Jewellery and watch wholesaler with stock and showroom

Independent jewellers, boutiques, department-style gift shops and watch retailers who buy regularly for resale.

Margin between your bulk buying price and wholesale price, helped by repeat orders, seasonal ranges and faster delivery than overseas ordering.

• Buying and stock control
• Building retailer relationships
• Basic bookkeeping and credit control
• Knowledge of metals, stones and watch brands

• Stock is valuable, so check theft, fire and stock-in-transit insurance as well as public liability
• Check Australian Consumer Law rules on accurate descriptions of gold, silver, stones and watch authenticity
• Check import rules, duties, GST and any product safety standards for what you bring in
• Check GST registration once turnover reaches the threshold
• Unsold stock and late-paying customers can tie up cash, so start with a limited range
• Check your council's zoning and lease terms for storing and showing stock at the premises

Startup costs are typically estimated at around $20,000 to $60,000, depending on how deep a range you stock and the size of your unit or showroom. Starting with a limited range can help avoid tying up cash in unsold stock.

Check Australian Consumer Law rules on accurate descriptions of gold, silver, stones and watch authenticity. Also check import rules, duties, GST and product safety standards, theft, fire and stock-in-transit insurance, and council zoning and lease terms for storing and showing stock.

Monthly revenue is typically estimated at around $8,000 to $40,000, depending on your range, customers and how often retailers reorder. This is revenue, not profit. Expect at least around 25 hours a week for buying, selling and trade fairs.