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Tips for starting up your own bead business

Tips for starting up your own bead business
Starting up your own company can be difficult, but with hard work it’s achievable. If you’re looking to sell at your local craft fairs, Etsy, or even set up your own website the advice is similar. In this post, we’re going to share useful tips for starting up your own online bead store. We hope you find this helpful and wish you every success with setting up your own online bead store.

Buy beads wholesale online

Buying beads in bulk can later save on costs, and if you’re looking to make items with these beads such as bracelets and magnets or to sell them within your own shop, purchasing a large amount up front will make the cost of purchasing them cheaper than buying an individual bead. Bulk purchases of beads will also easily help you maintain production of your products and save you waiting for that next delivery of beads to meet your next order, as customers will be waiting. To get a wholesale discount you do need to pick up larger quantities, and then to make money on these you can sell them on yourself at a higher cost or create items with the beads. Here at silicone bead supplies, we offer automatic bulk discounts, the bigger your order- the bigger discount!

Work out what makes you stand out

If you’re looking to create a new product, find out about current crazes or even try to create your own; doing something like this can easily boost you to the top. Thinking of out of the box ideas can be a fantastic way to give you an edge and draw customers to your business. Find complimentary colours to help attract customers, colour themes are a fantastic way to help people find interest in what you sell.

Work out a pricing strategy

Once you are ready to start purchasing your beads, you need to work out how much to sell each unit for and how many you’d need to sell to make a profit. Your profit will help you achieve and see your hard work, as well as keep the business up and running. Find what kind of beads you want to sell, and compare it to existing businesses to see what it is that makes you stand out against the crowd. Once you establish what makes your bead store attractive to an audience, you will find it easy to express what makes your bead store different.

Run your own events

Sales and discounts are attractive to customers and it’s a great way to promote your beads if they are discounted. If you’re looking to discontinue an item at the end of the season or want to create a discount for loyal customers, promote these on social media can help gain more interest. A last chance opportunity to get a type of bead will encourage customers. Getting customers to your site can be easier than retaining them, so you need to excite customers and make them feel welcome to purchase from your store again.

These are our top tips for starting up your own bead business. If you’d like any more information, please feel free to get in touch with us.

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