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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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SPONSORED VIDEO

Wilkerson Testimonials | Zadok Master Jewelers

Stick to the Program — And Watch Your Sales Grow

When Zadok Master Jewelers in Houston, Texas, decided to move to a new location (they’d been in the same one for the 45 years they’d been in business), they called Wilkerson to run a moving sale. The results, says seventh-generation jeweler Jonathan Zadok, were “off the charts” in terms of traffic and sales. Why? They took Wilkerson’s advice and stuck to the company’s marketing program, which included sign twirlers — something Jonathan Zadok had never used before. He says a number of very wealthy customers came in because of them. “They said, ‘I loved your sign twirlers and here’s my credit card for $20,000.’ There’s no way we could have done that on our own,” says Zadok. “Without Wilkerson, the sale never, ever would have come close to what it did.”

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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

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials | Zadok Master Jewelers

Stick to the Program — And Watch Your Sales Grow

When Zadok Master Jewelers in Houston, Texas, decided to move to a new location (they’d been in the same one for the 45 years they’d been in business), they called Wilkerson to run a moving sale. The results, says seventh-generation jeweler Jonathan Zadok, were “off the charts” in terms of traffic and sales. Why? They took Wilkerson’s advice and stuck to the company’s marketing program, which included sign twirlers — something Jonathan Zadok had never used before. He says a number of very wealthy customers came in because of them. “They said, ‘I loved your sign twirlers and here’s my credit card for $20,000.’ There’s no way we could have done that on our own,” says Zadok. “Without Wilkerson, the sale never, ever would have come close to what it did.”

Promoted Headlines

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