Do you know the jewelry industry is growing strong at a rate of 5% every year? Simply put, it will generate $294 Billion in sales by 2020 from $169 Billion in 2018! What drives WithJK is there’s no better time to dive into the market than now! If you have the passion for making jewelry, I will teach you how to get started on your online jewelry business while making groundbreaking profits with just a laptop, internet and PayPal today!
Imagine making $50,000 in the first year of running your dream jewelry business in your first year alone. That is what you can earn if you’re thorough about setting up your online jewelry. That being said, not many entrepreneurs end up with the riches you are imagining because most are alone in their struggles. They make irreversible mistakes and expensive errors.
But, you don’t need to fail to win. We know what makes and breaks in the jewelry business. And, we will tell you all about it in a minute. Read on!
Are you a creative person? Do you know how to craft jewelry? Would you like to make great profits and a brand under your jewelry designs? Perhaps you know nothing about starting a business or designing jewelry. Rest assured; unlike amateur entrepreneurs, with the help of our experienced team, you can start your own jewelry brand and business without breaking your back or your bank.
Below are five comprehensive ways for beginners to get started on a creative jewelry business.
Jewelry is a high-end purchase used to upgrade the look and personality of the wearer. That’s why, more than half of men and women aged 18-49 years bought jewelry in 2018, in the U.S alone. It is a thriving industry if you do your homework right!
The process of market research includes measuring the jewelry customers to strategize the business plans for your own designs. It is not marketing research, but a collection of organized data on the jewelry market itself. For example, statistics such as ‘high-income consumers are attracted to jewelry’ or ‘millennials spend most in Holiday seasons’ will highlight the reasons that drive jewelry sales.
Lack of market research is the main reason why most amateur jewelry businesses never make it to the next year. Once you streamline the preferences and demands of jewelry customers, you will be able to forecast how successful your own designs will fare.
Midway through market research, you will realize the age group and type of demographic captivated by jewelry. This eases your job on defining who your potential customer is.
Why does your target customer matter? If you start your jewelry business targeting the entire population on earth, you will find it tough to create a brand identity amongst any audience. On the contrary, focusing on brides for bridal-wear-jewelry or working women for office-wear-jewelry saves your effort, time and money. It helps you focus on the right demographic without wasting time on customers who would never buy from you. In fact, “no one can target everyone”.
The goal is to find the niche for your designs. It is where you will spot the ideal customer who would fall in love with your designs, just as much as you do!
If you’re looking for a rough number, anything from $120 to $5,000 can help you buy custom rings. When you add setting up an online shop, production, delivery, and marketing, the total costs can blow into hundreds and thousands. Often, new to the business end up exhausting their budget due to short-sighted business strategies.
That’s why a rough cost is not what you should be looking at. On the flipside, create an estimate of funds you can set aside for kickstarting your dream jewelry business. WithJK, you will already know exactly the cost of setting up your jewelry line. All you will need to do is concentrate on your marketing strategy.
While hundreds of entrepreneurs flock to start their businesses, over 50% fail within one year in the U.S alone. Why? The reason has to do more with lack of insight and experience than quality. A forever ring is not like a laptop, there are no fair trade-in plans every couple of years.
The prospect of starting your own dream jewelry sounds lucrative in the start but fades off once the risks start to appear. From Capability Risk to Design Risk, Development Risk, Economic Risk, and Maintenance Risk, there are scores of risks that dare an entrepreneur starting alone.
Believe us, risks are no bed of roses when you’re laying the foundation of a jewelry business. However, WithJK we will make sure that your dream shop online is set-up stress-free.
Challenges of starting anything on your own is scary. WithJK will lead you to success with methodical counsel. We offer you the hassle-free option of being part of our Exclusive Affiliate Program, where the business direction is clear and straightforward.
We will make sure that every single step to achieve your shimmering online business will be done without a hassle on your side. Designing your dream jewelry by collaborating with expert designers as well as setting up your online shop with specialist developers will be a cakewalk when you sign up with us. We can help set up your online shop so that your customer will click on ‘Buy’, every time they visit your store.
Sounds good? Book a consultation with our experts TODAY!Click the link below.
With jewelry trending higher every passing second, millennials and baby boomers are raving about jewelry purchases each day. Don’t you want a piece of the fame? From experience to expertise, WithJK knows the ups and downs of the jewelry industry to set up your business to success without fuss.
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