Starting Your Own Handmade Jewelry Business?

Avoid these 12 Mistakes  (Part 2)

Starting up a new business can bring with itself many hassles and headaches. In most cases, you have to bear with them because they can’t be avoided.

Picking up where we left off in the first part, here are a few mistakes you should avoid making when starting your own handmade jewelry business.

7.     Not Marketing Properly

If you haven’t spent time marketing your collection and expect people to just come and find you then may need to think again. You have to make your presence felt. You have to show how wonderful your collection is and how it is the ‘must’ thing to buy. And that is where effective marketing comes into play. So start focusing on it right now.

8.     Being Overwhelmed By the Info

Most people get really excited about gathering innovative jewelry making ideas that will enable them to market their brand and to create jewelry designs that people would actually want to wear. But they are quickly overwhelmed by the amount of info that comes their way. If that happens to you then you need to prioritize your work and get through with it immediately.

9.     Not Having a Financial Plan

You need money to start a new business and most people turn to their credit cards to finance their business. That is not necessarily a bad idea. But you need to be very careful with it. You first need to figure out how you are going to get out of debt (should things go wrong) before you start making transactions.

10.Going all out at Trade Shows

Trade shows are lucrative platforms for businesses to build their clientele. But jumping into one trade show after another without bothering to see how much you are earning from them might come back to haunt you. In the end, you might end up owing more money than you make. So make your decisions wisely.

11.Not Setting GoalsNot Setting Goals

Setting up goals usually motivates people to do things bigger and better. You can set up weekly, monthly or yearly goals on how much pieces to sell. Try to beat the set target every time. Set new goals as soon as you achieve the old ones.

12. Not Investing in Yourself

Most businesses don’t last long if they don’t expand or offer different products or services over time. If your business stays stagnant then it is more likely to shut down quickly. So try to embrace change, and adhere to what’s trending in handmade jewelry.

For amazingly creative jewelry making ideas, tips on how to set up a functioning jewelry studio and much more, browse through the rest of our website.