How to Price Your Jewelry Wholesale

Pricing is an issue that many people in the jewelry business often worry about. However, there is a method that you can easily use, whether you purchase jewelry wholesale or make your own jewelry. Pricing is very important. You don’t want to charge too much, because you won’t sell anything. On the other hand, you want to make sure that you charge enough to make a profit.

If you purchase your jewelry at wholesale prices, a markup of 15% to 30% is usual, and people will pay these prices. In the grand scheme of things, apply the 30% markup, and make that the ‘regular’ price. When you need to move merchandise hold a sale, and use the 15% markup price as the sale price.

If you make your own jewelry, determine the total cost of the piece, including the cost of supplies, shipping, warehousing and packaging, then apply a 15% markup. With the 15% markup, your jewelry will be priced at the wholesale price. If you sell the jewelry to the general public yourself, as opposed to selling it to retailers, apply the retail price, which in this case would be about 45% above your costs.

How to Open An Online Jewelry Store With Jewelry Wholesale

Opening your own jewelry store has never been easier than it is now. In fact, you can use the Internet to open your own online jewelry store and never stock a single piece of jewelry! In fact, your jewelry store could be open for business in less than a day – and the only thing you would need to do is market it! This is pretty much an instant business.

First, find jewelry wholesale suppliers. If you want a truly ‘hands-off’ business, find a wholesaler who will drop ship to your customers. This way, you never have to handle any of the stock. Here is how it works. You get your website set up, with an online catalog of all of the jewelry that you offer. You market that site to the public. Customers start visiting your site, and they place orders. You forward those orders to the drop shipper, and the drop shipper handles the rest!

Most wholesalers will require you to pay for the merchandise before it is shipped. This shouldn’t be a problem because you will require your customers to pay for their orders at the time the order is placed. Of course, you charge more for the jewelry than the wholesaler charges you.

In most cases, you will be allowed to set your own prices. Look to see what the wholesaler charges you, including shipping, then add 15% to 30% to that price. This is what you should charge your customers.

If you aren’t sure how to go about setting up a website, you can probably find a wholesaler who will provide you with a website. Most of these wholesalers charge a fee for the site, and your site will usually look like all of their other distributors. This should be your last option.

You may consider opening an eBay store. There is a fee for this as well, but at least your store will be unique. You can also bypass the eBay store and simply set up eBay auctions, which are very affordable for everyone. Make sure that you set a minimum reserve price for the jewelry that you are selling so that you don’t lose money, and make sure that the buyer pays all shipping costs and insurance.

Again, setting up an online jewelry store with jewelry wholesale is one of the easiest ways to start a business today. You can literally be up and running in a few short hours, and making money within twenty-four hours of ‘opening your doors!’

How to Make Your Own Jewelry Wholesale

Making jewelry is not only fun, it is actually very easy. It just takes a lot of creativity, and a little skill. In fact, you could easily start your own jewelry wholesale company by making jewelry yourself.

There are countless books available with instructions and ideas for jewelry making. There are also numerous websites where you can learn how to make your own jewelry and get ideas. In the beginning, you will probably want to follow a few instructions or patterns until you get the feel for it – but eventually, you should let your creativity shine through and design your own jewelry.

You can easily purchase all of the supplies that you need for making your own jewelry wholesale through wholesale sources online. Buying in bulk will get you the best prices. You can buy cheap gems, and high quality gems as well. Everything that you could possibly need can be located through a wholesale resource on the Internet!

After you’ve made several unique pieces, you should show them to friends, family members, and colleagues. You will be surprised at how many of these people want you to make pieces for them as well! Just be sure to charge, and soon enough, you will have your very own thriving jewelry wholesale business – simply because you learned how to make your own jewelry wholesale.

How to Make A Jewelry Wholesale Catalog

So you want to sell your jewelry? Well, selling jewelry wholesale is a big business, and you
definitely need a catalog of your offerings! Making a catalog isn’t as difficult as you might think. First, you have two options: an online catalog or a print catalog. The choice is yours.

Overall, an online catalog is the least expensive way to advertise your jewelry wholesale company – but with all of the online jewelry stores and online wholesalers, it may not be the most effective way to make sales. A print catalog should strongly be considered for a direct mailing.

If you make your own jewelry, you will need to get good pictures of the jewelry – preferably laid on a velvet setting. Black or blue velvet will bring out the jewelry the most. You can take these pictures yourself with a digital camera, or have a professional take the photographs. It is cheaper to do it yourself, of course.

Load the pictures up onto your computer, and use publishing software, such as Microsoft Publisher to design and layout your catalog. This may take a little time and patience, but it is much cheaper than having someone else do it.

Since you will need hundreds, if not thousands of copies of your catalog, your best bet will be to save the catalog on a CD and take it to a print shop that can handle the job. This will cost money – especially since the pages need to be glossy and in color, and the catalog will need to be bound – but this expense will be well worth it if you will be doing a mass direct mailing.

In order to do a mass direct mailing, you simply find a reputable company who either sells mailing lists or does the mailing for you. You can actually request lists of mailing addresses where the person has expressed an interest in purchasing wholesale jewelry – or any other criteria that you set. In most cases, it is best to have the company handle the mailing for you. They will get the best rates on the mailing because they can use the bulk mail rate.

Make sure that you use a reputable printer, and a reputable direct mail company! This is an investment in the future of your business, and your jewelry wholesale catalog needs to be perfect in every way – and the mailing needs to go off without a hitch!

How to Find Jewelry Wholesale Sources

If you are in the jewelry business or thinking about getting into the jewelry business, you need to find jewelry wholesale sources. Finding these sources isn’t as difficult as you might think – they are everywhere, and if you have access to the Internet, you literally have the world of jewelry wholesale at your fingertips.

There are many wholesale company directories available online, but you really don’t have to purchase these to find the jewelry wholesale companies. Instead, use the search engine and type ‘jewelry wholesale companies’ or ‘jewelry wholesale suppliers’ into the search box. This is the easiest, and cheapest way to find jewelry wholesale sources.

Start making a list of sources. You can do this on notepad or in a spreadsheet. Keep up with which company has the best prices on certain items, shipping costs, contact information, and any other information you may need in the course of doing business.

Don’t forget the online auctions, and remember that eBay isn’t the only online auction either! Keep your eyes open for great deals on jewelry, and make bulk purchases when you can.