You have probably heard that selling gold jewelry can be a lucrative venture if done correctly. This is indeed true.
Gold is recognized globally as a sign of wealth and luxury. Its aesthetic value and sophistication are also bound to pull customers to your store.
One thing, though: you have to find a reliable wholesaler to supply you with good pieces for sale. How do you find the right gold jewelry supplier for your business? Read on to find out.
All gold distributors must have some certification from the relevant authorities in their countries.
These certifications are crucial. They let you know that a trader has satisfied certain conditions to trade in this metal. This makes them a more trustworthy player in the industry.
At times, certifications and accreditations to specific bodies also give you some protection. These bodies often receive and take measures against members that engage in unscrupulous business dealings. So should you encounter this with a distributor, you would at least have a course of action.
Pricing does not necessarily mean choosing the cheapest supplier you can find. What it means is finding a supplier that has high-quality pieces at the best possible prices. Essentially, you are looking for the best value for your money.
You will find similar items being on sale for more from certain distributors than others. This is common.
Look at a few distributors and what they are offering for what prices. Similarly, try and negotiate. Intelligent business people negotiate to ensure they get the best deals. If you are buying in bulk or becoming a regular customer, you get more bargaining power.
Research Their Existence
A lot of business is done online these days. These include jewelry distribution. While this is very convenient for buyers and sellers, some unscrupulous people have used the online space to non-existent front businesses.
These have websites where you will be duped into shopping and making payments; only the said business does not exist.
It’s therefore essential to do your due diligence before engaging any company.
Some of the things you need to find out include where their physical offices are, contact information, and so on. This might require you or your business partner to travel to the country of operation.
Look them up online as well, as most businesses today will have some imprint on the web.
Referrals and Reviews
Knowing that a business is tried and tested gives it an unparalleled layer of credibility.
When these are not forthcoming, online reviews are an excellent go-to. To begin with, start by shortlisting a few good companies that are offering good quality and an array of designs at a reasonable price.
With these options in place, look them up individually online. You want to see what other people say about them and pick a wholesale gold jewelry distributor with stellar reviews.
Companies with a good record of timely delivery, quality, and excellent services will likely support your business adequately.
Are you looking for a reputable supplier that can deliver your order anywhere in the world? Then, look no further than Play with Diamonds. Here, you will get good value, a wide range of precious stones, and recycle more sustainable gold.