The beauty industry, including the jewelry industry, has grown exponentially in recent years.

Thanks to social media, more and more people are learning and wanting to look their best and put their best foot forward at all times. If you are looking to join the jewelry retail business, this is a great time to get into the market.

As you do this, however, you want your new venture to be as profitable as possible. Knowing a few things about the business can help this along.

Here are four things you should know before buying wholesale body jewelry.

1. A Credible Wholesaler is Critical

credible wholesaler

First things first: you will need an inventory for your business. You need good quality, authentic, durable supplies, and you need the deliveries made on time. If they are not timely, you risk losing clients to your competitors.

To get started, look for suppliers selling the specific types of jewelry you need. Take the time to browse through their collections to see if they have the specific pieces you are looking for.

Once this is done, take a deeper look at the individual suppliers to find out more about their business and credibility. Stick with businesses with more positive than negative reviews.

Similarly, check if they have viable contacts that you can reach them on in case there is an issue.

2. You Have To Keep An Eye On Trends

Keep an eye on trends

If you are to be profitable, you need to keep abreast of current trends. Prospective customers will shop from vendors that carry the latest, most stylish trends in the market.

You will be required to keep your eye open, look at blogs and magazines, and listen keenly to customer feedback. With time, you will begin to pick up what your customers are most interested in as they will ask for specific jewelry types repeatedly.

This is what will advise your purchase decisions.

3. Place Trial Orders

place trial orders

It’s okay to be optimistic about your business endeavors. However, it’s always prudent to cautiously venture into unknown territories.

A good way to get into the business is by buying smaller quantities of jewelry before making wholesale purchases. This allows you to test the quality and durability before making wholesale purchases.

If they do not meet your standards, you can easily switch manufacturers without suffering huge business losses. If they do, you can go ahead and make a bulk purchase.

4. No Middle Men Means Better Profits

The more you shrink the supply chain, the lower your purchasing costs will be.

The most successful jewelry retailers know this business trick and strive to make business connections with the manufacturers themselves. By doing this and shortening the supply chain, the final price of acquiring inventory is significantly lower.

This aside, forming a business relationship with manufacturers also accords them discounts from time to time, further lowering costs. Any actions that lower the costs of doing business ultimately work in favor of profitability.

Pick the Best

Are you thinking of buying wholesale body jewelry? At Shining Light Body Jewelry, we understand how important your business and customers are to you. We, therefore, endeavor to make timely supplies of high-quality jewelry pieces.

Visit our site to see what we have to offer and let us help you grow.