The United Nations Population Fund's (UNFPA) Assistant Representative in Nigeria, Osaretin Adonri, has said the Nigerian population figures are speculative, projected and not accurate. The country is long overdue for a census, which would dismiss the catalogue of speculative population figures. The 2006 population census conducted puts Nigeria’s population at 140,003,542 while the National Bureau of Statistics (NBS) 2012 data estimated Nigeria’s population to be 166.2 million. “Nigeria needs a census for population accuracy and effective planning,” Adonri said. According to the UNFPA 2019 State of the World Population report, Nigeria’s population has increased to 201 million, having grown at average rate of 2.6 per cent from 2010 to 2019. Credit: Financial Nigeria
Have you thought about having an online jewelry store?
jewelry has traditionally been an offline market but in the recent, jewelry marketplaces are shifting online.
Jewelry business is a very lucrative one in Nigeria and a perfect economy side gig for the working class people, students, stay home mom and so on.
Deventure Magazine had a chat with Miss Lydia, a 200 level university students and she reveals she makes N20,000 weekly selling jewelries online.
According to her, jewelry has grades and she sells the cheap ones (both male and female jewelries) displaying them on her whatsapp status and instagram platform and makes good money from it. She is currently working on a jewelry website.
Imagine how much she would make when she fully completes her jewelry website that will enable her display more products and reach more audience.
You can do it too and make even more money.
Here are some tips to begin online Jewelry business.
1. Get permissions and Licenses
People are afraid of buying goods, especially jewelries online because of counterfeiting. you need to assure your buyers by getting necessary standardized certificate guarantee.You will be dealing with a large amount of transactions and expensive goods, customers need to be assured of the safety of what they are buying; being an expensive good.
2. Know what you are about to do and plan out
Businesses, whether small or big can not survive without planning. you need the right amount of business acumen to make profit on your jewelries.create a business plan for yourself, plan out the system of sales and work on marketing.
3. Build a good website for yourself
Have an inviting website to draw customers. your website should not be dry and dull rather sparkling and glittering to invoke buyers interest.Remember, your website is your office, so give it a good touch. Have creative designers work on your website
Also, use social media to connect with your audience through online sites.
4. Get good and clear photos of your jewelries
Your Jewelry photos on display need to be closeups and definitely clear ones as these photos are the ones to draw customers to your products. maintain a continuous style when posting pictures to maintain uniformity.Note that the same jewelries that you post picture of must be available for sale, and if they are not, ensure you mention it in a disclaimer on your page.
5.Open a line for interaction with customers.
Be accessible to customers requirements and speak to them frequently.Customer service is an important part of growing and establishing yourself.
6. Work on Search Engine Optimization (SEO)
Customize your website to make it appear at the top of related search results when people search using search engines.Opening an online jewelry store is not difficult at all because it cut costs and other expenses involved in real life store. it only requires a considerable level of online marketing and market presence.
work with people who are good with the internet and can contribute creatively to your business.
we'll be sharing tips on how to source for good jewelries for resale in future write-ups.
stay in touch.
we'd like to hear from you.
Kindly drop your comment below.
Yes, jewelry business is profitable but my customers buy on credit and even delay in paying their debt. I have been selling offline though, I'll try this online thing maybe it will work for me.
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