Posts Tagged ‘jewelry business’

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.

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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.

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