5 Reasons to Start a Baby Gifts Business Today
Could things look any bleaker out there in the economy? Not that I've seen.
More and more people are looking to earn extra income wherever they can get it and starting a business is a great choice.
It is cheaper than ever to start your own operation from home and the internet is the best way.
Overhead is low and many manufacturers originally against offering their products to only online retailers are turning the page and are also looking for sales wherever they can get them.
The time is ripe for starting a business that is more recession proof than most and a baby gift online business is the way to go and I'm going to tell you why.
#1 What may have cost twenty thousand dollars only 5 years ago now costs only a fraction of that.
I'm talking about getting a well designed and professional looking website up and running soup to nuts.
There are plenty of places to find ecommerce solutions, but you want to find one that is search engine friendly, able to be customized for when you want to make your own additions to it, does not lock you in to a long term commitment and make sure you own the domain.
There are many sketchy places out there that make it look as though they are doing you a favor by keeping your store URL name, but don't be fooled.
You buy it yourself and they should only be hosting it.
#2 Pick a product line to sell that people need.
When you pick a broad range of things people don't really need than you are setting yourself up for disaster.
People are always having kids and their friends and loved ones need to buy them gifts so there you go.
Maybe the amount they will spend is less, but gifts will be coming to the new mom and dad.
#3 Drop ship is the way to get started.
Find companies that will drop ship the baby gifts for you and offer you a true margin close to a 100% markup.
That's where you want to start.
Many will offer minimal discounts to be resold, but the spread is so limited you won't make any money on the sale after you factor in shipping and other costs.
Think of specialty baby gifts like personalized items and gift baskets.
Universally fun and not as boring as diapers and creams.
#4 Offer coupons and other specials in emails to your friends to get started.
They can forward this along to their friends and off you go.
Each person loves to have the inside scoop on promo codes and after they have successful transaction you can follow up with a thank you email and you have a happy new customer.
Chances are the recipient will love the gift and because it is a gift, not a self purchase, the probability is that they won't return it.
#5 Keep costs down.
Spend as you go.
You don't need to go for broke and spend tons of money with online advertising as most of it is a waste.
Banner ads and such cost more money than they will bring in so focus on the coupons and save your money.
Little by little build your network and in a few months you will have some extra money to build upon.
Good luck with your new baby gift business and maybe I'll be seeing your new store up and running in no time.
More and more people are looking to earn extra income wherever they can get it and starting a business is a great choice.
It is cheaper than ever to start your own operation from home and the internet is the best way.
Overhead is low and many manufacturers originally against offering their products to only online retailers are turning the page and are also looking for sales wherever they can get them.
The time is ripe for starting a business that is more recession proof than most and a baby gift online business is the way to go and I'm going to tell you why.
#1 What may have cost twenty thousand dollars only 5 years ago now costs only a fraction of that.
I'm talking about getting a well designed and professional looking website up and running soup to nuts.
There are plenty of places to find ecommerce solutions, but you want to find one that is search engine friendly, able to be customized for when you want to make your own additions to it, does not lock you in to a long term commitment and make sure you own the domain.
There are many sketchy places out there that make it look as though they are doing you a favor by keeping your store URL name, but don't be fooled.
You buy it yourself and they should only be hosting it.
#2 Pick a product line to sell that people need.
When you pick a broad range of things people don't really need than you are setting yourself up for disaster.
People are always having kids and their friends and loved ones need to buy them gifts so there you go.
Maybe the amount they will spend is less, but gifts will be coming to the new mom and dad.
#3 Drop ship is the way to get started.
Find companies that will drop ship the baby gifts for you and offer you a true margin close to a 100% markup.
That's where you want to start.
Many will offer minimal discounts to be resold, but the spread is so limited you won't make any money on the sale after you factor in shipping and other costs.
Think of specialty baby gifts like personalized items and gift baskets.
Universally fun and not as boring as diapers and creams.
#4 Offer coupons and other specials in emails to your friends to get started.
They can forward this along to their friends and off you go.
Each person loves to have the inside scoop on promo codes and after they have successful transaction you can follow up with a thank you email and you have a happy new customer.
Chances are the recipient will love the gift and because it is a gift, not a self purchase, the probability is that they won't return it.
#5 Keep costs down.
Spend as you go.
You don't need to go for broke and spend tons of money with online advertising as most of it is a waste.
Banner ads and such cost more money than they will bring in so focus on the coupons and save your money.
Little by little build your network and in a few months you will have some extra money to build upon.
Good luck with your new baby gift business and maybe I'll be seeing your new store up and running in no time.
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