How to start profitable fashion jewelry resell business at home

Like any other business, fashion jewelry resells business at home demands sequential steps and strategies for turning out to be a lucrative benefit for you. Last year, more than 29 million people bought online fashion jewelry daily. So, it is evident that selling and buying jewelry online is a huge business in the contemporary business market and can prove itself to be among the most lucrative industries. These stats also indicate that the competition in this field is also considerable. Proceeding with proper business strategies and the right decisions is all that it takes for you to stand out from your competitors in the market. Considering the current lock-down situation of COVID-19, starting a profitable fashion jewelry resell business becomes more crucial to lots of people especially for work-at-home moms or someone who has to stay at home at this terrible time period. We understand how hard for people to make a living during this difficult time, so we hereby present this article to share useful tips to facilitate you run a profitable jewelry business at home.

We will provide you a step by step expert guideline as below to make the best out of your newly begun fashion jewelry resell business at home.

1. Selecting the right niche

Going for the most suitable niche is the initial most step towards online fashion jewelry selling. This consideration remains equally important whether you are selling used items of jewelry or launching an online fashion jewelry business. Have a look at the jewelry items you are offering and ask the following questions to yourself:

 Where will that buyer shop?

 Which customers are most likely to purchase it?

 How can I better connect with my concerned audience?

It is mandatory to understand not just what you are going to sell but also to whom you are selling. As you may find there are various of types of wholesale fashion jewelry to resell nowadays, such as bohemian fashion, Korean fashion, or street hip-hop style, etc. To maximum your deals and better serve your customers, you will want to find what are your targeted customers' preferences, and then choose the best-selling jewelry styles and items to initiate the business.

2. Deciding Where to Sell your Products Online

The internet is a huge place, and we are aware of how overwhelming it can feel getting to know where to start. So, we provide you with a quick guideline about the possible online platforms where you can sell online fashion jewelry. You can select the one which better suits your interest and requirement.

 Online marketplaces: For instance, Amazon, eBay, and Etsy

 Social media: For instance, Instagram and Facebook

 Your personalized online store: Built using a platform, for instance, Square Online , Shopify

The suitable selling platform for your online fashion jewelry resale business depends entirely on your requisitions, your audience, and your aims. You are advised to start pondering over these three platforms' pros and cons according to your requirements, vision, and goals.

3. Finding Reliable Wholesale Jewelry Supplier to Support Your Business

It is an significant task to find qualified jewelry supplier that you can count on for jewelry resale business because you will need to rely on the jewelry supplier to buy wholesale jewelry stock for resale. Usually, you will need to locate some good ones online using Google first and then sift a list to rank them. You probably will see major jewelry wholesale suppliers such as: Faire, JewelryBund, Alibaba, Pinktownusa, Zenzilwholesale, etc. You will want to pinpoint 2-3 jewelry wholesalers in the end, then you will need to contact these jewelry suppliers to see if they are the ones you visionlized. Do make sure to ask for details about quality, wholesale prices, shipping, etc. You also can test their customer service ability in this process.

If possible, arrange an online meeting with the preferred jewelry supplier, so that you can have a face-to-face discussion with the supplier, and ask for all relevent questions you may have in your mind. You can also ask the supplier to showcase their factories or workshops during the meeting so as to make sure you are dealing with the real factory or company instead of potential online frauds.

4. Setting Up Your Customized Store

Once you have decided which platform you will sell your fashion jewelry online, you should set up your store and get your items in front of your audience. Setting up an online store is the step that should be executed with utmost consideration and professionalism for making most of the business you are going to begin. If you are running the store on marketplaces, then it will save you lots of efforts and time, you just need to edit your store profile and other required business information. For social media platform, you will setup your store business page as well which should be not that difficult. However, if you are building up your own jewelry store online, you may want to hire someone to help with the coding and all aspects of setups and settings, so that your online store can run well afterwards.

5. Showcasing Your Jewelry Items

Now you can begin with having some real fun. Jewelry is all about looking stylish- in a brick and mortar shop, so much focus goes into illumination and arrangement of every piece.

Selling jewelry online is also the same, except that the buyers can not reach out to you in person to examine your products. Instead, it is your responsibility to make them lustrous in different ways. You can showcase your products with the help of the following tips:

 Personalize your online store

 Write down a catchy description.

 Use high quality and attractive images.

6. Pricing the Products and Setting Up Your Payments

An important step towards getting buyers to purchase your jewelry items is pricing them correctly. If you are selling jewelry pieces manufactured of expensive stones, the products' price should justify that. Likewise, if you offer hand made pieces of jewelry, the price mentioned should explain your skill, labor, and time invested.

It is usually not easy to know whether the price you are mentioning is reasonable or not. If the price is too high, customers will not be willing to buy the products, and if the price is cheap, you will not be able to earn a considerable profit.

For payment settings, it is advisable to use some major online payment providers' services such as Paypal, Stripe, Square, Amazon Pay, Apple Paypay, etc.

7. Setting up shipping:

Shipping is one of the most significant steps associated with every online business, including jewelry. Many ways can assist you in handling your shipping prices. These will be dependent on the builders you select and mostly which plan you are having, but here is a quick guide about the main types of shipping available:

Same shipping rates: Charge the same amount of money it costs for shipping the product via regular postage or some courier company.

Flat price shipping: Charge a fixed cost on certain orders and products. For instance, it will cost $4 to ship the orders at any place in the United States.

Free shipping: This is the shipping option that attracts buyers the most, and it is extremely beneficial for the newly established businesses which are finding their place in the hearts of customers. If not convenient for all of the products you are selling, you can limit the offer of free shipping to only a certain number of products or for the buyers who purchase jewelry worth a certain amount.

Weight-based and price-based shipping: The meaning is obvious from the name. Through regular postage services, you can charge the shipping that depends on the weight or price of the products consumers have purchased.

Calculated Shipping prices: Provide your buyers with the lowest prices by collaborating on various real-time shipping quotes by different couriers, for instance, Canada Post, USPS, and FedEx.

8. Promoting Your Jewelry Products Online

Unfortunately, there is no magical signal to let buyers know when the best selling website has just been launched. To reach out to the massive buyer community, you need to include the following necessities in your fashion jewelry online selling business.

 Search Engine Optimization

 Email marketing

 Customer reviews

 Social media

 Multichannel selling

9. Managing your stock

Once your business has developed and earned the trust of customers, this stage is where you need a qualified eCommerce website developer for some necessary innovations. Inventory tracking is where you organize your orders and track the stock levels. It is essential to avoid the sale of the same jewelry product twice or missing buyer orders at all.

Sometimes, when you are just beginning out, it is a recommended approach to go through the journey of successful business giants to draw some inspiration.

If you are passionate about starting fashion jewelry reselling business from home, now is the right time to begin. Go and establish a kick-ass online fashion jewelry store to get the most of this one of the most talked-about businesses of today!