Choosing the Perfect Items for Gift Boxes: A Guide for Businesses
May 24, 2022
Selling gift boxes can be very lucrative; people are always looking for an easy, ready-made gift for family and friends. If you have a business already selling products, you can put them together in a gift box to open up a new market. Alternatively, you can set up a company that creates gift boxes from various different products. Whichever applies to you, this article can help. Here you can find some tips to help you choose the perfect item for your gift boxes.
Complementary products
The products you choose to place in the same gift box should complement each other. For example, if you’re creating a gift box which includes a bubble bath, you may also choose to include a face mask or candle to enhance the relaxing experience of the bath. Customers will see this collection as a once cohesive gift that makes sense as a gift box. Items that don’t complement each other won’t be as appealing to customers, and they may question why the gift box was created.
Popular products
For gift boxes to be a success, they need to include products that people want to purchase. Your most popular products combined into a gift box will be very appealing for gifting around Christmas and other popular gifting occasions. Before putting a gift box together, take a look at the products that sell well on their own; these are great candidates for your first gift boxes. Choosing these first will give you a good idea of how much your customers and other potential customers are interested in gift boxes. This can help your future gift-boxing strategies.
The cost of the gift box
There are several tactics you can take when deciding the price of the gift box. The first is to price your gift box at a lower price than the sum of all of the individual products. This is a great way to get consumers to buy more items, and it can be a useful tactic if you have one product that isn’t selling well and you’re prepared to make less on this item. Customers will see the gift box as really good value and will be more persuaded to buy it over buying only the items they need individually. The second tactic is to price the gift box at a higher price than you can buy the items individually; this only works if you have added value to the gift box by providing luxurious packaging or the option to personalise the gift with a message. Customers will see the value of these things and will be more likely to pay extra for the gift box.
The number of products
The number of items you place in the box will alter your chances of success. For example, take soap gift boxes; people are unlikely to want to buy more than a handful of different soaps. Creating a gift box of ten soaps will only appeal to a very small number of people. You'll need to do some research to determine how many items to bundle into a gift box. Take a look at what competitors are offering and which boxes appear to be popular amongst customers. This will give you a good idea of how many products people expect to be included and the price they’re willing to pay for a gift box. You can also reach out to your loyal customers and ask them what they want to see included in a gift box. This can be incredibly valuable research that can help ensure your gift box strategy will be a success.
In conclusion, creating and selling gift boxes can be a great opportunity for businesses to expand their market and increase their revenue. By following the tips mentioned in this article, such as choosing complementary and popular products, considering the cost of the gift box, and determining the appropriate number of items to include, businesses can create gift boxes that are both appealing to customers and profitable for the company. It is also important to continually research and gather feedback from customers to stay up-to-date on trends and preferences and to keep evolving your gift box strategy. With careful planning and execution, businesses can successfully tap into the gift box market and offer customers a convenient and thoughtful gifting option coupled with reliable shipping services.