Business Ideas
How to Start a Gift Shop Business In India
By KeeVurds Team
Every occasion demands unique and personalized gift items. Read further to learn how you can start your own gift shop business in India
Planning is the most important part of starting a gift shop business. Decide a business model, finalize budget, location, and more.
Planning
You have to find a place with high footfall levels and no similar shops nearby. Also, choose the location as per your price and item quality.
Right Location
You can study other gifting stores nearby to know more about their best-selling products, pricing, and more.
Competitor Research
As a gift store, you can sell many types of gift items, like souvenirs, merchandise, and toys for all age groups.
Finalizing a Theme
You need to register your company and get the required licenses to start a business in India.
License and Registration
You must find a good supplier who is aware of the latest trends and can provide a gift range on urgent notice.
Inventory Management
The gift shop market is a competitive space. Therefore, you need a clear and defined marketing strategy to grow and make profits.
Branding & Marketing
How Much Does it Cost to Start a Gift Shop in India?
On average, you can expect a startup cost of INR 3,50,000.