A stationery business sells custom printed and designed paper products for event promotions and personal announcements, such as weddings or baby showers.
Learn how to start your own Stationery Business and whether it is the right fit for you.
Start a stationery business by following these 9 steps:
You have found the perfect business idea, and now you are ready to take the next step. There is more to starting a business than just registering it with the state. We have put together this simple step guide to starting your stationery business. These steps will ensure that your new business is well planned out, registered properly and legally compliant.
STEP 1: Plan your Business
A clear plan is essential for success as an entrepreneur. It will help you map out the specifics of your business and discover some unknowns. A few important topics to consider are:
What are the startup and ongoing costs?
Who is your target market?
How long it will take you to break even?
What will you name your business?
Luckily we have done a lot of this research for you.
What are the costs involved in opening a stationery business?
If you are starting your small business from your home, your overhead can be relatively low. If you decide to open a shop or rent an office space, your monthly expenses can increase within the range of $2,000-4,000. And, if you decide to purchase your own letterpress, you can add an additional $4,000-7,000 to your start-up total.
Regardless of where you set up shop, you can expect to need the following items:
A computer with powerful processing speed for creating and generating designs
A subscription to a design suite, such as Adobe
A website and tech support
A camera and tripod for taking product photos for your website
Your own promotional items, such as business cards, stickers, and print examples
What are the ongoing expenses for a stationery business?
Ongoing expenses should stay fairly low, as paper products will be ordered, as needed, and shipping costs should be absorbed through customer orders. There may be needs for additional computers, programs, or tech supplies as the company grows. If you purchased one or more printing press/letterpresses, the maintenance expenses may prove the most costly as well as the most vital.
Who is the target market?
Stationery design and printing is primarily a service sought out by those planning weddings and social or business events. Hosts or event planners who want to add panache to the special day will often look for a non-commercial design, which is perfect for the boutique printing operation. Carefully consider that these type of events, or your level of customer reach, will determine your success or struggles. Social media and an online presence are necessary for reaching a desirable customer base.
How does a stationery business make money?
Stationery businesses make money by charging clients for the labor and materials associated with the design and printing of custom stationery products.
How much can you charge customers?
Customer pricing should be relative to industry print pricing, but should also underscore the fact that you are designing an original product and your work is unique. Materials costs will be relatively the same, depending on where you order wholesale. The real price fluctuations will come from the intricacy of the design and the hours of labor you charge for. A beginner stationery company may want to hedge their bets by offering standard print packages in the $200-600 and $600-1,000 ranges. As you progress upwards, you can charge considerably more, with some specialty printing companies charging five figures.
How much profit can a stationery business make?
A stationery business can maintain a successful bottom line with low overhead costs fairly easily, as many of the services can be subbed out to other contractors, such as paper supply and printing. On average, a small stationery business could generate $20-22,000 annually, with the potential for much more through organizational growth.
How can you make your business more profitable?
Consider printing options that are overlooked or dismissed because of cost, and brainstorm how to create profitability. Offer a low cost option, such as bulk order pricing, that will be worthwhile for you and penetrate a market not using your services. Thinking outside the box is always a positive, especially if you can minimize your risk.
Or, go the other direction by offering premium pricing for individualized content and design extras. Give your product a branding which denotes the highest quality and exclusivity and the clientele will often rise to the occasion, so to speak. Whatever you do, remember your pledge to deliver high quality and proper customer service.
What will you name your business?
Choosing the right name is very important. We recommend checking if the business name you choose is available as a web domain and securing it early so no one else can take it.
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