Making a profit from a gift basket business involves much more than simply selling plenty of gift baskets. There are many factors that contribute to the overall profit of a business, including the salary, supplies used to produce the gift baskets and the selling price. To start making a profit in your gift czn business, compose a list of your supplies along with the prices, and start setting your gift basket prices so they can bring in a profit for you and keep your business afloat for years to come. Create a list outlining the supplies you use to compose the gift baskets and the content you put in. Add a price to each of the items, so you can i make money selling gift baskets a general idea of the overall value of the gift baskets based on their content. This includes wrapping paper, bows and greeting cards, if applicable.