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YRC How to start an Online Jewellery Business

As an entrepreneur, you are not required to do this all alone but can partner with experienced management consulting firms likeu00a0YRCu00a0that comes withu00a0jewelry consultingu00a0expertise and knowledge.

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YRC How to start an Online Jewellery Business

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  1. How to start an Online Jewellery Business? INDEX

  2. TABLE OF CONTENTS 01 02 INTRODUCTION ANTICIPATING DEMAND 03 04 COMPETITOR ANALYSIS FINANCIAL FEASIBILITY 05 CONCLUSION

  3. 01 INTRODUCTION INDEX

  4. INTRODUCTION Wearing jewellery is no longer restricted to women alone. Currently, jewellery and accessories make up to 29% of the global internet purchases, according to stats. INDEX

  5. ONLINE NICHES, STATS, & STEPS EVERY ENTREPRENEUR MUST KNOW !!! Global online jewellery sales are going to reach a market value of $340 billion by 2023. Reach to incredible $645 billion by 2035.  These figures are encouraging many wannabe entrepreneurs. Venturing into the business without adequate knowledge and planning is a recipe for disaster. INDEX

  6. 02 ANTICIPATING DEMAND INDEX

  7. ANTICIPATING DEMAND When it comes to jewellery there are many micro-niches within the jewellery business. There are gold, imitation, antiques, and many other kinds of jewelry.  As an entrepreneur, one needs to decide on what is the best product, providing the best ROI. INDEX

  8. AMAZON & GOOGLE Google and amazon are hugely influential when it comes to the e-commerce business. Google Trends, which can give you accurate data on popular keywords  The next tool is made for amazon and is called Keyword Tool Dominator (KTD), and it is able to provide accurate data on demand for a product country wise. INDEX

  9. 03 COMPETITOR ANALYSIS INDEX

  10. COMPETITOR ANALYSIS Many of the online businesses that shut shop immediately after their launch, in most cases are unable to foresee the competition in the market. Competitor analysis, you can easily get information on the competition with available online tools.  These tools help you to know about your competitor’s well INDEX 10

  11. 04 FINANCIAL FEASIBILITY INDEX

  12. FINANCIAL FEASIBILITY While launching an online business, one needs to be mindful of recurring expenses and one of the most fundamental recurring expenses in online business is digital marketing.   Unless an e-commerce brand is able to assert its online visibility through digital marketing, the chances of the business succeeding are extremely remote. INDEX

  13. 05 CONCLUSION INDEX

  14. CONCLUSION The entrepreneur must now focus on creating a business plan that should include – potential revenue, projected sales (next 3 years), margins, operating cost, ROI, tax implications, gross & net profit and breakeven sales.  As an entrepreneur, you are not required to do this all alone but can partner with experienced management consulting firms like YRC that comes with jewelry consulting expertise and knowledge. INDEX

  15. FOR MORE DETAILS • To know more about "Online Jewellery Business", visit: • https://www.yourretailcoach.in/how-to-start-an-online-jewellery-business/ • For India & South Asia: https://www.yourretailcoach.in/ • For Dubai & Middle East: https://www.yourretailcoach.ae/ • For Africa: https://www.yourretailcoach.africa/ • Business Process Xperts: https://www.businessprocessxperts.com/ INDEX

  16. THANKS! • Do you have any questions? • Your Retail Coach • Email:consult@mindamend.net

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