Generally, paper jewelry comes under the costume jewelry segment. These are very elegant and trending fashion jewelry items. Any individual can start a paper jewelry making business at home. Additionally, it is a great business for the women entrepreneurs and students.
Actually, with different types of papers and simple hand tools, you can create beautiful jewelry. There is no need of machinery. Additionally, a home-based operation allows you to work in the fractured time hours. Also, you can produce some other products like designer bindis from the same unit.
Actually, the business is perfect as 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.
Paper Jewelry Market Potential
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 pieces of jewelry is getting immense popularity.
Basically, these are very popular among the 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. Hence, starting a paper jewelry making business is a profitable business for the home entrepreneurs.
Paper Jewelry Making Business Plan Sample Checklist
Regardless the size of your business, you must craft a business plan. And to craft the plan rightfully, you have to conduct a market research first. Generally, the fashion jewelry trend changes very frequently. So, you need to find out the latest trends. Additionally, identify what jewelry type of jewelry has bigger demand in the market. Who are the established companies? And how you will compete with them?
These all will help you in writing your paper jewelry making 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.
Get the Skill
There are several resources where you can get ideas for preparing beautiful pieces of jewelry. You can watch youtube videos to get tutorials. Additionally, you can search on Pinterest too. There are several free jewelry making 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 the adequate skill for making paper jewelry before starting this business.
Select the Items
There are several items that come in paper jewelry. The list includes earrings, necklace, bangles, pendants, beads jewelry, bracelets, rings, lockets, hair pins etc. Furthermore, one single item comes with the different design, 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.
Arrange Startup Capital
In starting any type of business, this is one of the most important aspects. So, 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 very small investment. Otherwise, you can also take funds from your relative or friends circle.
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.
Procure Raw Materials
In paper jewelry making, you can use several different types of papers. 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.
Sell Your Paper Jewelry Offline & Online
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.
For online selling, you must consider the marketplaces. Generally, eBay, Etsy, and Amazon are the best places for selling handmade jewelry. 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 the home-based jewelry makers, social media plays an important role. So explore different social media platforms to promote your paper jewelry making business.