Selling Jewelry Online vs In-Store: The Strategy Guide

3 minutes · WJewel jewelry software

The video version of our online vs in-store strategy guide: what each channel does well and where it costs you, comparing channels on what each sale contributes, why one inventory and one customer record beat choosing a channel, tactics for online, in-store and both, and reading the channel report honestly.

What the video covers

  • Online: reach and insight, against returns, trust, shipping and price comparison
  • In-store: try-on, higher tickets and repairs, against fixed costs and limited reach
  • Comparing a $1,200 online sale and a $4,000 bridal sale on contribution
  • One inventory, one customer record, one price and one set of books
  • Channel tactics, and crediting the website and the store fairly

Chapters

  1. 0:00 Buyers use both
  2. 0:16 Online: strengths and weaknesses
  3. 0:37 In-store: strengths and weaknesses
  4. 0:57 Run the numbers before you pick a lane
  5. 1:24 Why “which channel?” is outdated
  6. 1:43 Tactics that work in each channel
  7. 2:13 Read the channel report honestly
  8. 2:31 One business in WJewel
  9. 2:49 Contact us

Transcript

Read the full transcript

Buyers use both

Jewelry buyers no longer pick a channel: they research on a phone, try it on in the store, and buy a week later, sometimes from you. So the question isn't online or in-store. It's how to run both without them tripping over each other.

Online: strengths and weaknesses

Online, the website is open when you're not, reaches customers far beyond your town, shows what people looked at, and feeds the store. But returns run higher, trust is harder at $4,000, every order needs insured shipping, and price comparison is one tab away.

In-store: strengths and weaknesses

In the store, try-on closes sales a photo never will, bridal and custom raise the ticket, repairs bring people in, and relationships come back. But rent, staff and hours are fixed, reach ends at driving distance, and the store is closed when buyers do their research.

Run the numbers before you pick a lane

Compare the channels on what each sale contributes, not on revenue. A $1,200 piece online earns $600 gross, minus processing, insured shipping, the ad that earned the click, and the one order in five that comes back. A $4,000 bridal ticket may not sell online at all, while in the store it usually does, and starts a relationship.

Why “which channel?” is outdated

The stores doing well don't choose: they run both, and let the customer decide where to finish. That takes one inventory, one customer record, one set of prices and one set of books. A ring sold at 2 p.m. and still online at 2:05 isn't omnichannel.

Tactics that work in each channel

Online: photograph every piece from several angles, put the resizing policy on the product page, offer financing at checkout, and reply fast in the evenings. In the store: book appointments, especially for bridal, treat every repair as a lead, and run events for your best customers. And in both: the same price everywhere, the same story, and a wish list that follows the customer.

Read the channel report honestly

Finally, read the channel report honestly. Many counter sales started on the website, and the store's reputation is what made the online buyer trust you. So look at the customer level: who bought online first and then in the store, and the reverse.

One business in WJewel

In WJewel, the website syncs with the same inventory, whether it's Shopify, WooCommerce or custom built, each customer has one history, online or in the store, and their wish lists and quotes go with them.

Contact us

You'll find the full guide on the WJewel blog. WJewel is fully web-based, and runs on PCs, Macs, tablets and phones. To learn more, visit www.wjewel.com, or call us at (646) 578-8300.

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