Buying Bead Jewelry
Your jewelry business cannot offer competitive prices or become profitable unless you are able to buy bead jewelry supplies wholesale.
The materials used in your bead jewelry designs can have a great impact on your sales. Handmade jewelry has become a competitive industry and in order to compete with myriad of jewelry designers out there you need a quality product.
A quality product is one that is not only made with fine craftsmanship, but also with good quality materials. If there is a flaw in the materials you used or the materials are out of date, this will reflect greatly on the caliber of your product.
It is also important to keep up with the latest trends of materials available, such as colors, patterns, and textures. People shop looking for products to match the color schemes or something to match an outfit they have recently purchased. If you are unable to keep up with the latest trends then you may find your sales dropping.
To offer competitive prices or become profitable you will need to buy supplies and raw materials at wholesale prices. Obtaining the materials you need when you need them, and at good prices, is vital to your pricing and your profits. You want the lowest prices for the best quality materials. A wholesale supply source can mean the difference between success and failure because it can cut your material costs in half.
Having ample raw materials and supplies on hand also makes your production time more efficient—there is no need to wait until you get out to buy the materials needed for each project.
There are a couple of factors to consider when purchasing materials and supplies in bulk:
- Buying in quantity represents an investment. Can you afford to have your money tied up in materials?
- It can also present storage problems. Will the material deteriorate (lose color, texture, or whatever) after sitting on the shelf for a year or more? Do you have room to store it?
- Wholesale purchases are often made in minimum quantities. Is the minimum still too large for your needs?
If you feel that any of these factors could present a problem then consider contacting other home based jewelry business who might be willing to combine their orders with yours. Some jewelry designers form cooperative buying groups for just this purpose.
To get the best use from buying bulk materials try designing your products where the majority of them use the same material. If you are ordering large quantities of materials that can be used in only one or two designs, you will have a problem if sales in those designs drop. You will be stuck with material that doesn't fit into anything else that you are making. You must also consider the investment in your inventory if you have to purchase different materials for each product you make.
If you only need small quantities of an item, then it is best to buy them retail. Although you will be paying the full retail price for them, you won't be investing all your money in large quantities that you don't need. If you plan to shop at a retail store often, then try to make some sort of deal with them, even if its only a 10% or 15% discount. Explain that you will buy a lot of your supplies from them if they will give you a discount. At the very least show them your retail tax number to save on the retail tax they will charge you.
One of the biggest problems most beginning jewelry entrepreneurs have is finding how and where to buy materials wholesale. With the up-surge in the handmade bead jewelry industry more and more bead suppliers are popping up all over the country.
Before you can establish a wholesale relationship with a company, it is sometimes necessary to find a company that sells the type of beads and findings you are looking for. You might have to do a little research, but there are ways to find what you need at the best prices available.
The easiest way in finding sources of wholesale suppliers is by surfing the web. When you are sourcing beads, findings, stringing materials, wire, tools, clays, or what ever else you need to help with your bead jewelry designs just type the word wholesale after your search keyword.
Visit BeadingSource.com- bead and jewelry supply resource directory.
COMING SOON - LISTING OF WHOLESALE SUPPLIERS!!!
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