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... Glasgow-based This is Milk seeks investment for Neve Learning, its cloud-based Ed-Tech platform that has inclusivity and accessibility at its core. With the UK facing a clear digital skills gap, Amy Caton, Digital Talent and Impact Senior Manager at BT Group shares some insights on what businesses should do to close that divide. The lowdown on Berlin-based Beazy and its innovative solution that helps teams to plan, produce and deliver creative content and helps businesses to connect with talented content creators. Huckletree's new Web3 HQ aims to put London’s West End at the forefront of Britain’s tech superpower ambitions. Leading sports marketing platform, OpenSponsorship announces move into music sector, the first new vertical industry for the trans-Atlantic martech business. Kingussie High School scoops first place for Junior and Senior categories at this year’s Growing Future Assets Competition. The lowdown on Manchester-based Arctic Shores and its innovative recruitment solution to help candidate potential count as much as skills and experience. With the demand for tattoo removal now greater than ever, specialist NAAMA Studios makes a bid for a further £11m in funding. By combining machine-learning with zero-party data, new tool launched by MarTech startup Qudo ends the ‘era of assumption’ for marketers. Want to be your own boss and earn some money whilst travelling? Here are a few ways to do just that...
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- Neurodiverse learning and training platform Neve shares major six-figure investment opportunity 22nd Mar 2023 Glasgow-based This is Milk seeks investment for Neve Learning, its cloud-based Ed-Tech platform that has inclusivity and accessibility at its core.
- Huckletree opens new London hub for tech companies pioneering Web3 solutions 16th Mar 2023 Huckletree's new Web3 HQ aims to put London’s West End at the forefront of Britain’s tech superpower ambitions.
- OpenSponsorship making its move into the music sector 16th Mar 2023 Leading sports marketing platform, OpenSponsorship announces move into music sector, the first new vertical industry for the trans-Atlantic martech business.
- Scottish Highlands Home to the Next Generation of Future Female Investors 15th Mar 2023 Kingussie High School scoops first place for Junior and Senior categories at this year’s Growing Future Assets Competition.
