Eight Reasons You’re Still Not Making Money
Why are your gift baskets not selling? Here’s eight reasons you’re still not making money, reasons you can fix to turn the situation around.
Own it, and fix it
Right now, as you read this, thousands of individuals and corporations are calling a gift company to place an order.
That order is for anything from a birthday gift to a thank you basket for a department with 100 employees.
Did you get one of those calls? If not, your gift basket business isn’t on anyone’s radar, and that’s a shame.
After all of the studio setup, product selections, and getting money to begin this creative business, you’re still not the front runner who’s called for the sale.
The money, as well as the opportunity for additional sales and referrals, don’t belong to you.
That must stop.
It’s time to make smart moves that change your sales from lackluster to lucrative.
Changes include better buying practices, a more-focused state of mind, and steady promotions. With that, you’ll notice sales arriving slowly and then at a fast pace if you plant seeds now.
The eight reasons why you’re not making money
Here are biggest shortcomings for you to change.
Not going after bigger accounts.
Get out of your comfort zone and start promoting to big budget firms.
Satisfying everyone except you.
Are you making too many concessions to get a sale resulting in low profits? That has to end.
Using the wrong pricing model.
Keystoning may be fine to test the market, but you cannot make money in the long run at that level.
Bending over backwards just to get a sale.
Don’t act desperate while trying to get the order. Recognize the value in your expertise.
Buying everything from retailers.
Guess who’s making the real money here, them or you? Buying single products will always be more costly.
Not selling every week.
Sporadic sales are fine if gift baskets are a hobby. As a business, it’s mandatory to sell weekly if not daily.
Letting competitors get most orders.
People buy gifts every day, and if those sales aren’t yours, take action to get those orders.
Change the condition
Start the make money ball rolling by taking action on one of these eight problems.
My suggestion is to choose the easiest one to solve first. Let the next select be one that seems difficult to do because that’s just it — it seems difficult. The action you’ll take is new but one you can fix faster than you realize, which is a satisfying reality for the many designers I coach each week. Let’s talk today to get your business on track.
Which of these situations will you solve first, or is there another problem you need to handle?