PREM DUBEY-Chairman(Jabalpur Chamber of Commerce)
A Platform for Entrepreneurs!
Monday, 20 May 2013
Start a Business in Gift Packing
Start a Business in Gift Packing
The gift packing business can be a profitable venture as long as you know some general business tips and demonstrate skill in gift packing. You can start this business with very little capital investment in India--even from your home. The only requirement is your skill in the art of packing and the proper raw materials. If you want to set up a full office or commercial establishment, then you need to follow the rules laid out in the Government Regulations Act for small-scale industries. If you don’t have enough capital, you can begin with a home-based business. You can pick an empty room in your house and convert it into a home office or you can build an extension. Inside the home office, you put display racks for the wrappers and other supplies. You should have a sitting area for the customers and a table where you can wrap the gifts. Once you decide to expand, you can now look for a store space and add certain items that are suitable as gifts like stuffed toys, picture frames, and many others.
STARTING A GIFT WRAPPING BUSINESS – LOCATION
A large worktable is all you need for starting a gift wrapping business. Any corner of your home, such as space set aside in your living room, will do nicely.
You can also turn your garage or attic into a work area during peak holiday seasons.
If your home is too cramped, you can travel to your customers’ homes to do up their gifts there. You can even hire a van and set it up as a mobile work area. This way you can travel to the location and still have an organized work area for business.
Some enterprising gift wrappers get into an agreement with local gift stores and malls to set up their businesses there on a temporary basis. This way you will be getting a steady stream of customers who will be loaded with gifts of all kinds. They will only be too happy to have someone at the store wrap their gifts for them.
PROMOTING THE BUSINESS
While you can wrap gifts for occasions such as anniversaries and birthdays all year round, the peak season is during holidays and festival times. By promoting your business, you can ensure that you do not miss customers at these times of year. The gift wrapper should advertise well before the seasons start.
Use geo-based (i.e. local) internet advertising where available and stick handmade posters in shop windows to let people know that they can get their tedious wrapping done by your business for a small fee.
The nice part about gift packaging is that you can start out with little money – gift wrapping supplies are not too expensive. Obtain a variety of gift wrapping paper, as you will need to wrap gifts for people with different kinds of tastes.
Have children wrapping paper, a business gifts wrapper, wrappers with religious motifs, and wrappers with cute designs. Variety is key!
Source supplies from a crafts store or gift corner, as you will find a good range of packaging at these places. Also be sure to have a stick of glue, a pair of sharp scissors, and plenty of tape handy. Gift boxes are also necessary, because many people will hand you an item that needs to be boxed before you can wrap it. Don’t forget the name tags!
If you want to stand out from your competition, use special supplies to stand out above other gift-wrapping services. You can consider using some of the following:
Place card holders
Fancy ribbons and textiles
Handmade gift bags
Starting a gift wrapping business is fairly easy. Creativity and hard work during the peak seasons will see your business booming in no time at all. Whenever an object is given in the form of a gift, it is usually presented with the finest presentation which not only glorifies the values of present but also the true emotions of the sender.
In many cultures, gifts are traditionally packed. They not only represent one’s love but also the local culture. It is therefore vital to wrap the object in such a manner that it portraits clearly the image of sender’s sentiments. People who are short of time or want professional touch to their gift wrapping can leave their items for wrapping.
If you are looking to start a small business with little investment, Gift wrapping business can be rewarding. To get started, all you need is to put your ideas and crafting skills into good use. These ideas of yours can provide you with a lot of earnings especially during gift-giving seasons and special occasions. This is a golden business opportunity, with little money and effort you can get your business running and can make hundreds as a professional gift wrapper.
To get started with running this business you need to have a good business plan. Even running a small business requires a business plan. After making a rough sketch of plan, get hold of little investment and get along with grabbing the material you require for wrapping. Since most of the things required for wrapping can be fetched from a single shop only, try to get hold of a vendor who can provide you all these. By this you not only save your time but also your money as you can easily get good concessions from a single vendor rather than multiple.
The interesting part about gift wrapping business is that you can start out with little money as the gift wrapping suppliers are not too expensive. Obtain a variety of gift wrapping paper which should be used on all the occasions like, a business gift wrapper, gift wrapper for birthdays, anniversaries, religious motifs.
The key to success in this is VARIETY. If you can cater for all the occasions, you will definitely end up having a big list of customers. Beside simple wrappings, you can also add add-ons to your packing, like ribbons, flowers, cards, or other handmade items including stuff toys. These items can either be handmade or are available on cheap rates. This not only adds beauty but also glorifies your presentation skills, thus making the gift more presentable.
The next factor that comes into consideration is the location of your setup. Generally this business does not require any large workspace. It can be easily be setup in homes. You can even turn your garage into a work area during peak holiday seasons. Another option is that you can travel to customer’s home to do up with gift wrapping. You can even hire a van and set it up as mobile work area. In this way you not only can travel to location but also provide good customer support at the comfort of their homes.
It is sometimes advantageous if you get into agreement with local gift stores or malls to setup your business there on a temporary basis. This way you will get steady stream of customers who will be loaded with gifts of all kinds. On the other hand they will only be too happy to have someone at the store to wrap their gifts for them. You should contain a list of all these customers and vendors whom you are willing to purchase the material from.
Wrapping gifts for occasions is all year round work, the peak season of it can be during holidays and cultural festivals. By availing these events you can not only promote your business but can also ensure that you do not miss any customers. The advertisement for your business should be done well before the season starts.
The mode of the advertisement can be through newspaper, posters, or through internet. On internet you can take advantage of social websites and blogs for spreading your advertisements. Likewise shopping malls, gift stores and public places should be targeted as these places have more customers for gift wrappings.
Another factor that should also be considered is the pricing. Adjust your pricing scale according to the location and time. Like in urban or big shopping malls you can aim for higher prices as the customers can easily afford expensive gifts and their packing. Similarly at the time of events or festivals prices should be introduced that should be little higher than usual, as lots of people will want their presents wrapped at the time of event. Many customers will come at the last minute for gift wrapping; this time can be easily cashed in the form of higher charges or urgent services charges.
In the end the key to success in this business is how to study the sentiments which customer wants to express and how can you make it more beautiful enough that speaks the heart out of the sender.