On a global scale, the value of the global jewelry market will reach 292 billion U.S. dollars from 230 billion U.S. dollars by 2025. Engaging in the jewelry business is a very profitable choice. If you are engaged in the jewelry business in Mexico City, finding a competitive and best-purchasing channel determines your business development.
Most shopkeepers purchase goods from offline brick and mortar stores, mainly wholesale markets. There are some wholesale markets in Mexico City: LA LAGUNILLA, La Ciudadela, Central de Abastos, etc. In addition, many people in Mexico buy from a wholesale jewelry website called Nihaojewelry.
What are the advantages and disadvantages for each of them?
1. Species
Wholesale markets:
Wholesale markets normally have a limited variety of products and slow updates, so you can only have few choices.
There are hundreds of thousands of products, more than 300 categories, and products are updated every day.
If you are an online seller, you can also use our pictures on your online pages.
2. Quality
Wholesale markets:
You can see products and feel quality. You can directly feel whether products are what you want.
We offer so many pictures to show details of our products, but you can’t feel them.
However, Nihaojewelry has always had very strict quality control, and we will filter out unqualified products.
3. Receiving time and quantity
Wholesale markets:
You can get the products right away. And you can get the quantity of products you want.
We have cooperated with the fastest logistics companies, you need to wait a few days to get the parcel. Moreover, our products are updated very quickly, with about a 1% out-of-stock rate.
4. Price
Wholesale markets:
Wholesale market shopkeepers are usually not a manufacturer, and the price is high.
We have our own factories, and all prices are producer prices. So our price is very competitive.
For example:
Wholesale markets:
You buy 500 earrings in a wholesale market, the unit price is 3 dollars, plus round-trip travel and accommodation fee (eg: 150 dollars), your cost is 1,650 dollars for 500 earrings.
You buy 500 earrings, the unit price is 1 US dollars, 500 rings, the unit price is 1 US dollars, plus shipping costs 40 US dollars, your cost is 1040 US dollars for 500 earrings and 500 rings.
You definitely know which supplier to choose is more profitable by comparison.
Yeah, there are other aspects to consider:
5. MOQ ( Minimum Order Quantity )
Wholesale markets:
Wholesale markets usually require a minimum wholesale number. It’s very annoying to purchase each product in the specified wholesale quantity.
There is no minimum order quantity, you can choose to buy at your will.
No matter you are a street store owner or running an online business, if you want to see and feel the quality of products, you can go to the local wholesale markets; if you want more product choices, cheaper prices, and a small amount of investment, then choose Nihaojewelry couldn’t be better.
Social networks make it easy for you to know a website. You can join our online community in the Nihaojewelry Facebook group below to learn how people are talking about it.
If you are running your own store, which source channel would you like to choose? Please let me know in the comments below.
