Ecommerce News

Dropshipping Jewelry

Jewelry offers an interesting market to start a new online store. There is high demand, constantly changing trends, and good profit margins to achieve. Additionally, Europe has several wholesalers and suppliers that provide jewelry through dropshipping.

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Starting an online jewelry store

Easily start your own dropshipping store in jewelry. While there are already major players in this market, focusing on a specific style, age group, or occasion can open up plenty of opportunities. Satisfied customers are more likely to make repeat purchases, which can significantly boost your profit margin.

With dropshipping, you do not need to purchase your own stock. Your supplier ships orders directly to the customer. This means you do not need a warehouse, do not have to pack the parcels yourself, and face no risks of leftover inventory. This flexibility also allows you to quickly adjust your selection based on demand for certain products.

Looking for ecommerce software to start your own dropshipping store? Shopify provides plugins for many popular dropshipping suppliers and is designed to make managing your online store simple and efficient.

dropshipping jewelry items

Finding the right audience and jewelry

The wide variety of jewelry allows you to offer a selection of thousands of items. However, large sellers already dominate the market for broad assortments, making it difficult for a new online store to compete with them.

Focusing on a specific niche or price range increases your chances of becoming an expert in that area. For example, you could start an online store specializing in jewelry for men or children. Within those categories, you can explore further niches, such as bracelets only or specific materials like precious metals, wood, recycled jewelry, or other sustainable options.

By specializing in particular styles, you can truly find your own audience and products. For instance, you could sell handmade jewelry inspired by a specific region or culture. Customers who have enjoyed memorable vacations may look for beautiful South African or Thai jewelry. Additionally, jewelry linked to specific music genres, themes, or fashion styles can sell well online.

Choose a specific niche or price range rather than offering a wide assortment.

Selling handmade jewelry in your own online store

Dropshipping suppliers for jewelry

There are various dropshipping suppliers that integrate with software like Shopify, WooCommerce, or other online store platforms. Here are some well-known platforms where you can easily find wholesalers or suppliers for jewelry:

Orderchamp

This b2b platform connects retailers with wholesalers with low purchasing thresholds and minimum purchases. Perfect for finding extra items or suppliers. With the dropshipping subscription you have no storage risks or fulfilment hassle: suppliers send items directly to your customers.

Spocket

Spocket is a platform for European and American dropshipping suppliers. There are thousands of products listed, from clothing to beauty products and more. It has a higher price range and shipping costs than AliExpress. The platform offers integrations with Shopify, BigCommerce, Wix and WooCommerce.

Faire

The Faire platform features brands and wholesalers for retailers from North America and Europe. Both large and small online retailers can go here to complement their assortment in, for example, jewelry, clothing or home accessories.

Earning money with dropshipping

To make money by dropshipping jewelry, it is important to carefully manage your costs. Suppliers often offer jewelry at low prices. For an item you purchase for eight to ten euros, you can typically charge around twenty to thirty euros.

However, keep in mind that your selling prices must include value-added tax. Your supplier may also charge shipping fees. Additionally, marketing costs can take up nearly a third of your revenue for many dropshipping businesses. You will also have fixed costs for administration or your online store. For instance, Shopify charges about thirty euros per month plus transaction fees.

As a result, there is often little money left for customer service, such as handling returns or dealing with items that arrive damaged. These additional costs, especially for marketing, can make it challenging to achieve a profit.

The marketing of your store

Online platforms like Amazon and other large marketplaces can help you find customers quickly. However, the commissions charged by these platforms are often high, leaving little room for profit. This makes them less suitable for dropshipping products.

Dropshipping suppliers typically charge significant fees for storage and shipping, making it difficult to compete on price. Businesses that stock their own products can often offer more competitive prices. One potential exception is Etsy.com, a platform dedicated entirely to handmade and unique products.

Using social media

Marketing costs are often the largest expense you can influence. By reducing these costs, you can make dropshipping more profitable. Jewelry, for example, is highly suitable for social media channels. On Instagram, Pinterest, or Facebook, people are always searching for the latest trends and ideas.

If you create engaging content and build a large following, you can easily share occasional commercial posts to drive traffic to your online store. Additionally, a newsletter is a valuable tool for keeping your products regularly in front of your target audience.

Jewelry as a gift item

making your own jewellery or selling a gift box for home made items

Jewelry offers an excellent opportunity for product personalization, making it a great choice for gifts. Affordable bracelets or necklaces featuring initials, names, or birthstones are particularly popular as festive or birthday presents.

Many young people also enjoy making their own jewelry. Offering a kit with materials and instructions to create jewelry at home, paired with inspiring examples, can make for an ideal gift. While there is significant competition in this area, creating your own kits ensures no other store will have the exact same product, allowing you more control over pricing.

Some suppliers even allow you to launch jewelry under your own brand, which is perfect for influencers or well-known brands. However, for most beginners, it can be challenging to achieve enough sales volume this way. To succeed, you typically need an established foundation, such as a large social media following, a popular newsletter, or a loyal customer base.

At Printful, you can build a product range by printing your own designs on various items. This is perfect for collaborating with influencers or as a first step toward creating your own brand.

Dirkjan Vis

Dirkjan Vis

Dirkjan Vis is the founder and owner of the company behind Ecommerce News.

All articles by Dirkjan Vis