Updated on 5/2/2024 -Luke
Mainly on MOQ. Also clearance discount will soon be by tag and automation instead of manual adjustment.
Clearance Products Guideline:
Definition of Some Terms used below:
SKU: Stock Keeping Unit
VD: Volume Discount
WTD: Wholesale Tier Discount
OLP: Original Listed Price
BIA: Buy it All
MOQ: Min Order Quantity
DU: daily units sold since product’s launch/listing day.
DOS: days on shelf that shows how many days a product has been stocked.
DTSI: the days to sell all inventory on one product.
Definition of Finished Products:
Earrings / Rings / Bracelets / Anklets / Necklaces / ROLL Chains are categorized as Finished Products
ROLL Chain is a component product but due to its attribute ROLL chain will be categorized as finished product for MOQ purpose.
Certain ROLL Chains the MOQ would be less.
Definition of Component Products:
Beads / Charms / Pendants / Connectors / Findings are categorized as Component Products
Certain findings will have more MOQ requirement.
Clearance Products include:
Now only Class E and F products are on clearance.
Class E products: DU<0.3, DOS>90, DTSI<365.
Such products Will be on sale with 30% marked down from original listing price.
Updated on 5/2/2024: Clearance discount is 30% now instead of previous 20% for all clearance products.
Class F Products: DU<0.3, DOS>90, DTSI>365.
Such products Will be on sale with 30% marked down from original listing price.
Clearance Price stack with wholesale tiers and volume tiers:
Please see below Tables
Updated on 5/2/2024: All clearance products are 30% off now.
Cell value is discount you are receiving from original listed price.
|
Your WTD |
No VD Final |
20% VD Final |
25% VD Final |
30% VD Final |
35% VD Final |
BIA Final |
|
10% |
37% |
44% |
48% |
51% |
55% |
58% |
|
15% |
41% |
44% |
48% |
51% |
55% |
58% |
|
20% |
44% |
44% |
48% |
51% |
55% |
58% |
|
25% |
48% |
48% |
48% |
51% |
55% |
58% |
|
40% |
58% |
60% |
60% |
60% |
60% |
60% |
Clearance Products also qualify for our return policy:
In addition to the discount for all wholesale customers the 60-day return policy applies to clearance products as well.
We want to ensure you are safe by purchasing clearance products.
Buy it all on clearance products:
For example, charm A is on clearance and inventory left is about 90 pcs. We are willing to offer another 40% off if a customer decides to buy it all. Thus, the total discount is 58% off from the original listing price.
This option only works when a customer takes all existing inventory for sku. In exchange for a huge discount, we want to rearrange the warehouse bin-box to further increase efficiency so customers must take all existing inventory to qualify for this discount.
Clearance Products restocking and price adjustment once sold out:
Clearance Price is effective only when we have clearance products in stock. Once sold out these products can only be purchased at original listed price (AKA Compare at Price). MOQ on Finished Products is 50pcs and on component products are 100pcs.
Updated on 5/2/2024: MOQ now is 30 units for all products except lower value items (Price<$2)
Also, we are changing our pricing system so that we do not adjust prices manually but using product tag "Clearance" as indicator. All clearance products will be 30% off from original listed price which auto apply discount on check out/cart page.
Clearance Products can be restocked within the usual time frame, which is 3-4 weeks.
For certain components it may not be possible to restock, or restocking time is longer than usual.
For Certain Findings products the MOQ would be more. Usually when Findings are sold in pack or the listing price is <$1, MOQ on these products will be higher.
For Certain ROLL Chains the MOQ would be less. When originally listed price on a roll chain is over $20 MOQ requirement then will be 25 yards instead of 50 yards.