How to Buy Jewelry Wholesale

Save

Buying items wholesale saves retailers money because they usually buy in bulk and enjoy lower rates. This allows retailers to make a profit when they mark up the items for retail sale. The mark-up on jewelry is usually quite high--over 200 percent in most cases--so if you want to buy it at wholesale prices, you can reap the benefits of low prices and sell the remainder a bit above your cost plus and still make money.

Call your county offices and learn how to obtain a vendor's license. Become familiar with the rules and regulations governing such a license. For instance, you may have to report any sales and pay taxes monthly, quarterly or yearly.

Find wholesale jewelry outlets in your area and compare their prices. Also check out any traveling jewelry shows. Such shows usually have a private showroom in the back reserved for those with vendor's licenses.

Contact wholesalers to find out which of them will fill orders under $100. Some will allow you to purchase a sample of their wares in hopes that you will return with a larger order.

Contact overseas wholesalers to get catalogues of their jewelry. Taiwan is a good source for quality jewelry, for instance, as is Sri Lanka. You don't have to pay import duty fees on finished products.

Some wholesale warehouses offer members several membership cards, so if you have a friend who has a vendor's license and is a member of one of these warehouses, you may be able to get a membership card to shop there without getting your own vendor's license.

Tips & Warnings

  • While you do not have to have a vendor's license, you will have many more outlets to choose from if you do.
  • Be sure to file your county and state taxes for your purchases when those documents are due.

Related Searches

Promoted By Zergnet

Comments

You May Also Like

Related Searches

Check It Out

This Is the Beauty Routine of an Ex-Pat in China

M
Is DIY in your DNA? Become part of our maker community.
Submit Your Work!