Did you know that according to Statista, the jewelry industry will generate $57,965,000 in revenue in 2021? The market is also expected to grow by 1.57% per year (CAGR 2021-2025). You see, even during the pandemic, consumers are still considering buying non-essential items like jewelry. These stats are reason enough to suggest that jewelry is a great niche to fall into.
So, if you are considering starting an online business, consider opening a fashion jewelry store. Here are more reasons why selling jewelry is beneficial for aspiring online sellers:
Jewelry is small
Since the decorations are small, they are very easy to pack and ship. You will only need small jewelry boxes, organza pouches, and small bubble wrap envelopes, so the capital on the package is not too high. There is also a small chance that the part will break or be damaged during shipping.
Finding jewelry suppliers is easy.
There are many wholesale jewelry suppliers that you can find online. Choosing the right provider is easy because you can compare each just by visiting their websites. There is no need to leave the house and go to a huge warehouse or pantry. Finding a supplier is as easy as buying jewelry for yourself.
Jewelry is a diverse product.
A wide variety of jewelry allows you to offer a wide range of options to your customers. You can sell items in a variety of metals, gemstones, styles, and jewelry types. Although it is recommended to start with a jewelry category, say fashion rings, you can offer this jewelry in a variety of colors and styles.
jewelry customization.
You can provide jewelry customization options, such as name engraving, custom stone colors, and others where you give the buyer the freedom to choose a style. These special features will allow you to earn more money because they will be considered as additional services.
There are ready buyers online.
Finally, there are online shoppers who are ready and willing to buy jewelry. As mentioned earlier, the jewelry market is expected to grow at 1.57% per annum, making the sale of jewelry a profitable business. In addition to being fashion accessories, jewelry can be gifted on occasion and passed down from generation to generation as a family heirloom, hence the need for pieces.
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