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Jewelry IQ with Threefortytwo

613 members • Free

3 contributions to Jewelry IQ with Threefortytwo
Pricing by the pound
Trying to get comfortable at buying lots of jewelry from folks on FB. I typically request a pic of what the seller has, but struggle when they ask me how much I would pay them by the pound. Do you offer a flat rate to folks for their lots or do you truly get out the scale and weigh the goods? How do you arrive at your per lb price? What's a good average per lb for an assortment of modern and vintage? I want to be fair to a seller but want to be savvy too.
How Ive made my Whatnot business profitable in 6 months. (Buckle in, if you’re interested! This is a long one!)
I feel like I have had success in the 6 months that Ive been doing Whatnot as Virginiatreasurehunter. Some may disagree, but I am very happy with how my business has grown. Ive had people asking how I started and built things up and I thought I’d share if anyone is interested. Keep in mind this worked for me, it may not be the best way for you. -Consistancy. I tried a couple of different times and dates before I settle on Friday evening being my ‘set show’ day. I have a show every Friday, I have adjusted the times, but my shows are Friday evenings and I stick to it. Ive only cancelled one (I had the flu and wanted to die, so I thought $$$-It costs money to make money. I DID pay to promote for the first 3 months. The analytics showed I was getting sales from promotion, but more importantly I was getting bidders and return visitors who initially came in from promotion. $$$-MORE ‘It takes money to make money’. (This is the really unpopular one). I had $1 starts my first show, $3 starts after that, now I do all $4 starts. Yes I lost money on many items in the beginning. I sold many awesome pieces, many that I would guess Brad would get $30-$80 in his shows, for $3-$15. I knew I had to do this to build my business and considered it an acceptable loss. I congratulated my buyers (very upbeat and cheery, even when I was sad about it) and moved on to the next item. This has cost me the most money, and its been worth every penny. -KEEPING PEEPS IN THE ROOM. I did/do this several ways. I thought ‘People have so many rooms they can scroll through, how can I keep them in mine?’ My show thumbnail and title gave people a reason to stay. To start I gave a lot of jewelry away. - Plan your background thoughtfully. Give them something that takes time to look at. Brad uses a mirror and his zany personality along with the flats of amazing jewelry he’s selling. He’s shopping with a show, personified! However, for us mere mortals….. I now set up all ‘bangers’ in the background. Amazing higher end pieces I have preloaded, a few for auction, but mostly in the BIN. I do run flash sales during my shows on those pieces and I always make a nice profit on them. I could do a better job of featuring them during my shows..but that another topic, lol. By having those in the background there is always something really nice to look at, and if asked I tell people to look in the shop at the piece then I show the item up close and run the sale. I think people sometimes look and then research and come back because I am often asked to run a piece a second time, and then it sells, sometimes even a show or two later.
2 likes • May 28
This was incredibly helpful and inspiring. Truly grateful for your insight!
Purchasing from Estate tag sales
I'm comfortable shopping garage sales to source jewelry, but not well versed in etiquette for estate tag sales. For those of you with experience, are estate sale vendors likely to take an offer for a bulk amount of jewelry, or would they be offended or irritated by an offer like that on day one of a sale? Appreciate your feedback!
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Jayne Hildebrand
2
9points to level up
@jayne-hildebrand-3053
Semi retired, self proclaimed nerd that loves all things auction, junk shop and garage sale!

Active 8d ago
Joined Apr 7, 2026
Iowa
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