Jememo Best Practices
Best Practices for Posting Jewelry Items
Because of its B2B nature, it is unnecessary to attach professional photos to your listing as fellow jewelers should be able to evaluate an item based on informal photos. However, it is strongly advised that you do include photos in your jewelry item listings and that your photos are in focus and against a white or light background, and that you photograph items from different angles, revealing any damage or defect present in the item. Putting the item next to a coin or on a model helps the borrower to determine its scale better and is advised as well. The more items you add to your store, the better likelihood you will have to attract borrowers who make the most of the shipping costs when they borrow more than one item at a time Price your items for loan or purchase at or near wholesale, allowing the borrower to make enough profit upon resale. Optimally, in terms of pricing structure, if you originally bought an item for stock for $50 and you were offering it for sale in your store for a retail price of $100, your Jememo price should be between $40 and $60, depending on the item’s depreciation/appreciation or current marketability. So that the borrower/buyer more fully understands the item procured, furnish as much accurate detail about an item as possible, including, but not limited to metal type, karat and color, the identification of gemstones and grading details, especially for diamonds, the period or date of manufacture, size and/or measurements, brand, the current condition, including any imperfections or damage, and proof of authenticity. Updating your item listings in a timely fashion is vitally important to a seamless Jememo user experience. To avoid fellow borrowing members' frustration and the risk of a less-than-stellar review, it is recommended that you physically segregate the items you are listing on Jememo in your store. Continue to offer these items for sale to your customers but with less visibility, so that if one of your customers does buy the item from you, it will hopefully trigger your awareness to delist it on Jememo. Jememo does not advise including loose diamonds or gemstones in your listings absent a strong, established relationship with the borrower to avoid the possibility of a dispute regarding identification.Best Practices For Borrowing Memo Items
Take photos with enough detail to document any damage or absence of damage from several angles of each item of jewelry immediately upon receipt. Maintain a record of the photos until the transaction is fully completed and reviews have been issued. Photo outgoing and incoming items. The more you can borrow from each loaner, the better to make the most of the shipping costs Only borrow items for which you would be able to realize an adequate profit. If a loaner’s Jememo price is too high, consider contacting the loaner through Jememo.com to negotiate or opt against borrowing that item. When borrowing items on memo, tag those items differently from your regular stock so that they do not get inadvertently intermingled with your owned inventory. Communicate with fellow Jememo members through Jememo.com to insure a complete record of the transaction.
Best Practices For Loaning Memo Items
Inspect items immediately upon receipt, making sure to inform the loaner of any defects or damage in a timely fashion. Communicate with fellow Jememo members through Jememo.com to insure a complete record of the transaction.
Best Practices For Reviewing Fellow Jememo Members
Your honest and fair review of your experience with a fellow member is critical to maintaining a top-rate Jememo community. If you are unsatisfied with a transaction, consider contacting the member you have dealt with to work things out before issuing a negative review. On the other hand, be sure to include any pertinent information about a member and/or the transaction that would assist other Jememo members in making a determination as to others’ trustworthiness.To earn more reviews, consider buying some items outright to get more transactions under your account
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