Gift Baskets??
Posted on October 26th, 2009 in General, Grow Your Sales, Competitive Advantage |
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Some years ago I was consulting for a large company that had bought several interiorscapers. They had visions of opportunities we, as an industry, had yet to explore. They were trying to see what other products and services our existing client base might want or need. They had already looked at Exterior, Cut Florals and so on. What else is out there, they asked.
And so it was that I found myself attending Gift Basket Shows. Yep, I attended several and found out the following. You need to:
- Have products with long shelf life.
- Organize your designs around basic themes, Holidays and Life Events (Birthdays etc).
- Set Budgets Price and Cost Points.
- Be able to wrap beautifully and make bows.
At the Gift Basket Industry Trade Shows , you will find a wealth of product and wrapping material as well as gain a pound or two (all those samples!) The accompanying seminars were very basic and a camera is a must as there are a million design examples. Also available are any number of CDs showing "How To". These span levels of expertise from "Basic/Beginner" to "Advanced". There is at least one industry trade publication and this is always a must have when you are entering a new business.
I spent days, weeks working up basic sales and design formats but, in the end, it was decided not to pursue this new offerring. Too many pitfalls, not enough demand, a new skill set, not everyone’s cup of tea, and so on. Mainly, they opted to concentrate on the core business and leave Gift Baskets for a possible future opportunity.
For me, it was an education. If I were still in the ’scaper business today, I might look at doing something like this IF I polled the Human Resources people at some of my large corporate accounts and determined if they wanted or needed gift baskets for employees who were ill or were celebrating a significant event etc. OR, instead of a Gift Basket I might offer a program of live plants or blooming to mark special occassions. It’s all about what you feel comfortable with, have a market for. My one word of caution is, just because someone else is doing something does not make that an option you have to follow. Know thy business and do not over think or over promise.
However, I do miss those free samples! Now go out there and……
