Now-a-days; opening a new or starting a new branch of the jewellery business has become much easier than before. But for that, it is important to accept the following basic things.
Yes! There are!! But for this, the traditional working practices of the jewellery shop should be changed.
Yes! Can be avoided!! In the jewelery business, the number of works done at the end of the day are much higher than other businesses.
In the jewellery business, it is very important to deliever the jewellry to the customer at the said time, as per promised quality and in the estimated budget, by doing time to time followups. This helps to strengthen the customer's confidence in you.
In the jewellery business, a large part of the sale depends on the exchange sale - 'Saling new jewelry in return of old gold'. To find out the profitability of such old gold transactions, it is necessary to do the following four things.
Actually this is natural in jewellry business. Because in the jewellery business customer needs more attention. Therefore, it is not easily possible to give regular importance to accounting in day-to-day activities.
Gold, silver, platinum metal (raw material), small delicate ornaments, colour stones, loose diamonds (different types of variety and price), gift articles..., such stock means 'Small in size but big in price!'
It's true that, due to small and complicated transactions in the jewellery business, it is difficult to determine the profits in this business!
In this competitive era, in order to retain the existing customer of your jewelry shop, there is a need to strengthen the relationship with customers. And to do so; the following four methods can be adopted.