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Pricing Your Jewelry for Profit - Handmade Jewellery Business

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Pricing your jewellery can be challenging, learn how to master the technique with this fantastic worksheet and guidance from jewellery business expert Jessica Rose. Calculate your wholesale, retail and cost price of handmade items in your handmade jewellery business.
Download the spreadsheet from the website here:
www.jewellersa...
Join our free supportive facebook community for jewellers here:
/ jewellersacademy
See our full range of professional online jewellery courses here:
www.jewellersa...
And visit our online courses site for more business support & advice at:
www.jewellersa...
Do stay in touch and feel free to message us at anytime: jessica@jewellersacademy.com
Happy making!
With love, Jess x

Опубликовано:

21 фев 2016

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Комментарии : 246

@nienna1970 2 года назад

I have only one word. Thank you. I know how to work excel but I am so tired from work and then i have a 5 year old plus the jewellery, I did not had the strainth to do it. Thank you again !

@JewellersAcademy 2 года назад

You're very welcome! x

@JewellersAcademy 7 лет назад

Hey Guys - thanks so much for stoping by and watching. The link to download the spreadsheet used in the video is here: www.jewellersacademy.com/blog/pricing-your-jewellery-for-profit I hope you enjoy, Jessica x

@ronaldainaire7086 6 лет назад

Thank you so very much. Learned more in this 17 minute video than have learned in several books. Ron USA

@jenamarienubla6714 4 года назад

thank you so much for this! This really helped me A LOTTT! Have been dreading pricing my work for about a week now. and this made it a whole lot easier!

@11Urraka06 7 лет назад

Thank you for all your practical introductions to the jewelry business.

@cecywales 4 года назад

I’m just starting out learning how to make earrings, and I would like to turn it into a business eventually. I checked several other tutorials on RU-vid, but yours was the best, as far as making the loops on beaded earrings. I successfully made several pairs of earrings last night, thanks to that. This worksheet and the guidelines are also excellent, thank you very very much!

@JewellersAcademy 3 года назад

You're so welcome. Glad you're finding all of our videos helpful x

@AndyDaviesByTheSea Год назад

Very helpful. Probably telling us what we already know if we were to think about it properly but a very clear and helpful guide. I never thought putting it in a spread sheet. Thank you. Kind Regards . . . Andy

@JewellersAcademy Год назад

Hey lovely, I am so pleased that you found this helpful 💕 x

@roadtojewels4521 4 года назад

Incredibly useful. Thank you so much Jess!

@JewellersAcademy 3 года назад

You're so welcome! x

@SatumainenOlento 3 года назад

Very CLEAR and helpful video!!! Fantastic!

@JewellersAcademy 3 года назад

Glad it was helpful! x

@LateBoomer1964 7 лет назад

Awesome tutorial. I've been in business before and never thought about the marketing budget. This allows me to not only see how much I need to sell to ensure the craft fair was worth the money, but it still allows me to keep a profit for my work. Thanks

@tashhodges8365 8 лет назад

Hi, I have learnt so so much from this channel!! Thank you very much for all the information. I have one question.. If you were to post your jewelry ( especially earrings ) What would be the cheapest way to post? But also at the same time packaging it well enough so they don't break. Thanks.

@rebeccajns 8 лет назад

Jessica, your helpful tips videos have been FANTASTIC!!!! 👍👍

@JewellersAcademy 8 лет назад

+rebeccajns Thank you so much for the lovely comment. Really appreciate it and so glad they are helpful. Have a wonderful day. Jessica x

@jeanined9060 7 лет назад

Thank you Jessica, for this excellent video!I've been selling my jewelry for several years now & still found this very helpful. I also downloaded your free spreadsheet (thank you!), bookmarked your website & signed up for your newsletter (& free stuff!) Your lovely personality & good marketing skills led me to do so, so yay you! thanks much & best wishes!

@yvonnepayne3096 8 лет назад

Very helpful. Just thought about boxes etc for display

@jonathandedios7438 5 лет назад

Thanks Jessica. I appreciate and learned a lot. I'm from the Philippines, a Jewelry Manfg. / Technical Consultant

@raghdakhoshala6759 8 лет назад

can i say i luv u!.. u don't know how much u've helped me. Thanks so much for sharing :)

@Survdim 4 года назад

Thank-you for the guidance and spreadsheet

@jotianand7799 4 года назад

Super tips! Thank you Jessica! I pretty much follow the basic outline, but wasn't sure if I was on the right track.. now this has given me a lot of clarity and confidence.

@dianae.8192 2 года назад

Thank you very much for this spreadsheet. It will help tremendously when I start my business next month.

@JewellersAcademy 2 года назад

You're so welcome! x

@mrsf2977 5 лет назад

Can you do a video about preparing for a festival pitch like Easter or Christmas. Things like how much stuff to make as a estimate. How you do things? Would be amazing. You videos are very helpful thank you so much

@SuperDevoria 6 лет назад

I am beginning my in-home jewelry business here in Atlanta Georgia, and this worksheet will be very helpful. Thank you so much for sharing.

@jasminepooran8380 4 года назад

Thank you! So clear and concise compared to the websites I’ve been referencing 💕

@littlecraftytraveller6973 6 лет назад

Thankyou for this video, it’s been really helpful to me as I always get confused with the numbers side of things. I love all your tutorials too, you explain them really clearly and they are so easy to follow, Thankyou

@Lynnypopsable 7 лет назад

Thank you so much Jessica, brilliant tutorials. I am really enjoying them and they are so helpful

@angelica7543 7 лет назад

Thank you so much for making this video and for sharing your spreadsheets!!

@syafiradina5114 6 лет назад

Thank you so much! This is SUPER helpful

@Passionbloom52 6 лет назад

Thank you for this , it will be most helpful & have managed to download the spread sheet for future reference

@martacizmarik6270 4 года назад

TY Jess, it is very helpful to use. I will create a similar one using US currency.

@JewellersAcademy 3 года назад

You're welcome x

@phylliselias 6 лет назад

What a brilliant tutorial, and the spread sheet was not hard to find and I have now downloaded it and can finally see how to price what I make, and will be much more clued up as to what my costs really are like when I decide to do a craft fair (I've thought they were a waste of time, but now I know how to price my pieces, I think I can actually make it pay! Thank you so much for your time and videos.

@bridgettepinkelman677 7 лет назад

Thank you so much for the wonderful tutorial!!🌺🌺🌺🌺

@SAHandmadeJewellery143 3 года назад

Wow lovely thanks for sharing this video stay connected

@JewellersAcademy 3 года назад

You're welcome - hope you found it helpful x

@mariaannaleaban1284 3 года назад

Thank you Ms. Jessica! Your chanel is gonna be a big help for me to start my own small business. Goodluck and God Bless! ❤️

@JewellersAcademy 3 года назад

You are so welcome! Do head over to www.jewellersacademy.com for more help and advice on running a jewellery business. You may also like to join our wonderful community of jewellers on our Facebook Group - facebook.com/groups/jewellersacademy x

@IceCream-hp7mm 8 лет назад

Greta tool, thank you so much for sharing! Definitely will be downloading it. All the best and keep up your awesome videos!

@KritTeekDeZigns 4 года назад

Thank you for this info. I still struggle with this process although I have tried it before with a spreadsheet.

@endgamej 8 лет назад

Thank you for uploading videos so we can learn and keeping it real especially for me. I'm in the process of starting my own jewellery bus and researching heaps of stuff, new subbie here from Syd.

@becauseiwanttoknow 5 лет назад

Thank you so much for this video and the spreadsheet. It was so helpful!

@rosettaproffitt590 6 лет назад

I just found your channel, and I love, love , love how this is explained. My question is on stringing material for jewelry. If you buy a bulk spool of thread, let's say 1,000 meters, and I use 5 meters in a piece, how would I input that into my formula?

@jhayzelscollectionau1644 Год назад

Thank you for sharing this Jessica ❤

@JewellersAcademy Год назад

You are very welcome lovely x

@LaTrica01 7 лет назад

thank your so much for this sorry course due those of us just starting our. cause I have been looking at new materials and figuring up price per foot or item and this will help me when i get ready to sell to someone. Thank your so much. This was a blessing to me from you thank you so very much.

@samanthaspeakman2811 7 лет назад

Thank you very much this video is very helpful, I've downloaded the method and will use this to help with costings. Keep up the great work.

@claudiaheinrich8367 4 года назад

I do beadweaving, and used your sheet, that is definately well balanced and thoughtfull. I ended up with 357 € for earrings :-D :-D :-D and that is only with 10 € per hour working time :-D

@dawnmuncaster3774 8 лет назад

Just started watching your videos, really helpful

@doradougherty5192 5 лет назад

So inspiring! Thank you so much!

@maeesha1280 4 года назад

Thank you so much for this. This was super helpful 💕👍

@JewellersAcademy 3 года назад

You're so welcome! x

@bebeberes2656 7 лет назад

Thank you for share, it was a very useful well appreciated.

@IceCREAMCaKe2008 7 лет назад

oh wow - Thanks for this valuable information

@unprodigal87 4 года назад

this was super helpful!!!!! thanks

@cherishmariexo 4 года назад

Oh please tell me this can be converted to dollars!! 🙏 this is brilliant!!

@Istaray 2 года назад

That was very thankful, thanks!

@JewellersAcademy 2 года назад

You are very welcome! x

@tiiug.9973 5 лет назад

Bless you for sharing with all of us. It's a terrific tool.

@JustME-ft4di 2 года назад

Other costs would be tools that need replacing, transport, materials that don’t get used because of mistakes or excess that is cut off etc.

@JewellersAcademy 2 года назад

Yes, these are all potential costs for your business x

@judichristopher4604 7 лет назад

This is really good. Thank you for sharing.

@mcjaegerful 4 года назад

This is really helpful! I am experienced with Excell and will have a lot of fun using your templates! Your advice was also very helpful

@JewellersAcademy 4 года назад

Brilliant! I'm so glad to hear you will find them useful! x

@kerrysmith1019 3 года назад

This is helpful, thank you. Where do you factor in costs like card payments or selling fees for etsy etc, since they are often a % of your sale cost and get taken off at the end?

@JewellersAcademy 3 года назад

You can add those kind of fees on at the end, once you have calculated your final price. x

@RachanaG.. 2 месяца назад

Thank you so much for this information ❤

@JewellersAcademy 2 месяца назад

You are welcome x

@carolynhendrix323 5 лет назад

Where is the spreadsheet? It looks wonderful. I enjoy your videos soooo much and have learned alot. Thanks for sharing!!

@flytronica 5 лет назад

Thanks for this, really useful!

@lyralora 4 года назад

I love ur channel it's so helpful

@jasonsgems3369 6 лет назад

Just found this - nice description, thanks. How do you allocate consumables (e.g. cost of solder, pickle, gas, polishing materials, etc) where you know how much you've spent but this will be spread (unevenly) amongst a number of projects?

@SongOfTheMoon-3SW 6 лет назад

Great video! Thank you so much! Had a question; if I buy, say beads at a discount or sale, what do I charge for the beads? The original price or the discount price? My fear is that if I buy something at a discount, I might not always get that price again. I hope I make sense! Thank you!

@akazicool87 2 года назад

Thank you.

@krithikaramaswamy6731 7 лет назад

Thank you so much! Found it very useful.

@michaela8158 6 лет назад

Your videos are so helpful! Thank you!

@sandipgahatraj3219 8 лет назад

Its great lesson thankyou so much .........for you ideas and help..This lesson helped me a lot....

@JewellersAcademy 8 лет назад

+sandip gahatraj Thank you for the lovely comment, really glad you found it helpful. We also have more free online jewellery business courses at learn.jewelleryschoolonline.com/courses/starting-a-jewellery-business- hope you have a great day. Jessica x

@sandipgahatraj3219 8 лет назад

Can you please suggest me how to develop career in Jewellery Business.....Actually i am from Nepal. I will be grateful to you if provide me some more information.....& thank you so much from the bottom of my heart for your help...wish u a very very good day

@pattikimler8415 8 лет назад

This is brilliant - thanks so much!

@JewellersAcademy 8 лет назад

+Patti Kimler Thanks Patti, really glad you found it helpful. We also have more free online jewellery business courses at learn.jewelleryschoolonline.com/courses/starting-a-jewellery-business- hope you have a great day. Jessica x

@imeldaclay6344 7 лет назад

Thank you, but I think you also nee to include the cost of your time managing your business, like answering to costumers mails, taking photos of your work, uploding to the net, time of arketing, not only cost of marketing, ect..

@ingot_buddy 3 года назад

Thank you for this tutorial, it's super helpful! :)

@JewellersAcademy 3 года назад

You're very welcome! x

@lynntemlett6035 2 года назад

Very helpful. Thank you

@JewellersAcademy 2 года назад

You are very welcome x

@GabrielleCarbonneau 3 года назад

Thank you! This was so helpful!

@JewellersAcademy 3 года назад

You're so welcome!

@doreenhillier9581 6 лет назад

Fantastic tutorial thank you for sharing

@MyOwn2Wheels 3 года назад

This is extremely helpful, thank you.

@JewellersAcademy 3 года назад

Glad it was helpful! x

@suestone8410 Год назад

Great tips

@JewellersAcademy Год назад

Glad it was helpful! x

@flyingcheff 6 лет назад

Hi, according to this video, any amount above material cost you call "profit". But, how is getting paid for your time (labor) considered profit? If it's a job or the work you do to survive, labor IS part of costs; imagine if you are paying someone else to do the labor, THAT would be a cost. You wouldn't consider paying an employee "profit", would you? Wouldn't profit be any amount above both material costs and labor (and overhead - office, utilities, insurance, etc.)? Thanks so much. Can't find the link to the spreadsheet.

@aileensg1 5 лет назад

www.jewellersacademy.com/blog/pricing-your-jewellery-for-profit

@leticialarson4317 3 года назад

I thought the same thing. If you are a company and pay your employee $20 dollars a hours, you are in big trouble. Big lost paying for all the other expenses. Very surprising to me that you are the only one seeing this. I would like to say something also, but it will get lost with so many compliments.

@dakajajewelryllc9849 5 лет назад

Great tutorial.

@petracabanas6115 7 лет назад

thank you! very informative.

@Kamchor_hu 5 лет назад

Beautiful explanation 👍

@bluecactus3371 2 года назад

thank you so much.

@JewellersAcademy 2 года назад

Always welcome x

@paulettesloat3242 7 лет назад

Nice video and thank you for spreadsheet... P.

@emmabellaqueen 6 лет назад

Thank you so much it really helps 😘😘

@jps99 7 лет назад

Nice, thanks!

@sandralarson591 5 лет назад

Thank you. But I am making my crocheted beaded necklaces for 5-10 hours, so the price will be so high. I'm afraid nobody buys it(

@carlasouto7083 3 года назад

so helpful!!

@JewellersAcademy 3 года назад

Glad it was helpful!x

@Dani-tz6jz 5 лет назад

Thanks for sharing, I couldn't find the link....so no spreadsheet!! Do you have it in dollars too?

@josephbrasil7986 7 лет назад

Thank you!

@ahsousayoub6086 3 года назад

Thank you

@JewellersAcademy 3 года назад

You're welcome x

@AllenBibleManGosser 7 лет назад

Just wandered if there was a way to change this to US dollar amount.. great video

@JanaKup 7 лет назад

Thank you for sharing!

@JB-wr4mk 6 лет назад

retail jewelry sales

@ashaazaredo2721 6 лет назад

Good video. Thank you.

@Adwoa-Dwomoh 7 лет назад

great tutorial but couldn't get the spreadsheet..

@xymox61 7 лет назад

Neither could I. I wonder if she ever answers too.

@JewellersAcademy 7 лет назад

Apologies for the slow reply guys, I have been off sick for months! Anyway so glad to have you here and the link you need for the spreadsheet is below. Do let me know if there is anything else we can help with, best wishes Jessica x www.jewellersacademy.com/blog/pricing-your-jewellery-for-profit

@Adwoa-Dwomoh 7 лет назад

London Jewellery School Thanks a lot

@daniellehage1844 6 лет назад

London Jewellery Sc

@CraftyDelights128 8 лет назад

awesome....thank u

@JewellersAcademy 8 лет назад

+Crafty Delights You are very welcome. Thanks for stopping by :-)

@SuperDannyrulez 8 лет назад

Jessica I have a random question for you. Should you charge if you've invested a lot of money into the business as a whole when you just start out? Like adding a fee for all the supplies you needed to buy just to start out that aren't normal fees. Such as tools or storage containers etc. Is that bad practice?

@LateBoomer1964 7 лет назад

I think that would fall under the hidden cost. In the U.S. you can take a tax break your first year on these items.

@JewellersAcademy 7 лет назад

Hello, thanks for the great question. You could add in a percentage or amount on each piece for 'profits' and these will add up over time to pay back your initial investment. If you are pricing your jewellery allowing sufficient margins in each piece this tends to happen naturally, as the business grows and is sucessful you make money and the funds you paid for up-front will be covered. It can take time to get back initial investments through. Great you are thinking about how to make the business sustainable - we have more in-depth pricing tutorials and business training for jewellers in our new course the Jewellery Business Bootcamp at: learn.jewelleryschoolonline.com/p/the-jewellery-business-bootcamp for anyone interested. Thanks again for stopping by and have a great day, Jessica x

@xtine416 7 лет назад

London Jewellery School thanks for the answer. I'm starting a jewelry business and at the beginning you have to buy all the tools and supplies so this answer really helped out.

@elenaisapenguin8690 7 лет назад

London Jewelle

@dawnmuncaster3774 8 лет назад

Wish I had found it sooner

@crushed51 6 лет назад

have two questions for you. 1 How much would it take to actually get started to do thi as a business, rather than just a hobby ?. 2 roughly and realistically, how much can I expect to make, once I have got started ?. No I am definitely not asking you to make an accurate estimation with a view to suing you if I don't make it, I'm just simply looking for a rough ball park income figure. Assuming that I am doing this full time, and working the usual eight hours a day.

@hippygranma 7 лет назад

Good video but I'm unable to find the spreadsheet ... the link in the description brings you to the website but not a pdf.

@JewellersAcademy 7 лет назад

Hi hippygranma, thanks so much for watching and the lovely comment. Apologies the links on this video were not working before - here is the link for the spreadsheet download hwww.jewellersacademy.com/blog/pricing-your-jewellery-for-profit Jessica x

@montoyojewellers 6 лет назад

very valueable info thank you

@hejerry2123 6 лет назад

hi , this your video is very useful , i was trying to download this excel sheet , but when i go to your links , it is no more there.

@emmanuelderzusammenbauer5170 2 месяца назад

Great, only missing information is who would be the kind guy who pays for energy, shop rent, ….

@JewellersAcademy 2 месяца назад

You are right - this always needs to be included in your pricing. o if you are paying for those things, make sure its factored in. x

@preetiverma936 6 лет назад

Thanks☺

@meriemnadjladrabla8568 Год назад

Thank you for your help, I have one question though ... why you don’t include the package costs to the formula when it’s the client that is playing for it? I mean if the costs of boxes, pochettes, envelopes or whatever you use as packaging is including in the formula it means that it is part of the price no? I am a bit confused😂

@JewellersAcademy Год назад

Packaging is included in the formula. Have you downloaded the spreadsheet from the link in comments below? You will see in there that it is included as one of the costs, and then marked up from there. x

@lindaboogaart4456 3 года назад

Hi Jessica, could you tell me how you price yourself, the hours you make, when you are a beginner? Now I don't count my hours in my price bc I don't work that fast already. Could you tell me if 20 pound is a normal tariff for a beginner? And maybe if you aren't that fast yet just put in 1 hour in the pricing cheat? Thanks a lot!!

@JewellersAcademy 3 года назад

Perhaps you could consider dropping your hourly rate whilst you deem yourself to be a beginner? For example, an experienced bench jeweller might charge £25+/hour, but as a beginner/learner this might drop to £10/hour. Hope that helps? x

@WHOAitssusan 6 лет назад

So let's say you just started making a certain type of jewlery and it took you 1 hour to make it. Over time, you get the hang of making it so it takes you 30 minutes to make it. This means that the same jewelry will cost less ... I'm wondering if this will cause problems. Like what if customers think that they were tricked into spending more money etc.