How to Start a Greeting Card Business? - PowerPoint PPT Presentation

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How to Start a Greeting Card Business?

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This article is an informative guide that talks about the know-hows, current market scenario, latest trends, planning and challenges to start a greeting card business. – PowerPoint PPT presentation

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Title: How to Start a Greeting Card Business?


1
How to Start a Greeting Card Business?
  • People need greeting cards for countless
    occasions birthdays, anniversaries, deaths,
    graduation, valentines, and whatnot. Some people
    do not even give a gift unless there isnt a
    greeting card attached with it. If you have an
    idea for a line of greeting cards and the
    artistic talent to keep it unique, you are
    surely going to earn big.
  • So, if you want to start your greeting card
    business, make an announcement already, or just
    simply say thanks. Because weve got you covered.
    We have put together this detailed guide
  • that will answer all your questions from How to
    start a Greeting Card Business? to How to
    frame the perfect greeting card business plan?.
  • Create a full-proof, well-planned, legally
    compliant, customer friendly greeting card
    business plan.
  • Decide your Target Audience
  • Deciding the target audience or the target market
    is the essential step zero. You cannot probably
    sell without knowing who youre trying to sell
    to. Decide what audience you want to target.
    Deciding this at an early stage is essential so
    that you can create designs that appeal to those
    audiences. You must go through a series of steps
    to decide your target audience.
  • Lets look at it one by one.
  • Find your Niche
  • You need to think of a strategy that would mark
    your identity and would differentiate you from
    the pool of competitors. Defining a unique niche
    is a part of your larger brand strategy. A lot
    of things will depend on the niche of your
    business, like the name, specialization,
    marketing strategies and so on.
  • Once you specialize in a certain type of message,
    you may find it difficult to branch out because
    the name you chose for your business may or may
    not align with your new specialization. So, it
    is better to know it all before you begin.
  • Greeting Card Type

2
Choose the material that youre going to offer.
There can be a wide range of materials to choose
from like paper, cardboard, reusable material and
so on.
  • Readymade Cards or Personalized Cards

3
  • Either offer readymade cards or personalized
    cards, you can also offer both of them. Although
    custom-made cards produce more guaranteed money.
    You may lose some creative control, as you must
    produce what the client wants. Therefore,
    offering both types of cards can be a plus point
    too. You can also showcase your creativity
    through the readymade cards. By offering
    personalization you can let your customers design
    the cards as they want.
  • Personalized Cards
  • You must be wondering why there is a big
    difference between personalized cards and the
    readymade ones. Well, the answer is simple.
    Customers love things made specially just for
    them. A great way to make customers happier and
    keep them engaged.
  • Deloitte found that 1 out of every 5 customers is
    willing to pay 20 more for a personalized or an
    exclusive product that is designed just for them.
    Another study on creating customer loyalty
    through customization states that
  • customization increases perceived service
    quality, customer satisfaction, customer trust,
    and ultimately customer loyalty toward a service
    provider.
  • You can offer your customers upload photographs,
    write personal messages, add designs of their
    choice and then send it to printing. Customer
    experience finds value through exclusivity in
    the form of customized products. It gives them
    the feeling of something unique and something
    specific that works in just the way they want.
  • We can help you enable offering custom greeting
    cards in your store. To know how, get in touch
    with our industry experts.
  • What does the Greeting Industry look like in
    2020?
  • Keep track of new greeting card business by
    reviewing submission guidelines, requirement
    statistics, by visiting card stores, fairs etc.
    It is a good way to find out what is trending,
    what is not and what sorts of cards are people
    looking for.
  • These stats can also play a role in defining your
    niche. You can also get a good idea about what
    the conventional market is, which could help you
    try breaking the conventions to offer something
    unique. Lets have a look at some of the latest
    trends in the industry.

4
  • So, youre ready with your step Zero and youve
    thought it all through. You know your niche,
    type of cards, type of products and so on. We
    bring you a 5-step implementation plan, to start
    with the successful execution of your Business
    Idea.
  • Step 1 Visibility through Your Website and
    Ecommerce Store
  • The first and foremost step in your greeting card
    business plan is to build your online presence
    and improve your visibility. Online presence is
    important especially in the early days of your
    companies. A social media account can greatly
    boost your online presence.
  • You will also need an Ecommerce store to sell
    your products and showcase your offerings. You
    can easily build your online presence if you go
    through the following steps.
  • Website
  • You will need to register a domain name and build
    a website. You can create your own website and
    customize it to mark a benchmark of your brand.
    You can either build an ecommerce website
    directly or can build a separate website and then
    integrate your ecommerce store to it.
  • E-commerce Platform
  • Selecting the right e-commerce platform is a
    crucial step. Theres a pool of options to choose
    from. Since we are looking for a specific
    use-case that is building it for our greeting
    card print shop or website. You can categorize
    your selection on the basis of licensing, cost of
    development, customization, support services and
    so on.
  • Magento, Shopify and WooCommerce are three
    popular ecommerce platforms with active
    communities for developers for support. Magento
    is the popular choice for larger enterprises and
    for someone who needs flexible customization.
    Shopify and WooCommerce on the other hand are
    hassle-free to start with. You can easily
    integrate the store to your website and get up
    and running within days. Each platform has its
    own pros and cons. To know more about these
    platforms, you can visit this detailed guide.
  • Business App

5
The more unique your designs the more likely
customers are to click on your website. As we
noticed earlier that product personalization is
trending these days. And let your customers
implement this on their own you will need a
Product Customization tool. A product
personalization tool is a Web-to-Print software
with diverse features to your customers to
create customized designs. All you need to do
after that is print those designs. An Intuitive
W2P product design tool consists of everything
that you would expect from an online product
design tool, from diverse customization features
to print-ready designs. Ideally most tools
provide a huge library of images, texts, clipart
and ready templates. A fully-responsive designer
tool is also perfect to create personalized
designs on every printable material. It can have
element-based pricing, design-based pricing and
so on. Pick a tool that gives you full control
over its offerings and flexibility.
Brush Your Ideas is one such tool. Understanding
your business feasibility, it also provides a
custom UI for you to control where your end-users
can perform customizations. Plus, offers
multiple integrations and can work with multiple
platforms. Step 3 The Printing Phase After
your customers design their products, the next
step would be to print those designs. Planning
the printing phase involves planning everything
from the printing methods, supplies, to the
printing infrastructure. Lets have a detailed
look at all these aspects. Printing
Methods There are multiple types of printing
methods. Choose your printing methods first so
that you can make sure of your supplies and the
infrastructure. It is necessary to select a
printing method that gives a desired result.
Some of the popular ones are engraving,
thermography, foil stamping, embossing, digital
printing, etc.
6
While choosing the printing method, think about
the factors like quality of the output, required
resolution, compatibility of the printing method
with your product design tool and so on. Digital
Printing is one of the most common methods that
uses four colors of ink to create intricate
designs and lettering, applied in small dots.
Plus, digital painting requires an image
resolution of 300dpi. It ensures better image
quality and output. You can opt for a Software
to manage your print workflow. It is better to
have a streamlined process that eases operation
from the beginning itself. Check out Brush Your
Ideas Print Job Manager solution. Manage your
Supplies Note down all the supplies that youll
need and look out for similar suppliers. You will
need necessary supplies like cards, paper, ink
and so on. Find wholesale suppliers through
industry contacts, trade journals, internet and
so on. You can go according to your budget and
choose the one that best suits your budget. But I
would suggest not to go for low quality products
solely because of the budget. It is about
customer satisfaction in the end. To manage these
supplies, you can opt for various Inventory
management software too. Infrastructure Set up
the infrastructure pertaining to the printing
method you choose. Setup a professional
workspace with required instruments. The printing
instruments that you buy will depend on the
printing methods that you choose. You can hire
professionals to help you with everything. You
can sign a third-party contract and give the
printing consignments to well-equipped print
professionals. Step 4 Define Marketing
Strategies Your customer probably wont discover
your charming cards without you marketing them.
Your greeting card business plan needs effective
marketing strategies. The best marketing
technique for new businesses is word-of-mouth. As
you grow you can work out on a more formal
approach to your marketing strategies. Marketing
strategies must include social media marketing,
email marketing. You can also create and launch
ads and have your business review printed in the
local newspapers. Promote yourself through
various retail outlets. Showcase some sample
designs on your ecommerce stores and social
media. Advertising through social media is a
good, cheap way to get early business. Choose
the right kind of content to catch the attention
of your potential customers. Offer samples and
prototypes to customers so that they can see the
card up close before committing to larger
orders. You can also sell these cards directly to
pre-existing popular stores. This can build
brand recognition too. Providing additional
sweeteners, such as free shipping, or discount
can also prove to be helpful. The possibilities
are limitless.
7
  • Cost vs. Benefit Maximize the Profit
  • As a beginner every business owner is worried
    about the cost vs benefit ratio. But they forget
    to notice that the benefit ratio is not solely
    based on just the market but also their own
    business strategies. Heres a brief on how to
    increase the benefit ratio using smart business
    tactics. Include these points in your greeting
    card business plan and youre good to go.
  • Most card shops online as well as offline
    sell specialized envelopes, pens, gifting
    accessories and so on. You can implement this
    too. Provide gifting options at the time of
    checkout. Ask your customers if they want
    envelopes and even suggest some based on the
    type of card theyve chosen. This will bring you
    additional revenue.
  • You can sell these cards in bulk at various
    retail centres too. This can help improve your
    brand recognition. Design unique and new ideas to
    get more attention.
  • Decide a pricing system of your own. Especially
    for personalized products. You can include
  • element-based pricing, size-based pricing,
    color-based pricing and so on. You can charge
    your customers for uploading custom photos too.
    You can charge them for every word they write or
    you can implement sentence-based pricing.
  • Plan seasonal offers and provide lucrative
    discounts to your customers. Generally, the
    prices of greeting cards are about 2.50 each.
    However, you can sell a pack of six cards for
    approximately 7.50. This way customers will find
    it cost effective and are more likely to make
    the purchase.
  • Small greeting card businesses can make about
    45,000 a year. Larger companies, like Hallmark,
    make as much as 19.7 billion on particular days
    alone like Valentines Day.
  • Your designs matter, just make sure the designs
    offerings are of high quality. You can
  • collaborate with print-specialists too.
    Print-specialists offer more than simple printing
    services.
  • The old saying goes It takes money to make
    money. But nobody said that you have to spend
  • all of your own money? Small business funding can
    help you cover the expenses required to get your
    greeting card business plan started. You can use
    these funding to help you with equipment,
    supplies, employees, legal fees etc. There is no
    one-size-fits-all type of business funding. So,
    consider your options mindfully.
  • Step 5 Delivery and Logistics Management
  • Last but not the least is logistics management.
    You will need an effective logistics
    infrastructure, to manage your supply chain as
    smoothly as possible. Again, you can do this on
    your own, by creating logistics workflows or you
    can outsource it to a third-party company.
    Decide on a commission to pay them either monthly
    or based on orders.

8
WooCommerce, Shopify, Prestashop, OpenCart, PHP
and so on. We also provide multiple custom
integrations like Print Inventory Management
solution and Print Job Manager. Our product
comes with the top functionalities that you need
to acquire, engage, and serve your potential
end-customers in the best way possible. We
guarantee that our team of expert developers
will guide you every step and be by your side to
embark on this journey ahead. If you do seek any
customizations for your greeting card business
idea we would not be surprised.
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