So you want to start a wholesale jewelry  distributorship? Follow these simple yet effective steps. Whether you're currently a white-collar professional, a manager worried about being downsized, or bored with your current job, this may be the right business for you. Much like the merchant traders of the 18th century, you'll be trading goods for profit.

Lucky for you, the B2B platforms have made wholesale businesses a lot easier than the older times. Put simply, as the owner of a wholesale distributorship, you will be buying goods to sell at a profit, much like a retailer would. The only difference is that you'll be working in a business-to-business realm by selling to retail companies and other wholesale firms like your own, and not to the buying public.

1. Identify the Market for Your Wholesale Business

You will need to do proper research to identify the ideal market for your products. You will need to find dealers, store owners and other customers who will be able to procure the products from you.

2. Identify your Suppliers

You will have to get in touch with manufacturers who will be willing to appoint you as a wholesaler for their products. Many companies will have sales targets for you to meet – so think carefully before deciding on anyone. You can get a complete directory of wholesale suppliers from B2B platforms and then you can choose the one most suitable for you.

3. Identify the Location of Your Office and Warehouse

Along with the above, you will also need to identify a place where you will be conducting your business. Sometimes, space is so scarce and expensive in big cities that you might need to keep your office and your warehouse separate.

4. Set up a Website

If you are considering starting a wholesale business, you will need to set up a website. Through it, you can inform manufacturers that you are willing to do business with them. Some B2B platforms like TradeWheel and DHgate offer this service when you get a membership from there.

5. Know Return Policies

Check out the policies of different manufacturers, including how they plan to handle any goods returned back to them due to defects or for any other reason. You will also need to check their after-sales service policies.

6. Get Easy-to-Use Inventory Software

You should purchase a simple inventory control software package, which will help you keep track of your products, even if they are in more than one warehouse.

7. Keep a Strict Payment Policy with your Dealers

You should keep strict control over your finances – and also over your dealers, since the amounts involved could be quite large compared to if you were selling retail.

There is a top wholesale jewelry supplier online:

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