There is always something thrilling about pursuing your dreams, especially when it has something to do with what you’re really passionate about. Like jewelry! Whether you’re into designing your own necklaces and earrings, or you have an excellent taste in accessories, establishing a business out of your simple hobby can be a great idea. 

Trying your hands in business is an exceptional experience that will teach you a lot of lessons that can help you in your life or in your career. Whether you choose to pursue business fulltime or just wanted to do it alongside your 8-5 job, it’s still a great way to earn money while doing something that you will definitely enjoy.

To help you get the right confidence to succeed in this business, here are some of my personal tips for first time jewelry seller.

1.    Have a good knowledge about jewelry

Get to know the products you’re selling and understand the intricacies of different types of jewelry. Having enough knowledge about jewelry can make you feel more confident when talking with a potential client or when networking with other sellers and suppliers. Get to know about different types of jewelry and read about other important things like how to create an attractive necklace display for your jewelry store.

2.    Be open to new lessons and some criticisms

There will come a time that you think you already know enough. Be weary of this. When you’re just designing jewelry as a hobby, what you already know or how you do things may be enough. But when you’re doing a business, you have to continuously improve your craft and learn to take criticism with a grain of salt.

3.    Focus

Remember the times when you want to do a lot of things at the same time? When you start to establish your business, that thinking may sound ridiculous and impractical. Focus your attention to your goals and plans for your business. You should also consider engaging in different activities that will sharpen your entrepreneurial skills like joining networking events, seminars and trade shows. Success comes to those who do one thing perfectly than those who do a lot of things poorly.

4.    Be realistic but optimistic

When you’re young and energetic, it’s easy to be realistic about a lot of things. This can be a trap for first time jewelry sellers as it often leads to frustration and disappointments. Be realistic when setting your goals but maintain your optimism and enthusiasm when working towards your dreams.

5.    Have a plan

A lot of first time entrepreneurs fail to do this, thinking that they can easily go around the difficulties of establishing a business just by trusting their skills and instinct. Most of the time, it doesn’t work that way. Creating a basic marketing plan helps you analyze things and gives you a better perspective. If possible, create a plan B or plan C so you can be prepared when things don’t go exactly as planned.
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A lot of women are now trying their hands on business! Why not? It’s a great way to meet new people, earn some money and even go to different places while doing what you love to do.

One of the most popular businesses among women is selling handmade jewelry or being a retailer of a popular line of accessories. Jewelry has become women’s best friend and it’s definitely not surprising if women find it more profitable to have their own wholesale jewelry shop than to be employed in an eight to five job.

However, there are things that you must consider before engaging yourself in this business. Going through these questions will help you decide if you’re fit to be on the other side of the counter.

Below is a short list of the things you should learn before establishing a physical or online jewelry store.

1.    Types of metals and precious stones

If you’re really passionate about jewelry, you might be familiar with the different terms and jargons in the jewelry industry. However, if you’re fairly new about different types of necklaces or different metals used in rings and bracelets, this is the best time to research and learn about the industry that you’re about to enter.

2.    Pricing and warranty

If you want to succeed in this business, you should learn how to keep your prices competitive. The rule of the thumb is that your price should cover your materials, overhead cost and time, plus a 25-40% profit. You can also get an idea on how to price your jewelry by going to different jewelry stores near your area.

3.    Using the internet and social media platforms

Whether you’re establishing a physical store or an online shop, it is still important to have some basic knowledge about different social media sites. If you already have a decent following in your social media accounts, this should not be any problem. However, you should still learn how to use Facebook, Twitter or Pinterest to promote your products or services online.

4.    Blogging

Writing your experiences as a jewelry seller allows you to promote your products and connect with your clients at the same time. It’s also a great venue to build networks of like minded individuals or nurture relationship with other jewelry sellers online. These people will eventually help you improve your brand and will support you as you go along the way.

5.    Creating an impressive display

Your creativity should not be limited to, your jewelry creation. You should also use your creative thinking when creating a display for your wholesale jewelry. If you’re into photography as well, that’s better as you won’t need to hire someone to do basic photography for your products.

Do you have the skills I’ve mentioned above? What other qualities you have that made you feel you’re qualified to run your own jewelry shop? Share your thoughts and questions below.
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