Category: Buying Cheap

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Types of jewelry you in closeout lots

Previously we talked about what closeout costume jewelry is and where it’s sourced. Now let’s talk about the type of jewelry found in these lots.

I know many of you are excited about this post. Who doesn’t like a big mystery being unwrapped, right? So let’s dive into it.

Types of Jewelry

  1. Tangled
  2. Repeats
  3. Broken
  4. Uniques
  5. Sets
  6. High-end

Tangled

Yes, this is one of the curses of the closeout costume jewelry. It may not be for the faint of hearts. Some boxes practically come in one ball of mess. But don’t be disheartened, this is how a lot of people make money. They put the effort to detangle and voila your profitable lot is ready to be sold on eBay.

Junk Jewelry lot

Repeats

Because of overproduction, it’s likely that some merchants closeouts just one SKU. But don’t worry, we don’t sell you 100 pallets of just one bracelet. For us, it’s an opportunity to mix and match. So your lots will be customized, per your desire.

Broken

The delivery guy doesn’t care about the fragile sticker, so things generally get broken. However, with closeout costume jewelry there are a few percent higher chances of broken jewelry. First, because vendors don’t pack them well, second, jewelry is fragile. So you want to expect some broken pieces.

However, again this is an opportunity for buyers. Jewelry usually come in pairs, so if two pairs have one item broken, you will still get one set.

Uniques

I must say, I have found jewelry that has been worth over 100 dollars while it cost me less than a dollar. So you can find some unique pieces. Be on the lookout for these. This is why it’s very important to sort your jewelry carefully.

Sets

Sets are great and easy to make. But you must hunt for the pairs when you have the opportunity. That’s when you just start unpacking. It’s easy to lose or dismiss a single piece of jewelry as “cheap” or even “useless”, but in pairs, they are worth more.

Usually, you will find good sets often. Obviously, it all depends on the box, but I have seen sets in almost every lot. Sets make good auction items. Save them for eBay or similar auction sites.

High-end

Congratulations you have made it to the end. Your reading must be rewarded with another secret. Well, we can’t spell the whole secrete though. The brands can not be named. But you should feel optimistic they are there. In the jewelry by the pound, you will find some well-known brands. Just like every other company, big brands also overproduce.

Now that you know what kind of jewelry you will find in Closeout costume jewelry lots, let’s learn how to sell it.

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Cheap wholesale jewelry

How do you buy cheap wholesale jewelry?  I know most of the online eBay, Etsy, or Amazon sellers will not tell you their secrets. But since we are in the business of providing you with cheaper than wholesale jewelry, we will let you in on the secrets.

Look!

You can buy jewelry directly from China. It would be the simplest way to get cheaper than wholesale prices. Of course, that’s

Jewelry manufacturing in China. Image credit 

what the wholesalers do. It is a choice for you, but don’t rush into it. There are a lot of problems with dealing with China.

First, you would need to buy in bulk. If you don’t buy in bulk prices will be too high. Second, a lot of honest, hard-working folks have been ripped off by some Chinese companies. So you have to overcome the trust issue and build relationships slowly.

The secrets to buying cheap wholesale jewelry

Here’s the scoop: every year, there is a surplus of jewelry due to overproduction, companies going out of business, and customer returns. This merchandise then gets unloaded in bulk by retailers at cost-price. Companies like ours buy this merchandise at a discount. Hence, we are able to offer you these pieces for almost 75% less than wholesalers would charge – now that’s what I call an amazing deal!

To make this specific,  there are three types of closeouts:

  • Department store closeout
  • Manufacturer closeout
  • Wholesaler closeout

Department store closeout

Yes, the big “W”,  the “M”, and the “T” of department stores sell closeout.  A few companies have exclusive deals with some of them,  so they buy it in bulk, and again, then it is sold on websites like ours. The good news for folks like you is that this closeout is usually repairable when it’s not brand new. So you can sell them on eBay or your store for really good prices.

In addition to buying jewelry directly from us, you can also source them through various auction sites such as liquidation.com. However, much of the inventory on these platforms is supplied by closeout companies like ours, so you might want to short-circuit the route and buy direct.

Manufacturer closeout

It is really common sense. Manufacturers have to overproduce. Knowing exactly what the market needs is not a perfect science. Obviously, these companies try their best to produce the exact amount, but overproduction happens a lot. So big manufacturers accept it, as part of their business. They have processes to sell these goods at cost.

Well!

That is how a lot of closeout companies get their goods. Directly from these major manufacturers.

Wholesaler closeout

Wholesalers buy from manufacturers and sell to stores directly. As mentioned above, some of these stores close-out their jewelry, but most of the closeouts come directly from a wholesaler who is stuck with merchandise that stores cannot buy. This could be for several reasons:

  • Business might be bad
  • Seasonal changes
  • Fashion trend fluctuations

Regardless, wholesalers cannot sit on jewelry for a long time. They have to make space for new fashion jewelry, so it is to their benefit to sell the jewelry their customers cannot buy quickly.

Next, let’s talk about the types of jewelry you will find in the closeout lots.