Online shopping for jewelry is popular, and
it's predicted to become even more so. It's
no longer going to be just a holiday
from Forrester Research indicates that by 2014, online sales are expected to
reach $248.7 billion, that would be approximately 8 percent of all retail
sales in the United States.
On December 1 JCKonline reported that "More
than $1 billion was spent on Cyber Monday – which is not only a 16 percent
jump from last year, but represents the “heaviest online spending day in
history,” according to digital measurement service comScore.
the holiday season-to-date, $13.55 billion has been spent online, a 13-percent
rise from 2009, the service said.
spokesperson was also quoted as saying "Cyber Monday was a historic day for
e-commerce as we saw daily spending surpass $1 billion for the first time. The
online holiday shopping season has clearly gotten off to a very strong start.”
Online shopping for jewelry is popular, and
it's predicted to become even more so. There are many reasons why, but the
primary reasons have to do with
You can choose from hundreds of online
stores, and thousands of products. Looking for a pendant? Many styles, colors,
stones, metals and other variations can all be presented to you with a few mouse
Most online shoppers say that convenience is very important.
You decide when, where, and how often you peruse the online stores of your
Online stores can offer significantly lower prices because
they have significantly lower costs. Cost avoidance is a major factor in a
merchant's ability to offer lower prices.
Consider what a jewelry store owner must pay just for insurance...
liability insurance to cover possible injuries
theft insurance to cover inventory
medical for employees
Brick and mortar costs for the physical
rent, taxes, shopping and center common
tenant improvements (carpet, paint,
lighting, mirrors, display cases, and much more)
security systems and services
licenses, and numerous other permits
and environmental regulatory costs
employee salaries, commissions,
incentives, and benefits costs
The list of costs that can be avoided goes
much further than these few items.
This all means that lower prices, more
choices, and personal convenience will, at an increasing frequency, have us all
clicking on that big shopping cart button.
Taxes Are Necessary
Online shopping for jewelry is popular for
sure... but I need to warn you that taxes will be coming.
Sales taxes (taxes on consumer spending) are a big, big
source of revenue for many city, county, and state governments. As 8 percent of
retail sales migrate from local shopping centers and big box stores to online
merchants, the taxes will presumably follow.
Color me cynical, but most public sector employees and
elected officials exercise authority in two ways:
Tell you what to Do or NOT do
Spend your money
This means they need your money. Online sales presents an
inviting target for them.
Top - Ruby and sterling silver ring..
Next - Keyboard
and charge card - a powerful shopping combination.
- Web graphic symbol (electronic shopping cart).
- Quality Rhodolite garnet from Madagascar
A Google search using keywords such as gemstone jewelry
or silver jewelry can return some very interesting
information and websites.
Readers have requested that I offer a special deal on a
different gem in each newsletter. I am not able to offer gems at prices below my
cost as some readers have requested, but I will offer them at very low prices.
We keep gem prices low by buying quality gemstone rough
worldwide, and having the rough material cut by our gem cutters in Asia.
This month's featured item is a high quality gemstone, and the January birthstone..:
The Red Flags Rule requires many businesses and organizations to implement a
written Identity Theft Prevention Program designed to detect the warning signs
— or "red flags" — of identity theft in their day-to-day
operations. Are you covered by the Red Flags Rule? Read Fighting
Fraud with the Red Flags Rule: A How-To Guide for Business to:
Find out if the rule applies to your business or organization;
Get practical tips on spotting the red flags of identity theft, taking
steps to prevent the crime, and mitigating the damage it inflicts; and
Learn how to put in place your written Identity Theft Prevention Program.
By identifying red flags in advance, you'll be better equipped to spot
suspicious patterns when they arise and take steps to prevent a red flag from
escalating into a costly episode of identity theft. Take advantage of other
resources on this site to educate your employees and colleagues about complying
with the Red Flags Rule.