Which businesses thrive around Valentine’s Day? | BusinessComparison (2024)

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Which businesses thrive around Valentine’s Day? | BusinessComparison (3)

4 years ago

As Valentine’s Day approaches, there are opportunities for both romance and revenue. As consumers across the country increase their spending on gifts and romantic dates, for businesses the period is a time to acquire new customers and increase profits. If you are looking for a new business idea, the following are the businesses which thrive around Valentine’s Day.

1. Florists

Valentine’s Day is one of the busiest days of the year for florists, with bouquets a popular gift option. There are many ways to start a floristry business, from a small stall selling single roses to a website with a wide range of bouquet choices. Floristry is a passion and requires a gifted keen eye to put together breathtaking bouquets that your customers will love. It pays to take a floristry course to ensure that you understand the industry inside and out. If you're already a qualified florist looking to progress and open your own business, start by taking a look at your competitors and try to find something which will help you stand out. For example, you could offer a subscription or personalised delivery service.

2. Confectionary

Who doesn't love chocolate? Very few people! There are many popular days in the year for confectionary businesses, such as Halloween, Easter, Christmas, Birthdays and more. However, Valentine’s Day offers a unique opportunity for personalising confectionary and increasing profit margins. Great business ideas include personalised chocolate wrappers or decorated chocolate bars, whatever your skills there are many ways to add a unique touch to confectionary.

3. Valentine’s Day cards

They say Valentine’s Day was started by greeting cards companies as a way to increase profits. If you have an eye for graphic design or enjoy crafts, making cards can be a lucrative business idea. There may be local events where you can sell your cards, although online sites such as Etsy are also a great place to start. You could also use social media to drive customers to your website.

4. Babysitting

If you are looking for a business idea with low start up costs, babysitting is a great option. Many parents would like to have an evening to themselves, however they struggle to find a babysitter. Local papers, shop advertising boards and social media pages are a great way to advertise your services. To give yourself a head start, apply for a basic Disclosure and Barring Service (DBS) check to get a copy of your criminal record. It costs £23 and provides your employer with peace of mind that their children are in safe hands. Then you need to figure out your hourly rate and start advertising.

5. Write poetry and love letters

If you're a budding writer, have you considered writing poetry or love letters? A simple and low-cost business idea is poetry and love letter writing, especially if you have a natural flair for words. If you are able to create heart-touching poems or personalised love letters, you could sell your services to those who are looking for a unique Valentine’s Day gift. This business would work brilliantly alongside a card design business.

6. Organise a Valentine’s event

If you have great event organisation skills, you could use these to plan a local Valentine’s event. Many couples will be looking for a date night idea and your event could reel in the crowds. There are many event options, such as stage performances, comedy nights, pop-up restaurants and live music nights. Or even consider lonely hearts looking for love and set up a fun speed dating event.

7. Baked goods

If you are a great baker, there are many opportunities to sell your baked goods around Valentine’s Day. For example, personalised cupcakes and cookies are always popular options for gifts and there are many potential sales outlets. Your local shop, café and craft fair are great places to stock your items and it could open the door for future sales.

We know that finding a great business idea is only the first step, the key to succeeding depends on many factors. Here at BusinessComparison we aim to help your business succeed by finding the best deals for financial products. Whether you need help finding the best startup business bank account or help arranging a loan to get you up and running, we will find the you best deals. Our comparison tool is designed to be quick to use and we compare deals from both leading providers and smaller independent organisations. To find out more, please contact our team today.

Which businesses thrive around Valentine’s Day? | BusinessComparison (4)

Kerry Fawcett

Which businesses thrive around Valentine’s Day? | BusinessComparison (2024)

FAQs

Which businesses thrive around Valentine’s Day? | BusinessComparison? ›

A wide range of businesses can benefit from Valentine's Day, including gift shops, florists, restaurants, jewelry stores, spas, and entertainment venues.

What businesses benefit from Valentine's day? ›

A wide range of businesses can benefit from Valentine's Day, including gift shops, florists, restaurants, jewelry stores, spas, and entertainment venues.

Who is the target market for Valentine's day? ›

Set your sights on the right target

On Valentine's Day, men are the big spenders – in fact, men spend about twice as much as women on Valentine's gifts. For many brands and advertisers, it might well be worth creating a campaign focusing on a male audience. Also, the typical Valentine's day shopper tends to be younger.

Who profits from Valentine's day? ›

Mom-and-pop restaurants, local flower shops and small jewelry stores are the ones that really benefit from this holiday,” said Mamun. “There are even customizable candy shops with products you can write a name on.”

What are the top 3 items consumers buy for Valentine's day? ›

The top gifts include candy (57%), greeting cards (40%), flowers (39%), an evening out (32%), jewelry (22%), clothing (21%) and gift cards (19%).

Which industries see a significant increase in sales during Valentine's day? ›

Retail also sees an uptick around Valentine's Day, including the jewelry and clothing industries, which plan to see record spending of $6.4 billion and $3 billion in sales this holiday, respectively.

What profession receives the most Valentines? ›

Teachers receive the most Valentine's Day cards

According to an array of different sources, teachers receive the most Valentine's Day cards. This is then followed by children, mothers, wives and pets who are placed within the top five.

Who spends more money on Valentine's day? ›

Spending differs by gender and age. Men spend more on Valentine's Day ($200+), while women usually spend less. Millennials are the biggest spenders, with those in that age group planning to spend around $300 on the holiday.

Who is Valentine's day mainly for? ›

St Valentine's Day is an annual festival to celebrate romantic love, friendship and admiration. Every year on 14 February people celebrate this day by sending messages of love and affection to partners, family and friends.

When should I start marketing for Valentine's day? ›

You want to find the balance between too early and too late. Being mindful that people have only recently spent money at Christmas, it's generally good practice to start your Valentine promotion from late January or the beginning of February, with reminders to non-buyers as the big day gets closer.

What are the consumer trends for Valentine's day 2024? ›

Some 33% will shop in department stores, while 31% will head to discount stores, and 17% will buy from florists, the NRF notes. Candy (at 57%), greeting cards (40%), and flowers (39%) will be the most popular gifts. But don't discount an evening out, which ranks at No. 4 with 32%.

Is Valentine's day big business? ›

According to the National Retail Federation (NRF), 62% of consumers ages 25-34 plan to celebrate Valentine's Day in 2024. The projected total in general for spending on significant others is $14.2 billion, while the overall economic impact is an estimated $25.8 billion.

What is the most popular arrangement sold on Valentine's day? ›

The most popular flower to give on Valentine's Day is the red rose. Red roses have long been a symbol of romantic love. However, if red roses aren't to their taste, you could always gift other popular Valentine's Day flowers, such as lilies, tulips or carnations.

What profession receives the most valentines? ›

Teachers receive the most Valentine's Day cards

According to an array of different sources, teachers receive the most Valentine's Day cards. This is then followed by children, mothers, wives and pets who are placed within the top five.

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