Buying jewelry wholesale can result in huge savings, but only if you know how to do it. Learn the trade lingo and become wholesale savvy. You’ll save big bucks. There is a definite caveat concerning the buying and selling of wholesale jewelry. Saving money is the ultimate goal, but if you aren’t savvy about how to buy wholesale, you might end up spending more than retail and the quality may not be up to par.
It’s important to know the difference between true wholesale suppliers and wholesale retailers who sell at discounted prices. Many retailers will use the word wholesale in their advertisements, but that doesn’t mean you’re buying at true wholesale prices. You must understand the major definitions of wholesale as applied to the market.
Wholesale is a discounted retail price, often no less than what retailers offer on their sale prices.
Distributor’s Wholesale is purchased in bulk and requires a business license. This is the greater savings. The more you buy, the more you save per item. Membership Wholesale requires an ongoing membership fee. Sams Club and Costco are the two most popular membership discount houses. Weigh the cost of the membership against the savings and the frequency with which you buy to determine the bottom line of savings.
Understanding the wholesale jargon is not enough if you want to make the best purchase for the best price. Jewelry classifications are important factors. If you don’t understand the lingo, you’re putting yourself at a great disadvantage as a buyer.
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