by Diana White. (Madison, WI) Sometime in 2016, I made a choker using pearls, gemstones and copper wire. It started off as something of a doodle born from a half-remembered dream and a desire to use up a chunk of supplies that had been gathering dust since I transitioned out of copper and into primarily sterling silver. Even though the construction went well and I … [Read more...] about Don’t Scrap Your Work Just Because You Don’t Like How It Turned Out
Manage Your Business
Home jewelry business management tips for the legal, financial and logistical aspects of your business.
by Kim. (U.S.) I have been using a system of 3x5 cards that include unique item numbers and name of the piece. The cards also have a list of components and their costs, pricing info that includes wholesale and retail formulas and notes that may contain provenance of a particular element. Each item I make is unique, so I like to have a record of each piece. The … [Read more...] about How is the Best Way to Catalog Jewelry?
by Rena Klingenberg. Have you ever had someone ask you to make an exact copy of a piece of jewelry that was designed by someone else? Several years ago, a friend who had been on vacation asked me to make a mother's bracelet just like one she had seen on her trip - in an artist's booth at a show. My friend said, "I could have just bought the bracelet from that … [Read more...] about When a Customer Expects You to Copy a Jewelry Design
by Rena Klingenberg. Most jewelry customers are supportive of what we do (and sometimes they purchase our jewelry too)! :) Of course, not everyone will like the jewelry we make, and that's to be expected. But even when the jewelry isn't to their taste, most people are tactful about it. However, there are some shoppers who are less tactful - and may even bluntly … [Read more...] about When a Customer Criticizes Your Handmade Jewelry
by Rena Klingenberg. When your jewelry business is at the point of needing to hire contract labor, you have some decisions to make. How Much Will It Cost to Hire Jewelry-Making Workers? First, how much will it cost - what is the going rate, and how is it usually paid (by the piece or per hour)? When it comes to hiring help for your jewelry business, the going … [Read more...] about Is Your Jewelry Business Ready for Hired Help?
by Cassalona Wilkin. (Florida's Forgotten Coast) I am considering selling my coastal theme jewelry business. I have 20+ wholesale customers who purchase my handcrafted recycled sea glass jewelry for their shops. I have no idea how to begin determining the value of my business. I am wondering if there is a set method one I use or if anyone has … [Read more...] about How to Determine the Value of a Handmade Jewelry Business if You Want to Sell It?
by Rena Klingenberg. What if your jewelry is very time consuming to make – so it's difficult to price it high enough to compensate you for all the hours you put into it? For example, artists who create with seed beads often face this issue. It can take a long time to make a jewelry item with bead weaving or other techniques that involve seed beads. And although … [Read more...] about Profiting from Jewelry That’s Time Consuming to Make
by Cindi Bernloehr. (United States) After 7 years of selling my creations direct to the public - through craft shows, farmer's markets and my own showcase in a local market, I decided I wanted to work differently. Retail hours are brutal and it had gotten successful but I felt like I was just churning out more of the same things. My creativity was … [Read more...] about An Evolving Jewelry Business – What’s Next?
by Rena Klingenberg. Accounting and taxes for a jewelry business can be confusing and scary for creative people. Note from Rena Klingenberg: I'm NOT a lawyer or an accountant, so please note that while I've researched this information carefully, none of the information in the JewelryMakingJournal.com website is intended to be legal or financial advice. Please use … [Read more...] about Jewelry Business Accounting and Taxes
by Jane Petersen. (Madison, WI) Has anyone ever used the Jewelry Designer Manager or other software for tracking supplies and sales? I use an Excel program, but it has its limitations plus I have no record of what finished product I've sold. This program, from what I've discerned from their website, uses photos. Is it easy to load photos, mark them sold, … [Read more...] about Jewelry Accounting
by Elise. With jewelry making, how do you keep track of the cost of goods sold (COGS)? You need to subtract this cost at the end of the year from your sales in order to get your actual net profit. I understand what costs to include in the calculation. What I don't understand is how to keep track of COGS without entering each item as an inventory item into a … [Read more...] about How to Keep Track of the Cost of Goods Sold?
by Annie. (NY) My daughter's friend is a recent high school graduate and a wonderful artist. I've asked her for a quick sketch of an idea for a logo I have and liked it and would like to work with her on creating a logo for my business (nothing too fancy but I liked her interpretation of what I was thinking). She is thinking of doing something in college with her … [Read more...] about Fair Fee for Jewelry Business Logo Creation by High School Student?