This can be a great and fruitful adventure on your way to setting up your own independent financial future away from the corporate ladder. But without the correct organizational skills many people go broke or end up working for minimal wages trying to make ends meet.



All business should have the same goal.

Creating positive cash flow!

You may have got into jewelry making because you love it but without making a profit your going broke and there are still bills to pay so focus on some ways to help ensure that you make money.

Starting up a home jewelry business, or any other business for that matter means there are lots of jobs that you have to take care of yourself. Most of the time there will be no one to help you. You will need to be your accountant, designer, printer, stock controller and many more things besides.

By following these four steps you can be sure that you start your home jewelry business in the best way possible.

1. Keep inventory of your stock.

Now this sounds like a simple enough thing but so many people have no idea what they have in stock. If you don't know what you have in stock then how do you know what you need to buy? By keeping strict tabs on your stock level you can save countless hours wasted counting parts not to mention the money you save by not running to the store to buy another one of the same thing which you already have stuffed at the back of one of your drawers.

2. Know the cost price of all your jewelry pieces so that you can work out what you need to sell them for. You need to work out what pieces have been used to make a completed jewelry piece AND include your time as well. Its no good just marking up a few percent on the parts that you have used, your time is valuable too. By knowing exactly what your jewelry pieces cost to make then you can work out what your profit margin should be when you sell them.

3. Have a good invoicing system. When you sell your completed jewelry pieces to your customers you need an invoicing system that will track your payments. Being able to look back at your records and see what money's are outstanding to you will help you quickly and easily chase up payments from customers.

4. Get other people to sell your jewelry for you. Your friends may be willing to host home jewelry parties on your behalf and invite other friends or work colleagues of theirs that you may not know. Offer your friend an incentive such as a share in the profits.

The four steps above should outline some of the major factors that you need to consider when running your own jewelry business.

Good luck with your jewelry business.