While not in the same league as real estate, stocks, or bonds, jewelry can also be an investment. Whether you are selling unwanted jewelry or being serious about buying new jewelry that you will sell at a higher price later on, here are some of the places where you can get the most money out of your jewelry:
Places where you will get true value for your jewelry
Few of the places are given below that you should make it your destination if you want to get right value for your jewelry. A lot many people visit these places in this regard.
1. Pawnshop
If you have an immediate need for money, and you’re not looking at permanently parting ways with your jewelry, then you may consider pawning it. Working with a jewelry pawn shop will allow you to leverage the value of your jewelry to get a decent amount of cash that you can use for immediate needs. Then, once you have excess money, you can get your jewelry back.
Some pawnshops do purchase jewelry from willing sellers. So if you are looking at selling your jewelry, you may consider pawnshops as well.
2. Social Media
You can consider selling to your social media connections, as well as the expanded network that you and your friends have on different social media platforms. By coming up with a post, or setting up a social media-based shop, you have the flexibility that works with what type of jewelry selling you’re planning to engage in – whether one-off or full-fledged jewelry business.
Facebook and Instagram are well known to be used by both one-time sellers and full-time businesses not only for social media marketing but as a selling platform as they have features that are designed for online selling while at the same time allowing for smooth integration for dedicated selling platforms.
3. Online marketplaces and classified ads
Online marketplaces such as eBay allow sellers to access a large pool of audiences that can be transformed into prospective buyers. You will also be able to see how many similar products are being sold for, so you have an idea at what price your jewelry would likely be competitive.
Classified ads sites such as Craigslist also allow you to find prospective buyers, especially those looking for specific products. By creating an ad for jewelry that you want to sell, you will be reached by people looking for jewelry and related products. This helps you see prospective buyers who are most likely to buy your products than blindly selling to everyone.
4. Local jeweler
You should consider selling your jewelry to a local jewelry shop. They would know more about the actual value of your jewelry and can offer you a competitive price when buying it from you. The expertise of a local jewelry shop takes into consideration the likely demand for it when the local jeweler sets it up for re-sale.
Your local jeweler would most likely want to build trust with you so that you may come back for repeat business – either as a repeat seller or a buyer this time around. With that in mind, your local jeweler is less likely to rip you off.
You should plan on building a jewelry business. Your local jeweler can also be your supplier, so making a great relationship with your local jeweler can bring a lot of benefits for you.
Find the right way to sell your jewelry.
There are many different ways to make money out of jewelry. Depending on whether you want to sell your old jewelry or if you’re going to set up a full-blown jewelry business, many channels can help you sell your jewelry for the right price. Some options are available if you’re going to only temporarily part ways with your jewelry, so you can repurchase them if you want to. So check the different selling options out there, and choose which one works for you best.
