Are you a jewelry maker or designer looking for new ways to market
your jewelry? There's no doubt about it! A jewelry design business takes
time especially if you exhibit at craft and jewelry shows which require
preparation and travel. This can take precious time away from jewelry
design and production. Your first love is jewelry design and you'd like
to spend more time designing and less time focused on jewelry marketing.
Is there a solution?
For some jewelry makers and designers, the
answer is to enlist the services of a sales rep. A jewelry sales rep is a
traveling sales person who carries several independent lines of jewelry
that he or she markets to various boutiques and galleries. The sales
rep is paid a commission by the jewelry designer of between 10% to 20%
of the wholesale price. For example, if a bracelet sells for a retail
price of $100, the store pays $50.00 for the item. Out of that $50.00
you pay the rep $7.50, assuming a commission rate of 15%. This may sound
like a lot, but you have to consider the cost savings of not traveling
as well as the time savings of being able to spend more time in your
studio producing jewelry.
A sales rep can also help you reach a
national audience by exhibiting your designs at trade shows in large
cities. This can be a very rewarding arrangement for you as the jewelry
designer. Your jewelry is marketed in a professional manner and you
never have to leave your studio.
An additional benefit of having a
rep is that a rep can keep you abreast of jewelry design trends and
give you updates on what's selling and what's not. A jewelry rep can
also suggest potential modifications to your jewelry line based on her
experience in the marketplace. This may result in increased sales for
you.
In order to successfully sell your jewelry through a sales rep, you'll need:
Price
lists for your jewelry neatly printed up to give to the rep. Actual
catalogue sheets are usually unnecessary since the rep will have samples
of your individual jewelry pieces.
A statement of your terms of sale including your return policy.
Clarification of your shipping terms. Which carrier will ship your jewelry and any special shipping bonuses such as free shipping with a minimum purchase. You should also make a statement about when items will be shipped. i.e. within 3 days etc.
Clarification of your shipping terms. Which carrier will ship your jewelry and any special shipping bonuses such as free shipping with a minimum purchase. You should also make a statement about when items will be shipped. i.e. within 3 days etc.
A brief biography of your jewelry design
experience that the rep can use to promote your work. Consider including
a photo on your bio to personalize it.
Representative samples of
your jewelry line for the rep to show retailers. An accurate record
should be kept of what samples were given to the rep as well as when
they should be returned and what is owed in the event that samples are
lost. (which hopefully won't happen!)
Once you've determined you'd like to work with a rep, how do you go about locating one? Here are some suggestions:
1.
Check the classified sections of various jewelry and gift trade
journals. Jewelry reps often advertise here when they're seeking new
accounts. Try checking the classified section of Lapidary Journal.
Another good source is Accessories Magazine, a specialized trade journal
for the jewelry and accessories business.
2. Attend jewelry trade
shows in large cities such as New York, Boston, and Chicago. Jewelry
reps exhibit their lines at these trade shows in order to attract new
boutique accounts. Walk through the show and find reps who are
displaying lines of jewelry that are somewhat similar to your own in
price and style. When you find one, take a business card so you can
contact the rep later to discuss carrying your line of jewelry.
Important! These shows are for the trade only so you'll probably be
asked to show your credentials.
3. Visit jewelry marts and showrooms in New York City where reps display. Again, get their contact information.
4.
Find retailers in your area who carry jewelry similar to yours. Ask if
they have a rep who calls upon them. See if you can get their contact
information.
5. Network with other jewelry artisans who market their jewelry through reps.
6. Advertise for a rep through one of the jewelry trade journals.
7. Contact The United Association Manufacturers' Representatives who will help you locate a rep for a fee.
Once you've found a rep you'd like to work with, be sure to get answers to the following questions:
How long have you been in the business?
How many jewelry lines do you carry?
What is your commission rate?
Do you have a list of references? (request to see them)
What territory do you cover?
How many accounts do you service?
You
also want to make sure you have a rep that carries lines of jewelry
similar to yours in style and price range. If you sell high end artisan
jewelry, you don't want to enlist the services of a jewelry rep who
carries lower end, mass produced jewelry. It's also important that you
feel comfortable with the rep you're dealing with and have a good line
of communication.
Jewelry marketing through a rep can be a
profitable and satisfying means of bringing your designs to the public.
Plus, it can free up your time to be a more creative and productive
jewelry designer. Why not see if a jewelry rep would be right for your
jewelry business?
Kristie Leong M.D.
specializes in helping handmade jewelry designers find new markets for
their jewelry. She publishes a blog and has website full of information
on jewelry marketing at http://www.jewelry-marketing.com
No comments:
Post a Comment