Payday Installment Loans Near Me in Seattle, Washington
Fast Online Approval Money & Cash Advance Lenders (offline stores)

---

"Jewelry Making Business"

---

Jewelry making business, while very lucrative with a lot of growth potential, and seemingly glittered with glamor, is not an easy business to begin with. It's not the monetary investment, however, with very little to no startup cost needed. But rather, the time and effort needed is the one that acts as the entry barrier for this industry.

The key to this business is creativity. Both in the product development and marketing strategy. Thankfully, with recent uprising of Etsy as an online marketplace for craftsmanships, the marketing effort needed has been made easier.

---

If you have the creativity, preservation, and the glitters in you, this business will be a very promising one. And here are some pointers to help get you started:

---

1. Startup Cost
As have been mentioned before, this business can be started literally with nothing, using materials that won't cost you anything such as recyclable trash, unused things, etc. The only limit is your imagination and creativity. However, as the business grow and your sales order increased, you will need to invest in a manufacturing process, whether outsourcing or hiring your own employees. You will also need to invest in packaging and branding, and photography.

2. Market Research
Market research will be a very important part of your early business development as it will dictate the direction you should pursue. The demographics and the current trend of your local market can help you develop the uniqueness your products, and supplying their needs.

3. Develop Your Niche
In the jewelry making business, or any art and design related business on that matter. Uniqueness is key, but the uniqueness has to be still acceptable for the current market. As a wise man said,before you think outside the box, think inside of it.

4. Decide your Marketing Channel
Online presence on Etsy or Ebay is a must nowadays, but you can also look for opportunities in street markets, festivals, and when you got the money, open your own storefront to increase credibility.

5. Learn Merchandising
You will need to understand the art of merchandising and display. To tackle this issue, you can hire a professional merchandiser while learning the tricks of the trade from him/her.

6. Pricing
As usual, pricing will be a sensitive spot. Pricing too high will lose customers, pricing too low will destroy your brand perception. Market research and study of your competitors will help you determine the appropriate pricing range.

7. License and Permit
Depending on location, you will most likely need to apply for a business license and trader's license. Consult your local authority to get a clearer picture whether you need special zoning permits (if you plan to manufacture at home) or other legal needs.

Earning Potential

Your earning potential for this business will vary a lot, depending on the quality of your product, marketing effectiveness, price range, and many others. However, an entry-level jewelry designer can earn an average annual salary of $39,940. Being self-employed, the earning potential is certainly higher than that.

Top jewelry business can earn millions, and experienced jewelry designer can earn more than $120,000 annually. This is a business with limitless potential, only limited by your creativity and imagination.