People are
increasingly turning to online stores to buy jewelry. In 2021 alone the online
jewelry market was valued at $7.6 billion with the market growing considerably
in size each year. For wise investors, reselling wholesale
jewelry online is a fantastic business opportunity with plenty of
future potential.
However, before
reselling jewelry online, there are a few things you should know first. Below,
we’ve put together what we consider to be the most important factors for
reselling wholesale jewelry. Following this advice early in your venture will
help you avoid mistakes, save you time and money, and make your business as
successful as possible.
Choosing the right supplier
Not all jewelry
suppliers are made equal. You are looking for a reliable manufacturer, not a
middleman.
While there are now
plenty of wholesale jewelry stores online to purchase stock from, you should
look for one that has the following qualities:
●
Long history of making jewelry
●
Quality workmanship
●
Use of the best materials
●
Fast shipping
●
Bulk order discounts
●
Excellent reviews
Sterling silver
wholesale supplier ELF925, for example, prides itself on
possessing all these qualities selling only the highest quality sterling 925
silver jewelry. Using their wholesale store to purchase jewelry is a
streamlined experience for resellers with a website that makes it easy to find
exactly what you're looking for.
Reputable suppliers
like ELF925 will not only give accurate, clear photos of the products available
but also indicate exactly how much stock is left. This means there is no chance
of delays by ordering out-of-stock goods.
Good wholesale
stores will also help resellers by identifying best-sellers such as the Silver Mountain Necklace. Use these to find
items that sell particularly well to customers and ensure your business is a
success.
Is buying jewelry online safe?
You will want to make sure you only buy from jewelry sellers that offer money-back guarantees and excellent customer service.
Should you have an
issue with your jewelry, wholesalers without a good reputation can often be
difficult to deal with, refusing refunds and being non-communicative. Wholesale
B2B jewelry stores like ELF925 ensure problems are minimized, and when they do occur
they are handled swiftly.
You should, then,
research companies prior to ordering by looking at reviews. Be sure to read
both positive and negative experiences and form a general impression of the
reliability of the company.
It's important, also, to use a company with a secure buying process that accepts Visa, MasterCard, PayPal, or Bank Transfers. These transactions can be arbitrated by financial institutions if necessary and give resellers peace of mind.
Knowing what to buy
Before buying
jewelry, you should also do a bit of research on what you want to buy. For
resellers, this will mean understanding what sells well.
Reputable stores
where you can buy
silver 925 online or gold will not only list live inventory numbers
of items but also let you know which pieces of jewelry are hot sellers.
Look for a way to
sort online stores by "popularity" or look for "best seller" sections. These will give
you an idea of what sells the most and purchase them for your own store,
whether you sell online or in a real store.
Know your customers
You should also
have a good idea of your intended target audience.
If you create an
online store that sells sterling silver jewelry for children, you should look
for products that would appeal to kids. Similarly, if your target demographic
adults who enjoy silver jewelry with gemstones, you should ensure you have
plenty of products like silver half hoop ear studs with cubic zirconias
in stock.
Getting to know your audience and defining your niche can take time, often after your store has launched. Nevertheless, it's worth having an idea of who you expect to purchase your jewelry so you can tailor your stock accordingly.
Optimize costs and profits
As with any business, you'll also want to minimize costs and maximize profits.
For resellers, you
should look for resellers that offer bulk volume discounts so that the more
stock you buy, the cheaper the cost per item becomes. This allows you to make
more money per piece of jewelry and resell items at a more competitive price.
You can also
minimize outgoings by using jewelry wholesale suppliers that have low minimum
order requirements and shipping. Forming a relationship with a good supplier
means whether you need a big restock or a top-up order, you won't be stung with
high charges.
Good suppliers will
also offer free shipping for larger orders. ELF925, for example, offers free
shipping for orders over $499, with a scaling discount on items up to 20%.
Where to buy jewelry online
If you're looking for quality, wholesale silver jewelry,
visit ELF925's online
store now.
We have a massive
selection of sterling silver 925 jewelry from necklaces, rings, body studs,
charms and more. With a low minimum order of just $99, 5% off first orders, and huge discounts for bulk
buyers, ELF925 has become the go-to jewelry wholesale supplier for thousands of
resellers.
