Pricing is an issue that many people in the jewelrybusiness often worry about. However, there is amethod that you can easily use, whether you urchase jewelry wholesale or make your ownjewelry. Pricing is very important. You don’t want to charge too much, because you won’t sell anything. On the other hand, you want to make sure that you charge enough to make a profit.
If you purchase your jewelry at wholesale prices, a markup of 15% to 30% is usual, and people will pay
these prices. In the grand scheme of things, apply the 30% markup, and make that the ‘regular’ price.
When you need to move merchandise hold a sale,and use the 15% markup price as the sale price.
If you make your own jewelry, determine the totalcost of the piece, including the cost of supplies,shipping, warehousing and packaging, then apply a15% markup. With the 15% markup, your jewelrywill be priced at the wholesale price. If you sell thejewelry to the general public yourself, as opposedto selling it to retailers, apply the retail price, whichin this case would be about 45% above your costs.
If you purchase your jewelry at wholesale prices, a markup of 15% to 30% is usual, and people will pay
these prices. In the grand scheme of things, apply the 30% markup, and make that the ‘regular’ price.
When you need to move merchandise hold a sale,and use the 15% markup price as the sale price.
If you make your own jewelry, determine the totalcost of the piece, including the cost of supplies,shipping, warehousing and packaging, then apply a15% markup. With the 15% markup, your jewelrywill be priced at the wholesale price. If you sell thejewelry to the general public yourself, as opposedto selling it to retailers, apply the retail price, whichin this case would be about 45% above your costs.
