Are you going to have a point person to check in with? This is how you’re going to maintain control of the process and make sure you can go to someone for late deliveries, product problems, etc. If you specialize in creating bespoke pieces, then make it obvious where the customer needs to click to get a quote.
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Or, you can try to sell it retail via classifieds or an online auction site like Ebay. One thing to keep in mind is that aquamarine is very commonly confused with Blue Topaz which has a very different value. If you do plan on selling it via an online auction site, you may want to have it appraised first by a professional gemologist to verify the type of stone in the ring. A jewelry type appraisal done on a 1985 Toyota Camry would list its value at the cost of a brand new Toyota Camry. Of course, that doesn’t mean the 1985 Camry is actually worth that much if you were to sell it.
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Since procedures vary from location to location, it’s best to start by contacting your city’s Chamber of Commerce or Small Business Development Center. They can help guide you through the steps to legally register your business. A business plan is a comprehensive document that outlines what your business is and where it is going.
The Don of one of these families made a special request to have this ring made for one of his daughter’s 15th birthday, and the blacksmith made it from locally mined silver. This was all certified to me by documentation which the museum kept on file (but which I don’t have). They had several other items from this estate as well. Generally, the condition, quality, and age of the jewelry are more important than the appraised value.
Most importantly, go in ready with your price points and know whether you want to sell wholesale or on consignment. Turnaround time and quality is dependent on the repairs provider, and may not always be to the satisfaction of the business. “Can you send me a wholesale jewelry repair price list? ” or “What is the mark up with wholesale pricing? ” are some of the common questions we get from jewelry and watch businesses who are looking to use a reliable vendor for their repairs.
Jewelry repair in many instances is counter-intuitive. I have seen jewelry that has been mangled in such a way that the cost of restoration is minor and easily justified. On the other hand what appeared to be an insignificant problem rendered the jewelry unrestorable. Jewelry repair is one area you don’t want to be a “do it yourselfer”. Let the professionals do it, or it could end up costing you a ton of money. How do you produce enough of your jewelry pieces to sell in wholesale? How do you create hundreds of copies of the brilliantly designed pendant that you anticipate mass appeal from?
If you gate the pricing, it shows a “SIGN UP TO VIEW PRICING” button with your store products. Since B2BWoo is specially made for wholesale selling, it takes care of all the nuances of wholesaling like custom pricing, MOQs, MOVs, custom payment methods, etc. Usually, when you sell wholesale to retailers, you have a PDF sheet called a ‘line sheet’ with your SKUs listed along with their pictures and some description. Jewelry brands use this line sheet when pitching to retailers. When it comes to formulating a content marketing strategy to promote your jewelry, you’ll have to keep it consistent. This means sharing posts on social media every day. Never fear, you don’t have to do this manually, you can easily spend an afternoon scheduling content using software like Buffer.
So the 3 gr, 14K item contains about $1.49 worth of gold, when gold sells at $400 per troy ounce. Therefore, we’ve determined the jeweler’s markup — at $5 for the item — comes to $3.51, about 2.35 times the gold value. So, the 3 dwt, 14K item contains $36 worth of gold, when gold sells at $400 per troy ounce. Therefore, we’ve determined the jeweler’s markup for the alloys to be $54, since the item is being sold for $90. The $54 markup is 1.5 times the value of the gold. To get the pure gold price for the item, multiply 3 dwt, the weight of the item, times $20.
Read more about wholesale sterling silver necklaces here.