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3 Tips to Capitalize on Engagement and Wedding Ring Shoppers

Follow up with customers who meet certain criteria.

Published

1 year ago

March 24, 2023

Peter Hannes Instore April 2023 Issue

2022 WAS A record setting year for couples, with 2.6 million weddings in the U.S. 2023 is projected to dip slightly to 2.2 million weddings, which means we are all going to have to be at our best to sell as many wedding bands as possible. A stat that I also have always found amazing is that only 60 percent of customers buy their wedding bands from the same jeweler where they purchased their engagement ring. 100 percent is not realistically attainable, but it should be our goal. At the very least, we should focus on what is in our control. As we head into bridal season, here are some key ideas to keep us on our A game.

1. Reach out to every customer that bought an engagement ring in 2021 and 2022. It’s up to you and your sales manager to be able to pull up this kind of list almost instantly.

Reach out to see if they’ve sent a date (hint: Google them, and you can find a lot of dates on couples on The Knot) and remember that anything inside of a year is “coming up soon” and they should set an appointment to look at wedding bands.

2. Contact anyone that is in your lead list but hasn’t purchased an engagement ring yet. This works two ways. Either they have their engagement ring and this is your chance to be the 40 percent that buy their wedding bands elsewhere, or they haven’t found an engagement ring yet, and as they see their friends and family getting married this time of year, that pressure only intensifies.

3. In addition to it being peak wedding season, it is also peak anniversary season. Not only should you be prospecting your brides-to-be, you should be prospecting those celebrating anniversaries. It’s easy to forget about our couples once the bands are purchased, but I would argue that a couple is not a client until their first non-wedding purchase.

As we reach out, there’s one thing I encourage us all to keep in mind: These couples are busy, and most are tired of planning. I’m getting married in May, and the thought of seeing one more wedding vendor gives me a migraine. The thing is, we’re not just one more wedding vendor. Technically, we’re the first; it started with the engagement ring. We’re also the most important (with the possible exception of her wedding dress). The food and drink will be gone, music will end, and you have to leave at the end of the night. Our rings are forever. We owe it to our couples to put into context how important they are.

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”