To put it simply, the gift basket business is a great money maker. It is one of the most popular and profitable home-based businesses in America. After surveying hundreds of home-based gift basket businesses, one magazine in the industry reports that 70% of gift basket business owners report sales between $100,000 and $200,000. While 20% of business owners report their income as higher than $200,000. Furthermore, the gift industry itself, rakes in over 200 billion dollars every year - this means that almost 1% of the money spent in retail sales is spent on a gift item. This makes the gift basket business, a great business idea for teens.
If you’re a teen, starting a gift basket business can be one of the most rewarding fields that you could get into. Not only is it fun but it’s also an opportunity to put your creative talents to work and make a lot of money while you’re at it.
Another reason to start a gift basket business is that gift baskets provide a great value to people. The year is full of all kinds of occasions and holidays when people look for the ideal gift for their friends, loved ones, colleagues or employees. Gift baskets are great for almost any gift giving occasion for a number of reasons. One reason for this is that gift baskets are already wrapped - making them convenient for most people to buy.
For teens, a gift basket business is a perfect business idea because it’s one of those businesses that you can get started with for less than $100 dollars. Also, you do not need a lot of equipment to get started. Another piece of good news for teens is that the over head costs are low. And and you can start on a small scale - selling to your friends, relatives, neighbors, classmates and teachers. When starting your gift basket business, you can even offer special added services such as gift certificates, coupons and discounts to people that order in quantity.
To get started in your own gift basket business, here are a few simple steps to get you going:
1. Pick an exciting name
2. Decide on your target market
3. Choose a basket theme (themes you can try are sports, teacher, baby, etc, etc)
4. Make some sample baskets to show to potential clients
5. Have some business cards made (get some free here.)
5. Start selling and make money!
If you have a flair for putting things together, starting a gift basket business could be the perfect teen business idea. It’s fun, it makes good money, it’s a low start-up business and the market is wide open to anyone with with a little creativity and determination.
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