Jewelry Product

How Profitable Is A Jewelry Product? (Updated for 2024)

Pat Walls

•

Updated: October 5th, 2024

How Profitable Is A Jewelry Product? (Updated for 2024)

So you want to start a jewelry product?

And the first question that came to your mind was, “well, are jewelry products actually profitable?”

With a market size of $258B - there’s plenty of business to go around.

Especially considering:

You could start a jewelry product with as low as $3,000
Based on our data, jewelry products generate an average of $2M per year

There’s money to be made. Don’t worry.

But, I don't want to spoil it all. Below we’ll cover everything you need to know when it comes to the profitability of a jewelry product.

Let’s dive in!

Is a jewelry product profitable?

Yes, a jewelry product is generally a profitable business. However, you still need to consider several factors since these things always impact the overall outcome.

For instance, since average revenue is $2M per year with an estimated gross margin of 40%, you could expect to recover your investment within 7 months or even less.

But of course, it all comes down to how much you earn compared to the potential revenues of your jewelry product.

To determine whether your business is profitable, you should earn more than your expenses in the beginning months. However, while you're in your first month, it can be challenging to know what to expect.

Therefore, you should maintain a record of your monthly expenses and income to determine whether you're meeting your goals. By doing this step, you can see how your jewelry product is doing and if any changes or adjustments need to be made to enhance or maintain your efforts.

Is a jewelry product worth it?

If you’re wondering if a jewelry product is worth it, the answer is a big YES. With jewelry products, you have the potential to earn $2M per year (this is based on data reported by real founders).

Further, you could have your initial investment back within months. Simply put, it’s a business worth a shot, especially if you have the resources and make the necessary efforts to achieve or surpass the target.

With a market size of $258B, it will be possible for you to build something that grows and turns into a flourishing business. As such, it’s the type of business you might want to consider starting.

Of course, you must learn and understand every aspect of running a jewelry product to ensure success. Still, as long as you have the initial investment and can endure a few months before your actual gains, this business could be worth it.

You might want to consider reading more specifics about successful jewelry products case studies.

Examples Of Profitable Jewelry Products

Here are a few examples of profitable jewelry products, and a few more details about them:

1. Bang-Up Betty ($84K/year)

Stacey, the founder of Bang-Up Betty, initially started making jewelry as a hobby, creating funny and bold pieces with curse words and silly phrases. She quickly learned that staying true to herself and her designs was more important than trying to please everyone. With average monthly revenue of $6,000 and features in sites like Buzzfeed and Huffington Post, Bang-Up Betty has grown into a successful business known for its feminist and progressive tendencies.

Is it profitable? Yes
How much money it makes: $84K/year

Growing A Handmade Jewelry Hobby Into A Successful Business

How Stacey turned her handmade jewelry hobby into a business that generates an average revenue of $6,000 per month, with a focus on staying true to your designs and customers, and the importance of organic marketing through social media and SEO.

Read this case study

Read by 11,545 founders

2. Vivalatina Jewelry ($200K/year)

Nicolas Tranchant, founder of Vivalatina Jewelry, started the business out of love and necessity. He and his wife needed additional cash flow, so they decided to create an online jewelry shop in 2009. Despite lacking knowledge in marketing and sales, Nicolas persevered and shifted the business model to focus on custom-made jewelry and his own designs. With a strong emphasis on SEO, Vivalatina Jewelry has since attracted over 60,000 monthly visitors and generated $160,000 in revenue in 2020.

Is it profitable? Yes
How much money it makes: $200K/year
How much did it cost to start: $3K

How I Started A $14K/Month Custom-Made Jewelry Business

French founder Nicolas Tranchant shares how he built Vivalatina Jewelry, an online jewelry business that generates $14k in monthly revenue using SEO as the main marketing strategy, with a focus on high-end, custom-made gold jewelry.

Read this case study

Read by 4,891 founders

3. Shenzhen Shibao Jewelry Co., Ltd ($1.2M/year)

Long Shuai, the founder of Silverbene, came up with the idea for his jewelry wholesale business after realizing the inefficiencies in the production processes of silver jewelry factories in China. He saw an opportunity to use information technology to standardize the manufacturing process and improve efficiency. With a revenue of $450K per month and over 3,500 jewelry store clients worldwide, Silverbene is now a successful business in the industry.

Is it profitable? Yes
How much money it makes: $1.2M/year
How much did it cost to start: $200K

How We Started A $100K/Month Jewelry Wholesale Business

Silverbene, a silver jewelry design and manufacturing company, supplies over 3,500 jewelry stores worldwide, sending out over 90,000 items per month with a revenue of $450K USD per month, using information technology to standardize the production process and paying attention to international fashion trends while designing products.

Read this case study

Read by 12,821 founders

Learn more about starting a jewelry product:

Where to start?

-> Jewelry product plan
-> How to finance a jewelry product?
-> How much does it cost to start a jewelry product?
-> Pros and cons of a jewelry product

Need inspiration?

-> Other jewelry product success stories
-> Marketing ideas for a jewelry product
-> Jewelry product names

Other resources

-> Jewelry product tips

How much can you make with a jewelry product?

With a jewelry product, you can make an average of $2M revenue per year (based on data reported by real businesses).

You can start with an initial investment as low as $3,000. Then, with proper knowledge and sustained effort, you could have an ROI (return of investment) within 7 months.

How much does a jewelry product make a week?

Based on our data, average weekly revenue for a jewelry product ranges around $41.7K. As such, you could see monthly revenues of $167K.

To know if your jewelry product achieves the weekly profit target, you need to keep track of the total earnings you get per day. Afterward, you'll want to consider subtracting the expenses you have daily.

Learning your weekly profit can also show whether you're hitting your target goal for your jewelry product.

How much do jewelry products owners make?

The income of a jewelry product owner can vary depending on various factors such as location, size, competition, and the owner's business skills.

But to give you some idea, the weekly revenue of an established jewelry product is about $41.7K. But this can be lower or higher depending on so many factors - it's almost impossible to say exactly.

While the potential for earning a good income as a jewelry product owner exists, success in this field requires a commitment to providing quality products and services and building a strong reputation within the community.

Jewelry Product Profit Margins

Generally speaking, a jewelry product can expect profit margin of around 40%. Profit margins refer to the percentage of revenue that remains after deducting all expenses associated with running a business. In the case of a jewelry product, profit margins can vary depending on various factors, such as the type and quality of products sold, the size of the store, and the level of competition in the area.

However, these figures can vary depending on the pricing strategy, inventory management, and overall efficiency of the business. To maintain healthy profit margins, jewelry product owners must focus on managing costs, negotiating favorable supplier terms, and providing high-quality products and services to attract and retain customers. By doing so, jewelry product owners can ensure long-term sustainability and profitability for their business.

Jewelry product owner salary

The salary of a jewelry product owner is an unpredictable figure. It's significantly influenced by numerous factors, including the store's location, its size, and the degree of competition. An owner of a well-established jewelry product, in a prime position, might see an average weekly salary around the ballpark of $16.7K.

But it's worth noting, such numbers aren't always consistent. The earnings can vary wildly, potentially swinging by as much as 80% either way.

Achieving consistent success and maintaining a reliable income stream in this industry requires a deep commitment. It's imperative to offer high-quality products, deliver impeccable customer service, and nurture a trusted bond with the community you serve.

Conclusion

In a nutshell, based on many of our examples, a jewelry product may be a promising business to start - but the success of your jewelry product mostly depends on your effort and your approach.

If you focus on these, you'll have a much higher chance of a profitable jewelry product.

Part of

Starting A Jewelry Product: Everything You Need To Know

‹

›