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?
Manage Your Business
Home jewelry business management tips for the legal, financial and logistical aspects of your business.
by Rena Klingenberg. Accounting and taxes for a jewelry business can be confusing and scary for creative people. I'm NOT a lawyer or an accountant, so please note that while I've researched this information carefully, none of the information in this website is intended to be legal or financial advice. Please use your own good judgment in determining when the services … [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?
by Donna Jadis. (Antioch, CA) This past weekend was about the WORST show I've had since I started my business, more than 10 years ago. I've watched the same show decrease in gross sales for me every year that I've done it (about 5 years, now, I think.) This year was half of last year's gross and a mere pittance towards my costs for going there. How do I figure … [Read more...] about How Do I Know if It’s Time to Quit?
by Andrea. (Kalamazoo, Mi) Hi all, Thanks for all the advice, insight, stories, highs and woes. Hearing from and about all of you really makes me feel less alone. That probably set off some alarm bells and pangs of recognition from some of you, so I will share that I have debilitating anxiety, depression, and chronic illness. I am also a recovering alcoholic, … [Read more...] about How to Go from Mish-Mash Making, to More Cohesive Jewelry?
by Barbara Jacquin. (South of France) Often a good client will "teasingly" ask me not to make another piece like hers. My pieces are all one of a kind but I'd like to reproduce a similar piece with the same winning stones that I have. I'm in a small town and the clients could easily see them. I can't let myself be limited in this way but how to handle this … [Read more...] about Diplomatic Way to Keep Clients Happy in a Small Town?
by Autumn Boutcher. (North Carolina) My jewelry storage trays are nearly full. When I do a yearly show, I only sell a few items - so a good number of my pieces are from the first year or two of being in business. They aren't worn down, poorly designed or anything else - they're just older items. How do you recommend reducing inventory? Right now I'm solely online, … [Read more...] about How Do You Reduce Inventory?
by Karen Craig. (Williamsburg, Virginia USA) Without taking a loan to cover beginning salary (I am still working full time), how and when do you pay yourself? I have read it can be after a show. If so, how much do you know to take out? What about selling online? Karen Craig … [Read more...] about Jewelry Making Salary: how and when do you pay yourself?
by Coral. (Isle of Arran, Scotland) I've been making and selling my jewellery for a few years now, mostly at craft markets. I sell my one off original designs using some base metal components, and also sterling silver, with a mixture of glass and semi-precious stones - not normally all in the one piece I have to add! I'm about to set up a website and I'm wondering … [Read more...] about Should I Consider Having Small Business Liability Insurance?
by Kristina. (Commerce Township, Michigan) My sister and I are finally getting started with our art business (she paints, I'm the jewelry maker). We have our Etsy account up, though I have yet to post any listings. We will also be doing our very first show in November and have been making inventory towards that. However, what I would like to know is, should I list the … [Read more...] about Jewelry Booth Inventory vs. Online Inventory