For many, owning a flower shop is a dream job. Not only is a florist their own boss, but they share in individuals’ special days and events. However, being a florist is not always all roses; the moment you open the door to a flower shop is the moment you become a business owner.
Being a business owner comes with the responsibilities and challenges that make it successful, or lead to the eventual sale of the business. Before starting your business, there are various preparations you will need to carry out. Starting your business, especially one that involves the sale of goods, can be challenging. It demands creative ideas as well as hard work.
Here are some of the factors to consider when you are planning to own a flower shop:
Knowledge of the Flower Industry
Flower shops are places where individuals can quickly find all types of flowers. The floral industry involves retailing potted flowers, loose flowers, cut flowers, artificial flowers, and various floral arrangements.
The shop operators from this industry purchase these products from both national and international flower farms and distribute them to wholesalers before finally making them available to the public.
You should know that good sources of procurement of the raw materials are vital for the industry and the quality. The rates and the period of delivery should be excellently understood and calculated if you are not planning to sell your flower shop.
Feasibility Studies and Market Research
If you are planning to own a flower shop, you will need to carry out some market research and feasibility studies. For you to make your business successful, you will need to do and consider the following things.
- Psychographic and Demographic: Individuals from both demographic and psychographic composition purchase different types of flowers. Basically, you need to advertise your brand in your targeted demographics. You should have a list of all event planners, wedding planners, local businesses, funeral homes, hotels, and local businesses and inform them about your flower shop. Ensure you have a well-designed website, flower logo, a relevant social media platform and advertising in Google or Facebook.
- Practice Home Delivery: If you have an online shop, you need to have excellently coordinated and committed delivery or courier system. Your staff should be in the position to deliver fresh cut flowers properly and efficiently. Both on-time delivery and quality at the doorsteps of the receivers is a vital factor for thriving in the industry.
- Economic Analysis: If you’re planning to invest in an online flower shop or boutique depending on the potential of customers, you should utilize the power of social media platforms like Instagram, Twitter, and Facebook. Take your time to figure out the costs of operation and set correct prices for your flowers. If you can develop a strong clientele, then you’re bound to make significant benefits.
All the above are just some of the contributing factors that can make or break a shop. Sometimes, it boils down to an attractive business name where one florist sounds pleasing to their audience, and the other does not. At South Florals, we procure existing floral shops from owners that are no longer interested in running them. Within our plan for success, we examine everything, and coordinate with the best service providers. Our excellent workforce and technical detail makes us the first choice for flower shop sales throughout Florida.