We intend to craft this article for the people who want to start a successful handmade jewelry business from home. Broadly, the content caters to the basic requirements of starting the business, raw materials, and how to sell handmade jewelry. Also, we have provided 10 most easy to start the handmade jewelry making business ideas here.
There are a lot of people who craft jewelry for themselves and for gifting purpose. Sometimes they sell the jewelry to the friends, relatives, and neighbors. However, one can establish a side business out of that hobby. Yes, it needs proper planning, hard work, dedication, and investment too.
Making jewelry is easy. But starting jewelry business is hard.
8 Things to Consider in Starting a Handmade Jewelry Business
1. Time Management
This is the most crucial aspect that you need to decide very carefully. When you want to start this business as a side venture after maintaining a 6-day week job, then think practically. Think whether you can provide enough time for making the inventories and selling them. A serious business demands a lot of time in order to make it successful.
2. What Jewelry You Should Make & Sell
When you decide to start the business this is the next important aspect you need to determine. What jewelry you should make it depends on several factors. What type of jewelry can you make? The materials are easily available or not. Whether there is a demand for that specific type of jewelry or not. So, you must analyze these factors properly. To help you in this area, we provide here a list of chosen 10 different types of handmade jewelry business ideas.
3. Startup Capital
Even you start the business from home without having a studio or retail store, the business requires startup investment. For home operation, most of the investment requires for procuring equipment, hand tools, raw materials, and for advertising. Also, include the cost of procuring packaging materials.
4. Business License
Regardless the size of your business, you must check the license requirements at your location. You must comply with the State laws for operating a business.
In starting this type of business, raw material procurement plays a very crucial role. You have to procure the good quality materials at the right price. If the raw material quality drops, you will land up with an inferior quality finished jewelry. And if you procure the raw materials in the higher price (often happens with the beginners), you won’t be able to offer the competitive price to your customers.
Initially, fixing the price becomes a little bit complicated for the beginners. Simply, calculate the cost of materials, add an hourly charge of your efforts and finally add 40 to 50% profit. Also, you can check the price of those similar products on the internet or other marketplaces.
7. Where to Sell Jewelry
Most of the homemade jewelry business owners sell the jewelry at fairs. Also, selling the handmade jewelry from the home party is getting popular these days. Even, you can ask your friends or neighbor for allowing you to exhibit your jewelry on the party that they arrange. And you can offer a percentage of revenue on the sale volume to him or her. Additionally, you can sell the items from the local retail outlets who sell different other pieces of jewelry.
8. Online Jewelry Selling
Nowadays, online selling is the most popular option. And practically, there are plenty of ways for selling the jewelry online.
First of all, you can sell the jewelry from marketplaces like Amazon, eBay, and Etsy. Otherwise, you can sell the jewelry from your own online store. Creating and maintaining an online store are not that tough these days. Also, you can sell the jewelry from your own website. For that, you have to get a domain name and hosting on rent.
These are the most crucial aspects that you must consider carefully. Read on to get a list of 10 most successful homemade jewelry business ideas for your ready reference.
List of 10 Homemade Jewelry Business Ideas
#1. Beads Jewelry
The jewelry made with different colored beads is called beads jewelry. You can make different types of bangles, earrings, necklace with beads. You can use different types of beads like glass beads, crystal beads, copper beads etc.
In starting the beads jewelry business, you will need to have beads, pendants, bead stringings, tools, adhesive, and equipment.
#2. Costume Watches
Nowadays, costume watches are very trendy and popular jewelry items among the teens and young population. Generally, costume watches come with beautiful designs around the dial and on the bands. You can use different types of materials for creating beautiful costume watches.
#3. Hair Accessories
Different types of rubber bands, hair pins, clutches, clips are very popular. And people use these items regularly. So, you can consider making beautiful hair accessories for every age group of people.
#4. Imitation Jewelry
This is another a thriving venture you can consider worth starting. People prefer imitation jewelry instead of wearing gold, diamond or jewelry with precious things. You can create beautiful imitation jewelry like bangles, bracelets, necklace, earrings etc.
#5. Paper Jewelry
With different types of papers and simple hand tools, you can create beautiful jewelry. Paper jewelry is also popular as quilling jewelry. Basically, quilling is an art. Some of the most popular quilling jewelry are earrings, finger rings, necklaces etc. Read More…
#6. Resin Jewelry
In the handmade jewelry segment, resin jewelry holds a very appreciating position. The resin pendant jewelry is the most popular item. Also, you can make other types of resin jewelry at home.
#7. Seashell Jewelry
With seashells, you can produce a wide range of beautiful jewelry for the people who love it. Just take a look at the online marketplaces and get the designs and price. Seashell jewelry items are easy to make. Also, the main raw materials seashells and threads are easily available in the wholesale markets.
#8. Silk Thread Jewelry
Currently, silk thread jewelry items are back in fashion. Generally, different types of silk thread jewelry items come in wide sizes. Some of the most trendy items are earrings, necklaces, and bangles.
#9. Silver Oxidized Jewelry
Silver oxidized jewelry items are also popular as costume jewelry. This type of jewelry has the huge demand throughout the world. Also, silver oxidized jewelry ensures good profit and revenue return.
#10. Terracotta Jewelry
Actually, terracotta jewelry is made of natural clay. Also, it is an eco-friendly jewelry. This type of jewelry has huge demand globally. Sometimes the finished jewelry comes in colorful design and sometimes in a brown color finish. You can easily sale terracotta jewelry online.
We hope this detailed article will definitely help you in understanding how to make money from handmade jewelry business.