Tips on How to Sell Wholesale Jewelry and Maximize Your Income
Selling jewelry is a very popular activity in online selling sites such as eBay. Aside from the fact that jewelry is very popular among buyers, this commodity is relatively easy to sell. Jewelry items are very small, so even if you have so many of them, you do not need to rent a storage space for them, a couple of small boxes are enough. Moreover, jewelry is very lightweight, so when you ship it, the shipping costs do not eat much of your profit. Hence, selling jewelry is a very economical choice for eBay sellers.
If you are just starting out on eBay, or if you are looking for a new niche to expand into, give jewelry a go. To inform you of the know-hows and help you get started in the jewelry niche on eBay, here are 5 essential tips:
Find a Reliable Supplier
Before selling anything on eBay, you must have the items first so you must look for a reliable person or company who can supply your needs. Wholesalers are a great option because most of them give discounts depending on how many items you want to purchase. The most important quality to look for is trustworthiness. Your name and your business are at stake here. A bad supplier can give you substandard items or can just run away with your money and all these equate to a loss in your business. If you are looking for a supplier, make sure that they meet the following requirements:
1. They are offering safe payment options such as PayPal or credit card payments. This way, you can do a charge back if something goes wrong.
2. They are a member of a directory such as SaleHoo.com who verifies the background of all their suppliers.
3. They have been in business for more than two years and they have received good feedbacks. (You can check this by going to http://www.domaintools.com then enter their URL to see their company information.)
Order a Sample Jewelry First
Before closing the deal with a new supplier, order a sample jewelry from them first to assess the quality of their supplies before placing a large order. Carefully assess the texture, strength, components, and patterns of the jewelry. Wear them to see if they tarnish or break easily. When selling jewelry, you really need a keen eye for details because you will not make a good sale if your items are substandard.
Avoid Fake Goods
Fake goods can be cheaper than the original ones but they are priced that way because they are substandard. If a supplier offers
‘original’ items at a very low price, start doubting because there are high chances that the items they are selling are fake ones. Even though they are at a wholesale rate, there is no such thing as a $100 Rolex watch or a $50 pair of Tiffany earrings unless, of course, they are fake.
Aside from wasting money and damaging your credibility as a seller, selling fake jewelry or other items have serious penalties and auction sites like eBay are dedicated to keep their sites free of fake items.
Post Multiple Photos
Once you have found a credible and trustworthy supplier, you can start selling jewelry by posting multiple photos of your items. It is only through photos that your buyers can examine the jewelry and if they think that you do not have enough photos in your listing, chances are, they will just look for other listings with multiple photos. Posting more than one (1) photo require extra fees on eBay but it has been proven that listings with more than three (3) photos sell better compared to those who only have one (1). If you are concerned about paying extra eBay fees, you can use a free image host such as supload.com.
Research, Research, and Research
You should research about the current hot sellers on eBay even if your jewelry and other businesses are doing well. Do a research on the popular items in your niche and in other niches as well. It is always great if you have something new to offer your buyers.
When you are selling jewelry or other items and you want to find out what items are currently popular on eBay, you can use the tool eBay Pulse ==>http://pulse.ebay.com. It gives you the top 10 best sellers in, for example, the Jewelry and Watches category.
Here are some other Wholesale Sourcing sites that I have found for you to browse. Thanks for visiting Sourcing-3.com.
Selling jewelry on eBay
Selling jewelry on eBay