Did you know that over 2 million people shop for jewelry online every day? Buying and selling jewelry is big business, and it's also hugely lucrative!
While selling jewelry can be a very profitable, it is also a competitive item to sell online, especially when you are selling on eBay. So to help you get started, check out this expert guide to selling jewelry online.
The online jewelry market is a billion-dollar industry - who wouldn't want their share of that pie?
As a consumer product, jewelry knows no boundaries; it appeals to both men and women of all ages and cultures, so you will never run out of buyers!
Jewelry is also hugely diverse: Sellers can offer rings, necklaces, bracelets, anklets, or belly rings. And each of these can be made from hundreds of different mediums like gold, diamonds, gemstones, shells and beads.
Best of all, jewelry is easy to store (no need to pay rent on a large warehouse) and cheap to ship to buyers.
In order to keep your buyers interested, you need to continue adding to your product range and keep up to date with the latest trends. Fashion jewelry is a fluid industry; always evolving and giving rise to new fads and trends.
Buyers will be on the lookout for these. In order to make sure you have these new hot items in stock, you need to know about the trends even before the most devout fashionistas!
The best way to stay on trend-alert is to regularly check out fashion jewelry blogs such as Jewelry Whore.
I also recommend setting up Google Alerts for the keywords "jewelry trends". Do this, and Google will email you when new articles pop up about your chosen keywords.
If I could offer you just one piece of advice when it comes to selling anything online, it would be to stay the heck away from fake items! Brand-name jewelry items by the likes of Tiffany and Co., Bvlgari and Gucci are all victims of counterfeiters who produce thousands of copies annually.
While there is a hungry market of buyers out there who want to buy cheap fakes, the bottom line is selling fakes or replicas is illegal. If you are caught, you could have your website or eBay account closed down. You could even face prosecution by the brand owner.
You can easily avoid selling fakes by:
Selling jewelry online can get pretty competitive, so it's vital to think of a way to differentiate yourself from the hundreds of other sellers before you get started, and selling fair trade items is a great way to do this.
While many trends come and go, it seems fair trade jewelry is here to stay. Selling fair trade products is something that retailers need to take seriously. Fair trade jewelry refers to jewelry which has been made by artisans who work under safe and humane working conditions and are paid a fair wage for their work. Fair trade jewelry is also made without child labor, and is crafted using environmentally sustainable methods.
Buyers love the socially responsible glow they get from buying fair trade jewelry. Ensure that you accurately describe what it is that makes the items fair trade. Buyers will want to know, and furthermore, they will be more likely to open their wallets when you remind them why fair trade jewelry is so important.
With so much choice, finding hot jewelry niches is easy, but to get you on the fast-track to selling wholesale jewelry, here are 3 smokin' hot niches:
Fashion cocktail rings. Any oversized and with plenty of bling is currently flying off the shelves. Look for suppliers offering these in this season's hottest colors such as aqua and yellow.
Fair trade jewelry. As I mentioned, buyers love this stuff, and you'll love the feeling you get by making money through selling ethical products.
Men's jewelry such as rings, cuff bracelets, and necklaces. Money clips are also popular among the fellers.
Which of the above tips will you implement on your business?
Got a question about sourcing or selling jewelry? Let's hear it!Found this useful? Share your find! :)
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