Hand-made jewelry is the latest craze and there are many people who consider hand-made jewelry over machine-made ones. Due to the huge demand of hand-made jewelry, designing jewelry at home from scratch has become a popular hobby. While some people have turned jewelry designing into a side business, there are many who do it as a full-time job. Jewelry making is fun and if you spend 8-10 hours a day, you will easily be able to craft at least 10-15 pieces of jewelry depending on the level of expertise and skills you have. To cater to the needs of crafters and designers, many wholesalers have popped up online. They provide jewelry beads and everything that a designer needs to give their imagination wings.
But, is buying wholesale beads a good idea? Here's a look at some of the pros and cons of buying wholesale beads for jewelry making.
Quantity – when you buy wholesale beads for jewelry making online, you get beads in large quantities. Your local brick and mortar store may not give you the option to buy wholesale. Wholesale means you will have enough beads to work with and fulfil large orders. You will also have enough in case a few needs replacing.
Price – you can get great bargains with wholesale beads for jewelry making. Because a tier-based pricing system is used for wholesale items, the prices get lower when you buy more. This pricing system can be beneficial if you have a large jewelry making business. You can get the most out of the money you spend.
Profit – buying wholesale also means increased profit since you spend less on your initial supplies. Lower cost of beads can help you make more profits even if you consider reselling.
Quality – wholesale does not always equate to low quality products. You can even buy quality beads at low prices if you do your research. Wholesalers, who are trying to get rid of old stock, make space for new beads or those who have just started out as novices will offer good quality beads at wholesale prices.
Storage space – you will need sufficient space at home to store the beads if you buy in bulk. Wholesale beads for jewelry making are usually packed in boxes which can take up lots of space until you have used them. The beads may also go out of style and become outdated if you leave them unused for long periods of time.
Competitive pricing – when you search online, you will find that there is huge competition among the wholesalers. Their prices may differ slightly and so do the quality of the products. This can leave you confused as a buyer.
Capital – although you will be saving a lot, you will have to pay for the whole lot of wholesale beads at once. As a jewelry designer, you must have that kind of capital to invest. Sometimes, investing a lot on beads can leave you with little to invest on other supplies which can be a huge disadvantage. At the end, you will be left with lots of beads and limited supplies to craft your pieces.