Why Should I Sell Wholesale Jewelry?
Wholesale jewelry is a huge market and one that is ever in demand. Large stores and boutiques buy the jewelry that they sell in bulk at a lower than retail price, called wholesale. Anyone can buy wholesale jewelry, so buying and selling jewelry can be a great way to start your own business.
Startup is Inexpensive
Buying wholesale jewelry can be very inexpensive because the jewelry is made from a mold that has already been designed and can be made very quickly. Buying a lot of an item also allows the wholesaler to make a bigger profit, so the wholesaler will give you a lower price per piece of jewelry depending on how many pieces you buy. This tactic allows you to make a larger profit on the items that you sell, as well. If you want to start small, you can buy a few designs and buy more after you have you understand your client base better.
Jewelry is also very easy to store because of its size, so you do not need to purchase extra space to store your stock. You can use space in the garage or the basement, which will allow you to keep your costs low, as well.
Jewelry is Always in Demand
Jewelry has been worn for thousands of years, so you know that there will always be demand for jewelry. You can keep with new styles and trends by looking through wholesale catalogues and choosing which designs you would like to sell. Even though you will have to decide whom you would like to sell to, you know that investing in jewelry will very likely pay off because everyone wants more jewelry!
There are so many wholesale jewelry sellers that you have a huge selection of jewelry and price ranges to choose from. Jewelry designers are also creating new jewelry all of time, which means that you can always find something new and different to sell. You can also ask your customers what kinds of jewelry they would like to buy and you can make some of your purchases based on their answers. The jewelry industry is ever-changing, so you can find out what people want and cater to them.
Sell on Your Own Time
Staring your own jewelry retail business out of your home will allow you to work when you have time. You can sell your jewelry on the internet, at fairs, or at jewelry parties. Also, you can learn about the wholesale jewelry that you buy as you buy them, so you will not have to spend lots of time training. You can also give as much or as little time to your business as you like because the overhead costs are low and there will always be a demand for jewelry.
If you decide to sell your jewelry online, you will not have to worry about the cost or difficulty of shipping because shipping small and lightweight items is very inexpensive. All you need to do is pack the sold jewelry into padded envelopes and you can purchasing a shipping label online and alert the mail service that you will be leaving the packages in the mailbox for them to pick up. This way you never have to leave the house to ship your sold jewelry and you will not have to wait in line at the post office every time you sell an item.
Throw Jewelry Parties
A very fun way to sell jewelry is to have jewelry parties in your homes or in the homes of your friends. Having a jewelry party is a great excuse to invite friends to a fun afternoon of shopping and socializing. When guests arrive, you can have your jewelry set up around a room, so that your guests can look at everything you have to offer while they eat appetizers and chat with each other. In the middle of the party you can give a short explanation about the jewelry and tell your guests how to purchase jewelry from you. At the end of the party, you can encourage your guests to throw similar parties at their homes and offer them discounts on your jewelry if they do. At jewelry parties you will be able to make money and enjoy an afternoon with friends.
Meet New People
Whether you decide to sell to businesses or to individuals, being a salesperson will give you the opportunity to meet new people and make connections to further your business ventures. Of course, the more business that you do, the more people that you will meet. From working with and talking to other people in the jewelry business, you may be able to learn about other wholesalers who sell jewelry that you are interested in and find new places to sell your goods.
Growing your business will allow you to increase your reach and, therefore, increase your profits. Because the jewelry industry is so large, you may be able to expand your business and your stock based on meeting the right people. You could grow your hobby business into a business where you can make an actual salary.
Jewelry As Art
Unlike selling other popular items, jewelry is a beautiful and artful business, so it can be more fulfilling than selling other items that you are less familiar with. Also, if you have a higher budget, you can buy fine wholesale jewelry, which will be more unique and will attract clients with higher budgets.
If you are artistically inclined, you also have the option of making your own jewelry with beads and findings that you buy wholesale. Jewelry that is made my hand fetches a higher price than jewelry made in a factory and it is more unique, which can interest consumers who are pickier about their jewelry. Making and selling jewelry will take more time than buying wholesale only, but because you can charge more for hand-designed jewelry, you will be able to turn a larger profit and express yourself artistically.
Do Something You Love
If jewelry and fashion are of interest to you, then selling jewelry is a great way to create a job for yourself that you enjoy. Buying wholesale means that you will do plenty of shopping to find your stock. If you are already keeping up with current trends, then your knowledge of style will help you to be a more effective buyer and, in turn, retailer. You may also find that, if you like fashion, you will like setting up displays for your jewelry and making an irresistible presentation for your customers. Plus your knowledge of fashion will help you to match clothes and jewelry for your clients, which will encourage them to buy more and come back to you next time they need a new piece of jewelry. Doing something you love will make doing your work enjoyable and you will be excited to run your business and work with your customers everyday.