Start An Online Jewelry Store

Start An Online Jewelry Store

About

Starting an online jewelry store requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell online jewelry, or selling online jewelry online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start an online jewelry store ➜

Key stats

market size
$19.9B
revenue (monthly)
$297K
starting costs
$38.6K
gross margin
21%
time to build
300 days
growth
Word of mouth
business model
E-Commerce
time investment
Side project

About

Starting an online jewelry store requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell online jewelry, or selling online jewelry online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start an online jewelry store ➜

Key stats

market size
$19.9B
revenue (monthly)
$297K
starting costs
$38.6K
gross margin
21%

 

time to build
300 days
growth
Word of mouth
business model
E-Commerce
time investment
Side project

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $0 $7,000
Employee & Freelancer Expenses $151 $352
Website Costs $223 $7,215
Business Formation Fees $5,600 $20,400
Inventory Expenses $350 $8,000
Specific Industry Expenses $100 $30,000
Training & Education Expenses $0 $1,000
Software Expenses $162 $3,094
Advertising & Marketing Costs $0 $50
Total Startup Costs $6,586 $77,111

Successful Businesses

Business URL Rank
Emily's Beaded Jewels and Creations emilysbeadedjewlsandcreations.square.site #4,590
PANDORA stores.pandora.net #7,444
KingIce kingice.com #9,208
Missoma missoma.com #10,958
Maria Black maria-black.com #19,671
JAMES ALLEN jamesallen.com #23,050
Kay Jewelers kay.com #25,755
PDPAOLA pdpaola.com #29,044
Zales zales.com #30,425
Jared jared.com #34,700
Malabar Gold & Diamonds USA malabargoldanddiamonds.com #37,534

Pros & Cons

Pros Description
Flexibility You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.
Ability to start your business from home It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!
Rewarding work Starting a online jewelry store can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.
Scalable With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.
Meaningful business connections You never know who you will meet as a online jewelry store. This could be the start of an incredible business opportunity!
Easy to encourage "impulse buy" In the online jewelry store, you have a much higher chance of encouraging your customers to buy on impulse - you can easily alter the price, placement, packaging, and promotional value to influence the decision of your buyer.
Cons Description
Crowded Space Competition is high when it comes to your online jewelry store, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.
Finding The Right Supplier Most businesses in this space go the supplier/manufacturer route, which isn't a bad thing! However, finding the right supplier can take a lot of time, energy and trial/error. If done properly, this process can save you months (if not years) of time and energy. More on this below in the "finding a supplier" section.
Motivation of employees If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.
Niche Market A niche business is not necessarily a bad thing, in fact, it can be the key to your success. However, it can be more challenging and time consuming to find the perfect niche market and target audience.
High overhead expenses With starting an online jewelry store, there are overhead expenses that come with selling a physical product. You will want to make sure you strategically budget for these overhead costs. We discuss this more in the startup costs section below.
You may need to charge sales tax If you are selling your products in various states, you may be required to charge sales tax. Although this may not impact your financials specifically, it can be a headache to create a process and procedure for this. To learn more about sales tax, check out [this article](https://www.thebalancesmb.com/do-i-need-to-collect-sales-taxes-in-my-state-398913)

Marketing Ideas

  • 1

    Affiliate Program

    Affiliate marketing is a great way to bring in a new revenue stream, especially when you don't sell products or services.

    Simply put, an affiliate program is an agreement where a business pays another business or influencer ("the affiliate") a commission for sending traffic and/or sales their way.

    The affiliate typically gets a unique link where clicks and conversions can be tracked.

  • 2

    Word of mouth

    Word of mouth is when a consumers reflects their interest in a company’s product or service in their daily dialogues.

    Therefore, word of mouth advertising is essentially a free advertising triggered by the customers experience.

    According to Nielsen, 92% of people trust recommendations from friends and family.

    Therefore, in today’s hyper-connected world, a single recommendation through a word of mouth can have a huge impact to your business.

  • 3

    Social Media Advertising

    Social media advertising is the use of social media platforms to connect with your audience with the objective to build your brand, increase sales, and drive website traffic.

    According to Oberlo, approximately 48% of the global population use social media, and the number is ever-growing.

    Therefore, social media allows brands access to cost-effective advertising by enabling them to interact with a large audience.