Graduation season is a great opportunity to make some extra cash by selling graduation leis. While it may seem like an easy and straightforward business, there are a few key tips to keep in mind to maximize your profits.
1. Choose your materials wisely: Your selection of materials will play a big role in determining your profit margins. Opt for affordable yet durable materials like fabric or ribbon, which can be easily purchased in bulk. Flowers and foliage can also be used, but these tend to be more expensive and may require more skill to create a professional-looking lei.
2. Offer customization: Consider offering customers the option to customize their leis with specific colors or designs. This will allow you to charge a premium for your product and make it stand out from competitors.
3. Price competitively: Do your research on what other vendors are charging for their leis and price yours accordingly. Keep in mind that you can still make a profit even if you price your leis slightly lower than competitors, as long as you have a steady stream of customers.
4. Consider bundling: Instead of selling individual leis, consider bundling them together for a discounted price. This can be a great way to appeal to families and groups who are buying multiple leis at once.
5. Market your product: Spread the word about your lei business through social media, flyers or by setting up a booth at graduation ceremonies. Offering a discount for referrals or repeat customers can also be a great way to build up a loyal customer base.
By keeping these tips in mind, you can set yourself up for a successful and profitable graduation lei business. With a little planning and creativity, selling leis can be a great way to make some extra money during the busy graduation season.