Tuesday, August 30, 2011

Less than $1 an hour

The only jewelry I have made this month is earrings for a wedding (I do special orders). Other than that, it looks like I have done nothing for my business. Really, in this case, looks are not that deceiving. I have done hardly anything, but I have spent a lot of time thinking and doing math.

The math does not look pretty: I make less than $1 an hour on my jewelry.

This is mostly due to our horrible economy (that I don't see getting better) and that I have to mark down most of my jewelry to get it to sell - often marking it down until I make no money at all.

Conclusion:
Though I love making the jewelry (and wish I made enough not to have to have a "real job"), it is not worth it. I could be doing so much more with my time, and I have decided I will.

No, I am not quitting jewelry all together, just a major down size and a lot less of my time put into it. Like, it will only sell in one store now instead of two (the store that it was selling better at anyway).

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