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Starting an Online Wedding Favor Business

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Are you looking for a home based business opportunity that is rewarding and fun? With an online wedding favor business, you’ll help brides choose the perfect wedding favors to add to their special day. According to TheKnot.com, wedding budgets are at an all-time high with the average wedding cost reaching $29,858. This means brides will be looking to spend a higher amount on wedding favors than ever before, making now an ideal time to consider this stable industry.

We have been helping entrepreneurs like you pursue their dreams of running a home based business since 2007. With our internet business in a box you can work from anywhere in the world as long as you have a laptop and an internet connection. Plus, we are with you every step of the way! 

If you think the weddingindustry is a good choice for you, here are a few more statistics that will show why this is a sound industry to invest in:

  • Approximately, 2.3 million couples wed each year in the US, which breaks down to 6,200 weddings per day according to SoundVision.com.
  • According to a governmental study of almost 13,000 people, about 80 percent of Americans are married by age 40. A more general finding shows that 70 percent of people ages 25 – 44 have been married at least once.
  • The average minimum cost for wedding favors in 2012 in the U.S. was $155.00 as reported by Statista.com.

If you would like to receive more information on starting your own wedding favor business or to speak with one of our representatives, please contact us.



Did you know there are Approximately 2.3 million couples who are wed each year in the US?

This breaks down to 6,200 weddings per day according to SoundVision.com. 78% of couples use the internet to search to find products & services for their wedding, which gives you the opportunity to become a part of this booming market!  Soundvision also reports, “June is the most popular month for weddings, then August, followed by September and October”. The most popular wedding seasons are just around the corner and now is the time to think about starting an online business favor business. We have several reasons we think you should consider starting an online wedding favors business as it is one of our top online business ideas because the Wedding industry offers.

  1. Increased spending on weddings year over year
  2. Increased use of online shopping
  3. Multitude of items to sell due to personalization
  4. Social media presence
  5. Attractive shopping experience

Increased Spending on Weddings

Spending on weddings has been increasing substantially every year despite the economic downturn. In article, “Average Wedding Bill Hits $30,000“, written in March 2014 on the website www.money.cnn.com, the writer reported that budgets for weddings were on the rise, reaching an average of $29,858 in 2013, which was 5% higher from 2012. This was according to a survey of 13,000 brides and grooms taken by TheKnot (www.theknot.com). Furthermore, 15% of the couples surveyed reported they spent even more – reaching upwards of $40,000.

Increased Use of Online Shopping

Wedding budgets have been increasing steadily since the economic downturn of 2008, and in 2013, couples spent a record high average of nearly $30,000” Couples are more focused than ever on creating a unique, personalized and once-in-a-lifetime experience for their guests – plus they’re doing so in a modern way, by planning from their smartphones, publicizing details on social media and more.

Brides and grooms are shopping online! This makes perfect sense. There are a lot of moving parts to planning for the wedding and purchasing items to make that special, personalized event. Couples generally don’t have time to physically go from one store to another looking for just the right products. So, they do their shopping while at lunch, on breaks, standing in line at the deli, etc.

Personalized Shopping

One of the biggest wedding trends is creating personalized experiences for the guests. Any research you do about wedding trends shows that couples are no longer settling for a standard, template-designed event. Couples now want their personality to be infused in every detail of the ceremony and reception, from the flower containers to the favors. This means a lot of attention to detail and a lot of time searching the internet for those special items. This also means a great opportunity for an online business focused on weddings!

How to Get Started

Therefore, we think given the strong and growing market for the wedding industry, the growth of the online shopping experience in the industry, and the fun you can have operating it, an online wedding favor business is one of the top ideas for an online business! So, what are you waiting for? Let’s get started! To see the latest collection of online wedding favors click here.

 

If you would like to receive more information on starting your own wedding favor business or to speak with one of our representatives, please contact us.