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Home > Home Business Profiles > Mother's Bracelets

Home Business Profiles:
Mother's Bracelets

Name: Leah Nelson

Company Name: The Spelling Bead

Website: www.thespellingbead.com

Type of Products/Services Offered: Mother's bracelets

Start Up Cost: $3,000-$5,000

 

What did start up costs go for ?: Beads, silver wire, tools, books, digital camera, scanner, software.

Earning Potential: $5,000-unlimited!

Skills Needed: Patience, creativity, salesmanship,

Special Equipment Needed: Some tools your husband might have in the garage: long nose pliers, crimping pliers, bent-nose pliers, cutters

Best Customers/Target Market: Moms, just like you and me!

Resources & Organizations that help: The internet was most helpful, when I got started. Also, bead stores can show you (usually for free) how to make basic bracelets, earrings and necklaces. Bead and Button magazine is inspirational.

 

Any Tips?: Before I started making jewelry, I wanted to make sure I would enjoy it. I took my old jewelry apart and made new jewelry out of it! After a while, the "bug bead" bit me and I would lie awake at night thinking about new designs! So, my first tip would be to make sure you like it before spending hundreds of dollars on beads and tools. Secondly, contact a local bead shop and they can provide (usually for free) basic information on how to make earrings, close clasps, etc. I began making jewelry gifts for my family. My family would wear it to work and I would then get orders from my parents' and sisters' colleagues. I also let all my friends know that I made jewelry. Word spread and I soon had people calling me to make a particular piece. After a year of making and selling a little of my jewelry, I decided to launch a website. It took several months before I was listed on the search engines, but by the time I got my first online order I had only been making jewelry for a little over a year. So, I guess my third tip would be to be patient. It takes time to build a business and you really don't get rich overnight. Another tip would be to do craft shows and fairs. The cost is usually nominal and it's a great way to get your name out in the local area. I've also been approached by a local store to display my jewelry. I've also displayed in my hairdresser's salon. There are so many opportunities it's hard to name all of them. Also, I read all the magazines (Bead and Button, Lapidary Journal) that I can get, then I go online to check out new companies from which to buy beads. If you want to be in the jewelry business, I suggest getting a tax ID from your state. I buy all my raw materials wholesale and it really does save me a ton of money! The drawback is that you have to keep very good expenditure/income records for the IRS and your state taxing authority. In short, making jewelry is a fun and somewhat lucrative job. I have the flexibility of staying home with my two young sons and I also bring in a little income for the family. I haven't gotten rich, but I thoroughly enjoy what I do!

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