Business Overview:

If you’re creative, like working with your hands and want a lucrative business you can operate from home, the jewelry making business might be for you. There is very little overhead and you can rapidly start making a profit, especially if you position your product in high-end retail stores. The tools you will need are few. First, you will need a computer for tracking your finances and, since this is a great online business idea, you could choose to sell your jewelry over the Internet, in which case you would need a website. You will also need jewelry supplies. These can range from extremely inexpensive beads, to pricier items like semi-precious stones, gold and silver. There are resources available that sell these supplies at a major discount so this doesn’t have to be a huge expense when you’re starting up your business. The only other “supply” you need is time. A few hours a week should be enough to get your jewelry making home business up and running. In no time at all, you can be living your dream of creating beautiful, wearable art pieces and selling them for a profit.

A Day in the Life of a jewelry making business owner:

This article brought to you by Business Ideas! If you enjoyed this article, make sure to subscribe to the Business Ideas Newsletter to get ideas sent straight to your email inbox.A typical day will start out with you checking any online or store orders, then recording them on your order spreadsheet. You will need to make sure any orders that need to be completed by a certain date are on schedule. You may then spend time creating the jewelry to ensure timely delivery to either the store or online customer. Finally, your day will include spending some time shopping either online or at jewelry supply stores for new products you can use in your new jewelry creations.

The Good:

• If you love making jewelry, this business is a wonderful and rewarding artistic outlet.
• The bookkeeping is relatively easy with readily available software programs.
• With inexpensive supplies, you can sell your jewelry for a fairly high profit margin.

The Bad:

• You may find it hard to sell your items if you cannot easily come up with new creative jewelry ideas.
• Making jewelry takes incredible attention to detail which you may find tiring.

Resources:

• Jewelers of America
• Women’s Jewelry Association
• Fashion Jewelry Trade Association
• U.S. Bureau of Labor Statistics

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