Starting a Jewellery Business
by Startacus Admin
We have in recent weeks written articles on Starting a Warehouse Business and Starting a B&B Business and this weeks its the turn of Starting a Jewellery Business...and, we'll start this post with a little asterisk...here it is*
*It's alright saying that you want to start a jewellery business and that's great - however like any creative job, role, or business, we are going to have to assume you have already worked out that you are pretty good at this type of stuff. Making Jewellery and making it more than just a hobby or something you like to do, means you really need to have talent in the first place - potentially even...specific qualifications. Nuff said - off the high horse and from this point on, we assume you have at least some of the above!
Some of the basics you will need to consider are...
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Is there a market for your work - have you ever sold your pieces before and have people requested that you make them more / bespoke pieces?
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What type of feedback have you been given previously?
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Are you aware of other crafters who sell their wares locally - where do they sell them and how much can they charge?
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Research the type of price you can charge depending on the standard of your work
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Check how other Jewellery makers sell their goods - is there a local market / trade fair / popup shop that you could join or participate in?
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What crafter websites could you sell your pieces on and do you need your own website as well?
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Are there any grants or startup business funds available where you live to support your enterprise?
Planning and Development
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Have you written a business plan? Do you know what a business plan is?
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Where will you work? Will you work from home or have a unit that you pay to be in?
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What type of equipment do you need and how much will it cost?
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Making a business out of selling Jewellery can be tough to start with. Will you try and work on this full time or part time until you have created a presence and are regularly selling your products?
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Where will you sell your products? Will you rent space in a popup shop? Will you try to sell to boutiques and retailers? Will you use crafty type e-commerce sites such as Etsy, Folksy and so on?
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Do you need your own website? Who would be able to design your website? How much will that cost?
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What will you call your Jewellery business? Can you think of a unique name that will make your business stand out?
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How will you market your business?
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Where will you buy the materials to make your jewellery? What suppliers will you use and will you try and keep your suppliers local / national or the cheapest price globally? How might this affect how you market your products?
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Are you making bespoke, one off pieces, or creating a design that can be replicated and in bulk?
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How do you plan to market and promote your business?
Continued on Page 2... Hike is an SEO platform built for startups that allows you to optimise your site and content and aimed at saving 75% on annual SEO costs. The Festival of Female Entrepreneurs, now in its seventh year, is aimed at supporting women to build and grow sustainable businesses. The INVENT Awards 2018 from Connect at Catalyst Inc, took place in Belfast’s Waterfront, during which Gray’s Clip was announced as the overall competition winner. The innovative startup which “helps you build happy, productive teams by creating amazing onboarding experiences for new hires.” Vegan food business The Brook funds 130% in their first three days of their equity crowdfunding campaign on Seedrs, with the funds raised to go towards launching a new home delivery service. Leading real estate tech investment firm, Goldacre, has announced the six startups selected for its inaugural RElab accelerator programme. Tom Evans, Founder & CEO of BleepBleeps, shares his thoughts and experience of balancing passion projects with the reality of a full-time job. Andrson - The Dublin based startup that's using AI in its innovative global platform for undiscovered musicians... When done right, business surveys on employees, customers, suppliers and the market in general can help to improve almost every major aspect of a business. Get The Shifts is a Clare-based startup created for the very purpose of connecting hospitality staff with the people who need them.
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- Innovative Electrical Clip hangs on to win INVENT Awards 2018 12th Oct 2018 The INVENT Awards 2018 from Connect at Catalyst Inc, took place in Belfast’s Waterfront, during which Gray’s Clip was announced as the overall competition winner.
- Vegan food business The Brook tastes crowdfunding success 11th Oct 2018 Vegan food business The Brook funds 130% in their first three days of their equity crowdfunding campaign on Seedrs, with the funds raised to go towards launching a new home delivery service.
- Six startups join Goldacre’s inaugural RElab accelerator programme 9th Oct 2018 Leading real estate tech investment firm, Goldacre, has announced the six startups selected for its inaugural RElab accelerator programme.
- Emily Crisps bags healthy £1m investment 4th Oct 2018 Emily Crisps raises over £1 million investment from Seedrs campaign to support expansion for it's healthy alternative to traditional potato crisps and fruit snacks.
