In the past few weeks, I've had several requests for information about how to start a jewelry making business. Although my expertise is in the business of jewelry-making components, I have a lot of experience in starting a business in general, so I think I can adapt that knowledge to help specifically with a jewelry making business.
The first challenge facing any prospective business owner is the initial decision and the resolve to follow through with it. Owning and running a successful business is work, so please understand the commitment needed to make it happen.
Now, in the field of jewelry making, what do you do? Do you specialize in necklaces, in bracelets or earrings, or do you create coordinating sets? Decision #2 - will you specialize in a type and style, or will you make a variety of pieces? What specifically will you make to sell?
Decision #3 - will this be a part-time, extra money kind of venture or are you planning to build a business that will be a source of income? In either case, where will you work and how much time are you planning to invest? Do you have start up money for supplies, for help and for advertising? Where will you sell your creations and how do you plan to market them?
Of course, before you can finalize anything, you'll need to research the legal requirements for the type of business you create. Your state will want sales tax collected on what you sell. The government will have its hand out for income tax. Your local authorities may require licenses and insurance, especially if you have a store where people will visit.
This list of basics is far from everything, but at least it will give you a place to start.
I would love to hear about your process and your progress. What you share with me will also help your contemporaries. And remember, you're not in this alone. If you have questions or comments, you are always welcome to contact me.