Various Things to Consider While Setting Your Jewelry Line for Wholesale
If you are looking to expand your jewelry business, then what you can do is to adopt the wholesale strategy. It is the best strategy that enables you to be proactive in the approach. With the help of the right tools and machinery, you can easily reach out to jewelry stores. Ask them to use your products. Below we are providing you some helpful ways to wholesale your jewelry line.
Things to consider when planning wholesaling your jewelry
Are you appropriately priced to form wholesale profit?
This is the first and foremost thing to consider, many people are not interested to wholesale their jewelry as they do not want to sell it at half price to any other store. This is not true. Retailers do not take full half of the retail price. They mark the wholesale jewellery price with 2.2, 2.3 and 2.5 percent.
To ensure that you are priced appropriately, the wholesale price needs to account for time, material, profit and labor. Markup your own price and make sure that you are consistent on these terms with the other retail store that carries your work. If you are looking to wholesale, your entire jewelry range, then click here to learn more here.
Do you have a cohesive product line?
Stores generally don’t buy a single jewellery piece. They are keen to see the entire jewelry product line with a cohesive voice and vision. So, take an objective look at your own jewellery line before you actually jump into giving your products on wholesale. To make it cohesive, you require cutting a few designs as well as expanding others in order to make more choices.
Have you fixed your wholesale policies?
The benefit of selling your jewelry at wholesale in place of retail price is that you are sending multiple products with each order. To make wholesale strategy work for you, it is necessary to specify a minimum.
This will make your order worth the time and makes sense to a retail store too. Consider all those things that will make an attractive and cohesive display in a jewelry store. Low minimum orders will motivate retail stores to consider you.
Considering all the above tips will generate faster results than what you would get by waiting around customers to locate you online.