5 Ways to Determine the Right Wholesale Necklace Price

By: Ramir Sarmiento

Aside from searching the Internet for real wholesale suppliers offering wholesale necklace or getting around wholesale jewelry tradeshows to compare wholesale necklace prices, you too can ask questions to your wholesale suppliers.

You just need the right knowledge to reach your goal and profit more on selling wholesale necklace.

If you have found what you think is a legitimate wholesale supplier who will be your long-term business partner, you can negotiate with your wholesale supplier to get the right wholesale necklace prices.

Here are 5 ways you can uncover the real wholesale necklace price. I will set and example for diamond necklace. Like you, I love diamonds.

1. Ask for the retail price. You can ask your wholesale supplier of the retail price of the jewelry necklaces.

Let's say that the retail price of a particular diamond necklace is $237.00, you should consider asking your wholesale supplier where does these diamond necklace sell for that retail price.

2. Identify the reseller. Know who is selling the diamond necklace to retail stores. How much do the jewelry store profit and how much profit does their wholesale supplier get?

This will give you a rough idea on how much the jewelry store pays for the diamond necklace and how much the wholesale supplier pays for the wholesale necklace on the manufacturer or larger wholesaler.

3. Price per quantity. Know the price per multiple quantities of diamond necklace.

For example, what is the price for 10, 50, or 100 pieces diamond necklace with varying sets? This will help you to get some idea of their best prices.

4. Loyalty award. Know who is your wholesale supplier's best customer.

If your wholesale supplier tells you're their best customer, follow up with the quantity they buy per month. This will tell you who often gets the best wholesale necklace price and probably the real wholesale necklace price.

5. The creator. Finally, ask them if they manufacture or import the diamond necklace. Are they the source of diamond necklace?

This will be a tougher part! Most wholesale suppliers will tell you that they are the manufacturers of diamond necklace even if they are not. The real and honest ones will tell you that they buy directly from the wholesale necklace manufacturers.

A legitimate wholesale supplier will tell you and give you more proof that they are indeed real diamond necklace manufacturers. So try to observe, choose wholesale suppliers carefully and ask, so that you can get more knowledge on how to determine real wholesale necklace price.

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