The downside is, if the shop isn't feeling an urgency to sell your work, they may not push it too hard. They can wait for the right customer to come along. Because of this, they can charge slightly more for it because they aren't rushing to return their investment. Unlike a shop who has bought your work wholesale, a shop who takes jewelry on consignment doesn't have any financial investment in the pieces other than providing the square footage to display it. The downside to selling wholesale is that you'll most likely receive a lower profit percentage than if you sold it on consignment. Also, if your work sells well, it's to the shop owner's advantage to order more of your work, so you'll both earn more money. And, because the shop has put money down, it's in their interest to push your work to sell-they will display it attractively and price it to sell. The advantage of selling your jewelry wholesale is that you get your money right there and then. Once the consigned work is sold, the owner gives you a percentage of the profits-usually 60% or more. When you sell your jewelry on consignment, you agree to lend a shop owner your work with the expectation that they will sell it, but they have no up-front financial investment. They usually buy it from you for 50% of what they will sell it for, and often take orders for more of the same if your work is selling well for them. When you sell your jewelry wholesale, you sell it outright to a shop owner. Jean Campbell, founding editor of Beadwork magazine explains: Please note that prices are not guaranteed until an order has been entered into our system with a valid payment method.įor more information on payment methods, visit our "Want to Avoid Credit Cards?" page.What's the difference between selling jewelry wholesale versus selling on consignment? There is a $15.00 transaction fee for all wire transfer payments and will need to be included in the amount transferred. All necessary wire transfer information will be provided to the customer once the order has been entered and the order total is available. Wire transfer payments in US dollars are accepted for orders placed by phone, mailed to us or faxed in to 1-80. If you would like to mail your order, personal checks drawn from a US bank account and money orders in US dollars are accepted. Please note that once a PayPal order has been submitted, we are unable to make any changes to the order that would increase the cost of the original order total. You will know the order has been successfully submitted when provided with an order confirmation number and the items are removed from your shopping cart. After reviewing the order to ensure all details are accurate, submit the order for processing. You will then continue through the process to return to the Order Review page on the Fire Mountain Gems and Beads site and apply any account credit you may have available, redeem a gift certificate or enter a valid promo code. Verify the details of your order and make changes if needed. When selecting PayPal you will be redirected to log in to your PayPal account. This payment option can be selected from the My Cart page or on step three of the checkout process. Fire Mountain Gems accepts Visa, American Express, Discover and MasterCard credit cards, as well as debit and gift cards with one of the major credit card logos affiliated.
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