Gift baskets are a popular selling item among drop shipping businesses because of their versatility and the huge selection that is available to business owners. Many gift basket businesses choose to drop ship because it is easier than having to purchase, assemble, and ship gift baskets themselves. Instead, drop shippers act as middlemen by whom the customer places an order through. The order is then processed and sent to the wholesale supplier, who then 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 extremely flexible in their design and extravagance. Some gift baskets are extremely high end, while others are more modest and simple; some contain only a few gift items and others contain a large quantity of goods. Because of this flexibility, gift baskets can sell at retail prices from approximately $15 to $250. Many of the drop shipping companies that we review have large selections of gift baskets for drop shipping.
Wholesale Drop Shipping Costs of Gift Baskets
Finding a good deal on wholesale gift baskets is crucial to the success of your business. Prices can vary significantly from supplier to supplier, so it is important to look around and do your research when considering a wholesale company. As stated previously, prices will also fluctuate considering the type of product, as gift baskets can differ greatly from one another. Most wholesale suppliers offer prices that are anywhere from 5% to as high as 50% lower than the retail price.
Shopping and selling online has become the most popular method for acquiring and moving goods among both consumers and distributors. Many business owners have, at least in part, moved their stores from physical locations to the Internet. The benefit of online selling is that your store has a potentially expansive customer base, whereas a physical location has a much smaller localized circle of patrons. Selling online can be an easy and simple process, as there are numerous online methods you can use to sell your gift baskets.
E-commerce websites, such as Amazon and eBay, have become choice venues for both casual and full time sellers. These electronic marketplaces allow you to research and analyze your competition and product popularity patterns. In using an established e-commerce site, you already have a potentially huge customer base at your fingertips.
There is also the option to operate your own custom website. Many business owners agree that this is best option, as you are given almost total control and free reign in how you advertise and present your gift baskets. You can attractively customize the page to appeal to customers, as well as achieve the desired visual atmosphere that you want your store to have. A personal website also helps your store stand out among others that exist on the Internet. You can also choose to have both your own website as well as space on an e-commerce page. Many online sellers take this route, as it increases the chances of selling gift baskets even more.
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