The friendship bracelet is the most heartwarming piece of jewelry I have seen as a jewelry wholesaler. This jewelry is more inclined to the friendship of little girls, which is different from traditional women's jewelry. The unique feature of the friendship bracelet is that it has a wide variety of styles, a large number, and the color matching is also very eye-catching, and people who have time can DIY it by themselves. The above all reflects the difference between it and traditional women's jewelry.
Friendship bracelets first originated in Brazil, and most of them are woven with their favorite styles to give to each other. Now friendship bracelets have various types and prices and are slowly transitioning to the fusion with fashion jewelry.
How much does a friendship bracelet cost?
Generally speaking, the average price of a friendship bracelet can range from $3 to over $100, depending on the material from which the friendship bracelet make and which brand you choose to buy your friendship bracelet. Most handcrafted non-metal friendship bracelets are under $20.
How to Price a Friendship Bracelet
Pricing the product needs to consider the time cost, material cost, and whether there is a brand premium for only making a friendship bracelet. The most important thing is to evaluate market acceptance. If the market acceptance of the friendship bracelet is high, the price will be higher. The most crucial point is to customize a reasonable price according to the overall market price of the friendship bracelet.
Amazon is an excellent place to know market prices, from which you can search for 95% of the merchants' pricing.
By comparing styles and the materials you use, you can finally find your product price.
The most critical factor in determining the price
1. Pattern
I believe that style is the most important part, no matter what product. It determines how attractive it is to consumers.
A novel style is more attractive to customers and more profitable than a traditional style. Style is the selling point of a product. In addition to the style, you can also put more effort into the accessories and color matching of the friendship bracelet.
Recommend a niche brand, MISHKY, a Colombian brand, with a complete set of handmade, and the center of each item matches with a unique handmade silver ornament. At the same time, different words match with other colored beads for each series: ALWAYS; BETTER; LOVE, etc.
2. Unique craftsmanship
Unique craftsmanship is also a way to differentiate from popular styles and increase the price of a single product.
The Italian brand CRUCIANI has added lace craftsmanship to the design of friendship bracelets while considering the matching of colors, which has improved the grade of friendship bracelets a lot. This lace craftsmanship is more complicated than ordinary woven bracelets. It can show beautiful weaving patterns, which are especially suitable for summer wear when it comes through. Consumers will also attract by this unique craftsmanship and buy this product.
3. Product material
The texture of a product is a critical factor for consumers to consider after they get the product. To keep the price of customers rising, the selection of materials is also significant.
4. The owner's personal decision
When the above two conditions meet, the pricing of the friendship bracelet seems to be very simple because it is unique enough, so the price is high. Because many buyers are willing to pay to be different, you can also get more profit from it.
Can I make money selling friendship bracelets?
Looking at the entire market, the friendship bracelet itself is a product with a low unit price and low profit. It is difficult to obtain high yields from one or two orders unless you have a brand blessing. DIRO launched a 2022 new color friendship bracelet this year. I think it is average, but because of the power of its brand, its profits are pretty considerable.
Operating a product is a long-term thing; we have to constantly study the styles which are more in line with contemporary aesthetics and can meet the trend of fashion. To be more eye-catching, we need to add which unique craftsmanship highlights the difference between our products.
Always communicate with your suppliers and apply the popular materials on the market to your products.
The above mentioned are also LERINGS.COM operating methods used by our lerings products. The products are different, but the reason is figure out. Only in this way can we make our products go further.
Contact: Lee
Phone: 008615812571762
E-mail: le@lerings.com
Whatsapp:008615812571762
Add: 3F,#4 ShangXing Road, XingAn ChangAn Town, DongGuan,China
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