Gift Basket Business - Pricing Your Gift Baskets

www.GiftBasketBusiness.com/, 973-279-2799. How do you price gift baskets so you make money? This video, from author and expert Shirley George Frazier, provides insights on pricing your gift baskets for profit. • Gift Basket Business -...
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[@keighley6]

Rule of 3's 1st 3rd - cost of all items/materials and then times 3; 2nd 3rd - overheads ie electricity for making items/assembling/time spent putting together 3rd 3rd - profit

[@ShirleyGeorgeFrazier]

Thank you for sharing, keighley6.

[@rakiyaify]

Thank you i been trying to figure out a good way to price my baskets and u open my eyes

[@Giftbasketbusiness]

You're welcome, Rakiya!

[@lisamitchell244]

Thank you I’ve gained a wealth of knowledge and gift baskets tips, and ideas from pricing to making bows 😊 thanks for sharing

[@ShirleyGeorgeFrazier]

You're very welcome, @lisamitchell244 ! I'm honored to have guided you to be as successful with gift baskets as you wish ! 😊

[@lissa4306]

Thank you so much for the 3 rule to make a profit! I just watched a video by gift basket maker that sells online. Her profit is $7-$8. It was a 5yr old video - not sure she is still in business. I commented on her channel that her low prices are problematic for other basket makers especially with $2 shipping or free.

[@ShirleyGeorgeFrazier]

You're welcome, @lissa4306. Some makers do not operate a full-time business while others do. That may (or may not) be the reason for that person's profit. Still, now you have additional information to earn higher income.

[@SharJones87]

I'm just starting a business making custom sweets and novelty items so this is right up my alley!

[@ShirleyGeorgeFrazier]

Excellent, Shar! So glad the videos here on Gift Basket Business Channel are helpful!

[@tlunceford77]

They have an app called the craft calculator that help you price your goods now.

[@fussygirl65]

+tabby314 thanks just got the app on my phone !

[@Unveeiltv]

Thank you

[@KandiaHaynesworth]

Very well done! I own an embroidery gift basket business and the number one question is always ''how to price gift baskets"... I enjoyed watching someone else in the business explain.. Thanks for sharing!

[@Giftbasketbusiness]

Much thanks, Kandia! Happy to share this information with you!

[@littlemspd9674]

Thanks for sharing.. I've been looking into pricing to start my new business

[@Giftbasketbusiness]

+Littlemsp D Pricing is what we discuss in great detail in the online gift basket business class. Join me there, and then you'll really know about pricing: GiftBasketClass.com

[@melanievogt9976]

Great advice, thanks for the tips.

[@ShirleyGeorgeFrazier]

You're welcome, Melanie!

[@catz2710]

Where do you get your baskets from? They all look so pretty.

[@Our-differences]

thank you so much!!!!!!

[@ShirleyGeorgeFrazier]

You're welcome, sizolwami ngema!

[@tahnimangino7637]

What is your return policy and shipping policy? I’m setting up my wix website and was curious. Thank you!

[@deefeliz4610]

What's in the one with the green bow ?

[@deefeliz4610]

Can you show us what you put in the baskets ?

[@jblack4735]

Thank you for this video :)

[@ShirleyGeorgeFrazier]

J Black Happy to provide you with ideas on this topic!

[@designingwithnessa]

Thank you again for teaching me

[@Giftbasketbusiness]

You're very welcome, designingwithnessa, and thank you for watching and listening to this video!

[@tumiretimberlake5225]

Hi! Is the class still available to take? I want to sell gift baskets to my family and friends for now. Also, my question is if I purchase everything I want to put in my basket, and add up the cost of everything together, can I multiply my total cost by a number of my choosing? Plus my shipping

[@Giftbasketbusiness]

Here is the course link, and your questions will be answered in the course, as I am not able to provide answers here. www.ed2go.com/courses/business/small-business/ilc/start-your-own-gift-basket-business

[@deefeliz4610]

Double or Triple, what you paid for all your stuff ?

[@tamekiathecouponingcamperl5084]

I coupon for a lot of my items, should i add it up at store price or what i paid?

[@Giftbasketbusiness]

Store price, Tamekia.

[@tamekiathecouponingcamperl5084]

Gift Basket Business Thanks because sometimes I feel guilty and don’t know what to charge for an item I got for free.

[@deefeliz4610]

Can you show us what you put in the baskets

[@ShirleyGeorgeFrazier]

Yes, Dee Feliz. Items to put in gift baskets is listed in each of these What to Put in a Gift Basket articles: giftbasketbusiness.com/category/what-to-put-in-a-gift-basket/

[@deefeliz4610]

YES ! We want to make money ! ! !

[@lateemaphillips1929]

Thank you SO much

[@ShirleyGeorgeFrazier]

Lateema Phillips Glad to make this information available to you, Lateema!

[@lateemaphillips1929]

Yes because I withhold a lot of creativity and i just want to finally work for something i enjoy doing...

[@kayonwalker5483]

I want to start my gift basket business

[@ms.p1907]

what size shrink wrap to use?

[@Giftbasketbusiness]

Shrink wrap measuring 20" wide was perfect for this design.

[@barbaraannjelksogwu5049]

Thanks

[@Giftbasketbusiness]

You're welcome, Barbara!

[@tamekahunter3707]

Shirley how much should I charge if they purchase everything?

[@Giftbasketbusiness]

Tameka, that answer varies according to your location and current business expenses, both fixed and varied. Many designers in the Start Your Own Gift Basket Business course ask the same, and I'm able to give them specific help because I know more about their business, location, and goals. Learn more about the course at GiftBasketClass.com/. I look forward to welcoming you!

[@dawnlee6]

I spent more money for the products Because I wanted it to be amazing. Maybe next time, I will incorporate the Cost. I put expensive robes and slippers candy and candels.$75. I probably gave it away.🤔😁❤

[@ShirleyGeorgeFrazier]

Dawn, it's so easy to spend more than you expect to spend. Still, when a person is special, you tend to give them the best!

[@dawnlee6]

Watching your videos has given me a First class touch on making my baskets, Thanks for inviting us into your expertise 🙋🏾‍♀️💕

[@lashonsmiles1061]

@@Gorgeousbronze1 thanks for the motivation... thinking of starting selling baskets this year...my mom been wanting to for years

[@persebra]

your cost X 3=price

[@ShirleyGeorgeFrazier]

per sebra That's not always the formula. There are other parameters that can lower or dramatically increase the pricing. Thankfully, there's more to it!

[@lissa4306]

Please post new videos! There are far too ,any videos by incessant talkers whose videos ate too long to replay & do not stick to business. Your videos are short & to the point. Than are

[@ShirleyGeorgeFrazier]

Thank you for your comment, @lissa4306, and encouragement to upload new videos. My schedule continues to be tight, and I will attempt to offer more in the near future.

[@sindiaperez]

Wow don't rip people off that's scandolous

[@ShirleyGeorgeFrazier]

Thankfully, Sindia, gift basket designers are focused on providing quality and convenience rather than a bad experience when providing customers with value.

[@pinklilac7]

Anyone making anything to sell needs to sell higher than what they paid into it. They have to purchase the items, put it all together, deliver/ship, etc. That's just logical business. If you aren't making a profit than what is the point (unless of course you want to do this voluntarily)

[@soulavenue8]

You are the cheapskate no one wants as a customer. Begone!

[@fluffysox6072]

Haha sorry girl. The products cost what they cost. Our time and effort is worth something

[@tamekiathecouponingcamperl5084]

@@ShirleyGeorgeFrazier You're so right. I was drastically underpricing my baskets because i couponed for most of it. I forgot to add in my time and gas into the total.