1. Decide what you want to sell.
For most people, it means digging in that old jewelry box. For me, it’s definitely that ugly pair of earrings that Grandma gave me for Christmas last year.
If you want to break into something new, you can buy quality jewelry for a low price then sell it for a profit.
If this is something you are interested in, We suggest you give us a call and partner up with us.
2. Follow price trends.
Most crucial yet often forgotten step by consumers. After deciding what type of jewelry you will sell , you may need to follow the price of your desired precious metal, such as gold or silver on a daily basis. This will allow you to understand how the prices of these materials fluctuate.
3. Decide how much money you need to make.
We all want to make it big but that will only work if you buy your weight in gold. Not assuming a plane crashed into your house or you have a billion dollars in medical expenses to pay. I suggest being reasonable. If you need $500 or a $1000 in cash right away, cashing in your jewelry investment can be a very wise choice.
Whenever the prices of jewelry fall, you need to buy quickly before the prices start going up again. If you are dealing only in gold jewelry, you might need to spend a lot of time looking for the best offers, but it’s not impossible to find overlooked gold jewelry that is being sold for prices that fall well below the melt value of gold.
If I could offer you just one piece of advice when it comes to selling anything, it would be to stay the heck away from fake items! Brand-name jewelry items by the likes of Tiffany and Co., Bvlgari and Gucci are all victims of counterfeiters who produce thousands of copies annually.
The key to making money from jewelry is to buy low and sell high. The whole point is to make money. So, try to find the best deals you can get, and when it’s time to sell, we will be right here waiting for you.