Jewelry is among the top trending products to sell online. In this guide, we’ll get into the nitty-gritty details of how to tap into the peaking jewelry market. Read on to find out how to niche your product, choose the right selling platform, and reach out to a wide audience using a smart marketing strategy.
When starting an online business, it’s important to have a crystal clear understanding of what you’re selling and to whom you’re selling it. Defining your jewelry niche is the first step towards choosing the best selling platform, determining your target audience, and finding smart ways to lure in customers.
Now that you know what and to whom you’re going to sell, you need to decide where you’re going to do business. The most popular online platforms to sell jewelry include social media, online store, ecommerce marketplaces, and services for selling fine, high-end jewelry. For the largest outreach, be sure to tap into as many channels as possible. Let’s go into the pros and cons of each platform.
Rings, bracelets, necklaces, and other jewelry have a strong visual appeal to them. The best way to do justice to the beauty and craftsmanship of your products is to market them on social platforms based on visual content, such as Instagram and Pinterest. However, this doesn’t mean you should ignore the possibilities of Facebook, TikTok, Snapchat, and other powerful socials. Find out what social platforms your prospects are using most and focus on those.
Pros:
Cons:
Summing up: Social media are a fast and relatively easy way to draw in people interested in your brand and build a solid customer base. Our advice is to pair social platforms with a more powerful selling channel.
Nowadays, creating a good-looking online store from scratch is no longer a problem. With smart website constructors like Shopify, WooCommerce, and BigCommerce, you can build and launch a compelling website in under an hour.
Summing up: A website is a powerful selling platform that adds authority and weight to your brand. At the same time, driving shoppers to your site can be a tough challenge.
Another commonly used channel for selling jewelry online is major ecommerce platforms, such as Amazon, eBay, Etsy, and the like. Each marketplace has its specifics and unique features. For example, Etsy specializes in handmade, customized items, while Amazon targets mass producers. eBay works like an auction where sellers set a starting price and buyers place bids.
Summing up: Ecommerce marketplaces are a great choice for businesses that welcome competition and aim to reach out to a big audience.
If you’re selling diamonds, high-end jewelry, luxury watches, or antiques, consider using dedicated services that operate in this market niche.
Worthy.com is an auction for pre-owned luxury items. The marketplace buys jewelry from individuals and then puts them on auction. As a reward for its services, the platform charges 5-15% of the selling price. Worthy has reviewed and estimated more than 1 bln jewelry items so far.
Wpdiamonds offers a fast and safe way to sell diamonds, jewelry, watches, and expensive handbags at the best prices, with no fee. If the seller accepts Wpdiamonds’s price offer, they get paid within 24 hours.
Diamond Buyers International specializes in buying diamonds and diamond jewelry at peak-season prices. A team of professional gemologists will appraise your diamond and offer you the best possible price.
The Diamond Valet is another reliable platform for selling diamonds. The company purchases genuine diamonds ¾ carat and larger. Complete a quick form (name, email, carat weight, etc.) and get an instant appraisal of your item. It’s a great way to get an unwanted diamond off your hands in exchange for a fat check!
Rubylane is the world’s No.1 marketplace for jewelry, antiques, silverware, vintage collectibles, and more. Sign up with Rubylane, add photos and descriptions of your items, and keep your fingers crossed for eager customers! To be able to sell on Rubylane, you need to pay a monthly service fee. For a shop with under 50 items, the minimum fee is 54 USD.
Customers like to have a big selection of payment options to choose from, so be sure to offer them a variety of payment methods, such as credit card, Apple Pay, PayPal, etc.
Now let’s say a few words about shipping. Shipping costs can vary depending on several factors:
Launching an online business is just the beginning of the journey. You also need to build a strong brand around your business, pique the interest of your target audience, and convince them to buy from you. Your promotion strategy is determined by what type of jewelry you’re selling and what online channels you’re using to market your merchandise. Let’s cover the key building blocks of a marketing strategy.
Your corporate logo, colors, and fonts are responsible for your brand’s visual image. A smart brand identity has the power to leave a lasting impression on your audience and broadcast the right message to your customers.
Diamonds, rings, bracelets, watches, and other jewelry pieces have a strong visual appeal to them. Capitalize on this characteristic to show off your items in the best light possible.
One way to kickstart your sales is to gain your audience’s trust and loyalty. Think through a comprehensive communication strategy which covers all your customer touchpoints, including your blog, website, newsletter, social media posts, promotion materials, etc. Here is a bunch of useful guidelines to stick to:
For maximum exposure, it’s best to combine several promotion channels to market your products. One way to do that is to drive abundant traffic from your social media pages and e-commerce platforms to your website.
Start tracking performance metrics for each of your promotion channels. Focus your efforts on the top-performing channels that generate most sales.
To make your online jewelry brand a success, you should stick with a customer-centric approach. Find out what type of jewelry your prospects are interested in and choose the selling platform accordingly. However, luring in an audience is not nearly enough. As the next step, you need to continuously nurture the relationship with your customer base by engaging them and asking for their feedback. Find a smart way to showcase your products’ value and convince your audience that they won’t find a better quality-price ratio anywhere else.
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