In this video, I will attempt to thoroughly answer the question: How much does it cost to start my own permanent jewelry business?
You can find a checklist and chart here:
stonesandfindings.com/free-re...
I get asked this question A LOT because it's actually not a lot and it is very profitable. If you actually look on social media and track some of the businesses offering permanent jewelry, you will find many of them started out as side hustles. They have now financed the opening of stores and boutiques, some even multiple locations, and expanded into bigger businesses within a short period of time
For permanent jewelry, investment costs we need to consider include the machinery and all the tools and accessories that you will need to weld, training, furniture and advertisement, and perhaps registration and insurance.
Disclosure: I distribute Sunstone micro welders. They are the top of the line welders, known for their reliability, warranty and value.
They are also the most popular and safest welders used by permanent jewelry artists world wide. I personally have not used any no-name welders, and there are mixed reviews on welding reliability and there have been safety issues.
As a business, I think it is much wiser to go with more reliable equipment - it will signal to your clients that you care about their safety and that you’re a luxury brand. So, for the purpose of this video, I will share only the cost information for Sunstone Welders.
There are different models of these American made welders and each will allow you to run a busy permanent jewelry business - consistently and safely, day in and day out. The difference is in the bells and whistles and what suits your budget the best.
We have full product reviews and user guides on our RU-vid channel, and I will just include a brief cost summary for the purpose of calculations.
The manufacturer listed prices for these micro welders are $1000 to $2800 US. If you are buying them from us, those prices include shipping and handling if you are in the USA and Canada, and if you’re in Canada, they also include customs clearance and duties.
You will need additional tools and accessories, such as pliers, chain cutters, safety goggles, leather welding protector, grounded pliers and more, for about under $300 for the entire package.
You will need chains! Many wholesalers also create packages and its a good way to go. We offer a number of convenient starter packages of the top selling premium quality chains and components. These range from $250 to $800, and will allow you to start selling and welding immediately.
You will need a table, some chairs and a lamp, if you don't already have these. Anything simple will do and can be purchased for under $350.
You will need signage and business cards that can be ordered online for about $250.
You will need to open a bank account and register merchant accounts to accept payment, like Paypal and credit cards. Most of this is free to register but you can check with your bank’s merchant services for details.
You will need to register your business with your local government, and it is usually inexpensive, with fees ranging from $50 to $300, depending on your location.
You will want to purchase insurance. If you already have a business, adding the pj service, there should be little to no increase in your premiums.
If you do not, check what your home and auto insurance policies cover and if there might be an umbrella policy available - call your broker.
Besides the cost of the machine, you will need training on how to operate the welder and achieve successful welds. We offer free support, Free RU-vid PJ Training Videos , and also discount full packaged video training when you buy with us. A small percentage of people prefer in-person training, and that is also available for a small fee.
So, the investment needed is only $2500 or up to $5000, depending on whether you want the luxury machine and larger chain package or not, and you are ready to go!
________________________
Time Stamps:
00:00 Intro
00:15 Overview of the costs
00:56 Permanent Jewelry Business
01:38 What do you need to start a permanent jewelry business?
02:13 About Micro Welders
04:09 Calculate your own costs
05:50 Micro Welding Training Lessons
06:17 Total Investment Cost to start a Permanent Jewelry
06:33 Profits of PJ business
06:59 End
_____________________________
Full disclosure
About us: Stones And Findings is a wholesaler of premium jewellery components.
You can shop our extensive collection online at wholesale prices by first creating an account (you do not need a business license). You will get instant access to prices and shopping cart at the bottom of this page:stonesandfindings.com/my-acco...
#businesssuccess #makemoney #jewelry
27 июл 2024
