Tuesday, July 12, 2011

Things To Consider When Starting Your Jewelry Business

Starting your own jewelry business can be an amazing business to start. So many people have turned their hobby into a home business or a successful company but there are some things you need to consider before jumping in head first.
  • Educate yourself about the type of jewelry that you want to sell.
  • Pinpoint your target market, i.e vintage jewelry.
  • What will your startup costs be? 
  • What are your materials costs? 
  • Will you source jewelry materials from suppliers on sites like Etsy?
  • If you aren't hand crafting the product yourself, what will manufacturing expenses cost you? 
  • Is it more cost effective to manufacture your product in the U.S. or to outsource to another country?
  • Should you open a physical store or are markets your best bet? 
  • Finally, are you prepared to handle vendor fees, licensing expenses, and other unforeseen costs along the way?
I hope these tips have been helpful, if you have any other queries leave them in the comments section and I'll do my best to answer them in a future post or on the Sunshine Buttercup Facebook page.


No comments:

Post a Comment

Note: Only a member of this blog may post a comment.