• SIGN UP
  • Awards
  • Directory
  • Books
  • Startups 100
  • Q & A
  • Forum
  • Blog
WHAT TO START
  • Why start a business?
  • Business opportunities
  • Franchising
  • Buy a business
  • Digital & online businesses
  • Going freelance
  • Part-time businesses
  • Green business
  • Social enterprise
HOW TO START
  • 10 steps to starting up
  • Business plans
  • Setting up a company
  • Working from home
  • Business premises
  • Naming your business
  • Recruitment / hiring
  • HR & management
  • Intellectual property
  • Red tape & legal Issues
  • Product suppliers
  • Setting up a website
  • Starting in a downturn
  • Logos & branding
GUIDES
  • Start for under £10,000
  • Home-based
  • Retail
  • Online & digital
  • Part-time
  • B2B / Service
  • All start-up guides
FINANCE
  • Raising finance
  • Business banking & loans
  • Asset-based lending
  • Business angels
  • Venture capital
  • Grants
  • Leasing
  • Insurance
  • Crowdfunding
ACCOUNTS
  • Cashflow
  • Bookkeeping
  • Budgeting & setting prices
  • Accountants
  • Accounting software
  • National Insurance & PAYE
  • Small business tax
  • Self-assessment
SALES & MARKETING
  • Marketing
  • Online marketing
  • Direct mail
  • Launching your business
  • Advertising
  • PR
  • Branding
  • How to sell
  • Ecommerce
  • Email & telemarketing
  • Exhibitions
  • Selling Abroad
IT & EQUIPMENT
  • Managing your website
  • IT support
  • PCs, printers etc
  • Business software
  • Phones & mobiles
  • Broadband & email
  • Cloud computing
  • IT security
  • Business vans
  • Mobile business
ENTREPRENEURS
  • Success stories
  • Famous entrepreneurs
  • Young entrepreneurs
  • Female entrepreneurs
  • TV entrepreneurs
  • Just started
  • Business leaders
  • Columnists
SUCCESS
  • Success
  • Female entrepreneurs
  • Young entrepreneurs
  • Leadership
  • Support & mentoring

Home > Start a franchise > Franchise guides

Selling gift cards

A highly flexible business with comparatively small overheads

  • Internet franchises
  • Plumbing franchise
  • Vending machine franchise
  • Interior design
  • Sir Richard Branson's start-up tips and insights

  • How to ensure quality logo design: 5 important questions to ask your logo designer

  • Start your own: Sandwich shop

  • Start-up Confidential: JFDI school of management – not so bad after all…

What is it?
Costs?

What can I earn?
Tips for success

 

Aside from the initial fees and set up costs, are not huge.

You will be given stock and stands to get you started and - assuming you choose outlets where the cards sell - money will start to come in after the first month.

Travel
All franchisees agreed that petrol was the by far the biggest overhead. The business can be run from your existing car - providing it has reasonable boot space. Ken Glanville of Colneis admittedly covers all of Devon and Cornwall but estimates that he does 35,000 miles a year - which obviously adds up in terms of petrol costs.

Value
Although once the business is up and running you should find that your success brings your petrol costs are brought into proportion.

Storage
All the franchises can be run from a home office with franchisees either storing stock in a large spare bedroom or - as this isn't a perishable product - in the garage. Although ordering on a bimonthly or even monthly basis means the stock shifts fast and you shouldn't need to store vast quantities. So you won't have to pay out for office space and so long as you have a reasonably sized house you shouldn't be overrun with boxes.

Advertising
The driving force behind this business is cold calling - and subsequently building up relationships with your retailers through regular visits. Advertising costs do not tend to figure. It's only really through word of mouth that clients will contact you.

Sundries
Costs ultimately come down to sundries like your accountancy bill, bank charges for paying in cash and a mobile phone. Once your initial fees are paid, overheads are low - which can only aid your profit margin.

 

page 2 of 5 : prev | next
If you liked this you may also like:-
  • Internet franchises
  • Plumbing franchise
  • Vending machine franchise
  • Interior design
  • Sandwich franchise

Join us on facebook
Follow us on twitter
Share on Linkedin
Digg this
Stumble upon
Subscribe to our feed
Email this article
Print this article

  • Tech Futures Report reveals growing gap for businesses requiring investment of £500,000 to £2mA third of Tech City businesses are hindered by lack of capital
  • Our CEO refuses to talk business in public places – and for good reason – you can never be sure who’s listening, as he witnessed first-hand…The Secret Entrepreneur: Keeping shtum
  • The British Franchise Association’s annual awards relaunches with five new categories for franchiseesFranchisee of the Year Awards opens for applications
  • Opening will be sixth outlet in a year for PopUp Britain campaignNew ‘pop-up’ shop set to open in Surrey


  • Funding for your small business

    Why a business bank loan may be the best option for your start-up
  • Are your customers credit worthy?

    How to minimise the risk of late or non-payment
  • Making business connections

    How to network effectively to create long-term partnerships, generate leads and find...
Find a franchise
  • Car Medic

    Undoubtedly the best value for money SMART repair franchise in the UK
  • LockRite

    The Franchise that opens Doors!
  • Kids Bee Happy

    The Children’s Franchise that means Business
  • FDS - Franchise Development Services

    Franchise development
  • Register as a limited company
  • Design your company logo
  • Find cashflow solutions
  • Get £25 cashback when you insure your business
  • Get your business cards designed and printed
  • Find an accountant
  • Find office premises
  • Raise finance from the crowd
  • Buy business insurance and get cashback

  • Finance your business

  • Public liability insurance

  • Landlord's insurance

  • Professional indemnity insurance

  • Invoice finance and factoring solutions

  • Employers liability

  • Shop, pub and restaurant insurance


  • Buy a business

    • Why buy a business?
  • Setting up a company

    • Forming a limited company
    • Registering as a sole trader
  • Business financing

    • Raising finance
    • Corporate Venturing
  • Setting up a website

    • Business websites
    • Budget and DIY websites
  • Product suppliers

    • Sourcing product suppliers
    • What is wholesaling?
  • Sales process

    • The sales process
    • Negotiation
  • Social enterprise

    • What is social enterprise?
    • Social entrepreneurs
  • Entrepreneur skills

    • Time management
    • Personal development
  • Working from home

    • Financing your home working
    • Working from home tax tips
  • Taking on staff

    • Building the right team
    • Interview techniques
  • News

  • Start a franchise

  • Entrepreneurs

  • Guides

  • Start a business


  • Why advertise with Startups?
  • Contact us
  • NEW! Cookie Information & Privacy Policy
  • Crimson
  • Terms of use
  • Growing Business
  • Small Business
© Crimson Publishing Ltd, Westminster House, Kew Road, Richmond TW9 2ND
powered by System 7