This idea requires a small upfront investment in time and money. However, with that in mind it could lead to a steady stream of extra income for you requiring very low effort. It also has the benefit of meeting local small business owners in your area that be useful at a later date.
Local bakeries have a steady flow of customers that are usually celebrating an event like a birthday or seasonal holidays. While local bakeries are great at making their product they aren’t always good at cross marketing complementary products. That’s where this opportunity fits in.
Go to your local party supply store and purchase several foil or mylar balloons with birthday or seasonal themes. The balloons should cost around $2.00 each.
Take your newly purchased balloons to a local bakery and pitch the owner or manager on consigning the balloons near the cash register. Set the retail price of each balloon at $4.00 to $5.00. Offer to split the profits of the balloons 50/50 and be sure that the owner knows the investment that you’ve already made in them. Explain to her or him that if these balloons sell well you’ll be able to provide the balloons at a lower wholesale cost down the road.
Don’t be discouraged if the first bakery owner or manager says “No”. Thank them for their time, leave your business card. He or she may change their mind and call you back. Then, drive to the next bakery and start your pitch with that bakery’s owner or manager.
Let a week pass and then go visit the bakeries that accepted your balloons. If they sold, collect your money and get feedback from the owner or manager on how well the balloons did.
You’ve now successfully established yourself as a vendor to local bakeries and provide them with a complimentary product they can offer to their customers.
Wholesale supplies for balloons can be purchased locally from party stores or often cheaper online. Helium tanks can be sourced locally from party stores or from a specialty gas company. Small disposable tanks can be purchased for around $20 and can fill 20-30 balloons. Larger tanks can be rented from a local wholesale helium supplier for usually a nominal cost, but will usually require a refundable deposit be paid on delivery.
Over time you’ll be able to reduce your cost per balloon to well below $1.00. As your costs decrease you can offer to continue consigning the balloons with your customers and split the higher profits. Or you could offer to have them purchase the balloons from you at a distributor cost that they can have greater control over the retail price.
You may make only $20-30 per week from each bakery. However, once you have ten bakeries on board you will start earning $200 to $300 per week in a business that requires only a few hours per week. Most of the work can be done one day per week.
Over time, look for additional retail locations that may be a good locations to sell balloons such as local florists. Also look for opportunities to connect with wedding planners and banquet halls. Weddings are a perfect opportunity to sell hundreds of balloons at a time.
After a couple months of streamlining your sales and operations of the balloons and continuing to reduce your costs, this business will lead to you making $300 in less than a day per week.