Mayfair is the perfect place for a luxury jewellery brand. If you’re dreaming of becoming a luxury jewellery entrepreneur, you should take a look at these three tips on how to get started in the best way possible.
There is a giant jewellery industry with lots of potential revenue out there – but it’s also an industry with more competition than you would probably imagine. This is why you need to be on your toes from the beginning if you want to make it in this industry. Everything should be of the highest standard right from the get-go – from your jewellery to your brand, and your promotion strategy. Do you dream of running your own luxury jewellery business with a store in the busy streets of Mayfair? Then you should start by checking out this article.
The main focus of your business is obviously the jewellery. So before doing anything else, you need to figure out which kind of jewellery you’re going to sell. What’s your expertise and your passion? What’s your price point and where are you going to get your jewellery manufactured? All these considerations will make it clear what kind of luxury jewellery business you’re going to have and who your target audience is going to be. By defining your audience you will be able to better define your product.
Next, you need to start building your brand. What’s your story and how are you going to tell it? What’s your visual identity? The story and vibe of a business have a significant impact on how your brand is going to be perceived and therefore on the success of your business. This is also the step where you figure out what your name is going to be.
In the luxury jewellery- and fashion industries names mean a lot. In these industries, your success is directly connected to the prestige associated with your name. This is why you need the perfect name for your business from the start. To get some inspiration, you can use an online name generator. All you have to do is type in some keywords and you’ll get a bunch of suggestions for a luxury business name with BNG.
There is no way to overestimate the importance of promoting your business online. This is something you should prioritise from the start. Your digital presence is at the heart of your marketing strategy and it will have everything to say. There are many ways to promote your business online but of course, social media platforms should be a top priority.
Social media platforms give you some unique opportunities to reach and connect with your target audience. The engagement with your customers that social media platforms offer is an unprecedented opportunity that you should make the most of. This is also where you can build trust and prestige by making collaborations with the right influencers and businesses. This networking will make it much easier for you to break the luxury jewellery market.