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How to Start a Costume Jewelry Business

by Melinda Gaines, Demand MediaFrom this online source: http://smallbusiness.chron.com/start-costume-jewelry-business-10254.html

Costume jewelry, also known as fashion jewelry, runs the gamut from simple silver pieces to large cocktail rings. Selling costume jewelry can be profitable, as it is not only bought and worn by female consumers of all ages, but also purchased by males to give as gifts. The costume jewelry business is flexible, as there are many ways you can start and grow your venture, and it can be operated on a full or part-time basis. 

Step 1

Target a niche, or specialization, for your jewelry business. Doing this will enable you to focus on buying only one type of costume jewelry and distinguish yourself from your competitors. For example, you could specialize in selling vintage costume jewelry or vintage replicas, trendy affordable costume jewelry for teens and young women, artisan and handmade costume jewelry or designer costume jewelry brands.

Step 2

Obtain the permits required in your state and city to operate a retail business. Depending on where you live, this may include a sales tax permit, resale license or assumed name certificate. Your local small business development center or Small Business Administration office can let you know what business documentation you need.

Step 3

Purchase wholesale costume jewelry to sell, if you will not be making your own. Before spending money on any jewelry, ensure you can make at least a 30 percent profit from it, after accounting for labor costs. There are several ways you can source your inventory, depending on your niche. If your specialty is vintage costume jewelry, shop at estate and garage sales, browse online auction sites, sell jewelry on consignment and place print and online classified ads. If you're selling new pieces, you will likely need to open wholesale accounts with manufacturers and distributors of costume jewelry, or buy liquidated -- meaning deeply discounted -- inventory from other retailers.

Step 4

Secure at least one venue from which to sell your costume jewelry. Options include leasing or buying a brick-and-mortar store, renting a mall cart or kiosk, becoming a flea or antique market dealer, throwing home jewelry parties, opening an online store or selling via Internet auction websites. If you plan to make your own costume jewelry, consider all of the aforementioned options, with the exception of antique markets. You could also try selling at your local farmers market, if they accept non-food vendors, or a marketplace for handmade items, such as Etsy.

Step 5

Find a storage area for your inventory of costume jewelry, if you will not be opening a physical retail location. A clean spare closet or airtight storage containers would be suitable, as long as they are placed in a dark, odor-free and pet-free area.

Step 6

Promote your costume jewelry business in a way that suits your chosen retail venues. You could launch a promotional blog, open social networking accounts, place targeted online banner and website ads, send press releases to local, regional and national media outlets and donate or lend pieces to be used in a local fashion show in exchange for publicity. You can also place coupons, brochures and fliers in complementary businesses, such as clothing boutiques, hair and beauty salons and shoe stores.

Visit www.MyAccessoryBusiness.com to purchase a costume jewelry starter kit and start selling jewelry today!

Informative video about My Accessory Business kits and catalogs

View the informative video about My Accessory Business kits and catalogs for more information about how to make sales with your sales kit or with the printable catalog. My Accessory Business offers a unique way to make sales at trade shows, fairs, local events, stores and more with their affordable sales kits starting at only $49. They also offer a printable sales catalog on their website so that you can take pre-orders of jewelry pieces and re-sell them for profit.

Woman in Business Profile- One With The Water

Alissandra Hurdelbrink enjoys her career as a swim lesson teacher and an important part of the Los Angeles based non-profit organization One With The Water. She enjoys teaching children with special needs because she says "they have this special untouched innocence to them.  They live in their own world and they just need to be understand in that realm. Everyone thinks to change their world to make it more like everyone else. When I think we need to dive into their world and see it from their eyes."

Alissandra grew up overly athletic and constantly taking part in a few sports at a time.  She knew that she wanted to work with children but she wasn't sure what exactly she would be doing.

A couple years ago she started going back to school to earn a BS in Kinesology and knew some type of coaching was in her future.

She had never thought about teaching swim lessons until she was approached by fellow swim lesson teacher, Coach Kenneth. Her first student was on the autism spectrum and she fell in love with him. She says "He had such a great heart and he was definitely "One with The Water". It was his safe place, plus he probably had more fun in the pool than anyone else out there. When you teach kids with special needs new movements it builds on so many parts of their daily functioning.  Improves motor skills, coordination and muscle memory.  Like I said it touches base on one aspect out of a thousand."

Alissandra uses the words "incredible and amazing" to describe how she feels when she's teaching kids swimming.  She says, "you are shaping so many aspects of their lives.  It's not just the art of swimming you are touching base on, it's one puzzle piece in a game of a million pieces.  It's pretty incredible to see when a child really starts to understand what they are doing in the water with all the movements. Every child learns at their own pace, but some kids respond at an incredible pace and it's pretty amazing to watch it happen."

As far as anything on the business side of things, Alissandra takes care of most of the scheduling and talking with potential clients.  Together with Coach Kenneth, they go to events and advertise online, newspapers, and more.

She said that keeping the clients coming back is pretty easy for her because the kids have so much fun and really learn so much.  She makes it a point to make learning fun and still make progress with the lesson plan.

For more information about One With The Water, visit www.Onewiththewater.org
www.facebook.com/onewiththewater