Generally, paper jewelry comes under the costume jewelry segment. These are very elegant and trending fashion jewelry items. These are also popular as quilling jewelry. Any individual can start a paper jewelry-making business at home. Additionally, it is a great business for women entrepreneurs and students.
Actually, with different types of paper and simple hand tools, you can create beautiful jewelry. There is no need for machinery. Additionally, a home-based operation allows you to work in flexible time hours. Also, you can produce some other products like designer bindis from the same unit.
Actually, the business is perfect for a part-time venture. We don’t recommend you to take this type of business as your primary income resource until and unless you get enough confidence in it. Definitely, start it as small. And find potential opportunities to expand the business after you get adequate knowledge and experience.
Is Paper Jewelry Business Profitable?
Nowadays, women prefer beautiful pieces of jewelry that cost small. Hence, one can afford to change the jewelry every day according to their outfits. Therefore, this type of piece of jewelry is getting immense popularity.
Basically, these are very popular among teenagers, college-goers, and working women. Moreover, the women who need to go out for educational or professional purposes tend to wear different fashionable pieces of jewelry.
Here are the 8 Steps to Start Paper Jewelry Making Business
1. Understand the Local Market
The first step to starting a jewelry-making business is to conduct market research. Generally, the fashion jewelry trend changes very frequently. So, you need to find out the latest trends. Additionally, identify what type of paper jewelry has bigger demand in the market. Who are the established companies? And how you will compete with them?
2. Create a Business Plan
All the information collected from market research will help in writing your paper jewelry business plan. When you are starting from the home, it is important to get financial calculations. You must craft a financial plan. Calculate the costs related to procuring materials and advertising expenses. Some of the basic topics that your paper jewelry business plan document must address are the following:
- Initial and recurring costs
- Target customers
- Pricing plan
- How do you plan to sell your jewelry items?
3. Get the Required Skills
There are several resources where you can get ideas for preparing beautiful pieces of paper jewelry. You can watch youtube videos to get tutorials. Additionally, you can search on Pinterest too. There are several free jewelry-related blogs you can find on the web. Also, you can follow them. However, you can join a jewelry-making institute also. Moreover, you must have adequate skills for making paper jewelry before starting this business.
4. Select the Items
There are several items that come in paper jewelry. The list includes earrings, necklaces, bangles, pendants, beads jewelry, bracelets, rings, lockets, hairpins, etc. Furthermore, one single item comes with different designs, patterns, and sizes. So, if you are an absolute beginner in this field, then start with a single item. Generally, earrings are most popular in the segment. However, select your item depending on the demand and your capacity.
5. Arrange Startup Capital
According to your business size, you will need to arrange the capital first. Even, you start from home, you must determine a space for work. Additionally, you will need to procure raw materials and other equipment, and hand tools.
In starting this business, you can use your savings as it demands a very small investment. Otherwise, you can also take funds from your relative or friend’s circle.
6. Procure Equipment
Determine a space as your workstation. You need a table and at least one chair. Depending upon the specific jewelry you want to produce, you have to buy equipment and tools.
7. Procure Paper Jewelry Raw Materials
In paper jewelry making, you can use several different types of paper. However, quilling papers are most popular. Also, you can use different hard colorful papers to make jewelry. Apart from papers, you have to procure different decorative items like beads, lace, moti, different threads, etc.
8. Sell Your Paper Jewelry
There are several options you can explore for selling your paper jewelry. In the offline, fairs are the most potential places for selling your items. Also, you can consider local craft stores as your potential business selling avenues. And definitely, you can open a small store or kiosk to sell your jewelry.
Another out-of-the-box idea is establishing a partnership with other established retail businesses that deal with women’s items. As an example, you can partner with a lady’s garments store or an imitation jewelry store. Take a small counter space and keep jewelry there. And you can share the profit percentage with the shop owners. In initiating any sort of small business, you must be a little bit creative in finding new avenues.
How to Sell Quilling Products Online
There are plenty of ways you can sell quilling products online very easily and even from home. Actually, selling quilling products online is itself a financially feasible business model for home-based entrepreneurs. Here we provide 5 trending ways to sell quilling products online to become successful in the paper jewelry business.
- For online selling, you must consider the marketplaces. Generally, eBay, Etsy, and Amazon are the best places for selling handmade jewelry.
- Secondly, create your own website with a blog. Also, you can integrate the site with a small eCommerce plugin to sell the products from the site.
- For home-based jewelry makers, social media plays an important role. So explore different social media platforms to promote the jewelry including Facebook, Pinterest, and Google+.
- Whatsapp selling is one of the most successful ways these days. Also, you can create a group there. And when you post something every participant of that group gets that automatically.
- Finally, if you want to sell the products in bulk, there are several B2B platforms you can find on the internet. And in exchange for a small amount of money, you can create your profile there. List the items and when you get inquiries, you can send the quotation.
We hope this detailed article will be helpful to you in starting a paper jewelry-making business at home. As your business grows, definitely consider establishing a paper jewelry factory also.
About the Author: 99businessideas.com led by Rupak Chakrabarty is committed to helping beginners, entrepreneurs, and small business owners in starting, managing, and growing their business. Our aim is to educate the entrepreneur on the various stages of entrepreneurship.