Used Jewelry Sales business.
Business Overview
Purchasing secondhand jewelry and reselling the jewelry for a profit can be a lucrative business. Getting started in this type of retail or resale business is easy. Simply purchase secondhand jewelry from newspaper classified ads that appears to be distress sales. The jewelry can then be resold to individuals that are seeking a particular piece of jewelry such as wedding bands, engagement rings, or for any special occasion as a gift. The one main requirement to make this business work is to have experience in jewelry in terms of value, quality, condition, and overall industry expertise. Maintaining yearly sales of $150,000 and a 100 percent profit margin will result in pretax and expenses earnings of $75,000 per year.
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