Gift basket dropshipping is slowly becoming the norm. It is mainly because the demand for gift baskets is on the rise. People are preferring gift baskets as a viable gift option now more than ever. Gift baskets are a personalized gift for your loved ones. They are always a delight to receive but they are even more fun to sell. Gift baskets attract a large crowd because of their versatility and wide range. Gift basket dropshipping is a successful business model as it is always in demand. Most sellers prefer gift basket dropshipping over having their own gift basket business. Gift basket dropshipping saves you the trouble of having a warehouse, assembling and shipping the products.
The process is simple, the drop shippers act as a middleman. The customer places an order with the help of the drop shipper. The processed order is sent to the wholesale supplier. The wholesale supplier ships the gift basket directly to the customer. The drop shipper gains profit by the difference in retail and wholesale price.
Retail Cost of Gift Baskets
Gift baskets are an amazing gift for your family and friends. You would think that something so personalized will be a little expensive. That is surprisingly not the case. Gift baskets are as affordable as they can get. The biggest perk of buying them is that they are designed according to a theme. If your friends and family are interested in a specific thing, make no mistake, there will be a gift basket for it. It’s a foolproof method. You can never go wrong with this.
With that being said, the prices of gift baskets vary. Some are more expensive than others. Some gift baskets contain more gift items than others. This is the reason why there is such a large variation in their prices. Normally a gift basket can retail for as low as fifteen dollars to as high as two hundred and fifty dollars.
Wholesale Costs of Gift Basket Dropshipping
The business of gift basket dropshipping in bulk quantities at a lower price is on the rise. There are many manufacturers and wholesale companies that offer gift baskets of a varying price range. The products offered and the quality of the gift basket affect the price. No two companies can offer the same type of gift basket mirroring the quality of the other. They are all unique and different. This is why the first step for you would be to find a good profitable deal. You have to find a company that delivers quality and quantity. This step is necessary for your business to thrive.
Most companies offer a price of five percent to over fifty percent lower than the retail price. This is why you should know your options before diving into things head first.
It is best to do some thorough research of the market values and prices beforehand. Experiment with your options first before setting things into stone. Take your time and don’t rush the process. Trial and error is the best method to avoid an irreversible loss.
Problems You May Encounter
One of the most common problems every entrepreneur faces at first is money. This is a no brainer. Almost every entrepreneur with a startup idea faces money troubles. Of course, loan, borrowing and selling stuff for money is also an option. This is just a temporary relief, however. Borrowing and loaning money means you WILL have to return it. This puts the pressure of making your business be functional as soon as possible. Gift basket dropshipping is in demand which means that your startup has a lot of competition. If you pressurize yourself to make money from your business right off the bat you will face a lot of problems. It’s best to start your business with enough money so that you can take your time and tinker with it.
Where To Begin
It has already been established that gift baskets are themed. In order to start gift basket dropshipping, you need to have a standard theme. Be it self-care themed or celebratory gift baskets, the point is that having a theme is crucial.
Decide what theme you are going for and the type of basket you will be using. The next step is to decide the products you want to add and buying them. You might need a large space like a warehouse to keep all the products and assemble them. Then you have the shipping expenses to worry about. And it doesn’t end there, there is some marketing hustle to look forward too as well. All of this is a very hectic and expensive procedure, in case it wasn’t obvious. Too many things to worry about in the initial stages are going to hamper the stability and progress of your business. If only there was a way to lighten the burden a bit. Good for you! there actually is. Dropshipping is a saving grace for entrepreneurs struggling with managing all the aforementioned duties and steps. By using the dropshipping method you are eliminating the need for these hectic procedures.
Dropshipping is going to be easier to manage and will also not take a toll on your wallet. It’s easier, accessible and affordable. All you need is an idea and a FREE gift basket dropshipping company. This method will not make you indebted to anyone since it is so affordable. This might be the best reason to choose this method as it solves one of the most problematic aspects of starting a business.
But wait a minute… a “free gift basket dropshipping company”? Sounds surreal. It’s true! there are companies that offer gift basket dropshipping services for free BUT they are very few in number. Most of the companies that offer these services charge some amount of fee and expect you to meet some quotas. They will sign a contract with you. This sounds stable but… it’s extremely binding. You don’t need all of this in order to have a successful gift basket dropshipping business. If you look around a little you will find plenty of gift basket dropshipping companies that offer the same services and quality without the aforementioned stressors of a contract and quota.
So here is the thing, you start up your business and gradually build it up. You are selling the gift baskets and are attracting a small number of customers. This is good, as now you finally have the resources to expand your gift basket dropshipping to include other items as well. With time, you’ll be in a good position and would have experience regarding marketing and advertising. This is way better than when you were starting out – completely clueless and with zero first-hand experience.
You have a number of customers and you are aware of what they like. You want them to stay interested in you. The best option is to cater to YOUR audience. You have the advantage of investing in a theme design you have already assembled an audience for. This is likely going to increase the number of sales. Here you also have the option to kickstart your gift basket business if you fancy. And let’s give credit where credit is due, this was all possible because of dropshipping.
Who Is Your Target Market?
Thinking about your target audience in terms of a theme is good. As much as you want to deny social stereotypes they are greatly at work in how businesses market themselves. Using specific fonts and color themes to lure men and women of a certain class into buying a certain product is more common in marketing than you think. The same mindset can be used in gift basket dropshipping if you’re catering towards a certain individual. You can cater towards an individual customer or a business customer. Let’s dive a little bit into each.
Most gift basket dropshipping businesses are designed to cater to women. This is mainly because women make up the largest segment of the industry’s market, as a customer and a recipient. Women are more aware of gift options and are likely to think of giving a gift basket as a present to someone as opposed to men. More often than not the responsibility of buying a gift for someone is usually the woman’s responsibility in a household. This is why gift baskets are designed to cater to women as they are the target audience. The gift prices are also settled according to the audience’s income levels. In this way, everything is thoroughly pondered over to increase sales.
Exchanging gifts with co-workers and employees is a common tactic used by corporate companies to keep their workers happy. This is why some gift basket dropshipping companies cater towards the corporate customers. Exchanging gifts is also very common in a corporate setting even if there is no special occasion like Christmas etcetera. Organizing employee promotions, retirements and birthdays every now and then is the norm. Many also give gifts to customers to make them come again.
The people in the corporate world are even busier than the average individual. They do not have the time to go out and shop for gifts. Having a business designed around delivering gift basket in bulk with just a phone call will be extremely helpful. This is where gift basket dropshipping comes in.
Platforms To Sell Gift Baskets On
There are a number of places you can sell your gift baskets but using your own website is the best. Having your own website is always a great way to lure in customers. You can put some details regarding the gift baskets you sell and customize the layout according to the theme of your gift baskets. Your website should allow the customer to place their order there. If you do not have a website you can utilize platforms like Amazon, Etsy, and Ebay. These websites are crowded with both casual and full-time sellers. Many sellers prefer having a reserved space on an e-commerce platform because it is more prone to getting interested customers. You will not have to deal with the paperwork and everything will be taken care of. All you have to do is focus on quality and marketing. Learn the top 3 ways to run gift basket dropshipping successfully.
Final Thoughts on Gift Basket Dropshipping
If you think that having a successful gift basket business is hard then try gift basket dropshipping. It is easier to manage and does not take a toll on your wallet. Gift basket dropshipping is an easy source of making passive income without breaking a sweat. It is easy to get lost in the drop shipper maze but believe me when I say that its all worth it. It is important to keep reminding yourself that you don’t have to empty your wallet in order to make your business successful. You can easily start up a home-based gift basket dropshipping business for free. Do everything in moderation and take your time. If you have any experience with Gift basket dropshipping then share it below and help others out.