Earn Some Extra Cash By Becoming A Wholesale Jewelry Supplier Whether you're looking for an enjoyable way to make some extra money, or you are planning on setting up shop for yourself, being a wholesale jewelry distributor can be a rewarding business option. Jewelry itself carries a universal appeal that spans cultures and generations, offering endless possibilities for self-expression and self-adornment--there is always a demand for new, unique, and eye-catching personal accessories. Working in the jewelry business appeals to people from all walks of life, whether you'd like to specialize in beaded pieces and hand-made items, or fine metals and precious gems, you're bound to find a personal niche. You will have the flexibility, as a wholesale jewelry distributor, to decide whether your main customers are other companies or individual customers. Getting started, you will want to decide whether you would prefer to manage business-to-business transactions, or distribute wholesale items directly to individual customers. If you would like your clients to be primarily businesses, you will be looking for wholesale-priced jewelry that may be resold to retail shops. In these cases your asking price will be lower than the retail value, but more than the product cost to you. If you've got the capital to make a large investment up front, and you've got the capability to store product, this business model will work well for you. To achieve the highest profit margin, you may make large bulk purchases. Plus, you'll have less customer service issues to manage than you would when dealing in retail, since your clientele will consist of professional agents. However, you may decide that you would prefer to deal directly with consumers, in which case you are going to be finding wholesale items that can be distributed individually through a website, store, or other third-party platforms. After you've made your operational choice from a business-to-business or business-to-consumer setup, you'll need to think about what types of items you would like to specialize in. Would you like to supply costume, fashion or fine jewelry? Or maybe cubic zirconia, beaded, or vintage replica? Maybe you are knowledgeable and familiar with the world of fine and precious materials, or maybe you are interested in hand-made or culturally authentic pieces. Cost are going to be a significant consideration. Buying and selling precious gems and fine metals might be pricey, and it certainly requires in-depth knowledge, a trained eye, and the greatest caution. But, there are a lot of beautiful items that aren't strictly "fine" jewelry, but still have precious and semi-precious stones, along with fine metals such as silver and gold. Next you should decide how to market your products. One of the best approaches to build a client base is to get in touch with jewelry retailers with a description of your products, along with a good price, when supplying businesses with wholesale items. You might also consider signing up to attend some local trade shows, so retailers can shop around for wholesale providers. If much of your business transaction are done online, whether it's on your own business website or through a third-party platform, you'll need to be sure that the site descriptions appropriately direct the browser to your product, and you might want to think about some type of paid advertising. Many wholesale jewelry distributors produce a mixed-model business that uses both business-to-
Earn Some Extra Cash By Becoming A Wholesale Jewelry Supplier business strategies with business-to-consumer options; the individuals that are looking to buy items in bulk, meeting pre-determined minimum orders, will be given an enormous discount, while the retail consumers can still buy individual items directly, at the full price. After you have determined your business model, have selected your niche, and laid out the business plan, you will be ready to start the application process for becoming a wholesale distributor with other companies whose products, brand and purpose meet all your business goals. By buying wholesale jewelry, you will find the very best pieces at the best prices. To learn more about WonaTrading, go to their site at wonatrading.com.
Document Tags: wholesale jewelry, wholesale fashion necklaces http://www.wonatrading.com/
Published on Apr 18, 2014
Published on Apr 18, 2014
By buying wholesale jewelry, you will find the very best pieces at the best prices. To learn more about WonaTrading, go to their site at won...