Home Based Jewelry Business

Posts Tagged ‘jewelry’

5PCS MULTICOLOR CRYSTAL SPACER EUROPEAN CHARM BEADS JEWELRY FINDINGS 8MM    US $.01

5PCS CLEAR CRYSTAL SPACER EUROPEAN CHARM BEADS JEWELRY FINDINGS 8MM    US $.01

002 CARAT D COLOR VS1 ROUND NATURAL LOOSE DIAMOND FOR JEWELRY SETTING 179 106    US $.01

10 PCS OLIVE SILVER SPACER LOOSE BEADS JEWELRY FINDINGS 3X6 MM    US $.11

Question: how to price silver handmade things?

when i make silver things, jewelry and pendents. i usually weigh them and see how many grams of silver i used... how do i price based on that...is their and online calculator of some kind i can you to count how much money worth of silver i used? (i know the price changes everyday but i need an avg.)
also how much cost would you put in for the work? (of say a ring with no stones for example)
thanks!

Answer: I typed "current price of silver" into my browser and came up with a list of sites. To know what the average is you can track the price for a few days, or search around for a site that has a long enough record to figure it out.

Another option is to record the prices on days that you buy materials and then average those days together. After all those are the prices you actually paid, so it makes sense to average them rather than random days.

Many artists price their work by takeing the price of the materials used and multiplying by three. Since silver is so expensive this method may leave your prices on the high side.

Another idea is to look at similar works by other artists and check their prices. If you're going to be competing with other silverworkers at a venue like a show or website, you can bet that shoppers will be comparing prices. Take a look around where you plan to sell and price to compete. You can get away with charging a little above other sellers if your merchandise has some built in appeal like being one of a kind in some meaningful way, made of superior materials or with better techniques, etc.

A last consideration is to think about who your customer is and why they are buying your product. Customers will often pay a little more for gifts than they will pay for themselves. Customers who are buying for themselves are often interested in sales that reward them for buying multiples like a discount on matching earrings when you buy a necklace or any sales that involves the phrase "buy one get one."

Price items for what you feel is fair to yourself and to the buyer.

Jewelry Making: Wire-Wrapped Pendant

5PCS MULTICOLOR CRYSTAL SPACER EUROPEAN CHARM BEADS JEWELRY FINDINGS 8MM    US $.01

5PCS CLEAR CRYSTAL SPACER EUROPEAN CHARM BEADS JEWELRY FINDINGS 8MM    US $.01

002 CARAT D COLOR VS1 ROUND NATURAL LOOSE DIAMOND FOR JEWELRY SETTING 179 106    US $.01

10 PCS OLIVE SILVER SPACER LOOSE BEADS JEWELRY FINDINGS 3X6 MM    US $.11

How to Lesson for Valentine's day

5PCS MULTICOLOR CRYSTAL SPACER EUROPEAN CHARM BEADS JEWELRY FINDINGS 8MM    US $.01

5PCS CLEAR CRYSTAL SPACER EUROPEAN CHARM BEADS JEWELRY FINDINGS 8MM    US $.01

002 CARAT D COLOR VS1 ROUND NATURAL LOOSE DIAMOND FOR JEWELRY SETTING 179 106    US $.01

10 PCS OLIVE SILVER SPACER LOOSE BEADS JEWELRY FINDINGS 3X6 MM    US $.11

Question: I run an online bead,findings,& jewelry shop. How do I become a legit Business?Please & Thanks?

Ok now a bit more info about my situation.
I sell beads,supplies,jewelry,art,collectables(all handcrafted) online & at local art & craft shows in Illinois. I have been selling since last year(2009 October),however I opened a new shop in January this year. I buy wholesale and resell it, make the jewelry and art myself and we are starting to do well in our shop.What do I need to do to make this all LEGAL? I am so confused when I research online. Do I need a State tax ID,do I Need a Federal Tax ID,A business liceans? I run this mostly by myself,my hubby only delivers packages to the post office,so I have no employees for now. Its all done at home in my office.My office is a gallery,work area,storage area(for products to be sold),this is where all my shipping materials,scale,Laptop,printer,files....are all at.

Answer: A business license is probably required in your town. If your state has sales tax, you should register your business with the state, collect sales tax, and remit it to the state.

You can, if you want, form a corporation or LLC. I assume that you are paying taxes on your income.

If you have a shop, you better get insurance.

If you start paying wages, and salaries, you better be registered with the state and pay all the appropriate taxes.

Jewelry Making & Supplies: Sweetheart Earrings