Buying jewelry in bulk for your store is an excellent way to fill your shelves quickly while enjoying a discount on each piece. Here are a few things you should consider before purchasing any wholesale jewelry for your store:
Can it Be Customized?
It's important to consider whether or not any wholesale jewelry you buy can be customized to conform to your particular store's brand. Are you able to easily apply store stickers to the clasps of the jewelry? Is the jewelry expandable so you can add logo-inscribed jewels or beads to them somehow? Can the stones or other embellishments on the jewelry be dyed to match your brand's colors? The answers to these questions will help you determine whether or not a potential bulk jewelry purchase is going to meet your company's specific needs in the long run.
Is Ongoing Access Available?
If you score some jewelry that sells well in your store, you'll likely want to have access to it regularly throughout the year. So it's a good idea to make sure that any bulk jewelry you consider buying will be available in the future if it performs well on your shelves. Make sure that any purchases you make aren't limited editions or almost sold out, or you may find yourself with jewelry requests from customers that you can't fill in the long run.
What about Returns?
Before making a bulk jewelry purchase, make sure you fully understand the return policies, so you aren't faced with any financial surprises. Find out whether or not you can return single units that are returned by your customers or found to be defective. Gain insight into how long you have to return your purchases and how long you can expect it to take before you get a refund. The more you know about your return options, the easier it will be to put store policies into place that protect both you and your customers every time a purchase or return is made.
Are Loans Available?
You may also want to find out whether or not loans on bulk jewelry are available through the companies you consider buying from before you create a purchasing account. Getting a loan directly from the jewelry company should save you time and maybe even interest expenses over applying for a loan through your bank. If the jewelry you buy sells really well, and you'd like to stock your shelves for a summer rush without emptying your bank account, an upfront loan for your jewelry can come in handy. You'll find that a loan can be helpful if you'd like to expand your store or feature items at festivals and fairs throughout your community.
These considerations should help you make the best investment choices for your store that result in optimal profits and happy customers as the years pass. Click here to learn more about jewelry wholesale in your area.