The jewelry business can be very profitable when done right. To make good profits in this business, apart from creating a high-quality and one-of-a-kind product, you will need to invest your effort and time to market your Jewelry. Also, before making the Jewelry for sale, you should know who your target market is and their tastes and preferences in Jewelry.
There are many sites where you can sell your handmade Jewelry online for a profit. This article lists the ten best sites to sell handmade Jewelry online for a profit. Keep reading to learn more!
Is selling handmade Jewelry profitable?
Selling handmade Jewelry can be profitable if done correctly. However, whether this business is profitable or not depends on several factors. These factors include; competition, marketing, cost of materials, and the demand for the product. A high-quality, unique product and effective strategies increase your chances of success. However, like any other business, success is not guaranteed; it takes a lot of effort, time, and hard work to build a profitable handmade jewelry business.
Does homemade Jewelry sell well?
Homemade Jewelry can sell well if it is high quality, appropriately priced, unique, and appeals to the target market. The popularity of handmade Jewelry differs depending on factors such as the target demographic, the skill level of the jeweler, and the current trends. It is crucial to conduct thorough market research and have an in-depth understanding of your target audience to improve the chances of success when selling homemade Jewelry. Marketing your Jewelry through craft fairs, online marketplaces, and social media channels will help boost its visibility and sales.
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Worthy is a luxury marketplace that assists users in selling their Jewelry quickly. The platform offers consignment, which includes cleaning, free shipping label, photographing, listing of your products, and quick payment after products are sold.
There are many advantages of selling your Jewelry through Worthy. They include; free appraisal of Jewelry, GIA certification is available, a fast registration process, and the company cleans, photographs, and lists your products for you.
The downside of selling your Jewelry through Worthy is that products under $5000 are charged an 18 percent commission.
Etsy is one of the largest online market sites for vintage and handmade products. It offers a massive and engaged audience for handmade jewelry and accessories sellers. People come together at Etsy to sell, buy, make, and collect one-of-a-kind items. With low fees and millions of potential buyers, Etsy is the perfect starting place for new jewelry sellers. Also, Etsy has a mobile app that makes managing sales easy.
The platform has many helpful tutorials on setting up your shop. It even has a built-in ads site that boosts your products’ visibility. However, if you sell via ads, you will incur an additional 15 percent charge for promotion.
To start selling your handmade Jewelry via Etsy, sign up on their website to get a seller account. Ensure you follow the tutorials provided on how to set up shop. After successfully setting up your shop, list your Jewelry and start selling.
There are several advantages of listing your Jewelry through Etsy. The first is a massive customer base. There are millions of potential buyers visiting this platform regularly. The second is strong brand recognition. The third is a quick registration. Next is a variety of marketing tools available to boost your product’s visibility and sales. Last is that you will not pay any commission and listing fees.
The only con of selling your Jewelry through this channel is that you will be charged an additional 15 percent of your sales if you sell your products through Etsy ads.
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3. Amazon Handmade
Amazon Handmade offers you a global platform with the recognition and trust accorded to the Amazon brand, making it easier for customers worldwide to discover and purchase your homemade Jewelry.
Unlike most other platforms, Amazon has to invite you to sell your products on the site. When invited, you must agree to abide by strict rules and guidelines that the company uses to regulate the quality of Jewelry sold on the platform. After this, the company allows you to set up a shop and sell homemade Jewelry.
To begin selling on this platform, you must fill out a form to set up an account. Once the company has approved the form, they will send you an email containing a registration link. This link includes information on how to set up your seller account on the platform.
Pros of selling your handmade Jewelry through Amazon handmade include a global reach, taking advantage of the recognition and trust accorded to the Amazon brand by people around the world, and a broad reach through Amazon’s marketing channels.
The downside to using this platform is that you have limited control over the customer experience and have to pay high fees.
eBay is a well-established online marketplace with a massive customer base. It is the largest auction site worldwide. It allows you to list your Jewelry for sale quickly. A specific section on the platform is dedicated to Jewelry, making it easy for millions of potential buyers to scroll through, find and buy the Jewelry they want. Also, at eBay, you will get a relatively low cost to list your handmade Jewelry for sale.
To start selling your handmade Jewelry with eBay, create an account with your Google account or email. Proceed to list your items for free on the platform.
The advantages of selling your handmade Jewelry through eBay include; no listing fees on the first 250 products, a mobile app to sell or auction your products on the go, relatively low fees, and a large customer base. Over 135 million people have eBay accounts, a wide variety of products available for sale, and a laddered fee structure.
The downside of eBay is strict rules and guidelines to adhere to if you want to sell your Jewelry on the platform.
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5. WP Diamonds
WP Diamond is a marketplace where you can sell high-end Jewelry. It specializes in buying diamond jewelry as well as other high-end pieces. They will give you an offer via email after you have submitted your pieces for appraisal. They are extra cautious and will insure shipped products up to $200000. They will also give quick payment on accepted offers.
This might be a fast way of selling your high-quality and one-of-a-kind Jewelry. To get an offer from the company, fill out the online form. Describe and attach photos of your homemade Jewelry. If you are okay with an appraisal, ship your Jewelry via a pre-filled FedEx label. WP Diamond will examine the pieces and give an offer. If you are okay with the offer, you might be paid within 24 hours.
They include; insured shipping up to $200K. Depending on the value, you will be given a quick offer for your Jewelry, and payment may be within 24 hours after you have accepted their offer.
Their offer might be lower than the retail price because they must resell the product.
This is another online marketplace where you can sell your handmade Jewelry. The platform has many themes to choose from. You can also have a developer customize your shop for you at a price. This fantastic platform can be your storefront if you are a homemade jewelry seller. It features quick online checkout, full theme customization, multiple payment processing options, and add-ons for things such as one-click upsell. This marketplace is the leader in the e-commerce business.
To start selling your Jewelry on this platform, sign up and choose one of its paid plans. A Shopify basic plan is a perfect starting point. However, you can also look at the other plans and determine which will suit your business better.
There are no commissions or setup fees. Pre-made shop themes are available. Many add-ons to customize your customer experience.
There are many of the add-ons have monthly charges.
7. The RealReal
The RealReal is an e-commerce consignment shop that sells luxury goods. It inspects every product consigned for genuineness, resells the products, and takes a small cut for the work. If you look forward to fetching a good profit for selling your handmade Jewelry, this online platform might help you bring a better price for your products. Once you have communicated with them about a plan to sell your piece on their platform, they will send GIA-certified gemologists to authenticate your pieces. You can also visit their physical locations across the US for authentication and valuation.
To get started, sign up on their platform; after your account has been verified, send them photos and details of your pieces. After you have agreed to the terms, ship the pieces for evaluation and authentication. The company will send you a price list and post the jewelry pieces for sale if you accept their offer.
There are several pros to selling your handmade Jewelry on The RealReal. First, luxury buyers in search of high-end items regularly visit the platform. The second is a simple consignment process. The third is that the company completes authentication to help value your jewelry pieces.
The platform charges high commissions on products they sell on your behalf (up to 70 percent).
Artfire is a marketplace explicitly dedicated to artisanal and handmade products. It strongly focuses on assisting small business owners in growing their brands by reaching a massive customer base.
The platform is dedicated explicitly to artisanal and handmade products. Secondly, Artfire focuses on assisting small business owner in growing their customer base.
The downside to selling your handmade Jewelry through this channel is that it has a narrow customer base compared to large marketplaces.
Zibbet is a marketplace that allows handmade jewelry sellers to grow their businesses and reach a broader customer base through several sales channels. The platform syncs data from all your sales platforms helping you to track stock levels, inventory balance at each store, and sales you make.
The advantages of listing on this platform include; no listing or transaction fees, the information that Zibbet provides you is helpful, you can quickly manage inventory and track sales, and the platform allows you to manage your goods instantly.
The downside to using Zibbet is that the platform is not that popular. Therefore, customer reach is narrow.
10. Big cartel
Big cartel is another online platform that helps designers and artists sell their items online. The focus of this platform is ease of use and simplicity. They do not charge a bunch of fees or take a cut off your sales. Just pick the monthly plan that suits your sales need and budget. No charges for the first five products you sell on the platform. After signing up with the platform, the company gives you full control to manage your account, update products, fulfill orders, run promotions, and check statistics from any device on the go or at home.
There are many pros to listing your handmade Jewelry on this platform. They include; low monthly cost, ease of use, no listing fees, and no transaction cost, it is suitable for startups, and a free plan is available.
Low product limits. You can only post a maximum of 500 products
5 quick tips for making money by selling handmade Jewelry
Below are five quick tips for making money by selling handmade Jewelry:
- Offer high-quality and unique products: Make sure your Jewelry is high-quality and one-of-a-kind to stand out in a competitive market.
- Know your target market: The famous phrase knowledge is power applies here. You should conduct thorough research to understand your target audience and what they look for in pieces of Jewelry.
- Price your Jewelry competitively: Consider the time, effort, and, most importantly, the cost of materials when pricing your Jewelry. Charge a fair price for your products; the price should be reasonable, making it impossible to sell and too low that you end up making no profit.
- Utilize many sales channels: Consider selling your Jewelry through craft fairs, social media, and online marketplaces to reach a wider audience.
- Market your Jewelry effectively: invest effort and time in marketing your product through effective and creative marketing strategies. This can include social media presence or creating a website, using visual aids such as videos and photos, showcasing your Jewelry, or collaborating with influencers.
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Finding the right marketplace to sell your handmade Jewelry is every jeweler’s dream.
Besides creating a high-quality and unique product, high demand for a product is also a major determinant of whether your jewelry business will succeed.
If you want to start a handmade jewelry business, selling your pieces through one of the online marketplaces mentioned above will improve your chances of making a good profit.