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Starting Your Own Home Jewelry Business

by Judy Ellis
So you're thinking about opening up a home-based wire jewelry business and naturally you are terrified about what to do next... Well, worry no more!

Today I wanted to share a few tips from our Definitive Guide to Selling Handcrafted Jewelry.
Advantages of a home-based wire jewelry business:

Well, clearly there is LOW risk. WHY?

  • No expensive lease or commercial rent - work right from the room that no one ever uses.

  • No costly telephone installation, deposits, monthly bills. Home biz phones are quite reasonable.

  • No expensive equipment to buy, just a few hand tools, some gold filled or silver wire and a few gemstones and you're in business.

  • No employee payroll to meet. According to the IRS, you can actually hire your kids and use them as a deduction.

  • No accountants needed or bookkeepers-Do your own bookkeeping, with a simple piece of software called Quicken or Quick Books. Unless you really start raking it in and then it might be advisable to get one of those fancy accounts!

  • No commuting 5 or 6 hours a week. With all this extra time you could spend more time with your family or even get a new hobby.

  • No more keeping up with the high fashion rat race. Just dress casual. Or even work in your underwear! Hey, you're the boss!

  • More flexible lifestyle-work your own hours, day, or night

  • More time to do all the things you always wanted to do!-like clean up the garage!

  • Great tax advantages for home-based businesses. You can write off your tools, videos, supplies, gold wire, bench, gems, a portion of your shop area, road and telephone expenses. Plus if you go for a weekend to Las Vegas and stop by several stores to see if they want to buy your jewelry-it looks like a sales trip to me.
    • A Few Facts...

  • Apple computer started out as a home biz...

  • Domino's Pizza started right out of the house...

  • Would you believe Walt Disney started out as a small home biz!
    • MORE FACTS on the home based business

  • Did you know that women operating home based businesses were found to have 22% more family assets than did their counterparts who did not work at home? (Bureau of Labor Statistics)

  • Did you know that 4 out of every 10 households have some kind of income-generating or after-hours home-based business?

  • Did you know 95% of home-based businesses succeed in their first year.

  • Did you know that home-based businesses in America today are generating over $427 billion a year!
    • YOU CERTAINLY HAVE COME A LONG WAY BABY!!

    Women have taken up wire sculpting by storm. They make up about 60% of US wire sculptors today.

    Wire sculpting is an equal opportunity field. Endless possibilities exist for a successful home-based business.

    Start with a few videos, inexpensive tools, and an old desk as a workbench. You're in business!

    Setting up your Work Bench

    To get you started take a look at our Ultimate Tool List for every beginner!
    Choosing a name for your home based Business

    People often take this lightly, but your home business name matters for many reasons.

    Naming it after yourself, like Joe Smith Jewelry, is fine if you want.

    In this industry, people know you by your first name anyway.

    For example, 99% of people who know me call me Preston and forget my last name.

    But if you mess up, your name goes down with the business.

    Few corporations use personal names, like Bonnie Sue Smith Corp. Remember the Edsel? It was named after a real person.

    Check online first, since someone else may have your name.

    Register it with your state once chosen.

    Never tie your name to a location.

    Don't call it Smokey Mountain Jewelers if you live in Tennessee. You might move to Florida someday!
    Retail storefront on the world wide web means $$$$$$$$$$$

    Why? Because that's where you and your business will end up whether you like it or not.

    Plus there is a race to get the really good names.

    Like Diamonds.com-That name could probably be sold for $1,000,000 as we speak.

    PLUS if you don't have your domain name picked out yet you better get one!

    What you say - you ain't even got a computer! So what.

    Get the name and hold on to it.

    Every business in America will be online in the next three years or they will be out of business.

    So where do you wanna be?

    Materials

    The Definitive Guide to Selling Handcrafted Jewelry
    definitive_guide
    • Lesson Quantity: 1.00 pieces
    • Purchase Quantity: 1.00 each
    • Price: $177.95
    • Gold Club Price: $133.46
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    Tools

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    • Category: Selling
    • Technique(s): Selling

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