and advertising. Next, you'll look at marketing techniques, from printing business cards to creating an online marketing campaign. You can spend a lot of money to promote your business, but the good news is that you don't have to. You'll learn to create a marketing plan and advertising strategy that work for you and your budget.

At the end of the day, you're in business to make money. This lesson unveils how to get paid. You'll discover the methods to collect payments by cash, check, and credit cards, plus how to process payments online. The lesson will also talk about the importance of creating a business account and how critical—but easy—it is to establish systems to handle different types of payment.

Getting your completed gift baskets from point A to point B requires planning and additional supplies. Delivering each gift basket on your own may be an option for local orders, but as you get busy, you'll need other ways to get your designs to customers. You'll discover which delivery systems you can use to ship baskets across the country and around the world. You'll find out which equipment and supplies are required for proper packaging and review a tutorial in packing a ship-shape basket.

This lesson reveals the steps to creating a website for your business. Understanding what you want to accomplish on the web is key, along with choosing a company to keep your site up and running 24 hours a day. You'll unlock tricks to creating a site that's attractive and user friendly—even if you don't know a thing about web design. You'll also learn the secrets of search engines to make your site easy to find. Best of all, you'll find out who's visiting your site, which of your designs are most popular, and ways to increase online sales.

Now you know all the basics to start and support a gift basket business. What's next? This lesson reveals the tactics that top designers worldwide have mastered to keep their businesses going and growing. You'll learn how to recognize growth potential and begin to plan for new opportunities, looking ahead six months to ten years. Whatever your ultimate vision is for your business's future, this lesson will show you how to make it a reality.