There are several things to consider when starting a gift shop. First, you need to develop a concept. Do you want to go with the traditional and run a gift shop selling traditional items like candles and display figurines? Alternatively, do you prefer a gift shop that is more theme specific? What do you want your gift shop to specialize in? What do you want your gift shop to be known for? Focus on a theme that you are fond of. If you are partial to novelty items then make novelty items the specialty of your store.Look for possible sources for your inventory. This is the fun part. You can join trade fairs or get in touch with the manufactures to see what they’re offering. The internet is also a good venue since a lot of small manufacturers display their items on the web.Be careful in choosing what range of goods to sell for this is the most vital aspect of any gift shop. To be effective, your products must be rare and special that customers will be hard pressed to find elsewhere. This will keep you from having to deal with competition.Another thing to consider is location. You must choose a place that complements the type of inventory you have.You must look for a storefront space that is highly visible and is easily accessible. Ensure that the location has a high amount of foot traffic. Also, see to it that the economy in the area is stable, if not flourishing. As a rule, people tend to be more generous when they have extra money to spare.