3 Ways to Save Money When Starting a Jewelry Design Business

Jewelry design is more than just a hobby for many jewelry enthusiasts, it’s a lifelong dream. Whether you’ve taken years of classes to earn your license as a master craftsperson or you’re about to start selling your own homemade designs online, starting your jewelry business will require an investment. However, there are ways where you can trim costs.

1. Hire a Refining Group

The best precious metal refiners have extended access to materials that they can then turn around and sell at a much more affordable rate than most suppliers. They gather the metal you need from shavings and used parts of things that seem to have nothing to do with jewelry making, such as aircraft. They then refine them into workable metal for jewelry makers. It’s much cheaper to get your supplies from them.

2. Gather Materials to Refine

Refiners also allow professionals to give them material from which they can refine metal. Save even more money when you provide the metal shavings or parts instead of relying on the supply they already have in stock. Talk to the experts about the best sources to find these parts and see if there are any junk yards or used parts places in your area.

3. Take Charge of Advertising Yourself

If you have the money, a good advertising firm can make a big difference to the launch of your business. However, if you’re operating on a limited budget, it makes sense to take charge of your own marketing. Create social media profiles for your business and engage the jewelry lovers online through relevant posts about the industry. 

Don’t be afraid to talk to other professionals in the jewelry business about how they saved money when starting their own lines. Input from your colleagues is especially crucial when you’re crafting on your own. So sign up for trade shows, conventions, and local artist fairs to start getting your name out there.