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Part 2
Start a Jewellery Sales Business
Given that Wal-Mart has a stranglehold on 5% of all jewellery
sales, and the four largest chains/retailers together hold
only 17%, is there a future in starting a home jewellery sales
business? The answer is a most emphatic, yes!
In a market where sales growth has slowed steadily over the
last four years, people are looking for the best buys
possible for those luxury items like watches, pins,
brooches, earrings, and necklace sets. Those can often be
had from a home jewellery business for several reasons.
Most jewellery business operated from home are sole
proprietorships, with one person the only "employee". When
your home is your office, there is no expensive overhead,
although you can make deductions on your income tax for
certain expenses. This allows entrepreneurs to buy higher
quality items that can be offered for lower prices than in
retail stores.
To start up a business on your own can be prohibitively
expensive if you must buy and keep on hand, a certain amount
of stock. Most home jewellery sales businesses are operated as
part of the network for established companies. This can be
in one of many forms, with individual consultants receiving
a given percentage commission on each item sold, with a
variety of incentive and bonus plans.
Products are displayed
and ordered by your customers at home showings or "parties",
where they are free to choose whatever attracts them from
your selection of samples and catalogues.
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