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Selling Design : Tara Mikolay

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Selling Design : Tara Mikolay

BY INSTORE TEAM

Selling Design : Tara Mikolay

Published in the March-April2012 issue

As a retailer, as much as I love carrying designer jewelry, it’s not always easy because it often has to be “sold” to the customer. Why? What makes designer jewelry harder to sell than more traditional jewelry? My husband and I recently launched our own designer line, so I thought about these questions long and hard.

I believe that the two most important things a jewelry line needs in order to be successful are a story and the marketing materials to go along with it.

The story is crucial because it is the primary ingredient in “romancing the sale.” When my husband and I designed our line, we wanted to go back to a time when a piece of jewelry was worked on for months, when quality was never compromised and the end result was a work of art.

We were inspired by the English Renaissance and decided to design separate collections based on each of the wives of King Henry VIII, all of whom were fascinating icons with a distinct sense of style. This makes selling the line very easy as a retailer. We often have customers try on a ring and comment how it looks like an estate piece. This gives the salesperson a natural introduction into what the designer was inspired by, how the piece was designed, and why certain materials were used. All of this dialogue instills the value in the piece, leaving the customer with a full understanding of the asking price.

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Secondly, as a retailer, it’s incredibly important for brand awareness and sales longevity that each designer provide you with top-notch marketing materials. You have to build interest in the line by brand promotion using high quality images, catalogs, training materials for staff, and customer handouts. Having these items at your staff’s disposal will allow them to reach out to customers with images of items that will complement their most recent purchases.

Tara Mikolay, Owner, Desires By Mikolay and Scott Mikolay Jewelry Design (Chappaqua, NY)


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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.”

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Selling Design : Tara Mikolay

mm

Published

on

Selling Design : Tara Mikolay

BY INSTORE TEAM

Selling Design : Tara Mikolay

Published in the March-April2012 issue

As a retailer, as much as I love carrying designer jewelry, it’s not always easy because it often has to be “sold” to the customer. Why? What makes designer jewelry harder to sell than more traditional jewelry? My husband and I recently launched our own designer line, so I thought about these questions long and hard.

I believe that the two most important things a jewelry line needs in order to be successful are a story and the marketing materials to go along with it.

The story is crucial because it is the primary ingredient in “romancing the sale.” When my husband and I designed our line, we wanted to go back to a time when a piece of jewelry was worked on for months, when quality was never compromised and the end result was a work of art.

Advertisement

We were inspired by the English Renaissance and decided to design separate collections based on each of the wives of King Henry VIII, all of whom were fascinating icons with a distinct sense of style. This makes selling the line very easy as a retailer. We often have customers try on a ring and comment how it looks like an estate piece. This gives the salesperson a natural introduction into what the designer was inspired by, how the piece was designed, and why certain materials were used. All of this dialogue instills the value in the piece, leaving the customer with a full understanding of the asking price.

Secondly, as a retailer, it’s incredibly important for brand awareness and sales longevity that each designer provide you with top-notch marketing materials. You have to build interest in the line by brand promotion using high quality images, catalogs, training materials for staff, and customer handouts. Having these items at your staff’s disposal will allow them to reach out to customers with images of items that will complement their most recent purchases.

Tara Mikolay, Owner, Desires By Mikolay and Scott Mikolay Jewelry Design (Chappaqua, NY)


{JFBCLike}

{JFBCComments} 

Advertisement

Advertisement

SPONSORED VIDEO

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.”

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