If you are in the jewelry retail market, then you must buying jewelry by the bulk is a necessary step of starting your jewelry business. However, do you know how to improve the efficiency of sourcing jewelry by the bulk to the greatest extent?
There is a huge opportunity to earn money by selling jewelry online. The rapid development of e-commerce has changed the consumer shopping habits and brought huge profitable opportunities for many industries. The online jewelry industry, however, is expected to reach $58.9 billion by 2027.
If you want to know how to be profitable against the competitive environment, you should not miss this blog. Follow us, let’s start.
Why Jewelry is good for startup business?
When you step into the online market, then jewelry resale can be an excellent option for you. So, compared with other niche markets, why jewelry resale?
- Small size
Jewelry has the feature of small and delicate. This is especially advantageous when you source jewelry by the bulk. The jewelry you buy can be much lighter than other goods like clothes, furniture etc. Meanwhile, it has a high value, and is very convenient for transportation. That is ti say, the freight, can be much cheaper, and is only a small part of the total value of your products.
- Huge consumer base
Jewelry market has a long history. As we all know, jewelry has become an indispensable part of human like. Most women consider jewelry as their best friend, especially for young generations, they are very likely to have impulsive consumption for jewelry pieces. Therefore, as long as you can source the fashionable fine jewelry by the bulk, it is easier for you to attract a large amount of potential customers.
- Seasons of sale
Many important holidays, such as Christmas, Valentine’s Day, Halloween, etc., are good opportunities to boost jewelry sales. Therefore, for jewelry sales, there are lots of peak seasons for high jewelry sales. In addition, jewelry can be purchased in all seasons. Many people buy jewelry not only for ordinary wear, but also for parties, weddings, meetings etc.
- Easy to develop own brand
A successful brand should be built by a clear brand identification strategy and engage in being consistent with its image in the consumers’ hearts. Since jewelry comes in a variety of styles, prices, materials, it is easier to form your own brand image and style.
How to buy jewelry by the bulk at the lowest cost?
If you want to do a wonderful job in fashion jewelry business for a long time and have a good profit margin, you have to develop novel designs and build your own brand. Wholesaling and customizing jewelry by the bulk from Chinese factories can bring you great benefits. However, why it is much beneficial to buy jewelry by the bulk from Chinese wholesale jewelry suppliers instead of other places?
China accounts for 1/5 of the global manufacturing, which is the largest manufacturing country on the earth. In the last decade, the jewelry import volume has surged at a high speed from China, the wholesale jewelry industry has stepped into a rapid developing stage.
There are two aspects for the booming of wholesale jewelry industry of China:
Over 30 years of reform and opening up, the jewelry industry has developed rapidly, and accumulated experience in scientific research, production and management.
Due to the economic depression in recent years, the cost of jewelry production has risen, and the production of jewelry has shifted to Southeast Asia.
Therefore, there are 3 huge advantage of buying jewelry by the bulk in China:
- Large population, rich labor resources, broad market.
- Low production cost.
- High efficiency and craftsmanship.
Understand main materials before buying jewelry by the bulk
Jewelry has a complicated and large category of materials, and they can affect your purchase costs directly.
- Category 1: high costs
Platinum, gold, silver, pearl, crystal, other gemstones etc.
- Category 2: middle costs
Zinc, copper alloy, 925 silver, 14k/18k gold, gold plating etc.
- Category 3: low costs
Acrylic, resin, stainless steel, glass etc.
Among those categories, the second, and third one is recommended.
- First of all, such materials have a strong premium capacity, and can be wholesaled and manufactured from China with low MOQ.
- Second, most people prefer cheap fine jewelry, and mainly purchase jewelry for daily wear instead of investment, therefore, the prices of such jewelry can be more budget-friendly for most customers.
- Third, for jewelry sellers, it is important to keep costs as lowest as possible, otherwise, it is difficult to compete with other peers on price.
Can jewelry also be sold by the kilogram?
As we have just mentioned before, the costs are very crucial for every jewelry seller.
If you are a jewelry start-up, you may consider to find a good wholesale jewelry supplier to buy jewelry by the bulk, which is a common way of reducing the costs. However, you might encounter some suppliers who can offer great discounts to you at very low prices, but the quality can not be guaranteed. It would be time-consuming if you find the jewelry you bought is out-of-fashion or has poor quality. Or sometimes, you will find some jewelry pieces are not in the right sizes.
Therefore, to best improve the efficiency of your jewelry selection, buying jewelry by the kilo is a perfect choice.
Buying jewelry by the kilo is a cheaper purchasing model even than the regular wholesale prices. The jewelry is randomly placed in the package, and the price is calculated according to the weight, which is a highly cost-effective procurement model.
For example, Jewelrykg is a professional jewelry supplier who using such cost-effective way of selling jewelry by the kilo. All the fine jewelry pieces are sold by kilo on their website, and you can have a wonderful shopping experience by buying jewelry by the kilo from them.
Here are some key advantages you can get:
- Rich product line, diversified product styles per kilogram, and suitable for self-use or wholesale sales.
- Independent packages, no rust, no oxidation.
- Top quality, all the jewelry pieces have integrity, no rust, no oxidation.
- Complete after-sales system.
- Free selection. Styles are sent randomly and full of surprises.
It’s your turn now!
If you like this guide, don’t forget to subscribe to us. We will be super happy if you can make comments below. Your voices and opinions are our best motivation. In addition, we welcome any partnerships! You will benefit a lot by cooperating with us. For more great deals, please visit our website: Jewelrykg.com to start your new jewelry adventure!
Explore more beautiful wholesale jewelry pieces? Go here to find more!