How to open your own jewelry business

Retailing jewelry is a great business for a young entrepreneur who does not have any significant funds to create an entire store, but naturally endowed with good taste. Your small counter can be sheltered in a large clothing store or in a shopping center, as a matter of fact, and generally in any place with high traffic.

You will need

• - sales area of ​​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.

Instruction manual

1

Rent an area of ​​5-7 square meters, concluding an agreement with the owner of the premises or even becoming a sublease. Try to settle in the immediate vicinity of the points of sale of clothing or jewelry, visitors of which are likely to pay attention to your product. An ideal place is a large shopping center, a department store, and a closed clothing market.

2

Arrange with wholesale suppliers to purchase a large batch of jewelry from collections that the suppliers themselves have 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 a product that is likely to be in demand among your customers.

3

Purchase jewelry trade equipment (vending equipment suppliers 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 certain order. Hand-made products and more expensive luxury jewelry should be distinguished from the bulk of them, if any are presented in your assortment.

4

Find a replacement salesman who will sell jewelry and advise buyers during your involuntary absence. The main requirement for the person with whom you will share your income is good taste, delicacy in communication with customers, honesty towards you. For this kind of work, a seller who has gained experience in an adjacent field, for example, in a jewelry store, may be well suited.

Costume jewelry - women’s business!