Jewelry Business Plan

When starting out, care should be taken to scope out the competition, to study your target market, and to learn every bit that you can about your own product.We spoke to several business owners who've taken different paths with respect to launching their successful jewelry endeavors.

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Basic jewelry business skills are essential for a profitable home based business. But you need to master these skills for your business to run smoothly and thrive. It should help you focus on what direction you want to go. Home Business Insurance Do you have adequate home business insurance?

Craft Business Plan A craft business plan should be simple and to the point.

David Gandy of Ecowrist, a New York-based company that he co-founded in 2007 with his wife Marquerite Hamden, says, "it's nice to do a study of the market to see what kinds of trends are out there. We did it from gut instinct." A merchandising expert can aide in the education process.

Paola Delgado, founder of the New York based company Mujus, hired a professional to help her learn more about marketing jewelry and to show her how to organize items for display purposes.

How to Start a Jewelry Making Business: Jewelry Education Pamela Doyle, co-founder of Doyle & Doyle, a high end boutique in Manhattan's Lower East Side that specializes in estate and antique pieces, stresses the importance of receiving a strategic education about your product, be it formal or informal.

She apprenticed with a dealer, and her sister and co-founder Elizabeth Doyle, studied at the Geological Institute of America.

"We didn't draw any salary from the business or anything like that.

We rolled everything back into the business."Of course, some designers will aim to enter the market at full-speed, thus requiring a much larger capital investment to get the ball rolling.

Initially she only allowed herself a weekly budget of to spend on materials.

From the jewelry that she sells at the Brooklyn Flea, she reinvests the profits to replenish her inventory.

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