The basic rule in any selling venture is always to buy your goods for sale at cheap prices, so you can retail them at cheaper prices too so there will be more buyers to buy your goods. The resulting high sales volumes will also mean more profits for you. This is likewise true in the business of jewelry– selling. Always buy your jewelry items at cheap wholesale prices – this is always possible nowadays, as many jewelry wholesalers are just too willing to offer cheap wholesale prices for their stocks, knowing that there is a big market developing globally for them in spite of the recessionary times. They do not want to lose the opportunity to make money in this business.
You are right in concentrating in these jewelry items for the women especially because the international market shaping up online is led by the fashionable women of other courtiers who are still jewelry-conscious, even more than the American women. The exotic beauty of women in the Far East is legend and this is largely because they use jewelry extensively with their costumes.
Just make sure the wholesale partner you have in the business has capabilities now to deliver the jewelry items in other countries so you can cater to the women out there looking to buy your goods online. This is important as you do not want to lose face, and money, just because your choice of a wholesale partner in jewelry cannot backup your commitments to your buyers to have their purchases delivered promptly to their homes. Remember that you will collect payment for their purchases of jewelry through online banking systems or though their credit cards and it will be unfair to your foreign clients if they do not get the service as you promised.
Inasmuch as your jewelry buyers may be in different time zones now contacting you through the Internet, they could be transacting business with you online when it is your sleeping hours. It is necessary therefore that you have an assistant or two to take over entertaining the jewelry buyers while you are resting. As what is happening in the other outsourced jobs, the business hours could be virtual now – meaning business transactions are now happening on a 24- hour basis.
As Seen on BBC News, FORBES and CNN Money
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