Quick Start Jewelry Business Tips for Newbies 

1. Decide business structure ahead of time. Usually, sole proprietorship. Options: dope proprietor, LLC, S Corp. Find out which corporate structure works best for tour business. Look into liabilities, personal protection, etc. 2. Have resale license or certificate of authority. This allows you to buy from wholesale vendors. 3. Make sure you have a separate bank account for ur business. Don’t use ur personal account to buy things. Being audited is a nightmare. 4. Make sure you’re using an accounting system and invoicing systems like Quickbooks. 5. Make sure you’re managing your time properly. If you’re overwhelmed and not feeling motivated, you aren’t properly structuring your day. Time management is important to getting the most out of your day. 6. Don’t price ur jewellery the wrong way. Price for wholesale first. Minimum: (cost of materials + labour) x2 = wholesale price. Compete in value of product. Ty!!!

I am only 7 minutes in the video and I am so thankful for this video!!! Thank you soooooo much for all of this great information!!!!

Thanks for sharing the video. I am on the third year now doing handmade jewelry and now stuck on how to manage better sale and marketing.

What a great video, thank you for the helpful tips. 👍😊👏.

I just want to say I really appreciate your content.

Hello! The time optimizer checklist link is not working. Can you put out an updated link?

First of all, thanks for sharing your knowledge and helping us on our journey! :) I have a doubt concerning pricing: This method is valid also for materials like gold and precious stones? If I price my jewelry like that, my products will be more expensive than many of the famous brands here... any advice?

This video was so great! Thank you for sharing also I had a question when you said to keep your business account separate from your personal? So with that being said how to you profit from your business if your aren’t aloud to use what’s being put into your business account? Just really confused about that hope you can help

Gir,l Yes, you are awesome for posting this!!

Great tips. Thank you.

Hi Flourish and Thrive! Thank you for existing and helping us all! I’ve just found your channel. New sub UK

I am getting started not sure how yet . Thank you. I will pay close attention.

This is gold, thank you so much!

I was watching your recent video about choosing the right price about time and labor

So good!!

wow thank great info

Wonderful!!

I want to start selling but don't really know where to begin. So I have nothing yet and want to start buying equipments or gems should I open a business account, put money in there and start using money from my business account so I can include that in my tax?

Hi can't download Beginners Guide to Starting Your Jewelry Biz, can you please check the link

OMG...that is my biggest dilemma...'Time Management" I am a wife, mother of 4 boys, take care of my elderly mom, and have two cats and a dog. Not to mention I work full time...Luckly I work 7on 7off...I try to utilize my 7off for personal business productivity but that doesn't always work out so well..

I think it might be helpful when you are discussing "perceived value" to show an actual piece of jewelry that has a high perceived value and one that has a low perceived value because it is difficult to understand exactly what that means. What do you think, Tracey?

Great info thanks

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.

I have a question I am getting ready to sell costume jewelry but I want a better name to call it other then costume jewelry. what other names are there to call costume jewelry?

The pricing cheat sheet would not download. Is there another option?

Hi. should i charge tax on the the jewelry i make and sell?

Who do you recommend for a wholesaler?

Does the Facebook Group no longer exist?

Mac compatibility with Mac.... FYI...US Treasury (IRS) software is uncompatiible with Apple Safari software.

👍🔥😎

Hello I am here chantia

LOLA ROSSA JEWELLERY

I am a

I am a jewelry business newbie

Newby

ouch!! my ears..