Reordering fast sellers (items that sell in under 180 days) and fast-fast sellers (items that sell in under 90 days) is a simple discipline that will dramatically increase your profitability as a jeweler. If one person liked a particular style of earring or bracelet, quite often someone else will like that style, too, so having another one on hand to sell again is critical to your business.   Some jewelers don't fully understand how the 'fast-seller' principle works, so I tell them this true story:   When I was running my retail jewelry store many years ago, I ordered five styles of pendants from a vendor. They were in a...
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