How To Open Your Own Jewelry Business

Table of contents:

How To Open Your Own Jewelry Business
How To Open Your Own Jewelry Business
Anonim

Jewelry retailing is a great business for a young entrepreneur who does not have any significant funds to create an entire store, but is naturally endowed with good taste. Your small counter can take refuge in a large clothing store or in a shopping center, as well as in any place with high traffic.

How to open your own jewelry business
How to open your own jewelry business

It is necessary

  • - sales area 5-7 square meters;
  • - a typical counter for the sale of jewelry;
  • - business relations with several wholesale suppliers;
  • - a partner who will replace you at the counter several times a week.

Instructions

Step 1

Rent an area of 5-7 square meters by concluding an agreement with the owner of the premises or even becoming a sub-tenant. Try to settle in close proximity to clothing or jewelry retailers, where visitors are likely to notice your product as well. An ideal place is a large shopping center, a department store, an indoor clothing market.

Step 2

Agree with wholesale suppliers to purchase a large batch of jewelry from collections that the suppliers themselves have already ceased to consider new and are ready to sell at significant discounts. Try to evaluate the liquidity of products from these collections from catalogs, guided by your taste, and select such a product that will most likely be in demand among your customers.

Step 3

Purchase equipment for the jewelry trade (suppliers of commercial equipment usually have several solutions for this type of product). Equip the outlet with maximum comfort for yourself and maximum convenience for customers - jewelry should be well lit and placed in a specific order. Hand-made products and more expensive luxury jewelry should be distinguished from the bulk of the bulk, if such is presented in your assortment.

Step 4

Find a replacement retailer who will sell jewelry and advise buyers during your forced absence. The main requirement for the person with whom you will share your income is good taste, delicacy in dealing with customers, honesty towards you. A salesperson with experience in a related field, such as a jewelry store, may be well suited for this type of job.

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