For How Much You Can Sell Your Handcrafted Jewelry

This is another area of handcrafted jewelry business that perplexes a lot of people, however it is actually very simple. You just have to take not of the costs of your materials, how much work you have placed on the crafts, and the overhead. To do this you need three steps: 1. List the cost all the materials and tools you used for making the jewelry. 2. Carefully think how much time and effort you gave to make your goods and decide how much you are willing to pay yourself. Perhaps in the beginning it is reasonable to pay yourself $10 or so for every hour you worked. You can increase this as your business grows. 3. Finally, take not of all the other expenses that is related to your jewelry making. This could include the rent of the stall in the trade fair you joined, or the website maintenance expenses, or the telephone charges you got from calling contacts. Usually, these miscellaneous expenses can be estimated by taking 25% of the your material and labor costs. With these in mind you would know how much your goods are worth, so that you would neither overprice nor under-price. Making money out of your handcrafted jewelry is not as difficult as it seems. With determination and hard work you could be earning from your hobby in no time.