Starting a gift box business online only need 3 key parts to be completed. it includes:
finding a gift box niche
finding a reliable supplier
selling and promoting your gift box online
Here I would like to give some advices on upon 3 parts from a event service supplier.
1. Finding a Gift Box Niche
choosing a right niche can greatly help you to differentiate you from intensive competition. A niche means your gift box shall target a specific buyer and give services to fills a specific market need.
The more specific market you want to devote to, the easier your gift boxes shall be better choice to those clients.
for example, our dragonstage company has been working in the field of events since 2008. we have many clients who works for events, and we can clearly know what they would like during a opening ceremony or wedding. we shall definitedly think before my clients, and have some designed sample for them to choose, rather than from 0 to discuss. belive me, clients always want to have examples to choose rather than design and think over.
how to find a niche market:
(1) write down your interests: if you have a instinct and passionate to run gift box business, you should keep it and find the business excitments from it. because only the passion can help you to overcome difficulties in long run. and your interest shall guid you in a unique way to find right market.
(2) find local market potential: If your gift box have local interest, it means you can directly to discuss with your potential clients and gather market information. also you can use Google AdWords or Google Trends to see potetial market needs.
(3) Research your potential profits: this the most important thing, check the hot sell on Ebay or Amazon with prices, and talk with producer and do deep calculation to estimate your profits.
