Small Business Start-Up Basics: How to Start a Jewelry Sales Business

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How to Start a Jewelry Sales Business

Given that Wal-Mart has a stranglehold on 5% of all jewelry sales, and the four largest chains/retailers together hold only 17%, is there a future in starting a home jewelry sales business? The answer is a most emphatic, yes!

In a market where sales growth has slowed steadily over the last four years, people are looking for the best buys possible for those luxury items like watches, pins, brooches, earrings, and necklace sets. Those can often be had from a home jewelry business for several reasons.

Most jewelry business operated from home are sole proprietorships, with one person the only “employee”. When your home is your office, there is no expensive overhead, although you can make deductions on your income tax for certain expenses. This allows entrepreneurs to buy higher quality items that can be offered for lower prices than in retail stores.

To start up a business on your own can be prohibitively expensive if you must buy and keep on hand a certain amount of stock.

Most home jewelry sales businesses are operated as part of the network for established companies. This can be in one of many forms, with individual consultants receiving a given percentage commission on each item sold, with a variety of incentive and bonus plans.

Products are displayed and ordered by your customers at home showings or “parties”, where they are free to choose whatever attracts them from your selection of samples and catalogues.

If you are interested in the opportunities offered by the jewelry sales business, visit here for more information.

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The opinions, suggestions, instructions expressed in these pages are those of the author, not of AlbertaRose.org. All answers are intended to be general in nature, without regard to specific geographical areas or circumstances, and should only be relied upon after consulting an appropriate expert, such as an attorney or accountant. Article and Information Sources include but are not limited to: IRS.gov; BusinessTown.com; Entrepreneur.com; Inc.com; StartupJournal.com