Home Based Business Success is Within Reach

How to Make Home Based Business Succeed 

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We know how to achieve success in the handmade jewelry business and believe that you can achieve your goals as well. Success in a home-based business is a dream that many people share, but it’s not all fun and games. Do you want to do what you want, when you want? Then, you need a big inheritance from a rich relative!

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Making home-based business success takes a lot of hard work and determination above all else. You will be doing all that you can, as much as you can. Success is everything you ever wanted, but it can be frustrating. You must be determined and push yourself above and beyond all your competitors.

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The home-based handmade jewelry business is very competitive but also very rewarding. To succeed you must be more creative to make the most unique handcrafted jewelry than your competition. You must offer better customer service than the others. Having a good relationship with customers will help your business succeed. Word of mouth is one of the most powerful advertisements for your business.

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Home-based businesses are the easiest and often the most profitable. Handmade jewelry can be one of the most creative crafts. With a little imagination and some hard but enjoyable work, you will be able to succeed in the home-based handmade jewelry business.

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Working from home has many benefits especially if you have small children. You can be with them and build your wholesale handmade jewelry business gradually. 

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You will not have the extra expenses that are involved in renting a separate work location. Best of all you will be working in the comfort of your own home when it is more convenient for you.

Benefits from Selling Handmade Jewelry!

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Do you have a retail store or boutique? If so, you know these days you have to stand out from the crowd. With so many products available, providing handmade jewelry and unique gift ideas for your customers makes your store stand out and people take notice.

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Where do you find suppliers for wholesale handmade jewelry and gifts? You have lots of choices but obviously, the easiest and fastest way would be online. Just Google or Yahoo! search “wholesale handmade jewelry” to find suppliers for your store, can’t get much easier than that! Personal connection with a product, the better your sales will be!

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You can also search “handmade jewelry directories”, most web directories even have a separate section for unique handmade jewelry. You can search anywhere, anytime; whenever it is convenient for you. Today you can find everything you need online without all the expenses of attending the traditional Wholesale Jewelry and Gift Shows.

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Everyone has a contact us page so you can ask any questions you may have if it is not already in the FAQ. Online companies try to give you as much information about their products as they can. This is hard to absorb in the hustle and bustle of shows but comes naturally when you are relaxed and interested in the product. You will know the special features and techniques used to make handmade jewelry and gifts. This information will help you to sell the products better.

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If you are more a hands-on type, wholesale jewelry, and gift shows are the next best option. At these shows you will see the actual products but attending these shows can be quite costly, tiring and they are only held at certain times of the year.

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The wide range of products available might overwhelm first-time buyers but you’ll quickly learn how to narrow your search to find the items you want to see. You may just find that you can sell the handcrafted products better when you have made a connection with a real person. 

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Handcrafted artisan jewelry will attract new customers to your store. Many jewelry artists have a loyal following who will seek you out in order to buy their favorite artists’ jewelry.

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 Look to provide a range of products and prices. People generally look for that extra special piece once in a while; for anniversaries or weddings. Have some outstanding pieces for them and to draw people into your store. More reasonably priced jewelry will sell more often to more people.

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 Pay special attention to what we call the “added value” jewelry - this is handmade jewelry that looks more expensive than it is. This is the impulse buy type of jewelry; who can say no to unique handcrafted jewelry that is affordable and you can wear it every day?

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Variety is the key to great sales. Provide your customers with a wide range of styles, shapes, colors, and prices. Offer a choice of materials; stones, beads, shells, resins, and metals. 

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You will find that casual sales become repeat customers if you select a great variety of unique handcrafted jewelry and gifts that will suit everyone's personal style! Aim to give your customers a unique shopping experience, unusual high-quality products, and excellent personal service.

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Pay attention to how they sell their products to you and you can carry that over to when you are selling their products to your own customers.

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Your goal is to make your customers come back time after time to check out your great selection of handmade jewelry. Whatever the occasion handcrafted jewelry will continue to keep them coming back for more!

Handmade Jewelry Business Not Immune to Taxes

When starting out in the handmade jewelry business or any business for that matter, look to the future by making sure to dot your I’s and cross all your t’s. There is no business that is immune to taxes so make sure all your books are in order from the start.

The best way to ensure that all the tax rules and regulations are being followed is to get your business a chartered accountant. They are more knowledgeable about tax matters and the required government paperwork. Although chartered accountants can be quite expensive it is an investment in a happy future.

Purchase a business accounting program. Everything may be easy to keep track of now but when handmade jewelry business grows it is too easy to forget important dates and information. We used to spend many hours every month trying to input invoices and amounts. With accounting programs, everything is kept up to date and reminders such as due dates just pop up in front of you. This is a time saver and well worth the small investment.

Get a bookkeeper! Right from the start is much easier as there won’t be a backlog of transactions to input. Make sure to go with the accounting program that your bookkeeper is familiar with, just to lessen any learning curve. Everything will be input in the proper account and all bills and receipts will be reconciled at the end of every month.

Make sure your accounting is up to date. Make all payments and returns ready early, missed payments or late payments are red flags to the tax people. They see these as your inability to keep track of important information. If the tax people are continually seeing your business name next to red flags it won’t be long before they pay you a visit. No one is ever happy to see them at their door.

The tax people are becoming more diligent in tracking down home-based small businesses. Sometimes I think we all have a big bull’s eye on our forehead. It seems everyone you talk to has had a run-in with the government, though few readily admit it. It feels like it’s only a matter of time. Make sure you are ready, better safe than sorry.