Every businessman is on the lookout for bright and innovative ideas that are great to capture the market and enjoy increased sales. It’s certainly a rough and tough competition among many businesses as everyone wants an equal market share to sustain in the business world. To aid this apart from the traditional and historical holiday celebrations, ingenious business folks have developed what’s known as the Hallmark holidays that purely exist for commercial reasons. These include Valentine’s Day, Mother’s Day, and Bosses Day and so on. People are often seen spending heavily on such holiday as a means of been in trend and which benefits the retailers immensely. From the many ways of creating ideas to capture the consumers, we focus on the sale of gift baskets and how it is highly profitable for your business.
Must know facts
Did you know that the woven baskets that are been used for display and sale are purely handmade creations. Which means the increase in sale of gift baskets in turn help the revenue of the small and medium businesses and home retailers? Furthermore based on market research more than 80 percent of gift baskets and gourmet food hampers in Melbourne are purchased in the months of December to be gifted as Christmas gifts for friends and family.
Market data also suggest that retailers enjoy higher percentages of profit margins with the sale of gourmet food hampers than the sale of any other individual items.
The benefits your business gains
If your store is lacking on the number of consumers walking in, its time you consider displaying these lavish gift boxes that are simply eye catching and eye candy for your prospective consumers. They look fabulous when elegantly displayed and will make your store a definite highlight. Gift baskets are sure to increase your number of sale. Since various products are all bundled up, you are bound to sell more products than individual items that are put on sale. Give your customers the freedom of creating and customizing their own basket. Facilitate this as the items that are on readymade baskets are often not used or disliked by the recipient consumer. Money speaks at the end of the day and there is simply no easier way of pumping cash other than the sale of gift baskets as you can increase the profit margin for the amount of the basket itself.
Gift baskets are derived from the British style and it would certainly add a sense of class and elegance. Of course there also lies the fact that anyone would love to receive a basket full of gifts than just one single gift for their special occasion.