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How to start a keychain business

Author : QunYi Gifts

Update time : 2024-01-29 16:26:00

How to start a keychain business

If you haven't considered a custom keychain business, then you should. There are many reasons, but the most important one (and the one you're probably most excited about) is that keychains are a huge money-making tool in today's market. According to Trends and Tactics, personalized and customizable keychains are a more than $30 billion industry!

Where can I start selling my keychain?

Keychains are easy to store and transport, and you can basically sell them on any digital platform (or over the counter in a physical store). You can start selling keychains on Etsy, or use social media platforms like Instagram, Facebook, or TikTok. If you want to go the social media route, be sure to pick a date and time and keep it live so your followers know what to expect. If you want to go the more traditional route, you can easily create your own Shopify or Wix store and sell keychains directly from your website!

Custom keychains are a great item because the markup potential is very impressive. Keychains usually sell for about $10 to $20. When you consider that you can purchase 100 keychains, starting from $1 to $2 each (depending on the style of keychain), then it becomes obvious how much money you can make with custom keychains!

Which key chain should you sell?

This is a good question, but before you decide which keychain you should sell, you should first identify your niche. Are you going to have an aquatic keychain brand that only sells key chains that are related to water, such as Marine animals, divers or coral reefs? Maybe you have a pop culture-themed brand that showcases designs inspired by the latest hit movies, TV shows, and songs? Maybe you'll focus on sports or video games.

Either way, after you decide on your niche, you can decide if you want to make metal keychains, PVC keychains, or embroidery keychains. Perhaps you want to sell all three types - each with its own advantages and attractions.

Get your keychain retail ready
Making your keychains retail-ready is the key to being able to sell them at a higher price. The best way to make them retail-ready is to add packaging. Our most common packaging options include velvet bags, velvet boxes or acrylic boxes. That said, the final choice is up to you!

I don't want to make my own custom keychain!
This is a good thing! You should leave it to the experts. The best option is to design your own and then have your keychain made by a professional. This way you can be sure that the quality is top notch! However, you will need to find a reputable custom keychain company to work with. Here are some features to look for when researching:

Competitive price
The price should not be too high, but not too low. This indicates that the company is too good to be true, and another factor in the manufacturing process will suffer as a result, such as turnaround time or product quality. Collect pricing from at least 3 different companies so you know the average cost.

Fast turnaround time
You need to get your business off the ground, so you can't wait too long to produce your product. Make sure the turnaround time is reasonable, but also make sure the manufacturer you choose will keep you updated throughout the process.

Good communication
You don't want to be in the dark about the status of your custom keychain order. Make sure the company you're working with can answer any questions you have at any point in the process, from design to manufacturing to shipping.

High quality
You want to make sure that the company you work with delivers the best quality on the market. If you want to get your keychain business off the ground, quality is more important than anything else. Most companies will let you order a sample for a fee so that you can preview your product before ordering in bulk. We can provide samples free of charge with one order. If you are not in a hurry to receive your order, we highly recommend you do so.

Special option
The company you decide to work with should have special options. Special options truly make your keychains unique, beat the competition, and allow you to sell them at a higher price.

Promotional activity
Choose a company that offers special rates so you can maximize your savings. Companies like qunyigifts will almost always offer some sort of promotion, so you can save a lot of money on your first order if you keep an eye out. As far as custom items go, keyrings are very cheap. But they're not free, so it's smart to take advantage of these discounts.

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By all means, you can do all this research, but qunyigifts may be the best choice for you! We are ready to complete this task and check each box above, then check a few more boxes. If you need some help, work with our creative experts!

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How to start a keychain business