Introduction
Working in wholesale fashion jewelry business for almost a decade, I have mastered the best techniques of doing business.
For someone who is just starting out as a jewelry wholesaler, taking the first step can be quite daunting.
There are many things that deserve your attention, from instituting the right company policies to meeting retail needs.
If you are fretting about how to establish a business offering an alluring range of gemstones universe wholesale fashion jewelry items, then there are some pointers that you must bear in your mind before taking the big initiative:
List Of Points Retailers Looking From Wholesale Fashion Jewelry Business
It is essential to establish ideal company policies regarding the return of goods. If your goods are begin to be or resellers are not able to clear the stock, you are require to include policies.
There must be an assurance on your part that the defective or damage goods will be deal with appropriately.
Given that jewelry may come under a handle-with-care item, damage is bound to happen. This can be either a defect in transit or a manufacturing defect. These small details can make a huge impact on your customer relationship.
2. Policies relating to product delivery
One of the biggest advantages of an online wholesale fashion portal is timely order delivery through quick mode.
When you are setting up a wholesale fashion jewelry site, you need to launch a delivery mode that is not only effective but also suitable as per the requirements of your customers.
With the advent of technology, various distribution channels and modes have been establish.
3. Freight On Board
In this method, the buyer is liable to pay for the transportation of the bulk of the fashion jewelry. Here, the buyer is solely responsible for the quality of the goods bought in bulk.
a. Freight On Board Destination
In this mode of delivery, the shipping cost is borne by the jewelry wholesalers. They are confine accountable until the goods reach the retailers from the wholesalers.
b. Freight On Board Shipping
Here, the retailer bears the cost of shipping the customer. The burden of quality of the goods shifts from the wholesaler to the buyer’s shoulders.
4. Cost
Laying down an appropriate pricing policy is important. Usually, wholesale fashion jewelry prices are define below the retail values. So, care must be taken to cover the labor and manufacturing overheads and profit margin in your wholesale fashion jewelry prices.
Besides prices, a wholesaler also has the privilege to define a minimum order requirement which can either be on the basis of number of items purchasing or total billing amount.
To protect your profit margins, a wholesaler may also define a retail suggestion price. This shall also provide a common playing field for all retail customers.
