If you want to start a jewelry business, find over 20 jewelry supplier options in this article.
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They say that selling jewelry is one of the most rewarding activities, as it allows you to be part of the most important moments in your clients' lives, such as weddings, births, baptisms, graduations or even birthdays and anniversaries.
If you are thinking of starting out in this segment and are looking for jewelry suppliers to start your business, you have come to the right place. In this article I will focus on answering some of the main questions about this area, as well as recommending sites where you can buy cheap silver to sell in some of the main cities in our country.
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How profitable is selling jewelry in Mexico?
It's a very lucrative business! In Mexico, selling jewelry is profitable since our country is ranked between 7th and 8th in the world in jewelry consumption, according to data from Forbes .
Jalisco is the national leader in this segment, generating more than 20 thousand direct jobs and growing 5% annually, demonstrating that the consumption of these goods, more than a luxury for many Mexicans, is a lifestyle.
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What percentage is earned on jewelry?
It is estimated that in general, the percentage of profit that can be obtained from jewelry in Mexico ranges from 50% to 300% depending on certain factors such as the material of the piece, the design, the place of origin and even the number of people or intermediaries through which this product passes until it reaches the hands of the final buyer.
Tip: It is possible to increase the profit percentage of the jewelry store by selling online, since with an online store it is possible to reduce or avoid several of the expenses associated with a physical business in which it is necessary to invest much more in security and furniture.