Why jewelery you may ask. Why is jewelery better than any other
product to sell. Physical product that is. Maybe the best product to
sell on line is an information product but the best product to sell
otherwise has to be jewelery. Jewelery has one of the best profit mark
ups of all products, especially wholesale to retail. Traditionally
retailers get several hundred percent mark up with jewelery and I will
show you just one one later where you can get much more.
Why is
the profit margin so high with jewelery? Maybe it is because it is a
popular target for shop lifters and kids who fancy a piece. It is much
easier to pinch a piece of jewelery that a handbag or something larger. I
had a tray of nice silver rings in a shop once and noticed one day
about half a dozen plated, cheap fashion rings in amongst my silver. The
kids had been coming in and changing their cheap rings for my silver
ones. They are smart. One school girl had her open school bag at her
feet while she was trying on rings and happened to let one drop straight
in to her school bag. That is why so many stores now have signs out
side saying no school bags allowed.
So anyway, with profits so
high you can afford to lose an odd piece to shop lifters. That is
fashion jewelery of course because you don't want to be losing any real
jewelery pieces as they have cost you a lot. That brings us to styles of
jewelery. Fashion jewelery is popular and always will be because people
buy it for it's afford ability and today, some of the better made
pieces are identical to their diamond and gold partners. So which do we
sell. That depends of course on your market and how you intend to sell.
Remember that if you go into real jewelery you will have to outlay a lot
of money for stock although I am going to show you one place to buy
real jewelery for about 10% of it's value.
Another major advantage
of jewelery is it's compactness. That makes it much cheaper to ship
than practically anything else. This is a plus if you have to order from
a long way away and of course you are able to do so with jewelery. If
you are going to sell at markets or at home parties your stock will fit
into one or two neat boxes for you to carry. I met a retired couple once
who were traveling the country in a camper van. They had a suitcase
full of silver jewelery under the bed and everywhere they stopped they
would sell some to a shop or at a market. If they needed more stock they
could order from wherever they were and it would be delivered in the
mail. That paid there way for their permanent holiday. Sounds good.
So
where is this magic place I am going to show where you can buy real
jewelery at about 10% of value. Remember that jewelery is so easy to
post that you can buy it anywhere and on line you will find many
wholesalers for every conceivable kind of jewelery. One word of caution.
I bought some gold rings once from China that were hallmarked as karat
gold and turned out to be plated so keep that in mind if you are tempted
to buy from there. One of the best places, especially if you enjoy
auctions, is Bidz in the US. They have a new piece listed every few
seconds and sell thousands of nice pieces 24/7.
There is some real
nice stuff there from nice jewelery to very very nice jewelery and it
all sells for an average of 10% of value. I buy there from time to time
as do a lot of other retailers because you can buy real nice stuff
really cheap and sell at a huge profit. I am in no way affiliated with
Bidz and there is nothing in it for me if you buy there. I have seen
some people selling this same information on line. So get out there and
have some fun. Jewelery is fun and I enjoy working with all the
sparkles.
No comments:
Post a Comment