Whether you’ve found some pretty trinkets in your attic, or you’re a maestro with a pair of pliers and a handful of precious stones, selling jewelry is one of the most lucrative ways of making money online.
It’s no wonder so many people are looking for ways to start their own jewelry store, especially when 46% of consumers are more likely to shop at small businesses than their B2C larger competitors. If you’re looking for a way to tap into this growing industry and source your jewelry, you can buy from Blackhead Jewelry. However, we suggest seeing for yourself and reading reviews about them to hear what past customers are saying about their Blackhead Jewelry experience.
Our guide will show you how to sell your jewelry and how to get started in just 5 easy steps
Identify a Market Opportunity
Before you start any business, it’s important to know there are customers out there keen to buy from you. That’s why you need to do your research before making and selling jewelry.
The last thing you want is to spend endless time and money designing a line of DIY jewelry to sell, just to discover that no-one wants it.
Remember, there are different kinds of jewelry companies that you can consider. Are you interested in selling high-quality fine jewelry? If so, you’ll spend more on your initial materials, but you can also sell for a higher price and maintain a great brand identity. If you prefer costume jewelry, you can manufacture designs for a lower price, but you may need to earn the highest sales.
Define Your Target Audience
Once you identify a market opportunity for your jewelry business, it’s time to get to know your target audience a little better. Identifying demand in your industry and finding the exact audience you should cater to are two processes that go hand-in-hand.
Whether you’re selling jewelry from home that you made yourself or working with a specific manufacturer, you won’t appeal to every customer.
Think about the kind of people most likely to be drawn to the kind of pieces you’ll sell. For instance, if you’re selling high-quality diamond engagement rings, you’re looking for people in relationships with a certain level of income. The more you know about your audience, the easier it is to target them with your ads and brand.
Make a Business Plan
When you’re learning how to start an online jewelry business, it’s easy to overlook things like business plans. We all want to jump straight into selling, but your business plan is crucial for keeping you on the right track. Think of it as a compass to guide you through your company’s growth.
A well-designed business plan for your jewelry-making business will remind you of your company’s purpose and help you decide where to go next. Potential investors and loan providers will also need to see you have a business plan. People investing in your company need to ensure you’re making and selling jewelry successfully.
Find Suppliers and Create Your Jewelry
Now that you’ve laid the proper legal and financial foundations for your business, you can start creating your jewelry with an eye toward selling.
If you haven’t already, you’ll need to purchase wholesale jewelry-making tools and equipment, including proper safety equipment, as well as the necessary materials to create your jewelry. It can be useful to ask other jewelry designers about trustworthy wholesale suppliers; otherwise, put in a little elbow grease and research, research, research. It can also be useful to get a reseller license so you can forgo paying local sales taxes when you buy in bulk.
Sell Your Jewelry
Once you’ve built up a solid inventory, you’ll need to find somewhere to sell it. Most likely, your primary sales channel will be an online store.
You could consider building your store through a service like Shopify, which makes it easy for entrepreneurs to create and manage their e-commerce stores. These services are often loaded with useful features, like custom sales reports and analytics, customer relationship management tools and built-in marketing tools.
Either before or as you sell your goods on a dedicated online store, you can sell your products on e-commerce platforms like Amazon, Etsy or eBay.
