9 Nov

What’s the Best Product Pricing Strategy for Boutiques?

by SMG Admin
Retail
What’s the Best Product Pricing Strategy for Boutiques? - WFS
Product pricing strategies help grow your small business and increase your customer base. The word “price” is both a noun and a verb. The latter is what you do to an item for sale in your boutique. If you get the pricing wrong, you could lose money. No business owner wants to lose money. Pricing is something you must do with purpose and through a specific process. The right strategy will attract and build customer relationships, allow greater profit margins, and increase revenue. Various pricing strategies exist; you may not use the same one for every product you sell. Therefore, it’s essential to understand different methods before making pricing decisions. Below are five pricing strategies that are most often used by small...
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6 Oct

Why Find Handbag and Jewelry Wholesale Suppliers For Your Boutique Needs

by SMG Admin
Buying, Retail
Handbag and Jewelry Wholesale Suppliers For Your Boutique - WFS
Boutique owners find success when taking a multi-layer approach to selling products. They choose a primary product to sell, then complementary products that enhance the main product. For example, bridal boutiques sell wedding gowns but also offer wedding jewelry, shoes, and tuxedos. A boutique for professional women sells clothing appropriate for the work environment. They may also sell jewelry, handbags, and makeup. Everyone is so busy today. Customers don’t have the time to buy clothing at one store and then travel to different stores for jewelry, handbags, etc. You can solve this problem by stocking complimentary products, which means considering trends, profit margins, and target customers.  Here are some tips to ensure success if you are a boutique owner selling products that...
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19 Sep

How to Start a Jewelry Business

by SMG Admin
Retail
How to Start a Jewelry Business - Wholesale Fashion Square
There is no better time to start a jewelry business than now. The industry is expected to grow to $292 billion by 2025. Retailers can see success online and in shops using creative marketing and promotional activities. You can start a jewelry business with a small investment and grow it naturally, especially when working with a wholesale supplier.  So, if you're wondering how to start a jewelry business, there are some crucial steps you can take to ensure success. A few of these steps are detailed below. Choose Specific Types of Jewelry To determine the types of jewelry you want to sell, you must organize your preferences based on the following: Material used to create jewelry can include metals, fabrics, leather, resin, plastic,...
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20 Jun

Finding Unique Jewelry to Buy for Your Business: Helpful Tips

by SMG Admin
Buying
Unique Jewelry to Buy for Your Business: Helpful Tips - WFS
If your business resells jewelry and other products, you must know how to get the biggest bang when finding unique pieces. You’ve got to get quality jewelry that stands out and attracts customers. Whether your customers are shopping for themselves or someone else, you must provide them with options in various categories. Plus, the jewelry you sell must align with your brand and complement any other products you sell. Buying jewelry does not have to be stressful, however. You can have fun picking out great items for your target customers. Below are some helpful tips for finding unique jewelry for your business. Follow the Trends This year several trends are at the forefront of the jewelry industry. One is layering or stacking jewelry,...
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17 Apr

Your Guide to Selling Jewelry: Why Buying Wholesale is Key

by SMG Admin
Buying
Your Guide to Selling Jewelry: Why Buying Wholesale is Key - WFS
American jewelry store sales have been over $32 billion in the last few years. Reports state that more than 52,300 jewelry stores in the United States contribute to the global market of around $300 billion. Statistics like these make it easy to see that selling jewelry in your boutique may be worth investigating. Deciding to sell jewelry is a small first step, followed by numerous others that create a successful venture. Below is a brief guide to selling jewelry in your boutique. These tips will help you pick the right jewelry to sell in your boutique. Jewelry Niche When it comes to selling jewelry, you must figure out your jewelry niche, a specialized section of the jewelry market. To find your niche, you...
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7 Mar

Affordable Elegance For Shoppers: Wholesale Jewelry Sets

by SMG Admin
Retail
Affordable Elegance For Shoppers: Wholesale Jewelry Sets - WFS
Jewelry sets consist of two or more pieces of jewelry that can be worn together or separately. Sets often include a necklace, earrings, bracelet, or brooch that can be easily coordinated with each other and multiple outfits. Jewelry sets are big sellers in fashion boutiques because they are versatile and offer benefits, such as simplifying the "what to wear" dilemma. Matching sets can be a focal point or an accent piece. They can be used to dress up or down an outfit, making it easy to transition between casual, professional, and formal. Saving time is always a plus for customers. If they can purchase jewelry sets in your boutique, they will spend less time searching for matching pieces. Plus, jewelry sets make...
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1 Feb

Incorporate Wholesale Jewelry Into Your Customer’s Mardi Gras Outfits

by SMG Admin
Buying
Incorporate Wholesale Jewelry Into Your Customer’s Mardi Gras Outfits - WFS
If your customers celebrate Mardi Gras, like millions of others around the globe, you know that the party begins on Fat Tuesday or the day before Ash Wednesday. For some, Mardi Gras is one day; for others, it is several weeks of parades, parties, and celebrations. What your customers wear to a Mardi Gras event is important. It shows their personality, passion, and commitment. Those wearing elaborate costumes, colorful wigs, purple and gold beads, and sky-high platforms are all in. Most people are only partially committed. They want to join the fun but can only do so for a short while before returning to work or home responsibilities. For the occasional Mardi Gras patrons, it’s essential to incorporate the right jewelry pieces...
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30 Dec

Stock These 7 Types of Jewelry To Provide a Variety for Customers

by SMG Admin
Buying
Stock These 7 Types of Jewelry To Provide a Variety for Customers - WFS
Types of Jewelry Jewelry statistics show that married females between the ages of 25 and 34 spend the most money on jewelry. Annually, the average American spends less than $100 on jewelry, and the average household spends a little over $400. Statistics also show which type of jewelry sells the best each year. Among women respondents, 87% reported earrings, 64% necklaces, 53% rings, and 47% bracelets. Among both men and women, necklaces were the top seller. Now that you know the top four categories, it’s time to narrow them down to specific styles. Below are seven popular types of jewelry to provide a variety for customers. 1. Pendant Necklaces Whether it’s a diamond solitaire, charm, or oversized natural stone, the pendant necklace is hot right...
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13 Oct

The Value of Buying Wholesale Jewelry in Bulk

by SMG Admin
Buying
Guide to Buying Wholesale Jewelry in Bulk - Wholesale Fashion Square
Before buying wholesale jewelry in bulk, learn more about the different types of wholesale jewelry in bulk available through suppliers. When something has value, it implies there is something added to it that makes it better or more beneficial. This is especially true when weighing the value of buying wholesale jewelry in bulk. Everyone from the designer to the customer wins when you buy wholesale jewelry in bulk. You get to pass on the savings to your customers, offering them a discount that doesn't affect your revenue. Your profit margins are higher due to the discounts of purchasing in bulk. Types of Wholesale Jewelry Costume, Hand-made artisan, gold, and designer jewelry are the most common types of jewelry. Every kind of jewelry is different...
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18 Sep

How to Choose Jewelry for Women to Sell in Your Boutique

by SMG Admin
Buying
How to Choose Jewelry for Women to Sell in Your Boutique - WFS
Choosing jewelry for women for your boutique is a delicate yet fun process. Here's a helpful guide. Reports on how women purchase jewelry show major changes happening. The fact that women are buying their own jewelry is one. Currently, 56% of jewelry buyers are women between the ages of 25 and 34. Out of this group, 35% prefer white gold. People of every income level and age are spending money on jewelry each year online and in the 52,331 retail stores in America. Women over 55 typically spend around $1200 yearly on jewelry, while those below 55 spend about $600 annually. Women earning six figures or more tend to spend more, closer to $2000. Choosing Jewelry for Women The group of women who buy...
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