How to Trade Wholesale Jewelry for Profit

Add a comment July 27th, 2011

If you are looking to earn money on the Internet, you must associate yourself with the right products that sell well internationally… products like jewelry.

Jewelry is a massive seller on eBay. One of my favorite things about selling jewelry is that it’s so lightweight that your shipping costs don’t eat into your takings. Also, because wholesale jewelry items are so small, you don’t need to lease storage for them, making it a very economical option for sellers.

Doing business on the Internet is no different than doing business in your hometown. If you offer quality products, at decent prices, you will make money. You will also get referrals from delighted customers. The amount of money you earn is determined by the spread between the wholesale and retail price of your products. I have used the ‘Asia Wholesale Jewelry Database’ to fast-track the process and find the products that sells.

The ‘Asia Wholesale Jewelry Database’ shows you where to procure raw gems and ready-made jewelry in Third World countries. Many of the items you will find can be marked up 500% – 1000%, when retailed in North America or internationally.

I would propose that you have jewelry that is different and high-quality to sell.

Determine who would most want to buy the jewelry you are selling. Or instead, decide who you want to sell to, and make jewelry that would appeal to them. Your product should match your marketplace.

Have extremely clear, appealing photographs of your jewelry. This is all-important because people can’t actually pick up the jewelry so the photograph has to tell the story. If you can find a local photography student that would be cheapest, or, if you can afford it, hire a professional.

Study all you can about internet marketing and how to engage with your target market.

To help get you started, here are 5 all-important tips to conquering wholesale jewelry on eBay:

1. Find a reliable source of jewelry. Wholesalers are a fantastic choice. All good ones offer low prices and thorough customer service. When looking for a wholesaler, make sure you take the time to find a trusted one. I invariably make sure my suppliers satisfy the following requirements:

-They offer safe payment options such as PayPal or credit card payments. This way, you can do a charge back if something goes wrong.

-They are a member of a directory such as ‘SaleHoo.com’ who verifies all their suppliers.

-They have been in business for more than 2 years. (You can verify this by going to http://www.domaintools.com and entering their URL to see their company information.)

2. Before you go dealing with a new supplier, order a sample of the wholesale jewelry from them first. This way you can valuate the calibre of the product prior to committing to a larger order. When ordering samples, make sure you take the time to wear the jewelry yourself to see if it tarnishes or breaks easily. Buyers are always looking for good quality items when it comes to jewelry.

3. Avoid fake goods. This is vitally important. The penalties for selling fake items are very serious, and auction sites like ‘eBay’ are dedicated to keeping their sites free from fakes. Sometimes it can be difficult telling the difference between a genuine designer item and a fake.

The trouble is, many suppliers of fake wholesale jewelry sell them at very low prices to lure new sellers in.

What these sellers don’t know is that even at a wholesale rate, designer goods are still very pricey. There really is no such thing as a $100 Rolex watch, or a $50 pair of Tiffany earrings unless of course, they are fake!

4. Once you have sourced your jewelry, give yourself more of a chance of making a sale by including more than one photo of the wholesale jewelry items. Buyers love to see the item thoroughly, and photos are the only way to do this. While it does cost extra in ‘eBay’ fees to list more than 1 photo, it is proven that listings with more than 3 photos sell better than those which do not. If you are concerned about paying more in ‘eBay’ fees, look into using a free image host such as ‘supload.com’.

5. Research the current hot sellers on eBay. Even if you aren’t selling your wholesale jewelry on ‘eBay’, researching what are currently the big sellers there can give you the snapshot you need to sell to succeed on any market. ‘eBay pulse’ (http://pulse.ebay.com/) is a fantastic tool that eBay provides sellers to give them a bird’s eye view of what the hot selling items are.

For jewelry sellers, you can find out the hot sellers by drilling down to the Jewelry and Watches category and seeing what comes up. ‘eBay Pulse’ will then give you the top 10 hot sellers. This will give you some impressive ideas on what to sell. And Finally, obtain access to the ‘Asia Wholesale Jewelry Database’.

Implement these 5 tips, and you will be well on your way to succeeding in the wholesale jewelry niche.

Should you require further information on this topic, check out ‘The Ultimate Jewelry Source’, or would like to read other reviews by the same author, make sure you take a look at Jon Kews’ website ‘onlinewholesalesupport.com’.. This article, How to Trade Wholesale Jewelry for Profit is available for free reprint.

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