Startup Jewelry Business
Starting your own jewelry business may seem an intimidating prospect but with a bit of online marketing know-how, hard work, and lots of creativity, your fledgling business can easily turn into a highly profitable venture.
Choose the right business image.
Jewels are essentially beautiful regardless of what they’re made of, what their size is, or how they’re styled. Jewelries are usually expensive and considered works of art. As such, customers tend to have higher expectations than usual from those selling them.
For the right business image, you’ll need to come up with a distinctive but stylish name, logo, and website for your jewelry business. It may be elegant, funky, or cute. Stylishness, after all, is entirely subjective. But above all things, it must be attractive to your target market.
Choose a niche.
Speaking of your target market, it’s important to choose a niche for your jewelry business. Niche marketing will require you to cater to a smaller market with specific needs. Doing so will make it unnecessary for you to go head to head against bigger jewelry businesses. You will also have an easier time making your business’s name grow.
There are many ways to determine the ideal niche for your market. You may start, for instance, with the types of jewelries you’re selling. Are they suitable for career-oriented women or do they look better on teenagers? Or perhaps they’re more suited for women in high society?
Think variety and specialty.
They can come hand in hand. Variety for your jewelry business means offering them all kinds of jewelry your target might need: earrings, necklaces, bracelets, maybe even dress watches, rings, and anklets. You can even expand to the lesser-known varieties like nose rings and stomach rings if it’s applicable.
Variety ensures that your target market won’t have to look to other shops for any jewelry preferences they may have. Specialty, on the other hand, is purely on the account of taste and style: it’s what makes you different from your competitors.
Specialty for your jewelry business can be achieved in various ways. You could, for instance, make a name for yourself by creating a unique line of jewelries made of a combination of alexandrite and onyx. Its pink and black color tandem is startling and offers lots of creative potential.
Accepting custom orders can be considered a specialty in itself. Your jewelry business could be famous with its engraved lockets, name bracelets, and personalized necklaces.
Prioritize customer service.
As mentioned earlier on, customers of jewelry businesses tend to be more demanding and meticulous than usual. Consequently, they place greater value on customer service, maybe even more than affordability and product variety.
If you want to start up your jewelry business right then you need to focus on customer service. Firstly, give your customers the assurance of secure and convenient transactions; give them all the payment options you need and make sure you employ every possible precaution to prevent them from becoming a victim of ID theft while they’re shopping in your virtual store.
Offer round-the-clock customer support. They must have an email address and hotline to contact for any inquiries they may have. Show your appreciation for their continued patronage by regularly offering special promos and discounts for loyal customers. If you treat your customers well then they’re sure to hold your jewelry business in high regard!