How to Start a Gift Basket Business

Starting a new basket business takes a lot of courage. Heck, it's still intimidating to the most creative designers who have been around awhile.

Here is my business start up checklist to assist you with getting started in your business.

Choose a Business Name

Choose a name that works best with your target market. Nothing that is too cute.

Get a Business License

Contact the business license department of the city or county where the business will be located.

Obtain a Sales Tax Number

Business owners are required to collect taxes from sales and pay them to your state's department of revenue. Once you have a number, you are eligible to purchase wholesale.

Open a Business Bank Account

Now that you are a legitimate business, keep business and personal income seperate.

Set Up a Phone Line/ 800 #/ Voicemail

Contact your local phone company. Keep in mind business lines are more expensive than residential.

Order Business Cards

Business cards are one of the least expensive forms of advertising. They can be ordered from any printer or office supply company.

Credit Card Set-Up

This could be something as simple as Pay Pal. However, do some comparison shopping before making a decision.

Order Inventory

Now that you can purchase wholesale, look for gift industry wholesalers for non-perishable foods, baskets and containers.

Inventory Set-Up and Storage Area

Good storage will make your job much easier. Elect a set up that offers a visual of your products. For beginning inventory, pre made shelving units would work. For curling ribbon, consider pantry shelves from Home Depot.

Welcome to the gift basket industry. I hope this checklist gives your business a strong start.

Tammie Allen is President and CEO of The Gourmet Gift Shop. Tammie specializes in gift basket advice, classes and assistance with start up for anyone interesting in starting their own gift basket business. For expert gift basket advice visit her blog or for ideas for that perfect gift visit her website at The Gourmet Gift Shop.

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