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David Geller: Maximize Your Custom Design Sales

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Many jewelers are leaving dollars on the table when it comes to custom-design sales. Here are 5 easy ways to increase your average ticket.

{loadposition davidgellerheader}

[dropcap cap=W]hen selling custom design, always steer away from comparing your design to something in the case or catalog. If a customer asks why it costs more (and yes, indeed, it does) than the ring in the case, let them know honestly why it costs more:[/dropcap]

[dropcap cap=A.] Showcase and catalog items are made by the hundreds, labor is less for mass-produced goods and nowadays most items are made in developing countries where labor is cheap;[/dropcap]
[dropcap cap=B.]The expertise of your jeweler has no comparison to the last production piece;[/dropcap]
[dropcap cap=C.]The infinite attention to detail is far superior in a handmade piece.[/dropcap]

Explain that the only way to get what you want is to have it handmade. It will be made the way “You want it.” Maybe even mention “You know, I think your design is prettier!”

[h4][b]Suggest enhancements that the customer would love forever:[/b][/h4]

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[dropcap cap=A.] 18K yellow gold over 14K has a richer, more royal color;[/dropcap]
[dropcap cap=B.] Platinum won’t tarnish or yellow;[/dropcap]
[dropcap cap=C.] Platinum will hold your stones more securely.[/dropcap]

Have some heads already set up with CZs in them (the heads are loose in small plastic boxes). When showing a wax model or a ring you’re going to copy, place these heads in with some clay to hold them in place. This way the customer can see what it will really look like. From a findings house, buy some 5-stone strips in white gold and set some 3-point or 5-point CZs in them. Laying out stones already set gives a much more true-to-life look of what the ring could be?

Finally when it comes down to money, mention this phrase that I used all the time, and it’s so true: “Six months from now you won’t even remember the extra money you spent, but if you don’t go ahead and get the ring you want now, you’ll be looking down at your hand every day wishing you had gotten what you really wanted.

David Geller is an author and consultant to jewelry-store owners on store management and profitability. E-mail him at [email protected].

[span class=note]This story is from the April 2009 edition of INSTORE[/span]

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Wilkerson Testimonials

Retirement Made Easy with Wilkerson

The store was a landmark in Topeka, Kansas, but after 80 years in business, it was time for Briman’s Leading Jewelers to close up shop. Third generation jeweler and owner Rob Briman says the decision wasn’t easy, but the sale that followed was — all thanks to Wilkerson. Briman had decided a year prior to the summer 2020 sale that he wanted to retire. With a pandemic in full force, he had plenty of questions and concerns. “We had no real way to know if we were going to be successful or have a failure on our hands,” says Briman. “We didn’t know what to expect.” But with Wilkerson in charge, the experience was “fantastic” and now there’s plenty of time for relaxing and enjoying a more secure retirement. “I would recommend Wilkerson to any retailer considering a going-out-of-business sale,” says Briman. “They’ll help you reach your financial goal. Our experience was a tremendous success.”

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David Geller

David Geller: Maximize Your Custom Design Sales

mm

Published

on

Many jewelers are leaving dollars on the table when it comes to custom-design sales. Here are 5 easy ways to increase your average ticket.

{loadposition davidgellerheader}

[dropcap cap=W]hen selling custom design, always steer away from comparing your design to something in the case or catalog. If a customer asks why it costs more (and yes, indeed, it does) than the ring in the case, let them know honestly why it costs more:[/dropcap]

[dropcap cap=A.] Showcase and catalog items are made by the hundreds, labor is less for mass-produced goods and nowadays most items are made in developing countries where labor is cheap;[/dropcap]
[dropcap cap=B.]The expertise of your jeweler has no comparison to the last production piece;[/dropcap]
[dropcap cap=C.]The infinite attention to detail is far superior in a handmade piece.[/dropcap]

Explain that the only way to get what you want is to have it handmade. It will be made the way “You want it.” Maybe even mention “You know, I think your design is prettier!”

Advertisement

[h4][b]Suggest enhancements that the customer would love forever:[/b][/h4]

[dropcap cap=A.] 18K yellow gold over 14K has a richer, more royal color;[/dropcap]
[dropcap cap=B.] Platinum won’t tarnish or yellow;[/dropcap]
[dropcap cap=C.] Platinum will hold your stones more securely.[/dropcap]

Have some heads already set up with CZs in them (the heads are loose in small plastic boxes). When showing a wax model or a ring you’re going to copy, place these heads in with some clay to hold them in place. This way the customer can see what it will really look like. From a findings house, buy some 5-stone strips in white gold and set some 3-point or 5-point CZs in them. Laying out stones already set gives a much more true-to-life look of what the ring could be?

Finally when it comes down to money, mention this phrase that I used all the time, and it’s so true: “Six months from now you won’t even remember the extra money you spent, but if you don’t go ahead and get the ring you want now, you’ll be looking down at your hand every day wishing you had gotten what you really wanted.

David Geller is an author and consultant to jewelry-store owners on store management and profitability. E-mail him at [email protected].

[span class=note]This story is from the April 2009 edition of INSTORE[/span]

Advertisement

Continue Reading
Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

Retirement Made Easy with Wilkerson

The store was a landmark in Topeka, Kansas, but after 80 years in business, it was time for Briman’s Leading Jewelers to close up shop. Third generation jeweler and owner Rob Briman says the decision wasn’t easy, but the sale that followed was — all thanks to Wilkerson. Briman had decided a year prior to the summer 2020 sale that he wanted to retire. With a pandemic in full force, he had plenty of questions and concerns. “We had no real way to know if we were going to be successful or have a failure on our hands,” says Briman. “We didn’t know what to expect.” But with Wilkerson in charge, the experience was “fantastic” and now there’s plenty of time for relaxing and enjoying a more secure retirement. “I would recommend Wilkerson to any retailer considering a going-out-of-business sale,” says Briman. “They’ll help you reach your financial goal. Our experience was a tremendous success.”

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