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Wedding Favor Business

Breaking Into and Succeeding as a Wedding Favor Business Owner
Starting a Wedding Favor Business Online or Offline

Ah, weddings make you cry. You love all kinds wedding-related. You collect wedding favors because you treasure their sentimental values. You are a hopeless romantic and love beautiful brides. Above all, you have a strong desire in helping them choosing the prettiest and lovely wedding favors for their unforgettable special day.

There are around 2.5 million weddings every year in the United States alone. That is a lot of brides in need of favors.

It is a great thing to realize when starting your business because it can motivate and inspire you to obtain a frame of mind that really believes that there is a demand for this type of small business. Yes, 2.5 million brides is quite a lot, and if you decided upon the Internet business route, you can potentially have a pool even larger than that if your name eventually finds its way overseas.

Do you know these facts about wedding and wedding industry?

June is the most popular month for weddings, followed by August and then September. What happened to July? Perhaps this is an ideal month for you to plan some sort of special promotion and get those July weddings into your business.
The average budget for a wedding is $20,000. With that being said, having the ability and the know-how to provide quality favors at a competitive price is going to be very important. So do your homework.
The wedding business averages to about $40 billion dollars a year being spent in weddings in the United States alone! Get in on your piece of the pie!
The average wedding has 175 invited guests, and usually a large percentage of these actually attend. So favor demand will be more than likely high for each customer you book. Be prepared to produce not only quality, but quantity.
The number one wedding destination in the world is Istanbul, Turkey. Following at a close second is Las Vegas. Consider advertising some destination wedding appropriate favors.
Being able to theme your favors after particular locations just may give you an advantage over the other wedding favor distributors.
80% of weddings are performed in churches or synagogues. Take the time to learn about the different faiths and wedding practices so that you can customize favors not just toward the Big Day, but toward your customer's own personal views and beliefs, so that again, you can stand apart from the favor business rat race.
The average couple-to-be spends around $400 on their wedding favors. Combined with the 1,772,647 reported in the year 2006, that is $913,128,960 spent annually on favors. So you can definitely get in on even a bit of this and have fantastic earning potential.

Judging from these statistics as well as many other things that you may have seen or heard in the media lately now is a better time than ever to break into the favor industry. Why is it so?

One of the main reasons is the fact that no matter what the economy looks like, the wedding industry always tends to be secure. As crazy as it sounds, recessions certainly does not adjust people's expectations for their special day. People run up their credit cards and spend their retirement on lavish weddings for themselves or even more often for their children without ever giving a second thought.

Most people don't believe that it is right to place a price tag on dreams, and many women have been dreaming of their wedding day since kindergarten. This is why no matter what their financial situation; many Americans will find a way to still have the wedding day that they always dreamed of. In translation – your business is always secure and recession proof.

From another economical perspective, it is exciting to see that trade has never been more favorable for this business, and no matter what happens, the wedding favor business is likely to always have at least a fairly bright future.

You will find that most wedding favors that you acquire for your company are made in China. Trade has always been cheap with them and there is just way more of an advantage for Americans than worrying about different business customs.

Such affordability, which sometimes comes with cheap quality, while not desirable for many businesses, is actually something beneficial for the favor industry, as most favors are thrown away after the wedding reception.

You would be hard pressed to find a wedding guest complaining months later about how their favor was defective, and most favors are simply customized containers and other small trinkets that aren't meant to last forever. Bubbles, picture frames, and miniature candy containers just to name a few of them, and China is a fantastic exporter of such merchandise.

Now, can you really make a living selling wedding favors?

Of course you can. In a conservative scenario, you sell to two wedding couples per day. Assuming each couple purchases 200 items, it would total 400 items per day.

Each item brings you $1 in profit, so you can expect to earn $400 in profit per day. With a Web site that does not close doors 24/7, you can expect to conservatively earn 30 days x $400 = $12,000 per month. All simply from starting a Web site.

If you open a kiosk elsewhere, you can expect to double your earning, which leave you with $24,000 monthly in profits. Can you live with $24,000 per month? You can answer it by yourself, probably with a big smile.

With the dawn of e-commerce over a decade ago, people are opting to stay home and shop more than ever. This is especially true in the wedding industry where people's time is extremely limited and yet they have so much to get done.

This is why so many people meet success by starting an Internet business rather than a physical store that people can visit. In fact, you can have your whole wedding favor start-up business all set and ready to go within one day if you so desire. The customers will have no idea how long it took you and they will enjoy the convenience of being able to shop at home rather than having to go interact with yet another wedding related vendor.

In this eGuide, you will find information on:

Understanding what this business truly entails
Where to purchase wedding favors with wholesale prices
How to import products from China (the world's capital of "cute and cheap" stuff)
Where to learn more about the wedding industry and how to succeed in this extremely lucrative industry
Wedding professional organizations to join
Trade shows and expos to attend worldwide

In a nutshell, if you have the drive to succeed and good with people, you're very likely to succeed in this business.

About the Authors

Jennie S. Bev is THE fashion, image and fun careers expert, whose reputation has been acknowledged by prestigious media internationally. She has been profiled and mentioned in Entrepreneur, Teen People, Canadian Business, Home Business, Dong (France), San Francisco Chronicle, The Independent, Daily Southtown, The Arizona Republic, Chic (UK/Asia), Fit (Asia), Femina (Asia) and Dewi (Asia).

Editor-in-Chief Jennie S. Bev was named 2003 EPPIE Award finalist in Non-Fiction How To category for excellence in electronic publishing. She has published over 40 books and 900 articles in the United States, United Kingdom, Canada, France, Germany and Southeast Asia. She is also a college professor based in San Francisco Bay Area.

Co-author Lisa Weinberger is a seasoned freelance writer. Before embarking on the journey as a full time writer, she was a teacher, a private tutor, and an English professor. She is now based in Arizona.

This 49-page instantly downloadable StyleCareer.com eGuide Breaking Into and Succeeding in Wedding Favor Business brings you valuable insider tips, advice and suggestions not available elsewhere to help you embark on this highly lucrative career path.

TABLE OF CONTENTS

The Myths, the Realities, and the Basics
I am not that crafty. I cannot design and personally make wedding favors.
I don't know anybody who's getting married.
I don't have any experience in business. I am not that entrepreneurial.
I don't have a storefront and I cannot afford to rent a space in the mall.
I don’t have a lot of money, not even a few thousands of dollars. Can I start this business with a few hundreds only?
Can I Really Make a Living Selling Wedding Favors?

The Wedding and Wedding Favor Industry in a Nutshell
The Wedding Industry in United States and the Rest of the World
Why It is Good Timing to be a Wedding Favor Vendor
Starting the Business
Scenario # 1: a $500 Budget
Scenario # 2 : a $2,000 Budget
Scenario # 3: a $15,000 budget

Offline or Online?
The Sweet Success of e-Commerce
Yahoo! and eBay are Leading The Way
Going the Brick-and-Mortar Route
Legality
Registering your Company

The Game of Naming Your Business
The Importance of Brand and Branding
Registering for Your Trademark
What Is a Trademark?
Trademark Step-by-Step
Applying for Trademark
Should You Consult a Lawyer?
Positioning Your Products
Human Capital

Buying Wholesale
Importing Process
Going to Trade Shows
Trade Show Directories
Wedding Trade Show Directories
Regional Wedding Expos
Trade Show Preparations: Marketing and Designing Booth
Becoming Part of a Wedding Professional Organization

Success Profiles

This eGuide literally saves you hundreds of dollars spent on professional workshops and training and hundreds of hours of research. It will help you break into the career of your dream faster without having to repeat the same mistakes that most newcomers do.

You can have this exclusive eGuide right away by instant download for only $19.95, which you will earn many times over with your first paid job. This special low discount price is reserved for today, Saturday, 13-Mar-2010 09:12:17 PST only. (Regular price: $29.95)

Breaking Into and Succeeding
in Wedding Favor Business
49 Pages
Regular Price: $29.95
Sale Price: $19.95

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