Pricing Your Jewelry for Profit - Handmade Jewellery Business
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- Опубліковано 23 сер 2024
- Pricing your jewellery can be challenging, learn how to master the technique with this fantastic worksheet and guidance from jewellery business expert Jessica Rose. Calculate your wholesale, retail and cost price of handmade items in your handmade jewellery business.
Download the spreadsheet from the website here:
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Do stay in touch and feel free to message us at anytime: jessica@jewellersacademy.com
Happy making!
With love, Jess x
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Hey Guys - thanks so much for stoping by and watching. The link to download the spreadsheet used in the video is here: www.jewellersacademy.com/blog/pricing-your-jewellery-for-profit I hope you enjoy, Jessica x
I have only one word. Thank you. I know how to work excel but I am so tired from work and then i have a 5 year old plus the jewellery, I did not had the strainth to do it. Thank you again !
You're very welcome! x
thank you so much for this! This really helped me A LOTTT! Have been dreading pricing my work for about a week now. and this made it a whole lot easier!
I’m just starting out learning how to make earrings, and I would like to turn it into a business eventually. I checked several other tutorials on UA-cam, but yours was the best, as far as making the loops on beaded earrings. I successfully made several pairs of earrings last night, thanks to that. This worksheet and the guidelines are also excellent, thank you very very much!
You're so welcome. Glad you're finding all of our videos helpful x
Thank you Jessica, for this excellent video!I've been selling my jewelry for several years now & still found this very helpful. I also downloaded your free spreadsheet (thank you!), bookmarked your website & signed up for your newsletter (& free stuff!) Your lovely personality & good marketing skills led me to do so, so yay you! thanks much & best wishes!
Thank you so very much. Learned more in this 17 minute video than have learned in several books.
Ron USA
Super tips! Thank you Jessica! I pretty much follow the basic outline, but wasn't sure if I was on the right track.. now this has given me a lot of clarity and confidence.
Thank you for all your practical introductions to the jewelry business.
Very helpful. Probably telling us what we already know if we were to think about it properly but a very clear and helpful guide. I never thought putting it in a spread sheet. Thank you.
Kind Regards . . . Andy
Hey lovely, I am so pleased that you found this helpful 💕 x
Awesome tutorial. I've been in business before and never thought about the marketing budget. This allows me to not only see how much I need to sell to ensure the craft fair was worth the money, but it still allows me to keep a profit for my work. Thanks
Hi, I have learnt so so much from this channel!! Thank you very much for all the information. I have one question.. If you were to post your jewelry ( especially earrings ) What would be the cheapest way to post? But also at the same time packaging it well enough so they don't break. Thanks.
Thank you very much for this spreadsheet. It will help tremendously when I start my business next month.
You're so welcome! x
Jessica, your helpful tips videos have been FANTASTIC!!!! 👍👍
+rebeccajns Thank you so much for the lovely comment. Really appreciate it and so glad they are helpful. Have a wonderful day. Jessica x
Incredibly useful. Thank you so much Jess!
You're so welcome! x
can i say i luv u!.. u don't know how much u've helped me. Thanks so much for sharing :)
Very CLEAR and helpful video!!! Fantastic!
Glad it was helpful! x
Thankyou for this video, it’s been really helpful to me as I always get confused with the numbers side of things. I love all your tutorials too, you explain them really clearly and they are so easy to follow, Thankyou
I am beginning my in-home jewelry business here in Atlanta Georgia, and this worksheet will be very helpful. Thank you so much for sharing.
Thank you so much Jessica, brilliant tutorials. I am really enjoying them and they are so helpful
Very helpful. Just thought about boxes etc for display
Thank you Ms. Jessica! Your chanel is gonna be a big help for me to start my own small business. Goodluck and God Bless! ❤️
You are so welcome! Do head over to www.jewellersacademy.com for more help and advice on running a jewellery business.
You may also like to join our wonderful community of jewellers on our Facebook Group - facebook.com/groups/jewellersacademy x
Thank-you for the guidance and spreadsheet
Thanks Jessica. I appreciate and learned a lot. I'm from the Philippines, a Jewelry Manfg. / Technical Consultant
Thank you! So clear and concise compared to the websites I’ve been referencing 💕
Can you do a video about preparing for a festival pitch like Easter or Christmas. Things like how much stuff to make as a estimate. How you do things? Would be amazing. You videos are very helpful thank you so much
What a brilliant tutorial, and the spread sheet was not hard to find and I have now downloaded it and can finally see how to price what I make, and will be much more clued up as to what my costs really are like when I decide to do a craft fair (I've thought they were a waste of time, but now I know how to price my pieces, I think I can actually make it pay! Thank you so much for your time and videos.
Thank you so much for making this video and for sharing your spreadsheets!!
Thank you for this , it will be most helpful & have managed to download the spread sheet for future reference
thank your so much for this sorry course due those of us just starting our. cause I have been looking at new materials and figuring up price per foot or item and this will help me when i get ready to sell to someone. Thank your so much. This was a blessing to me from you thank you so very much.
I just found your channel, and I love, love , love how this is explained. My question is on stringing material for jewelry. If you buy a bulk spool of thread, let's say 1,000 meters, and I use 5 meters in a piece, how would I input that into my formula?
Thank you for uploading videos so we can learn and keeping it real especially for me. I'm in the process of starting my own jewellery bus and researching heaps of stuff, new subbie here from Syd.
TY Jess, it is very helpful to use. I will create a similar one using US currency.
You're welcome x
Thank you very much this video is very helpful, I've downloaded the method and will use this to help with costings. Keep up the great work.
Greta tool, thank you so much for sharing! Definitely will be downloading it. All the best and keep up your awesome videos!
Thank you so much for this video and the spreadsheet. It was so helpful!
Thank you so much for the wonderful tutorial!!🌺🌺🌺🌺
This is really helpful! I am experienced with Excell and will have a lot of fun using your templates! Your advice was also very helpful
Brilliant! I'm so glad to hear you will find them useful! x
Thank you so much! This is SUPER helpful
Thank you for this info. I still struggle with this process although I have tried it before with a spreadsheet.
Where is the spreadsheet? It looks wonderful. I enjoy your videos soooo much and have learned alot. Thanks for sharing!!
Just started watching your videos, really helpful
Bless you for sharing with all of us. It's a terrific tool.
Wow lovely thanks for sharing this video stay connected
You're welcome - hope you found it helpful x
Thank you so much for this. This was super helpful 💕👍
You're so welcome! x
Just found this - nice description, thanks. How do you allocate consumables (e.g. cost of solder, pickle, gas, polishing materials, etc) where you know how much you've spent but this will be spread (unevenly) amongst a number of projects?
So inspiring! Thank you so much!
I do beadweaving, and used your sheet, that is definately well balanced and thoughtfull. I ended up with 357 € for earrings :-D :-D :-D and that is only with 10 € per hour working time :-D
Great video! Thank you so much! Had a question; if I buy, say beads at a discount or sale, what do I charge for the beads? The original price or the discount price? My fear is that if I buy something at a discount, I might not always get that price again. I hope I make sense! Thank you!
this was super helpful!!!!! thanks
Oh please tell me this can be converted to dollars!! 🙏 this is brilliant!!
Thank you for share, it was a very useful well appreciated.
Thank you for sharing this Jessica ❤
You are very welcome lovely x
Its great lesson thankyou so much .........for you ideas and help..This lesson helped me a lot....
+sandip gahatraj Thank you for the lovely comment, really glad you found it helpful. We also have more free online jewellery business courses at learn.jewelleryschoolonline.com/courses/starting-a-jewellery-business- hope you have a great day. Jessica x
Can you please suggest me how to develop career in Jewellery Business.....Actually i am from Nepal. I will be grateful to you if provide me some more information.....& thank you so much from the bottom of my heart for your help...wish u a very very good day
That was very thankful, thanks!
You are very welcome! x
oh wow - Thanks for this valuable information
This is helpful, thank you. Where do you factor in costs like card payments or selling fees for etsy etc, since they are often a % of your sale cost and get taken off at the end?
You can add those kind of fees on at the end, once you have calculated your final price. x
I love ur channel it's so helpful
This is really good.
Thank you for sharing.
Thank you so much for this information ❤
You are welcome x
Thanks for this, really useful!
Your videos are so helpful! Thank you!
Thank you.
Thank you for this tutorial, it's super helpful! :)
You're very welcome! x
Thank you so much! Found it very useful.
Fantastic tutorial thank you for sharing
This is brilliant - thanks so much!
+Patti Kimler Thanks Patti, really glad you found it helpful. We also have more free online jewellery business courses at learn.jewelleryschoolonline.com/courses/starting-a-jewellery-business- hope you have a great day. Jessica x
Very helpful. Thank you
You are very welcome x
Thank you! This was so helpful!
You're so welcome!
Hi, according to this video, any amount above material cost you call "profit". But, how is getting paid for your time (labor) considered profit? If it's a job or the work you do to survive, labor IS part of costs; imagine if you are paying someone else to do the labor, THAT would be a cost. You wouldn't consider paying an employee "profit", would you? Wouldn't profit be any amount above both material costs and labor (and overhead - office, utilities, insurance, etc.)? Thanks so much. Can't find the link to the spreadsheet.
www.jewellersacademy.com/blog/pricing-your-jewellery-for-profit
I thought the same thing. If you are a company and pay your employee $20 dollars a hours, you are in big trouble. Big lost paying for all the other expenses. Very surprising to me that you are the only one seeing this. I would like to say something also, but it will get lost with so many compliments.
This is extremely helpful, thank you.
Glad it was helpful! x
Thanks for sharing, I couldn't find the link....so no spreadsheet!! Do you have it in dollars too?
Great tutorial.
Thank you, but I think you also nee to include the cost of your time managing your business, like answering to costumers mails, taking photos of your work, uploding to the net, time of arketing, not only cost of marketing, ect..
thank you so much.
Always welcome x
Beautiful explanation 👍
thank you! very informative.
Thank you so much it really helps 😘😘
Great tips
Glad it was helpful! x
Just wandered if there was a way to change this to US dollar amount.. great video
Other costs would be tools that need replacing, transport, materials that don’t get used because of mistakes or excess that is cut off etc.
Yes, these are all potential costs for your business x
Nice video and thank you for spreadsheet...
P.
Thank you!
Thank you. But I am making my crocheted beaded necklaces for 5-10 hours, so the price will be so high. I'm afraid nobody buys it(
Thank you
You're welcome x
so helpful!!
Glad it was helpful!x
Jessica I have a random question for you. Should you charge if you've invested a lot of money into the business as a whole when you just start out? Like adding a fee for all the supplies you needed to buy just to start out that aren't normal fees. Such as tools or storage containers etc. Is that bad practice?
I think that would fall under the hidden cost. In the U.S. you can take a tax break your first year on these items.
Hello, thanks for the great question. You could add in a percentage or amount on each piece for 'profits' and these will add up over time to pay back your initial investment. If you are pricing your jewellery allowing sufficient margins in each piece this tends to happen naturally, as the business grows and is sucessful you make money and the funds you paid for up-front will be covered. It can take time to get back initial investments through. Great you are thinking about how to make the business sustainable - we have more in-depth pricing tutorials and business training for jewellers in our new course the Jewellery Business Bootcamp at: learn.jewelleryschoolonline.com/p/the-jewellery-business-bootcamp for anyone interested. Thanks again for stopping by and have a great day, Jessica x
London Jewellery School thanks for the answer. I'm starting a jewelry business and at the beginning you have to buy all the tools and supplies so this answer really helped out.
London Jewelle
Good video. Thank you.
Hi Jessica, could you tell me how you price yourself, the hours you make, when you are a beginner? Now I don't count my hours in my price bc I don't work that fast already. Could you tell me if 20 pound is a normal tariff for a beginner? And maybe if you aren't that fast yet just put in 1 hour in the pricing cheat? Thanks a lot!!
Perhaps you could consider dropping your hourly rate whilst you deem yourself to be a beginner? For example, an experienced bench jeweller might charge £25+/hour, but as a beginner/learner this might drop to £10/hour. Hope that helps? x
Nice, thanks!
hi , this your video is very useful , i was trying to download this excel sheet , but when i go to your links , it is no more there.
awesome....thank u
+Crafty Delights You are very welcome. Thanks for stopping by :-)
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.
Thank you for sharing!
retail jewelry sales
Thank you for your help, I have one question though ... why you don’t include the package costs to the formula when it’s the client that is playing for it? I mean if the costs of boxes, pochettes, envelopes or whatever you use as packaging is including in the formula it means that it is part of the price no? I am a bit confused😂
Packaging is included in the formula. Have you downloaded the spreadsheet from the link in comments below? You will see in there that it is included as one of the costs, and then marked up from there. x
Good video but I'm unable to find the spreadsheet ... the link in the description brings you to the website but not a pdf.
Hi hippygranma, thanks so much for watching and the lovely comment. Apologies the links on this video were not working before - here is the link for the spreadsheet download hwww.jewellersacademy.com/blog/pricing-your-jewellery-for-profit Jessica x
very valueable info thank you
Sorry but what is the name for a menu but for bracelets and necklaces?
Wish I had found it sooner
I love your videos, just one thing. I live in America and your spreadsheet is in pounds. Is there anywhere i can get a version that uses the dollar system, I tried to go in and change it myself but broke the spreadsheet in the process. :(
You can easily do that yourself. Save to your computer and then choose the two columns where you want to change it to dollars, right click, choose currency and save.
great tutorial but couldn't get the spreadsheet..
Neither could I. I wonder if she ever answers too.
Apologies for the slow reply guys, I have been off sick for months! Anyway so glad to have you here and the link you need for the spreadsheet is below. Do let me know if there is anything else we can help with, best wishes Jessica x
www.jewellersacademy.com/blog/pricing-your-jewellery-for-profit
London Jewellery School Thanks a lot
London Jewellery Sc