There is one business niche you can explore to make good money and that is to consider constructing quality custom jewelry for individual clients but get into this business only of you have a great sense of style and creativity to come up with new and creative designs. If you prove yourself to be good, you will be overwhelmed with phone calls by customers who would want you to construct special pieces for them or as gifts for others. Making custom jewelry isn't hard, all you need a sense of style and creativity - the skills needed to make jewelry are very easy to learn. The pieces that you designed and constructed must be exclusive so that when your client wears them, they know that they are wearing something that no one else wears in the whole world.
To design something that your clients have in their minds is the hardest part of the job because it may be different from that which you have in yours. Do not risk losing a client by working in their presence and showing them how easy it is to do it themselves.
It would be proper for you to find out all about the persons for whom the jewelry piece is to be designed if the piece is to be given to them as gifts. While uniqueness and exclusivity are the keys to making this type of business successful, speaking regularly with your clients is vitally important too.
Many clients will want you to make custom jewelry using stones or gems that they already have. At times, you may just be asked by people to enhance a piece of jewelry of their own that is tired and worn. To avoid destroying a client's beloved piece, make sure you have the necessary skills to do the work before you accept the assignment. You can do a good job of enhancing the piece only after you have found out all you can about the piece and how special it is to the customer.
In order to make your custom jewelry you will definitely have to purchase the pieces from wholesale sources. You may need to spend more buying quality parts from unique jewelry making supplies and imported items overseas so be careful how you quote your price.
Since surely you do not want to lose money, once you have quoted a price, allow up to thirty percent to be deducted from it. After deducting 15 to 30 percent, use the remainder as your 'budget' when buying supplies to make the custom jewelry.