Jewelry Business Opportunities

Executive Summary about Jewelry Business By Ralph A. Gonzalez

Are you looking for jewelry business opportunities?

So, you might have heard that fashion jewelry is the most lucrative business in the world. Or, you might have a passion for shiny baubles and gifts. Or, you might be looking for a low risk, low capital business that you can invest in. Whether you are the next jewelry name brand or moonlighting on eBay after work, this article will help you to make sure you are informed about this business.

If you think by making a purchase of some company's minimum order and sell it here and there and somehow turn it into a million dollar business, then you are setting up for disappointment. Fashion jewelry is a GREAT business. You can succeed with the right strategy, commitment, and execution. Make sure you take advantage of all the resources the Fashion Jewelry Industry has available to you.

When to start a jewelry business? It is always a good time to start a jewelry business. Fashion jewelry is low-cost and high margin. The retail markup on fashion jewelry products is three to four key, meaning if you buy something for $5 then you can sell it retail for $20 if not more. So if you start in the business and work at it right, then there is potentially good money to be made.

The best time to start a jewelry business is RIGHT NOW or better yet a downturn economy. When the economy slows, consumer spending shrinks. People tend to downgrade the dollar ticket of the items they buy. Fashion jewelry is the perfect go-to good when the economy sours. Cubic zirconia earrings, pendants, bracelets, necklaces, and rings have the perceived value of diamond and gold jewelry at much less the cost. People wanting to save will certainly turn to our products when times are tough. The products have a reasonable retail price and a high-end look and feel.

Who is trying to start a jewelry business? The average person starting out in the business is either an entrepreneurial minded person looking for an additional source of income or a retail or service business owner looking to add the jewelry product group to the counters.

Most people start with a limited budget and are understandably leery about how deep they should get in a new business. Buying inventory, selecting products, and the thought of finding customers to purchase the jewelry are most often what discourage people to join, stay, and compete in the business. Fashion jewelry is no easy business. But if you do it right, you could reap huge rewards.

What any wholesalers require from you is that you love the products that you sell. In fact, if you do not believe in the products, then you should not be in the business of selling them. The first thing you need to start with any fashion jewelry wholesaler is a passion for the design and style of the jewelry you select. So, if you want to be successful selling some products, take a look at the catalogs and make sure you find them beautiful and exquisite.

If you are working a full-time job and thinking about starting by selling to and through friends, then you need to plot out how much time after each work day you have to commit to selling. If you plan on selling at an outdoor event or market on the weekends, make sure you put together a short-term and long-term plan for which weeks and days you will show on.

3. The last thing you need is capital. You are starting a business. You are buying a line of products for resale. Of course you need capital. Nevertheless, money is a limited resource and that is understandable.

My advise is to buy enough pieces of jewelry to show or make a statement with. Search the Internet, go to trade shows, and see how jewelry is displayed.

Also understand that effort is required. Jewelry is an impulse buy. Most women (we say women since it is jewelry we are talking about) want to take a piece home the minute they see it. It does not cost an arm and a leg. You have to learn the art of making the sale and you have to make a consistent effort to service your customers.

Jewelry Repair - Additional Income For a Jewelry Business

Executive Summary about Jewelry Business By Gary A Capps

You may consider jewelry repair service to be an additional income for your jewelry business. This can expand your business buy doing repairs with jewelries that have missing handmade glass beads, broken clasps, and partially unstrung. If you'll notice, many customers are looking for a jewelry repair stand, and sometimes they are misunderstood when they go to a jewelry shop. If you will try to understand them, they just go to jewelry shop asking for repairs because they know that jewelry makers obviously make jewelry, and perhaps they can also do jewelry repair. Try to view a repair service and take it as a commissioned work for you, you will get paid by just putting some of your time and effort into repairing some damaged jewelry. If you are very good at your craft and know all your jewelry making tools and their proper usage, doing some repairs would be pretty easy for you and always adds that extra bit of income as well as becoming know as a great jeweler who goes out their way to provide great service.

An additional advantage for you, jewelry repair can give extra credit towards a good reputation for your business. Just do your repairs well, give your customer a good service and believe me good comments will spread about you will spread about. Jewelry repairs may sound quite boring, frustrating, and mundane to some artisans; but believe me it is not, have some fun while doing repairs - this activity can greatly enhance your expertise as an artist. Some of the fun things about jewelry repairs are when repairing damaged vintage rhinestone jewelry to create wire sculpture pendants and earrings; changing pierced to non-pierced earring clips - this can be enjoyable and fun because you'll get to experiment and explore different designs and styles to enhance the differences between the two kinds of earrings. What a lot of jewelry makers forget to ask about their business is good customer service important? From your point of view being on time when creating jewelry for customers and creating quality pieces will obviously give you a good name. Think about the extra work you would get if you could repair customers jewelry that they had bought elsewhere. What a great opportunity to increase your sales by doing simple jewelry repair.