Wholesale Jewelry Sourcing – How to Locate the Right Suppliers

Whether you have an existing jewelry business or are looking to establish one, it is important to consider some important criteria before you identify your wholesale jewelry suppliers. Be sure to ask the right questions (we will tell you what they are!). Links to several sources also included.

Let’s get right into the heart of this issue. There are seemingly infinite suppliers of wholesale jewelry as well as anything else you could want to sell. Here are some key questions to ask yourself, before you even identify potential suppliers:

1) Do you want to purchase from a jewelry wholesaler, based in the United States, or purchase directly overseas from a country such as India, Bali or Thailand?
2) How much money do you have to invest?
3) How much risk are you willing to take?
4) Do you care about how the workers that make the jewelry are treated?
5) Do you know what designs sell best in the your market?

Basically, what I am getting at is this: if you have capital to invest, say $5,000 or more, are willing to accept risk and have a good sense of the market, then you should consider contacting a wholesale jewelry manufacturer directly in Thailand, India or Bali. There are very few barriers to entry into this market now, so literally anyone with a credit card can purchase direct from the manufacturer. But if you don’t know what you are doing you could lose your $5000 without any trouble at all. The manufacturers tend to sell you the wholesale jewelry that they want to sell you – big chunky, ornate pieces with lots of faceted, expensive gemstones. Generally, it’s best not to rely solely on their judgement. You also have to consider the expensive shipping costs ($300-$500) and whether you have the means to sell a large volume of jewelry.

So, if you think outsourcing to India is the right move for your business, remember these important points!

a) Verify the business – unfortunately this is mostly a judgement call
b) Make a small order to check quality and service
c) Select products carefully so you don’t get stuck with a lot of lemons
d) Comparison shop to be sure you are getting the best price for the type of jewelry you are looking for (usually you can compare a per gram rate).
e) Give yourself 6 months to identify your source and get the products you want
f) Give your manufacturer VERY specific instructions about every aspect of design, production, quality control and packing. Trust me, you don’t want to make any assumptions.

Feeling overwhelmed? Consider one of the many domestic wholesalers of silver jewelry. Advantages of this:

1) Little risk
2) Smaller minimum order
3) These wholesale jewelry suppliers usually know what styles sell best in the western markets.
4) Better service, English speakers and someone you can call – don’t take for granted the cultural connection

Here are a few reputable wholesale jewelry sources: www.silversource.com, www.wholesalegemshop.com, www.teeda.com, www.plumbislandsilver.com. Or just search for Wholesale Silver Jewelry on google.

Still have questions? I would be happy to assist. You can call Aaron at 401-709-4420. Good sourcing!

Article Source: http://www.getfreereports.com/home

Aaron Rome is the owner of www.wholesalegemshop.com a supplier of wholesale jewelry worldwide. He has been sourcing and wholesaling silver jewelry for 13 years.

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