The process of purchasing jewelry in bulk isn’t like buying clothing or other items, to be honest. The jewelry retailer must take a myriad of things in mind when making a purchase. This becomes more difficult when it comes to buying wholesale jewelry on the Internet.
In this blog, we’ll be discussing some important aspects that were suggested by our team of researchers to be taken into consideration when choosing your jewelry online supplier.
The process of selecting the right online wholesale jewelry retailer can be a difficult job, especially when you’re new to the industry. To help us, we’ve created an inventory, and you can boost the level of security by increasing the amount of checks on the checklist.
Let’s explore all that we can learn:
1. Determine The Procurement Process
The primary factor to think about prior to purchasing bulk jewelry is whether to purchase or import directly from a local maker and supplier. A local supplier is sure to save shipping costs and other associated expenses. But, at the exact same time, you don’t wish to sacrifice the quality jewelry you offer. In the same way, you don’t need to shell out a large sum for something that could be bought at half cost. Think about the kind of jewelry that you’re working with and locate the best supplier for that.
2. Certification Is Vital
Once you’ve decided if you’d prefer to purchase or import from an independent jeweler, the third aspect to be considered is the wholesale supplier’s certification. It is important to know what authority has certified the jewelry he’s offering, as well as what quality checks has it passed. In the USA one of the more trusted authorities is the ‘Jewelers of America.’ There is no need to be concerned about the quality and authenticity of the gemstones and metals used to create the pieces if a jeweler holds the certificate.
3. Reviews are trustworthy
Have you ever relied on the advice of a previous user prior to buying your first automobile? A similar is true for wholesale jewelry too. Make sure you read through the comments and reviews section prior to placing your order. It will provide you with the experience of the first customer who purchased the jewelry item and also the service that the vendor you’re considering. If you can’t get positive reviews, then you should think about it.
4. Comparison Is Never Dangerous
If you’re still thinking about the source for purchasing wholesale jewelry to resell take advantage of the many choices for the major market players. Jot in the name of various wholesalers, and then conduct a comparison analysis. This will assist you in identifying the most effective choices available on the market however, you may find new fashions that were previously by unnoticed. Additionally, it can create an archive of potential jewelry wholesalers to use as future references.
5. Minimum Amount Ordered
You are aware of the size in which you are operating and what your needs are. If, for instance, you are a newbie to the industry and are just starting out, you don’t want to purchase large amounts of inventory, because you’re not sure of the reaction you’ll get. If you’re an experienced reseller, you would not want to run out of supplies. Therefore, ensure that the wholesale jewelry items are in line with your requirements and can meet them when needed.
6. Stock Availability
You don’t want your clients to be waiting for something they’ve wanted for many years. This is why you need to be sure that you have stock from your wholesale jewelry retailer. This is essential because for your customers you are the face of the company, and if anything goes wrong, you are the one to be held accountable. In addition, it could impact your current client base too. Make sure that the supplier you use is stocked with stocks and is aware of the time of turnaround so that you know what time to place an order.
7. No middlemen equals lower costs
You shouldn’t overlook any opportunity to lower the price that your precious jewelry. Cutting down on the chain of supply, i.e. cutting out middlemen, will accomplish exactly the same. Lower prices will lead to an increased market, and therefore more opportunities. It can also increase the margins you earn. So, it is important to think about the intermediaries with your wholesale jewelry provider. This benefit is available from them since they are the producers and suppliers. Thus there is no involvement by the middleman.
8. Ideal Shipping Price
This is especially important if importing wholesale jewelry from abroad. The shipping fees you are paying the supplier (apart from the price of the jewelry) will directly correlate with the amount your clients will pay for the piece of jewelry. Thus, you must know your market and ensure that the range of your jewelry’s prices is within the range that you have set. This includes the shipping costs and other charges.
9. Method of Payment
Once you’ve finished your wholesale supplier of gemstones, it’s time to place your order and pay. However, prior to making the payment make sure you are confident in the method of payment used from your vendor. It is obvious that you want a simple and secure payment procedure. Consider the following points:
- The payment methods your supplier offers
- How do they work?
- What do you think of these?
10. Return Guidelines
Even after doing a good amount of research, it could happen that after you have received your purchase you aren’t completely pleased. There are always uncertainties. These can arise due to a variety of causes. A few of them are:
- The color may change in the gemstone
- Defects in jewelry
- The size and fitting of the jewelry in the case of rings
It could be difficult for you to market these pieces of jewelry. This is the reason you must be sure to read your supplier’s return policy prior to placing the order so that you don’t have any problems later on. After reading this post We hope you don’t have to worry about the most trustworthy supplier of wholesale jewelry. It will help you make the next time you make a bulk purchase.