Jewellery buying groups, such as the Showcase Jewellers Buying Group, provide a range of financial benefits to their membership, to maximise their savings and expand their inventory.
What are Jewellery Buying Groups?
A jewellery buying group is an organisation that provides independent jewellers with the collective buying power needed to secure better prices, terms & conditions from suppliers, which would otherwise be unattainable individually. These groups offer a range of business services and solutions to enhance the operations of their members, who are typically small to medium-sized jewellery businesses.
Do You Receive Discounts on Jewellery?
One of the primary benefits of joining the Showcase Jewellers Buying Group is the access to generous supplier discounts. Members receive significant price reductions on a wide range of jewellery products, allowing them to purchase high-quality items at lower costs. These discounts are negotiated by the group on behalf of its members, leveraging their collective buying power to secure the best possible deals.
As well as the discounts on jewellery, Showcase members also receive:
Access to Preferred Local and International Suppliers
Members of the Showcase Jewellers Buying Group have access to an extensive list of preferred suppliers, both local and international. This ensures a wide variety of jewellery options at discounted prices. The group’s strong relationships with these suppliers mean that members can consistently source high-quality products that meet their customers’ needs while benefiting from cost savings.
Profit Returns to Members at the End of Each Financial Year
One of the significant financial advantages of joining the Showcase Jewellers Buying Group is the profit return to members at the end of each financial year. As the group is owned by its members, profits generated by the group’s activities are distributed back to them. These profit returns can be reinvested into purchasing new jewellery stock, enhancing inventory, and ultimately boosting sales and profitability.
30% Discount on Tax, Superannuation, and Financial Services Advice
In the first year of membership, members benefit from a 30% discount on tax, superannuation, and financial services advice. This substantial discount helps reduce operating costs and frees up more budget for jewellery purchases. After the first year, members continue to receive ongoing fee discounts ranging from 15% to 30%, ensuring continued financial savings and allowing for more strategic investment in jewellery inventory and other business needs.
Systems for Budgeting, Cash Flow, and Buying
Showcase Jewellers Buying Group provides its members with advanced systems for budgeting, cash flow management, and buying. These systems help jewellers manage their finances more efficiently, ensuring they can make informed purchasing decisions and maintain healthy cash flow. Effective financial management leads to cost savings and allows members to allocate more resources toward purchasing discounted jewellery and expanding their product offerings.
Centralised Billing System, EFTPOS Rates, and Foreign Exchange Contracts
The group offers a centralised billing system, which simplifies the payment process and reduces administrative burdens. Members also benefit from competitive EFTPOS rates and foreign exchange contracts, which lower overall operating costs. These financial tools and services help jewellers manage their expenses more effectively, leading to substantial savings that can be redirected toward purchasing jewellery and enhancing their business offerings.
Join us to help shape your future success. Become a Showcase Jewellers member today to take full advantage of these and other valuable opportunities.
Email: enquiries@showcasejewellersgroup.com
Phone: (02) 8566 1800
Visit: showcasejewellersbuyinggroup.com
