Categories: Dave Richardson

Sales Truths: People Don’t Buy Jewelry. They Buy What Jewelry Will Do For Them

PEOPLE DON’T BUY JEWELRY. THEY BUY WHAT JEWELRY WILL DO FOR THEM. 
 
WHY IT’S TRUE: A man buying a diamond engagement ring isn’t buying a ring. Rather, the moment when he is on his knee proposing marriage. The customer buying an expensive gold watch is not really buying a timepiece. Rather, he’s buying higher status and a better image.  
 
PLAN OF ACTION: Stop selling diamonds and jewelry. Instead, start thinking about helping your customer reach a particular objective in life. Ask questions that clue you into their “wants.” The customer may tell you he needs an anniversary gift but, what he really wants is to surprise her with something very special. If the customer isn’t forthcoming, don’t be afraid to be direct and say “So what’s your goal here with this purchase?” Even the customer who is price shopping has a gut-level want. Your job is to figure out what it is.

Dave Richardson

David Richardson is a certified professional speaker and a consultant to retail jewelers and manufacturers worldwide helping them grow their diamond bridal engagement business.

Share
Published by
Dave Richardson

Recent Posts

2024 Met Gala’s Dreamy Garden Theme Brought Out Diamonds Galore

The first Monday of May brought out the A-listers as they celebrated fashion’s biggest night.

8 hours ago

Register Now for Shop! MasterClass: ‘Strategic Retail Innovation’ with Angela Gearhart

She'll share a step-by-step approach to solving the customer journey challenge.

13 hours ago

M.S. Rau Opens Inaugural Seasonal Gallery in Historic Building in Aspen, Colorado

112-year-old New Orleans institution unveils first-ever seasonal pop-up offering stunning, historic art, jewelry & antiques.

14 hours ago

Helping Retailers Sell More Wedding Band and Balance The Art of Carrying Multiple Brands

Discover actionable strategies to differentiate your jewelry retail business and boost sales with The Plumb…

14 hours ago

Here’s What the Brain Squad Wishing They Had Spent More Time On Five Years Ago

Many said family, travel and time off, but some wished they’d spent more time on…

14 hours ago

Affordable Gems: The Affordable Color Solution

Affordable Gems’ Presidents Vishnu and Vishal Batwara can help you sell more color!

14 hours ago

This website uses cookies.