The eagerness for online shopping has pushed e-commerce sales to a record high, with the jewelry industry leading the way. Whether you're selling handmade bracelets, trendsetting necklaces, crystal or timeless diamond jewelry, now is the ideal time to start your dropshipping jewelry business online.
It’s well known that the profit margin of jewelry is much higher than other products, most of which is related to the perceived value of the jewelry. Dropshipping is also known for its lower investing cost from the start compared to other distribution models because no inventory is needed and renting a warehouse is out of consideration.
Hence, dropshipping jewelry is just the right move to try online business out.
Jewelry is particularly well suited for e-commerce when customers add a variety of items into their online shopping carts. Here's why.
▪ Shipping: Necklaces, bracelets, crystal and earrings are lightweight and easy to handle. Even delicate objects can easily be covered with tissue paper and stuffed into padded mail or small boxes. Jewelry is small, and small products are easy and simple to ship.
Your gross margin will not be affected as much as for large items because you won't have to pay as much postage. Not only that, they can usually be sent through the mailbox because the packages containing the jewelry are so thin.
This reduces customer service difficulties, such as if there are undelivered goods, and you can get more occasional reports and problems about receiving packages from the post office.
▪ Customer Experience: Since the jewelry is easy to pack and not that breakable during delivery, customers usually receive their products in good condition. Unlike glasswork or plastic products, as those kinds of goods can sometimes encounter damage when shipping, and when damages happened, re-shipping, refund, and return are needed.
By contrast, dropshipping's after-sale service for jewelry is relatively easy, as you simply need to confirm with the customers and notify the supplier to reship without worrying about finding an express on your own.
▪ Sizing: Unlike shoes and clothes, jewelry suits most people, so there's less guesswork for those considering a purchase. A scale photograph of the product helps to dispel any doubts about the size.
▪ Niche: Unlike the electronics market, where everyone knows how much a particular cell phone or the costs of a computer, dropshipping jewelry is more profitable and consumers have no way to determine the exact best price tag on a necklace, crystal or a bracelet.
Although the market experienced a decline between 2019 and 2020 as the COVID-19 pandemic limited production and international trade, it’s anticipated to rebound quickly after the economy recovers.
The epidemic has accelerated digital adoption and demonstrated people’s desire to shop online. In addition, the convenience brought by various digital technologies and advances in e-commerce have enabled more influencers to share their outfit of the day and jewelry on their social media platforms, which has also boosted consumers' passion to buy jewelry online.
The jewelry niche has consisted of a wide range of fashion jewelry, which means you can choose to sell anything from earrings, rings, crystal, necklaces, bracelets, and watches. Choosing to sell jewelry online is both profitable and sustainable with a stable fashion trend.
The global jewelry market is expected to reach $266.53 billion by 2027, with a CAGR rate of 3.7 percent. In e-commerce, online jewelry sales are growing steadily and are expected to be a $19.98 billion business opportunity by 2024. As a result, dropshipping jewelry is a lucrative niche.
Online retail sales have been growing steadily for years. Today, most customers shop online, contributing to the expansion of the jewelry industry. This may be the best time to try a dropshipping business in jewelry.
While traditional jewelry styles are in high demand, new trends and designs are also driving the expansion of the jewelry business. Also, it's important to understand that the value of jewelry varies. You can find stylish but affordable jewelry suppliers as well as high-end luxury suppliers online.
Jewelry demand is not expected to fall off soon. In fact, one can expect its popularity to rise.
The products you sell reflect your brand, so take the time to make sure you have good suppliers. No matter if you are selling wholesale pieces or items to make handmade jewelry, you should consider each supplier's product quality, selection, volume discounts, and return policies.
If you are dropshipping, you need to find a reputable supplier. You don't want to experience bad feedback, and it is even more important to prevent negative user reviews when you're just starting out. To some extent, your store popularity depends mainly on suppliers since they will package the products and ship them to your customers.
You can dropship from suppliers in markets like AliExpress, the biggest dropshipping platform for online business. There are hundreds of thousands of suppliers on AliExpress, but you can’t guarantee the quality of products of each supplier.
That's why it's a wise step for any dropshipper to establish a business relationship with reputable suppliers (or multiple suppliers) that will provide excellent customer support. Still, it's especially necessary for jewelry sellers.
DSers is AliExpress official partner and is whitelisted by AliExpress which means that you can place an unlimited amount of orders to AliExpress without being blocked by it.
With the Find Suppliers feature of DSers, you can choose the best-qualified suppliers selected by DSers instead of looking for them on AliExpress one by one for a long time to pick your suppliers. You can choose suppliers from China, France, the USA, and the UK by clicking the button on the right side of Ship from.
Placing 100 AliExpress orders within seconds with DSers can improve the quality and quantity of order fulfillment, and a few clicks can save 96.7% of order time. With its Supplier Optimizer, Bulk Order, and more features, your dropshipping jewelry journey will be smoother and more profitable.
All in all, it is profitable to sell jewelry in the appropriate market with trusted suppliers and useful dropshipping tools like DSers. Before you start your dropshipping business, it is vital to choose the right supplier with a good reputation in the market.
It is important to remember that you are the spokesperson for the product. For example, if the quality of the jewelry is affected, it could damage your reputation and affect future sales. Therefore, it’s always a good decision to put quality in the first place.
In a nutshell, Jewelry sales are unlikely to fall any time soon, which means start a dropshipping business of jewelry is a perfect fit now.