Gift Wholesale Business

3 Gift Wholesale Business Success Stories [2024]

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Updated: September 6th, 2024

Stocking your shelves with unique, high-quality gifts? Consider launching a gift wholesale business. Simply put, this venture has you sourcing and selling gifts in bulk to retailers at a discounted rate.

From handcrafted clocks to charming ceramics, the choice of products you stock can capture the interests of various retail markets. The initial steps involve building relationships with artisans and manufacturers, ensuring a steady supply of distinctive items.

Inventory management, order fulfillment, and marketing are integral to scaling this business. By focusing on curation and quality, you can position yourself as a go-to wholesaler for retailers looking to offer something special.

A gift wholesale business taps into the perennial demand for unique goods, offering you a compelling opportunity to carve out your niche in the retail ecosystem.

In this list, you'll find real-world gift wholesale business success stories and very profitable examples of starting a gift wholesale business that makes money.

1. GiftBasketsOverseas.com ($10M/year)

Dmitriy Peregudov, the founder of GiftBasketsOverseas.com, came up with the idea for his business after experiencing difficulties in sending gifts internationally. He realized there was a need for a one-stop solution for personal and corporate gift senders and launched his first website, flowers2moscow.com. Since then, he has expanded to offer global gift delivery in over 200 countries and has seen significant success, with average monthly profits of around $100K.

How much money it makes: $10M/year
How many people on the team: 95

How I Started A $100K/Month Corporate & Personal Gift Baskets Company

GiftBasketsOverseas.com is a global gift delivery company that generates $100k in profits per month and connects more than two million people worldwide for personal and corporate purposes through their platform.

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2. SendAFriend ($9.6M/year)

Tyler Macke, the 21-year-old founder of SendAFriend, came up with the idea for his business after realizing that many of his favorite e-commerce brands lacked a philanthropic purpose. He wanted to create something different and decided to launch SendAFriend, an e-commerce brand that sells stuffed animal care packages. The business has seen significant growth, with projected revenue of $5 million for 2020, and has already donated over $250,000 to children's hospitals.

How much money it makes: $9.6M/year
How much did it cost to start: $1K
How many people on the team: 20

How I Started A $500K/Month Stuffed Animal Care Packages Ecommerce Brand

Meet Tyler Macke, the 21-year-old founder of SendAFriend, an e-commerce brand that sells stuffed animal care packages, which began with $50k in revenue in 2019 and is now on track to make $5M in revenue this year, while donating 10% of revenue to children's hospitals throughout the United States.

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3. OffiNeeds ($9M/year)

Srikanth Acharya, the founder of OffiNeeds, came up with the idea for his corporate gifting business after a prank where he jokingly told people he was going to start a corporate gifting company. However, while answering questions about the business, he realized that there was a market for it and created a business plan. He resigned from his job and launched OffiNeeds, which has now almost doubled its revenues year-on-year and is on track to achieve INR 100 crore in revenue this year.

How much money it makes: $9M/year
How much did it cost to start: $1K
How many people on the team: 100

An April Fool’s Prank, Led Me To Start My Corporate Gifting Company

Offineeds, a leading corporate gifting and custom merchandise company that has doubled its revenues year on year over the last 3-4 years through the use of technology, offers solutions including Official BrandStores, New Joinee Welcome Kits, GiftKart, and Gift Voucher solutions serving over 2,000 large corporate clients.

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Read by 4,261 founders