No one wants to be not invited to a simple get-together or party with friends and family. Whether there is an occasion or not, it is always a good time to gather all the people close to your heart and have a good time together.
Generally, you will need a substantial amount of cheap party supplies to ensure the best event. Considering that most people celebrate parties even during a casual event, entering the world of business that offers party supplies and services has become popular among entrepreneurs.
Even though you have been in the business industry for several years, you can’t contain yourself from asking, “What party needs can you sell for a party store?” Worry no more because you have come to the right place!
This post shares all party supplies you can quickly sell at a party store. Read on to know further.
Why Sell Party Supplies at Party Store?
There are many reasons to consider that justify the increased popularity of selling party supplies at party stores. One of these is that people need them for different events or occasions. You can find tons of incredibly motivational success stories about entering the world of entrepreneurship by selling various party supplies.
Take the story of Adam and Jennifer as an example. They established a company where unique party supplies, including the rare ones and those unavailable in other retailers. They have a direct supplier of the products and give them an affordable cost. Their technique is to sell these products at a much higher price to speed up their income.
In line with that, they could make 15 to 20 dollars from selling a party item that cost them less than a buck. It should come as no surprise that it only took them half a year to generate revenues that exceeded 6,000 US Dollars per month. And after almost three years, they had reached a monthly revenue of 40,000 US Dollars.
Different Parties Need Different Set Of Party Supplies
The category “party supplies” covers a lot of things. When several parties are involved, expect that different kinds of party materials are required. The following are the different party categories that you may consider. This can be your stepping stone to knowing which among various party supplies available you can employ in each category.
In addition, party stores also require party items that are categorized in terms of the type of occasion. To help you out, listed below are the different party groups you may consider when deciding on your party niche:
- Easter holidays
- New Year
- Birthday parties
- Holiday parties
- Sweet 16 birthday
- Graduation events
- Anniversary parties
- Children’s parties
- Baby showers
- 21st birthday
- Bachelorette or bachelor parties
- Wedding receptions
- 50th birthday
On the other hand, it is essential to consider your niche seasonality, specifically if you are focused on specific holiday parties.
Type of Party Supplies To Sell
Once you have decided which party niche you want to focus on, you should consider the different kinds of products you may want to sell. If you are new to this industry, you might be easily overwhelmed with the number of different party supplies available.
To help you out, we have listed some of the standard party supplies under some primary categories. Read on to know further.
- Party decorations
- Cups, utensils, and plates
- Games for kids and adults
- Helium tanks and balloons
- Different decorations, such as banners and streamers
- Gift wrapping supplies
- Tablecloths and napkins
- Envelopes and invitations
- Personalized items
- Birthday candles
- Novelty cocktail items
- Party hats
- Ice buckets and coolers
- Lighting such as tiki torches
- Sashes, Mardi Gras beads, Leis, and other wearables
- Party favors
- Glow sticks, either wearable or handheld
Suppose you don’t want to carry every variety of party supplies mentioned above. In that case, you can still more likely have a massive array of choices that will help you make a significant inventory. This is possible because all examples highlighted above can standout out for various goods.
You will always be responsible for selecting how you will specialize your business. However, keep in mind that there is a unique set of benefits that you can enjoy from limiting and broadening your focus. For example, establishing a party supply business that only specializes in one sort of celebration might become a formidable market rival for items specifically designed for that type of occasion.
However, one drawback of limiting your focus is that the number of customers who will avail of your services will be more limited than stores that sell most types of party products. Nevertheless, you can use a different approach to managing your business. However, your company will more likely succeed if you offer different party supplies.
Benefits of Selling Party Products
The following are some of the notable advantages of selling party products at a party store:
- Selling party supplies can be a low-risk and low-cost investment because all the necessary materials are at a meager cost. Considering that they are inexpensive, you can be more capable of selling higher volumes. This is an ideal method to increase customer feedback and develop your brand.
- You are offered a diverse selection of specializations that you can choose from. This will help you to select your focus on a specific market segment, such as engagements, birthdays, anniversaries, or other important life events. This shows that you can enforce a direct marketing strategy to your customers, who will consider your party items as suitable supplies for their needs.
- Another reason selling party products is increasingly becoming popular is the fact of being lightweight and compact. This means that you can store them easily and transport them economically. In the end, this will enable you to generate a higher income rate by reducing the amount of money spent on expenditures associated with storage and shipping.
- Many people celebrate birthdays and different occasions every year. This means you will never run out of clients interested in availing of your products and services. This frees you from the burden of seasonal sales drop or gradual decline in interest.
Where Can You Bulk Buy Wholesale Party Supplies?
Nihaojewelry. They offer bulk party supplies from balloons, and party decorations to tableware. So you can get everything you need in one place and get it cheap!
For other wholesale party supplies vendors, check this article.
This sums it all up. Discussed above are the different party supplies and categories you can focus on for a better and more profitable experience selling goods at a party store.