You may want to start a new business or add income streams to what you’re already doing wholesale jewelry distribution offers an attractive choice, literally and aesthetically. The Jewelry Suppliers sell Body Jewelry that are always popular, whether it’s excellent gold, diamonds or soulful fashion pieces, to other businesses or customers who share your love of beauty. You can also work from home as it needs relatively little storage space.
Now you need to decide whether you want to operate as a B2B (business-to-business) or B2C (business-to-consumer) distributor. In case of B2B, the Jewelry Suppliers will be buying jewelry at wholesale prices and then selling it to jewelry retailers. If you have money for initial investments and a means for product storage, this is a good choice because you can buy jewelry in bulk, like Bracelets & Bangles, Earrings Jewlry sets etc.
In Online business have to deal with a fewer customer to deal than a retail business, and they’re all professionals, so your customer service is limited. In B2C efforts, you need to purchase jewelry wholesale and selling it to the end user, either through a store, at home parties, on a website, or using a third-party resource like eBay. If you’re selling jewelry entirely online, you can use a drop-shipping service not to see or never to touch the product.
The Jewelry Suppliers need to Choose the type of jewelry they would like to distribute, such as costume jewelry, fashion jewelry, or fine jewelry. You also should decide the metal you want to focus: silver, gold or platinum jewelry, cubic zirconia jewelry, bead jewelry or others. Costume jewelry is the least expensive to buy and sell, as well as the lowest in quality. Fine jewelry is the most exclusive, and requires experience, care and a sensitive eye.
Though the price and quality of the precious jewelry metals and gems differ extensively, you can still deal with beautiful pieces made with natural materials such as gold, silver, and precious or semi-precious stones.
Create a Marketing tactic
Find the solution of what kind of marketing makes most sense for you. With B2B, the quickest way to secure customers may be to call up jewelry retailers and offer your products at an attractive price. Another option for the Jewelry Suppliers would be attending scheduled trade shows. With B2C, the success of the seller on a site such as eBay will be determined by your pricing, descriptions, and talent to use the keywords your approaching customers are searching for. However, if you’re relying on your own website, you might need to draw out paid promotion.
Create a list of resources and a basic business plan once you’ve made your decision about the best business model for you. With jewelry distribution, you can also make the combination of B2B and B2C. Offer a substantial discount to your B2B customers who purchase a certain number of pieces, and sell them at full price to retail consumers who only want to buy one item at a time. Because the Jewelry Suppliers and manufacturers and resources change often, it’s best to start with an internet search.
Sellers can offer rings, necklaces, bracelets, anklets, or belly rings, just to name a few. Each of these products can be made from hundreds of different mediums such as gold, diamonds, gemstones, shells, beads, and more!
In fact, jewelry is so diverse that if you are Jewelry Suppliers start digging into the multitude of options, you may find your head spinning. For each unique piece comes with a unique design and so on. Take a look at the image below for a better insight.
So here is how to sell online jewelry for maximum profit
Step 1: Explore
Customers will persistently be on the pay attention to new pieces jewelry to add to their wardrobe. In order to make certain you have these new hot items in stock, you need to know about the trends even before the most enthusiastic fashionistas.
Step 2: Find jewelry suppliers
If you’re not making your own jewelry, you’re going to need to find a reliable jewelry supplier. To start with it’s fairly easy to find the suppliers, though it can be challenging to find the trustworthy suppliers.
Step 3: Setting up your online Store
To be honest, it’s going to take more than following a few well-known jewelry blogs and typing in keywords to rank your online store. Create your own jewelry niche, like Bracelets & Bangles, Brooch, Necklace etc. Without a definite niche, your online store might be a failure. Doing this won’t limit you, it’ll keep order within your store.
Step 4: Pricing your Jewelry
One of the toughest decisions you’ll have to make is the pricing of your jewelry. A good rule of thumb is to start with four times your material cost and packaging. And always avoid fake jewelry.
Most wholesale get chances take up 40% to 60 % of your retail cost. From starting your base price at 4 times your materials cost will keep you from working for free.