Getting Started

Lesson 1

So you've decided to provide low-cost gifts.  How will you possibly satisfy such customer demands and make profits at the same time?

Are you ready to learn how to do this?

Here we go.

1. Establish a pricing formula that allows you to profit.

Many basketeers triple the total wholesale costs to determine the retail price of a standard gift basket. A $25 gift basket, for example, would cost no more than $8.33 in materials and contents. 

For gifts under $8, however, I adjust my formula to doubling the total cost, since for these I use stand-alones that require little to no labor. So, for a $5 gift, for example, I'd locate a gift that cost no more than $2.50.

2. Consider the quantity before you accept the order. An order for 1,000 gifts may be  worth your time more than three $5 gifts. This only works, of course, if you can provide the large orders with little to no labor.

3. Become a shrewd shopper and a clever designer so you can find gift items that require little to no labor on your part.

You must keep your eyes open for bargains from wholesale and retail sources.
What can be better than ready-to-go gifts? Check out these affordable gifts from
Apex Gift Foods

 --Bistro Cheese Serving Tray
-- Bullseye Dartboard Snack Cheese Gift Set

To discover other great stand-alones and ready-to-go items for your low-cost gifts, get our directory, Gift Sets and Stand-Alone Gifts.You will be able to download it right away, day or night. Get your copy now.

In Lesson 2 we'll discuss another type of low-cost gift that will satisfy your customers.

 

 

Blessings,
Flora
http://www.giftbasketbusinessworld.com
http://www.thegiftbasketlibrary.com
http://www.giftbasketbiztips.com