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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... CliniShift wins the upSTART startup pitch title at Digital DNA for 2018, battling off against 24 other disruptive UK, NI and Irish startups. Launchpad, an innovative, post-graduate incubation & acceleration programme developed by Falmouth University that aims to create new digital businesses to meet identified market demand in just 12 months. Over ten weeks, tech startups will be given the unique opportunity to work with Lloyd’s market experts to shape the next big innovation.
Entrepreneurs take note! The lowdown on equity crowdfunding and some common misconceptions, care of European equity crowdfunding platform, Seedrs. The innovative app that's making the art of choosing wine for dinner an absolute doddle... Product and Hardware focused startups, take note! CRL is open once again for applications to their six-month accelerator programme, supporting the next gen of product-focused startups. Seed Pantry! Gardening for all thanks to this fab startup that is on a mission to get everyone growing more food and flowers Win 1 of 10 free general admission tickets to attend Digital DNA Belfast, care of upSTART 2018 Major Sponsor, Seedrs, Europe’s leading equity crowdfunding platform. WIN ONE of TWO FREE startup pod spaces in the startup zone at Digital DNA for FREE. Mothive - The innovative startup that's helping high value fruit and veg farmers reduce waste, maximise yield and optimise labour costs
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- CliniShift awarded upSTART startup pitch title at Digital DNA 2018 21st Jun 2018 CliniShift wins the upSTART startup pitch title at Digital DNA for 2018, battling off against 24 other disruptive UK, NI and Irish startups.
- Launchpad, the award-winning incubator/accelerator building high tech startups in Cornwall 21st Jun 2018 Launchpad, an innovative, post-graduate incubation & acceleration programme developed by Falmouth University that aims to create new digital businesses to meet identified market demand in just 12 months.
- Lloyd's Lab begins global search for tech talent 21st Jun 2018 Over ten weeks, tech startups will be given the unique opportunity to work with Lloyd’s market experts to shape the next big innovation.
- Hardware Accelerator CRL Open to Applications 16th Jun 2018 Product and Hardware focused startups, take note! CRL is open once again for applications to their six-month accelerator programme, supporting the next gen of product-focused startups.
