Is Permanent Jewelry a Profitable Business? Actual Data Explained | $350k Return on $3k Investment
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- เผยแพร่เมื่อ 25 มิ.ย. 2024
- I often get asked: Is Permanent Jewelry Profitable as a Business, so I decided to make this video to explain why permanent jewelry is an incredibly profitable business.
If you actually look on social media and track some of the businesses offering permanent jewelry, you will find many that started out as side hustles have now financed the opening of stores and boutiques, some even multiple locations. There are dedicated permanent jewelry boutiques, while many have opened boutiques selling complementary services and products. Their success and profits are real
The Average full-time permanent jewelry business profits over $350,000 on a $2500 investment. Many part-time pj artists are making $200-$600 per hour. This is because permanent jewelry offers huge markups with 10x to 18x cost, unlike normal jewelry sales, which usually doubles or triples cost. Also, you cannot order permanent jewelry online, so you are not competing with online shopping. It is a service that requires welding and customers love that personal experience.
The data I am going to reference has been collected from hundreds of permanent jewelry businesses - these are our customers and focus group PJ Artists. The figures are compiled through interviews, looking at their online prices and also seeing how much they are reordering in chains and components from us. Individual figures will vary depending on the size and demographics of their local market. But these are fairly accurate averages.
I have filmed a video on all the COSTS of starting a permanent jewelry business and will leave a link to it • How much does it COST ...
For this segment, I will focus on Revenue and Profits with only a short mention of cost details that you can find in that video.
Here's a CHECKLIST of what you need to start and run a permanent jewelry business:
stonesandfindings.com/free-re...
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Time Stamps:
00:00 Intro
00:26 Permanent Jewelry is Incredibly Profitable
01:34 About the profits
04:27 Profits and costs of a Permanent Jewelry Business
07:04 Average Daily Sales Volume from Permanent Jewelry Businesses
08:40 Record Sales Reported by Our PJ Artists Customer
09:04 Yearly Income from Permanent Jewelry
10:18 Making more than $400k per year in full-time permanent jewelry
10:51 You can be next
11:15 PJ Match Finder Tool for permanent jewelry pop-up collaboration
12:02 End
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Full disclosure
About us: Stones And Findings is a wholesaler of premium jewellery components.
You can shop our extensive collection online at wholesale prices by first creating an account (you do not need a business license). You will get instant access to prices and shopping cart at the bottom of this page:stonesandfindings.com/my-acco...
#businessgrowth #profit #sidehustle - แนวปฏิบัติและการใช้ชีวิต
thank you so much from atlanta GA!!!
Hello Atlanta!!! I've been there and loved my 5 day stay. You're very welcome for the video.
watching from Dallas, TX! I love your content. You have been so beneficial to my business & I look forward to meeting you at the PJX Expo this year!---Thank you so much for your channel!
Awesome! Thank you so much for this note. I look forward to meeting you in PJX - I hope you're coming to one of my talks.
Dana
Thank you! Minneapolis, Minnesota here!
Hello Elizabeth from Minneapolis!
Watching from Belleview, Fl
Hello Florida! Thanks for watching and for this note, Michelle.
Best,
Dana
Watching from Los Angeles and Dallas 😊
Hello LA and Dallas!!! Great to see this - you have much warmer weather than I do.
Watching from Houston!!
Hello Ms. Houston!!!
From the Netherlands… filling my cart on your shop.. took a lil break but I’m back ❤
Thank you for this note! Glad you're back in the swing of things!
Watching from London
Hello from this side of the pond! Hope you're having a good day, Ms. London.
I just discovered PJ and I’m happy I discovered this business as I loss my job . I am going to ask my friends and family to invest in my business AND the expo! Hopefully I will be able to see you there!
You got this! I often feel that when one door closes, another opens. I know it's cliche. However, that's how life has worked out. As long as you're constantly on the hunt for the opportunities and the silver lining, you will get there.
Unfortunate, and even terrible, things happen all the time. The difference between success and failure is how you view and use those challenges. Always keep that in mind.
I came from zero money because we were poor immigrants (I can tell you stories about how I had to stand aside during gym class in elementary school and watch as other kids play dodgeball etc because we couldn't afford proper running shoes and in those days, teachers were jerks . I couldn't bring myself to tell my parents this because I knew we could barely afford rent. My parents don't speak English and at the time, my dad was cleaning floors and my mom worked in a cafeteria - 2 minimum wage jobs in a large city with 2 kids. Their families LOST everything when the communists confiscated their businesses and land over night). You can start from nothing again and win it.
The key is resilience. I am with you, Sister!
Watching from south west Missouri
Hi Miss Missouri ;) thanks for watching and letting me know!
I am watching from Jamaica
Hello - so happy to read this! I have close friends from Jamaica - warm people who like to laugh and party. Thanks for watching!
Watching from Bellingham, Washington
Hello Bellingham! Thanks for letting me, Cindy. Hope you enjoyed the video
Hello! I love your videos:) Can I ask why it is not recommended to use stainless steel (316L)?
It isn't recommended because a larger number of people are allergic to it. It contains nickel and also seen as a cheaper substitute for sterling silver - so it is seen as an inferior product. Unless it is very chunky, the difference in cost of Italian 925 silver to stainless steel is minimal. Silver would be approx US$2 - $2.80 for a 7" bracelet. You can charge more for it and easily make up the difference. Providing a superior product will help elevate your branding as well.
I’ve never seen numbers like this and I’ve owned a permanent jewelry business for over a year now. I need to move where your from, my suburb isn’t cutting it. Lol
LOL - if you have a small population and very little foot traffic, consider doing events, weekend markets and create events yourself by reaching out to local sports leagues to set up and donate a portion of the sales to their league.
My mentor once said "Don't wait for business to come to you, you go to the business. Observe what the people, you want as customers, are doing, wearing and watching. GO TO THEM."
Make it a challenge for yourself. It's video gaming - and you can slay it!!!
Watching from Uganda
Hello Uganda! This is very interesting, indeed. Thanks for watching.
Houston, Tx
Hello Houston! Thanks for watching.
are you based in toronto
Yes, we are based in Toronto. However, we ship all over the world and we are one of the largest distributors of permanent jewelry supplies in the USA. We just love being Canadian and living here! The prices in this video, and as in most of our videos, are in USD.
@@stonesandfindings awesome! Do you do 1:1 trainings for permanent jewelry
Watching from Belleview, Fl
So cool! I love your weather!! Thanks for watching.