Want to learn how to start a tumbler business?
Tumbler business involves selling containers made from ceramic or glass to prospective buyers. The containers can hold two to four cups of liquid and can be used in different ways.
Starting the tumbler business is profitable, and below are tips for an intending seller.
How To Start a Tumbler Business
Do you have plans to venture into the world of selling tumblers? You do not need to drool over getting the necessary information anymore as the content of this article has been compiled for that.
The key steps in planning for a tumbler business include;
Choosing a Name
Logically, it is ideal to choose a name that reflects the value and beliefs of the company.
Do not forget to take note of the naming rules of the state where the business is intended to be operated, as it is very important if the business/company is to be approved.
There are tools on the internet that can generate brand-able names for your business, and one is Shopify’s Business Name Generator.
Once you have gotten a name for the business, you must make these final checks;
- Check the state’s name database to confirm the availability of the name you chose
- Do a domain name search for the preferred name of the business and register it as soon as possible if it is available
- Do a search on US Trademark Electronic Search System to make sure the name has not been trademarked by anyone.
Write a Business Plan
Going into a business because of what you heard or saw about people doing the same thing is not ideal. You must have concrete reasons and plans before delving into the business.
A business plan should be solid and explain the core objectives of your business, steps to be taken to achieve them, how to lure customers, and the strategy to retain the customers.
Sections of a business plan include;
- Executive Summary
- Business Description
- Market Analysis
- Competitor Analysis
- Products to Offer
- Competitive Pricing Strategy
- Marketing Strategy
- Financial Projections
You can search for tools online if you wish to write a professional business plan.
Packaging Your Business
As a businessman/woman, you should know that packaging builds your brand and conveys a lot about you to the customers.
Neatly packaged tumblers are sure to lure customers to your store in a bid to patronize you, and that means more money for you.
You will need a good strategy to get that done and you can get tons of eye-catching package supplies online.
Promoting/Marketing Your Business
Physical Marketing is one way to get the best reviews about the business you embarked upon.
You can make tumblers and give them to people around you to use, have a feel, and drop feedback to you. If they love it, you will surely get more customers through them.
Digital Marketing is another type of marketing that the majority have embraced because it showcases your works to a larger audience.
You can start by posting it on your social media pages, answering questions about it, gaining their trust and making money.
Requirements To Start A Tumbler Business
Due to a lot of factors, the things needed to start a Tumbler business vary, but this content focuses on the basic materials needed for the business to take off.
Expansion may come once the business is raking in profits.
It can be made from glass, ceramic or stainless steel for the buyers but it is logical for a beginner to start with a stainless steel tumbler as it is more durable than others
This is very common among tumbler sellers who customize it as well, and it requires a Vinyl cutter and transfers tape. It costs hundreds of dollars if you are to get a new one.
Tattoo Paper & Waterslide
You will need a computer and a printer to maximize the function of the Tattoo Paper and waterslide, and you can get those that are ready for use if you do not have a computer or printer.
They don’t come expensive as they are available for purchase in the range of $20 – $50.
As a seller who knows that the satisfaction of customers equates to more patronage, sales, and profit, you must be aware of the importance of glitters in the world of selling tumblers.
They shine brightly, do not bleed or dull, and is also cheap. Glitters are sold in the range of $30 – $50.
You may spend more than that in the long run, as glitters are addictive.
Glitter Glue & Brite Tone
Glitter Glue is all you need to seal the shiny glitters to the tumbler that is to be sold out to prospective buyers, and the Brite Tone is used to laying a super clear, high gloss, and durable protective finish to your project.
However, for the base of the tumbler, you can use spray paint.
All these may be gotten at the rate of $150.
Paintbrushes, popsicle sticks, and mixing cups fall under this category. They are not expensive and can be gotten from stores for $50.
How Much Does It Cost To Start A Tumbler Business?
For a beginner, the cost of starting up a Tumbler business is between $800 – $1200. The breakdown shows that supplies cost $300 – $500 and marketing costs $500.
If you want to operate on a bigger scale, and not the “buy as you grow” strategy, it will set you back in the range of $8000 – $10,000 depending on the production volume and strategies implemented.
How To Make Money Selling Tumblers
There are different ways to make money through the sale of tumblers to people who need it. You can choose to have a store and wait for people to pay a visit and patronize you, and you can decide to sell your products online and benefit from the power of the internet.
Online sales may require you to create an online store and that has become an easy task to execute thanks to sites like Shopify.
If you properly execute the plans, you stand to gain a lot from your tumbler business. A customized tumbler can go for $40 while the amount it costs you to make it is $!2. That equates to a profit of $25 – $28 on every transaction.
Imagine selling over 50 tumblers within 30 days, you must have made a profit of over a thousand dollars.
A Tumbler business is a profitable one, and it is advisable for potential entrepreneurs to try it.
Once you’ve got the vital information about the business you want to embark on, coupled with your resilience and determination to make it work, you are a step ahead.
We believe this content will serve you a lot in your quest to make money from making tumblers.