How to Start a Fashion Jewelry Business

April 3, 2010 - PRLog -- You've been making jewelry 925 for a while. People always stop to compliment your work and ask where you purchased it. Perhaps you've already sold a few pieces. Now you're thinking about taking the next step and turning your hobby into a business. Before you take the big leap, here are a few factors to consider.

On the one hand, there are some clear advantages to starting a business. First and foremost, making purchases at wholesale prices can sharply reduce the costs of supplies and materials, especially if you're buying in large quantities. As a businessperson, you will have greater access to resources such as catalogs and trade shows. In the process of creating and selling your korean jewelry, you will be exposed to and inspired by the work of many other designers. Finally, being accepted as a professional by peers and clients is a wonderful source of self-esteem.

On the other hand, running a business can be very demanding and requires a considerable amount of paperwork and fiscal discipline. Don't underestimate the amount of time and effort involved in bookkeeping. It is crucial to track sales, inventory, and expenses accurately, a task that may seem daunting to the uninitiated. Collecting and reporting sales tax adds to the job if you plan to sell retail in wholesale silver jewelry. Many artists are uncomfortable with the accounting and money management aspects of owning a business. To avoid expensive mistakes, it is worth consulting a professional to help you understand your legal responsibilities and to set up a bookkeeping system right at the start of your enterprise.

Think carefully about where and how you plan to market your work. Selling to friends and colleagues is a great way to launch your business. Once word spreads, you will be surprised how many people will ask to see your handmade jewelry. Home parties can also be good venues. Keep a mailing list of all the people who buy from you so that you can send out invitations and announcements. You might explore craft fairs, flea markets, and conferences as well. In time, you will develop a feel for your market. When you know who your customer is-age, sex, profession-it becomes easier to decide where and how to sell.

Starting small also avoids the issues of payroll taxes and the headaches involved in becoming an employer. Once you have a solid customer base and steady sales, then you can choose to take on overhead selectively. Overhead includes all expenses that you have to pay monthly, regardless of how much business you do. These expenses include office rent, utilities and employee wages.

Last, consider the following. It can be very rewarding to see people wear and enjoy jade jewelry that you've designed and brought to life. Nevertheless, some artists experience a sense of loss when they sell a piece of their jewelry. Sometimes the feeling fades; in other cases, artists decide they can't bear to part with their work. It's important to ask yourself how you would feel about sending your creations out into the world.

Now that you've taken the time to reflect on the pros and cons of launching a business, what do you think? There are many roads to success, but I suggest you start small, learn business skills, and don't quit your day job just yet. Good luck!

http://www.korean-jewelry.com

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Company: Yiwu Dushang Jewelry Co.,Ltd
Address: 3f,No.13-15,Building 4,A zone,Futian jewelry street,yiwu city,zhejiang,china(322000)
Tel: +86.579-85597585
Fax: +86.579-85320753