Inevitably, the prices at the jewelry store are not going to be the lowest prices available on the market. Just as with many other endeavors the most prudent choice when seeking to obtain a bargain price on objects with silver festoons and or silver pendants is to look to wholesalers. A wholesaler is a person who sells supplies to a retail outlet. How does this help you save money?
Simple. Figure that when a retailer is figuring out the price of its inventory they do it using a set system. The retail company has to pay good money out of their pocket to purchase the product from a wholesaler. They must then calculate the cost of the product and the cost of the freight to ship the product to their store. Once they have that number they will calculate how much profit they want to make a map product and add that on to the cost. That will give you the retail cost of your product. For example, say that Harry is buying a flat of silver jewelry for his novelty shop from Silver Co. Inc. The flat of jewelry cost him $100 and there are 25 pieces of jewelry in the flat. Freight costs for the flat to be shipped to his store were $15. Therefore, the total cost of the flat of jewelry to Harry was $115.
Here he would then determine the cost per individual piece of jewelry to himself (115 divided by 25, or $4.60 per piece) and the amount of profit that he needs to make on each piece of jewelry in order to keep his shop afloat. For example's sake we will say that Kerry needs to make $100 profit from the entire flat of jewelry. This means that he needs to make four dollars in profit for every piece of jewelry he sells. Therefore, even though hair he only paid $4.60 for each individual piece of silver jewelry with the consumer unwise enough to show an interest in any one of those pieces of jewelry is going to pay $8.60 to be able to take it home.
Working with a wholesaler simply serves to cut out the middleman. Let's say that the consumer decides to remove Harry from the equation and simply purchase their jewelry from a wholesaler. Rather than placing four dollars in Harry's pocket the consumer can keep their four dollars and purchase the flat of jewelry for $100 plus freight rather than $216. That is a great deal of money remaining in the consumer's wallet.
How can you find a repeatable wholesaler? Hopefully before you are attempting to take the creation of jewelry and other novelties to a professional level you will have come to know some of the other people in the business. Other jewelers and many jewelry shops that sell sterling silver will be able to refer you to a repeatable wholesaler.
Resolved Question
Show me another »Why is some sterling silver cheaper than others?
I
know (or I think) it all must have like 92.5% silver to be called
sterling silver so it has the 925 stamped on it somewhere. But why is
some sterling silver so much cheaper than other? I was at macy's looking
at sterling silver rings and they were a few hundred dollars, then I
went to target and there were ones for twenty. Am I just paying more at
Macy's because it's Macy's? Or is the sterling silver at Target a lower
quality?
And the rings were only silver no jewels or anything.
And the rings were only silver no jewels or anything.
Best Answer - Chosen by Voters
some of it could have just been painted sterling silver; other than that;
macy's obviously would be expensive, since it is in fact macy's.
macy's is a high end department store where there stuff tends to cost more.
walmart or target, on the other hand, have the consumer more in mind than opposed to how much money they can get out of us.
macy's obviously would be expensive, since it is in fact macy's.
macy's is a high end department store where there stuff tends to cost more.
walmart or target, on the other hand, have the consumer more in mind than opposed to how much money they can get out of us.
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Other Answers (1)
I think it has to do with the store. Say u go to a real jewerly store then ur gonna pay a lot more than if u buy it at walmart.
