Jewelry is a diverse industry, which means that there are plenty of opportunities to find something that interests you. Whether you’re interested in creating one-of-a-kind pieces or selling more affordable pieces, you can always make a living doing it!
There are plenty of resources online to help you get started with your jewelry trade. For example, a resource like SaleHoo has over 8000 verified suppliers that are ready to work with you. It also has pre-written email scripts that streamline the process of communicating with these suppliers.
Finding a Product Niche
The first step to selling jewelry is to determine what type of jewelry you’d like to make. This will help you narrow down your search and make a more informed decision about where to start.
Another important consideration is how you will market your products. This can include setting up displays at craft fairs and vendor shows, cold calling local retailers, or even building a website to sell your jewelry online.
You can also use social media to promote your brand and reach new customers. A popular way to do this is to join Facebook groups and Instagram communities related to your niche.
Identifying the Right Wholesale Suppliers
When sourcing your jewelry making supplies, Gillian recommends starting with word of mouth referrals and then searching online for more sources. She says that it can be hard to find the best price on these items, but it can be worth the time.
Once you have a list of suppliers, you should contact them and ask them about their current wholesale prices. This will help you determine what kind of pricing you should set for your products.
If you want to offer your products for sale in a physical store, consider renting space or finding a co-op studio where you can share equipment and costs with other artists. This can be a great way to gain credibility in your local community and build your business while you’re still in the early stages of development.
Having a business is all about making money, and you should make sure that your sales are as profitable as possible. You can do this by setting a high base price for your items, keeping in mind the cost of materials and packaging.
This will help you avoid losing out on sales and keep your inventory at a manageable level. You may also be able to negotiate a better price for your jewelry by offering a variety of payment methods, including credit cards, PayPal, and Afterpay.
Before you begin selling your jewelry, you should also decide if you want to sell it online or offline. This will depend on your target audience and the amount of inventory you need to carry.
Once you’ve decided on your business plan, it’s time to do some research and develop a marketing strategy. This can include researching online reviews to see what people are saying about your business and contacting local businesses to get their opinion on your jewelry.