logo
chains
The below article was published earlier and had a overwhelming response. It is only natural for us to bring it back here again in anticipation of a repeat performance from our esteemed customers.


Starting and running a jewelry business - Part 9

.
This is the concluding Part in our series, "Starting and running a jewelry business." I would like to start this segment with a quick anecdote about frustration and burnout among beaded jewelry makers:

A woman spent her weekdays making simple, sweet necklaces that she would sell for $29, and earrings that she sold for $8. When she got bored making jewelry, she would make toll work and other inexpensive crafts to sell, too. She spent her weekends selling her work, and although she sold most of it, she never seemed to get ahead, financially. Also, she felt her buyers didn’t appreciate the energy she had invested in her work. All of this caused her to become frustrated and depressed.

Her friends asked her to "go out" with them, but she never seemed to be able to find the time, and money. She realized that she didn’t "have a life." and this, too, added to her frustration. She became angry, started denigrating the handcrafted jewelry business, and blamed everyone else for her predicament.

When caring friends and other jewelry makers tried to help her, and suggest changes in her operation, she would become defensive and very angry. She refused to listen to their helpful suggestions, and she said they didn’t know what they were talking about, but that she did. She refused to look at what she was doing and continued to blame everyone else.

This is just one person, but I have known a number of people with virtually the same story.

Now that you’ve read this series I hope you can pick out some of the steps that led to her decline. Here are a few points that might not be so evident:

She may have had low self-esteem and was afraid to go beyond a $29 price point.

She continued to make simple, inexpensive pieces of jewelry that would have to compete with mass-produced, low price, imports.

It takes the same time to make a $100 necklace as it does to make a $29 necklace.

It is said, "The best defense is an offense." Her anger and blaming others would be this defense.

Let’s review the quotes I gave in an earlier part of this series:
 "……(Charge) all the market will bear." Ambrose Bierce
"Make your own myths. That’s the way the gods started." By a famous Polish philosopher.
Plus, here’s a new one.
"A definition of insanity is: Doing the same thing, over and over, expecting a different result." Bill & friends.
Here are a few recommended books and magazines for you to read:

Bead and craft business – Books

How to be Successful in the Bead Jewelry Business, by Kate Drew-Wilkinson.
Crafting for a Business, by Wendy Rosen.
Crafting for Dollars, by Sylvia Landman

Bead and craft business – Magazines
The CraftsReport - www.craftsreport.com

Beading – Magazines
Lapidary Journal - www.lapidaryjournal.com
Bead & Button - www.beadandbutton.com

Sales source book
Designer Jewelry Showcase - www.designerjewelryshowcase.com

Art show venue listings – Magazines
Craftmaster News (AZ, CA, CO, ID, KS, MT, NB, NV, NM, ND, OK, OR, SD, TX, UT, WA, & WY.) - www.craftmasternews.com
Art & Craft Show Yellow Pages. (CT, DE, MD, MA, NJ, NY, PA, VA, WV, ++)
www.SmartFrogs.com
Where It’s At. A guide to Arts & Crafts Shows. (AL, AZ, AR, CO, GA, KS, LA, MS, MO, NM, OK, TN, & TX)
1-800-972-8589
Art Fair Source Book (Includes a shop rating) - www.ArtFairSourceBook.com
 

 
Gold filled bulk chain, small curb, medium weight, 1.6x2.1mm
Gold filled bulk chain, small curb, medium weight, 1.6x2.1mm
Gold filled bulk chain, medium textured curb, medium weight, 3.7x5.5mm, 25 gauge wire.
Gold filled bulk chain, medium textured curb, medium weight, 3.7x5.5mm, 25 gauge wire
Sterling silver large diamond cut cable chain, medium weight, 11x11mm links with 23 gauge wire.
Sterling silver large diamond cut cable chain, medium weight, 11x11mm links with 23 gauge wire
Sterling silver Plain Leverback earring finding with plain shell design.
Sterling silver Plain Leverback earring finding with plain shell design
Gold filled bulk chain, medium flat curb, medium weight, 3.6x5.5mm
Gold filled bulk chain, medium flat curb, medium weight, 3.6x5.5mm
Gold filled bulk chain, medium oval curb, heavy weight, 3.6x7.5mm, 20 gauge wire
Gold filled bulk chain, medium oval curb, heavy weight, 3.6x7.5mm, 20 gauge wire
Gold Filled, Round smooth spacer bead, light weight, 7mm
Gold Filled, Round smooth spacer bead, light weight, 7mm
Sterling silver Plain leverback earring findings with open ring, 1 pair
Sterling silver Plain leverback earring findings with open ring, 1 pair
Sterling silver Plain trigger clasp findings approx. 4.8x8mm, 1 piece
Sterling silver Plain trigger clasp findings approx. 4.8x8mm, 1 piece
 


16 Inch strand of gold color pearls
16 Inch strand of gold color pearls
Freshwater pearls, Mauve Color rice shape, approximately 5mm width Price Per 16 inch (Approx)S
Freshwater pearls, Mauve Color rice shape, approximately 5mm width Price Per 16 inch (Approx)
Freshwater Rice Pearl Peacock Color 5 To 5.5mm width sold by strand
Freshwater Rice Pearl Peacock Color 5 To 5.5mm width sold by strand
Sterling silver, split ring, approx. 8mm, priced per 5 pieces Pack Price per Pack
Sterling silver, split ring, approx. 8mm, priced per 5 pieces Pack Price per Pack
Sterling silver spiral tube spacer finding 1mm Outer Dia 0.7 inner Dia 17.5mm long
Sterling silver spiral tube spacer finding 1mm Outer Dia 0.7 inner Dia 17.5mm long
Sterling silver Small cable chain, light weight. Each link is  2x3.4mm with 30 gauge wire
Sterling silver Small cable chain, light weight. Each link is 2x3.4mm with 30 gauge wire
Sterling silver bulk chain, Small textured cable chain, Light weight, 2.5x3mm, 25 Gauge wire
Sterling silver bulk chain, Small textured cable chain, Light weight, 2.5x3mm, 25 Gauge wire
Gold filled bulk chain, small flat curb, medium weight. Approximately 1.3x2 mm. 23 gauge wire. Sold by foot
Gold filled bulk chain, small flat curb, medium weight. Approximately 1.3x2 mm. 23 gauge wire




Note: Remember, the purpose of this series is not to tell you how much money you should charge. Instead, it is meant to be a guide to starting your business, and help you understand some of the basics of business, how to understand and calculate your true component costs, determine the value and selling price of your jewelry, and make a profit.

Your Feedback is Welcomed!

Let us know how we're doing?

Missed any previous issues of our newsletter?

No problem visit our Archives section.

 

Customer Comments


THANKS FOR YOUR CONCERN AND CARE


Thanks for your concern and care. I am really very confident dealing with you.

- Afaf Hanna