Everyone wants recognition for outstanding achievement. Therefore, medal and trophies account for millions of sales across North America as children and adults win sporting events, MVP's, workplace awards, etc. In addition, growth in this industry will continue to increase into the immediate future as more sporting events are organised, and more children are beginning to play sports.
To maximise profits buying trophies and medals in bulk from wholesalers around the world will help to keep cost low. Also, engraving and customisation will allow for people to charge a premium for this service.
The engraving equipment can be used to further expand this business idea. Engraving custom pet tags is a way to boost profits and provide a greater range of services.
Basic advertising and word of mouth are the ways in which this idea will begin to pick up steam. Referrals from tournament planners and people in the workplace can help to generate interest and reoccurring customers in the long run.
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