The future of the British jewellery retail trade is bright. Especially as leading brands such as Pandora are constantly innovating and capturing the hearts of the buying public. In fact, jewellery shops were among the leading lights of UK retail value growth in 2016. They had already climbed from a £5 billion turnover in 2008 to £7.3 billion just a few years later.
This makes the idea of starting your own business in jewellery retailing a glittering prospect - whether you are providing the convenience of buying items online, or the customer experience of browsing in a physical jewellery store.
Running a stand alone jewellery business (online or in store) is complex and problematic. Not least as it is a juggling act, anticipating fashion trends, having a reliable supply of cost-conscious items, and meeting the widely differing needs of fine jewellery and costume jewellery target markets. This whole process can be made a great deal easier with a jewellery franchise. It offers you the chance to be your own boss, but provides crucial support.
It simply involves one of the successful companies providing you with a proven business model. You also get established supply chains and invaluable branding and marketing value for your start-up business. Jewellery franchisers can also help you with business management – everything from insurance at preferential rates to training. It can even start with support in finding and securing the right premises.
Choosing the right franchise partner for your jewellery business is important, as it needs to match your interests and aspirations perfectly. Among the potential partners are work from home jewellery franchise businesses Stella & Dot and Silverdaze. Alternatively, Fingerprint Jewellery is a niche online franchiser.
Leading brand Pandora helps new store start-ups as a franchise operation, as does the Amazing Jewellery company.