Looking for a step by step guide on how to set up a profitable flower business? Here's my 10-step guide to getting your flower shop set up and running.
Hitting Reset to Create a Profitable Flower Business
I'm not gonna lie, I've been thinking a lot about the idea of going back and having the ultimate 'do over'. The idea of being able to take all of my experience and expertise and go back to Day 1 of Little Bird Bloom. It's so fun to think about and I thought it might be helpful for you too.
Feel free to use this post as a guide, a roadmap and a blueprint for setting up a profitable flower business. And no doubt, it will be helpful if you're brand new. But it might also inspire those of you who are a few years (or decades) into slinging flowers for a living.
In this blog post, I'm going to map out my 10-step plan for setting up a flower shop from the very very beginning.
One caveat before I get into the details: I'm not going to talk about any of the accounting, legal or insurance details because that is 100% dependent on your state and country requirements.
Enlist the help of a professional to help you walk through all the details and don't be shy about Googling all your questions to familiarise yourself with business structures and terminology. (I found this bit really helpful cause it takes some of the intimidation and "I don't know anything" out of the equation.)
Profitable Flower Business: Basic Business Plan
Now, y'all know I'm all for keeping things simple.
It's so easy for us to get overwhelmed and inundated with details – but as helpful as some business plans are, I also find they miss the mark in their purpose. It's easy to get wrapped up in the details and miss the big picture.
Now, I ain't no mathematician but I do find a little bit of math in the early stages of business planning is super duper helpful to paint the picture of where we're going. It's my #1 way of setting the goalposts and bringing focus to our efforts.
If I'm honest, when we first started Little Bird Bloom, I wish I had done more math. I wish I had done this one equation to help me understand the scale and scope of what I was trying to create.
Also, this exercise is particularly helpful if your goal is to earn a full-time better-than-average income from this work.
Here's my super simple approach to basic business planning for florists:
- What do you want your after-tax personal income to be?
- Multiply that by five to get your business' revenue goal.
Yes. It can be that straightforward to map out a plan forward.
So, for example, let's say you want to bring home $100,000 in after-tax income. That means your business' revenue goal needs to be $500,000. If you want your after-tax personal income to be $50,000, then your business' revenue goal is $250,000.
From there, we can take that revenue goal, divide it by an average order value and that gives us a sense of how many orders we need to generate in a year to reach our sales target.
So, if we take that $250,000 and assume our average order will be $150. We need to generate 1667 orders a year or 139 orders per month (or 32 orders per week).
(Please remember, this isn't formal financial advice. This is just a simple bit of math to help us paint the scope of our task ahead. Talk to a financial planner or accountant for expert info specific to your needs.)
The thing about this one bit of math that I find so helpful is that it shows us how big we need to be thinking.
When we first set up Little Bird Bloom, I was excited when we got a handful of orders per week. But this one bit of math shows me just how small I was thinking. Showing up with the goal of creating 32 orders per week creates a totally different energy as compared to my "I'll just be grateful for my 2-3 orders per week" and trying to convince yourself day after day after day to be grateful for what you've got.
How to Set Up a Profitable Flower Business: 10 Steps to Success
OK, so with that bit of math under our belt, we can start to map out an action plan, go through 10 steps to getting those orders, getting customers and making it happen. In order, here's exactly what I would focus on first:
- Name Your Business – check out URLs, explore Instagram handles and do your research to see if your preferred name is available. Then, go in and claim all the social media handles, buy your domain name etc.
- Google Business Listing – as soon as you have your name sorted, go in and set up your listing on Google Maps. It takes a few weeks to have your listing verified by Google so jump on this one early (and yes, you can have a listing without a physical shop front).
- Define Your Vibe + Get Your Branding Sorted – if you're part of my Flower Boss Bootcamp, you know how powerful your brand is in attracting high-value clients. Your brand board sets the foundation for your visual identity, packaging, and overall vibe for your business so I like to start on this early in the process because it makes the rest of the decisions really simple.
- Visit Your Wholesalers Regularly – no doubt, they're not really going to pay much attention to you but I find getting in the habit of going every week is really helpful. It gets you more comfortable with the experience, gives you the opportunity to see what's in season and gets you in the routine of the commute there and back. The more often you go, the less intimidating the whole experience will feel.
- Set Up Your Website + Online Catalogue – inside Flower Boss Bootcamp we give you the exact framework to follow, SEO guidelines and talk you through the product strategy for your catalogue. (Yep!! It's all there waiting for you to join us). Or, you can follow this blog post as a place to start if you're looking for tips on getting your online catalogue sorted.
- Photograph Your Designs + Capture Content for Social Media – this is going to take you a long time in the beginning. Trying to figure out lighting, photo editing and all the things is another set of skills to master, but I promise you, it does get easier (and more enjoyable) the more you do it!! Give yourself lots of time and room to figure it out.
- Push Your Website Live + Set up Google Ads – Google Ads is how you're going to get the volume you need to reach that revenue goal. Along with the right online catalogue offering it's the best way to increase your order volume.
- Set up Instagram Shopping – most website platforms make this bit really simple but don't be shy about using YouTube to learn how to do this (that's how I've learned everything I know about building websites). I've learned so much from random strangers on YouTube when it comes to website stuff.
- Research Relevant Hashtags for Instagram – the magic with Instagram is that it's not your followers who are going to be your first customers. It's people who find you through relevant hashtags. And, because you've got your online catalogue set up on Instagram Shopping, you'll increase your conversion rates because you're making it really easy for your customers to buy from you.
- Post to Social Media Regularly – Make it your goal to stories 5-6 days per week and post to your Instagram feed 3-4 times per week. Be sure to include your hashtags in your posts as this is how you're going to get found by the right customers at the right time.
Need help getting started with your website? Check out this tutorial on YouTube: Getting Started with WordPress https://youtu.be/n_NuZsjJoHA
Another Note about Setting Up a Profitable Flower Business
I used to believe you had to have a physical shopfront to run a legitimate flower business. Turns out that's not true at all (particularly these days, given the last two years of changing customer behaviour).
If having a retail space is on your wish list, that's awesome! If it's not, that's awesome too.
Either way, I'd still suggest you go through these 10 steps before you get too far into the logistics of getting a short front sorted. (That's what I wish I had done so y'all can learn from my mistakes.)
These days, your online presence is how you're going to get the volume you need to reach your revenue goal and getting that sorted before your pour your heart into a shot fit out is really really helpful.
I know there is a lot to think through and that's why, on this week's podcast episode, I'm going through all of this in more detail, talking through the exact steps I'd follow if I could back to the beginning and start a profitable flower business from $0.
Inside This Week's Podcast Episode, You'll Learn:
✓ What to prioritise when it comes to setting up a profitable flower business
✓ The biggest mistakes we made early on in our business and what I would do if I could hit 'reset' to start over in 2022
✓ My exact approach to setting up a profitable flower shop – starting from $0
✓ The right order to navigate these 10 steps and how to make it easier to take action
Listen to the full episode here
Full Episode Transcript
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