Hi Beth…
For more information, please visit buy wholesale earrings.
And List…
What about all of them folks that advertise as selling “Wholesale to
the Public…”……
I do Industrial Distribution for the day job…
We’re one of those “middle men” some folks gripe about…
Look…we pay our dues…
My outfit sits at about $1.5 Million in inventory at any given
time…
We will sell to most anyone…don’t really have a show room…
We do have a Will-Call counter…
But if you don’t have a resale license we’ll hit you for the
Governor’s share, aka sales tax… We have to…the tax man does
audits…
If you buy a large quantity, you’ll get a better price…
You cannot buy 10 1/4-20 hex nuts from me…you’ll have to buy
100…
If you buy 100,000 at one shot…I can get you a good deal…!
My customer can order a box of hex nuts, 2 shovels, a case of
Aero-Kroil*, 144 drill bits in 12 sizes, some Snow Melt for his
sidewalks, a couple of files, a Milwaukee Hole Shooter, a Craftsman
15/16 deep socket, a dozen 1/4 wire rope clips and a case of toilet
paper…all on one PO…
One transaction for a whole bunch of what might seem to be unrelated
stuff… Unless that’s what it’s taking to keep your plant running…
This makes makes life a whole lot easier for my customer…
Is my outfit a wholesaler…?
Naaaawww…
I’m a distributor…a middle man…
There’s outfits that wholesale commodities to my company…
It’s a chain of supply thing…
My job is to make it easier for those folks in industry that have
wants and needs…
I’ll muddy the waters even further…
Master Lock is a manufacturer…My outfit a distributor for Master
Lock…
800 Pound Gorilla Customer comes to us for two kinds of padlocks,
have to be non-magnetic…entirely…One kind has to all have the
same key… The other has to have different keys…(keys
non-magnetic also)
When an MRI machine fires up, ferrous items can become
projectiles…
Sourcing, Purchasing, Environmental (aka safety), and End User of
customer all had input**…
Got everybody lined up…initial order…6,000 padlocks to go
World Wide…
Sold them maybe another 8,000 since, between the two types…
Am I wholesaler…or a retailer…? My sale was to the end
user…but to their distribution center in bulk…which sends them
out in much smaller quantities around the World…
What’s the whole point of my rant…?
There’s this big chain of distribution of whatever…applies to
whatever and whichever your looking at…be it MRO supplies, or
the jewelry industry…
If you are looking for more details, kindly visit do men wear bracelets.
The thing for anyone to look at…is where on the chain you want to
or have to be, to get what you want to get done, done…
The folks on the chain (wherever they are) want to sell to you…
It’s what they do…
But there’s rules…
Gary W. Bourbonais
A.J.P. (GIA)
*About once a year, one of the major players in industry MRO (they
take turns) comes out with something that "is as good as"
Aero-Kroil… Folks what use it more or less tell them to shove
it…
Think of WD-40/Tri-Flow/CRC on steroids…
Except this stuff has been around as long as, if not before
WD-40…
**The research lab tried to make the padlocks go magnetic…and
they were nothing ferrous, except maybe the lock pins…? The
environmental guy clued me into this… I have no idea what they did
to them poor padlocks…
As far as we are in state of technology, they could not get said
padlocks to act magnetic…
Yeah, I know, by it’s very nature, etc., it can’t happen…
But them engineers really tried…
Jewelry is popular among many retailers, as it’s inexpensive to stock and works as a gift and personal accessory. Wholesale jewelry dealers offer some amazing deals, letting you keep up with and cash in on demand for the latest trends. However, if you’re not careful, you could choose the wrong wholesaler, or you could purchase the wrong amount for your needs. Check out this guide for some helpful tips on navigating this complex market.
Looking for a wholesale jewelry supplier for your store?
M&M Merchandisers can help you keep up with the latest trends.
You're likely keenly aware that lowering your overhead on inventory acquisition and operations gives you more room to turn a profit. That means if you can stock your store for less, your business will make more money. This is made possible by wholesalers, who sell product in bulk to businesses for less than they would pay at retail. Wholesalers can then pass on these savings to you, allowing you to stock more of a certain product or a greater variety.
With jewelry being a prime market to turn over product, there’s also a great opportunity to buy it wholesale. Here are some tips for doing this successfully as a small business:
Imagine this: A couple of your new bracelets are a hit, and you have customers banging down your door. You stand to turn a big profit on this jewelry, so you decide to order more before your current stock runs out completely. Then your supplier puts you on back order for weeks, well after the trend has blown over. They let you down and cost your business money.
On the other side of the spectrum, you might find a brand-new product that you're certain will sell. You make an order, but when it arrives, it’s apparent that it came from low-quality manufacturers. The quality issues are so apparent that your customers have no interest. Your supplier let you down and cost your business money.
You must be able to vet and trust your wholesale supplier. It's crucial to turning a profit when purchasing goods wholesale.
It's not likely to happen with a supplier you've been working with for some time, but this is still important to mention: Just because the supplier is reputable doesn't mean the products are without scrutiny. Sometimes when suppliers change manufacturers a shipment turns out to be fakes.
This is why you should check product descriptions, which should include size, weight, material, and country of origin. Get familiar with your supplier's manufacturer vetting process and, when possible, vet the manufacturers yourself with the Better Business Bureau.
Let's say you found a supplier, and they seem above-board. Don't put a huge order with them on your first try. Place one or a few smaller orders so that you can see and test the quality of their products yourself. Once you're satisfied, you can begin putting in larger orders.
With the keystone pricing model, the retail price is double the wholesale price, meaning the markup is 100%. Keep in mind that it costs retailers more money to sell products when factoring in customer acquisition and operations cost.
On the other hand, you'll also want to be sure that you're pricing products to sell competitively. In the age of Amazon and other online stores, sometimes brick and mortars price themselves out of the market with a 100% markup. It's a delicate balance that you'll have to overcome.
You may also abide by the MSRP (Manufacturer's Suggested Retail Price). Doing so helps you stay competitive, presumably, as other customers buying the product are also looking at that MSRP.
The last thing you want to do is put in a large order of jewelry that doesn’t sell because the lot was outdated and not in fashion. While it's in the wholesale jewelry supplier's best interest to stock trendy items, it's also up to you to keep up with those trends and make sound merchandising decisions.
Once you have the stock from your wholesale supplier, it's your responsibility to sell it. That means getting creative with your deals and promotions. Buying psychology dictates that many shoppers love sales, even to the point that they'll be willing to spend more money when they perceive they're getting a deal. This means markdowns, buy-one/get-one promotions, and other deals can help the product fly off the shelves.
The larger lots that you purchase wholesale, the more of a wholesale discount that you get. That means that retailers who can purchase larger quantities have a potential for much higher profit margins. Once you enter into wholesale purchasing, you'll need to consider how much of the product you can turnover and balance that with how much you order. You'll always run the risk of ordering too much, but ordering smaller quantities will cost more per item.
Peak seasons mean you have the potential of turning over more inventory, so be sure to plan ahead for that and have plenty of stock. For jewelry, the peak seasons include Valentine's Day and the other gift-giving holidays.
By partnering with a reputable wholesale supplier, keeping up on merchandising best practices, and continuing to grow your store, you'll turn a profit in the jewelry portion of your business in no time. Start that process today by looking into M&M as a wholesale jewelry supplier.
If you want to learn more, please visit our website 3d earrings.