Wholesale Magnetic Bracelet: A Good Business Idea?

Magnetic bracelets are becoming more and more popular. Every one is wearing them. From celebrities to children, magnetic bracelets are on everyone's wrists. With these jewelry items in such high demand it only makes sense to build a business buying and selling wholesale magnetic bracelets.

Learning To Buy Wholesale

The first thing you must be aware of is that there are stipulations as to how to purchase wholesale. If you do not have a resale license or vendor's license, many manufacturers will not allow you to buy from them. This license is not that expensive. In some areas it runs only $25.00 for the first time with a $10 renewal each year. Once you have obtained the license you can start finding your source for the wholesale jewelry.

There are times when you will be asked to make a minimum purchase for the first order. This can be as high as $500. It pays to shop around to determine if there are other companies which have a lower minimum order. You need to be careful though. Sometimes you may find a company which offers a low minimum, but the prices are so high you may as well order from the other company.

Many people make the mistake of only keystoning their product. This means they double the cost to arrive at a sale price. They forget there is shipping and other charges which occur with every order. It is advisable to determine what the actual price is by totaling up the entire cost of the order and dividing it by the number of items you purchased. This will give you a good indication of what each item really cost. Now you can double the price to determine your selling price. This way you will not lose any money.

Limits Of Advertising

The one important thing you must know when dealing with wholesale magnetic bracelets is there are certain things you are allowed to advertise and certain things you are not allowed to say. One of the most important issues is the regulations the Food and Drug Administration put out when it comes to advertising magnetic jewelry. You can no longer state any type of health benefits associated with the items. You can only describe what the item is. You can give detailed description. However, no reference to health benefits is allowed. This is something you must research before selling your bracelets on the open market.

There is a way to bypass the need for a health sales pitch. If you were offer the jewelry on a website you could set up a forum for your customers. This would allow them to interact with each other and discuss any benefits they feel are gained by using the jewelry.

Buying and selling wholesale magnetic bracelet can generate a good income. You will just have to research who you want to buy from and where you want to market them. When you use good judgment in advertising and reselling you can earn a substantial profit. A product that is in such demand as the magnetic bracelet can generate a great business venture.