Silver Current Designs: An Entrepreneurial Adventure

Employment, unemployment, self-employment, and everything in between.


Check out our shop! http://www.silvercurrentdesigns.etsy.com/


LIKE us on Facebook!

FOLLOW Silver Current Designs on Twitter!

FOLLOW Silver Current Designs on Instagram!
Showing posts with label business. Show all posts
Showing posts with label business. Show all posts

Saturday, January 24, 2015

New Aspirations in 2015

Today's Silver Price: $18.33/t.oz.

I've recently relocated to sunny Florida. I've said goodbye to the cold grey skies of Long Island, NY. I am currently settling in to Palm Harbor, which is in the Tampa Bay area. While I am enjoying the blue sky and the warm sun, it's also time to focus on developing my business and creating higher quality jewelry.

I've just signed up for a jewelry metalworking class with Dunedin Fine Art Center (www.dfac.org) and I'm so excited! It starts February 24th and there will be a 3 hour class every Tuesday night for 6 weeks. So now, instead of buying components and putting them together, I will be able to fabricate my own components! The class teaches soldering, stone setting, piercing, forging and hammering. One of the biggest things I am looking forward to learning are the finishing techniques like filing and polishing. Also I need to find out how to keep copper from tarnishing. I've made some copper cuff bracelets in the past but they get dull very quickly.

I'm aiming to create more artisan quality jewelry this year. I want to move away from the silver-plated pieces I have been making, and get back to sterling silver jewelry. 

New skills and a greater focus on social media marketing (Twitter, Facebook and Instagram) will hopefully lead to a prosperous year! 

Below are some of my recent designs:




Ciao for now, and Happy New Year! 


Sunday, August 25, 2013

Social Media Blitz

Today's Silver Price: $23.78/t.oz


I've recently started using Twitter, Instagram and Pinterest to promote my Etsy shop. It's probably been a few months now, and I've seen an incredible jump in views of my shop. And the results are immediately seen. When I post on Twitter or Instagram, I see an increase in views that same day. On days when I haven't posted anything new, my Etsy views are often zero. Even small blurbs on Twitter can lead to shop views. I believe the social media posts have led to purchases, however I cannot be sure as there is no way that I know of to track how a specific buyer came to my shop.

I've read that in order to use Twitter and other social media sites to successfully promote a webpage or business, you must post often. Regular posts keep people interested in your feed. This type of discipline is something I've struggled with in the past and will have to overcome. Even when I'm lazy and don't feel like posting, I need to post even a tiny snipet, inspirational quote or a photo to try and hold the attention of potential customers. This obviously applies to blogging as well, so I will do my best to post here regularly.

Today I updated my LinkedIn profile. I figured that promoting my Etsy shop through this outlet can't hurt. When I created the account, I didn't think I would use it much as it seems to be a site for business connections. However I've come to realize that if I want to pursue self-employment, I'd better start promoting myself as a creative entrepreneur. I've chosen to list myself as an artist. I have always shyed away from identifying myself with this term, but now I feel that I can embrace it and live it. I am a designer, I am a painter, and overall I am an artist.

I've become fed-up with my 9-5 office job, so I am now intent on developing my business and working towards self-employment. My very wise aunt says, if you throw enough mud at a wall, eventually some of it will stick. So I'm determined to throw as much social media mud on the internet wall as I can!




Below are some of the recent items I've listed in my shop, and at the bottom is a photo of my creative process!

Silver Plated Bracelet

Sterling Silver Ring
 


Double Strand Silver Plated Necklace






Sunday, June 30, 2013

Vacation is over...

Today's Silver Price: $19.42/t.oz.


Time to get back to work after an awesome vacation in the Florida Keys last week! It was heavenly... we stayed on Long Key, did some snorkeling, standup paddleboarding, kayaking, and of course relaxing!




Anyway... I'm looking for some new bracelet designs. I was Googling this morning to find some inspiration, but I didn't come across anything. I have some ideas brewing in my head so I may just work on developing them. I want to create some big bold bracelets. The bracelets I currently have in my Etsy shop are mostly simple, thin, one strand bead bracelets. I may experiment today with wire links and see what I can come up with. They need to be BOLD!

I also have yet to use the knot component that I learned to make a long time ago. It's super cool, I just haven't figured out how I want to use them. I think they are too bulky for bracelet components so they'll probably end up in a long necklace.



I won't work too hard today... I made a promise to myself that I would get outside as much as possible this summer! Maybe I'll play some tennis with The Hubbie. Ciao!

Sunday, March 10, 2013

Back to Work!

Today's Silver Price: $28.97/t.oz.


I got married in June of 2012. This is my first post since. No more excuses. No more distractions. Time to get back to business! I've had a few sales on my Etsy shop in the last couple of months so it has gotten me excited again about creating new jewelry.

Yesterday I posted several new items in my Etsy shop. I've recently been making jewelry with supplies I've purchased from Etsy sellers. At first I was annoyed that people were selling supplies on Etsy. I mean, isn't Etsy supposed to be totally handmade or antiques? Then I realized they had created a specific category for people selling supplies. I guess it makes sense, buying supplies from and Etsy vendor, keeping the commuinty spirit. So I've purchased some charms and components that are very affordable and I'm so happy with them!

I'm making an adjustment to my previous blogging schedule. I'll be posting weekly, rather than bi-weekly. I haven't picked a day yet though, so it may be random for a while. I need to figure out what will work best for me, being that I'm not real fond of schedules and set times. LOL.



Here's what I've been up to recently:

Spiritual Charms 2-in-1 Necklace:


Cascading Hearts 2-in-1 Necklace:


Shell Bead Necklace:


Om Charm Bracelet


Silver and Black Beaded Necklace:


Silver-Plated Teardrop Bead Necklace:

Thursday, April 12, 2012

Etsy Direct Checkout

Today's Silver Price: $32.40/t.oz.

There's a new feature coming to Etsy. It's called Direct Checkout. Customers can use their credit card on Etsy without having to go through PayPal. The third party has been eliminated... 2's a party, 3's a crowd...

I am very interested in this new feature. I think that customers will be much more likely to buy from an Etsy page if it is a simpler process. Now they do not have to have a PayPal account or enter their credit card info into PayPal, they can simply enter everything right on Etsy.

It seems that this new feature is in a pilot state. It is not available to all Etsy users at this time but apparently it will be eventually. I have requested participation in the trial and hopefully in a couple of months it will become available.

I don't think it will make much of a financial difference in terms of fees taken out of each sale. In order to use Direct Checkout Etsy will charge the seller 3% of the transaction plus $.25 for every purchase (this is in addition to the 3.5% of the sale that Etsy takes and the $0.20 listing fee).

PayPal takes 2.9% of the sale plus $0.30. So it's just about the same percentage taken out, but Etsy would charge $0.05 less than PayPal.

Hmmm now that I'm seeing all these fees I'm starting to wonder if this is all worth it. It costs me $0.20 for every item that I list on Etsy. Then when I sell an item, Etsy takes 3.5% of the sale. Now for the actual transaction, either Etsy or PayPal will take 3% of the transaction AND $0.25 or $0.30. So I'm paying at least $0.45 plus 6% for every sale. Bummer.

I guess for now it's not too bad. I've only had a handful of sales so far. Perhaps in the future though it will be beneficial to start my own website. If I start now, I can learn to build a website by...

Tuesday, March 6, 2012

Quick Tip- Raise It Up!

Today's Silver Price: $32.70/t.oz.

NEW CONCEPT ALERT!

Today I read a very brief tip on wire-sculpture.com that suggests jewelry makers raise the height of their tables at fairs and craft shows. This way the customers do not have to bend over to look at the jewelry. By simply adding some PVC piping to the legs of your folding table you can raise your display up closer to eye level. Brilliant!

I suppose this does present a challenge when trying to find a table cloth for your new MacGyver-style table, but I guess an extra long piece of fabric from the craft store will do. I'll have to try this out! I think that actual eye-level would be too high though. Maybe a foot above regular table height would be good. Chest-level, maybe?

Any time you can bring your product closer to your customer you are increasing your chances for a sale!



~~~{Blog Playlist}~~~
Modest Mouse, "Float On"
Franz Ferdinand, "Take Me Out"
The Chieftains w/Sinead O'Connor, "Foggy Dew"

Thursday, March 1, 2012

Pricing Decoded?

Today's Silver Price: $35.05/t.oz.

I found a new resource this morning while I should have been getting ready for work but instead opted to log on to Facebook and see what was new. Well, this is what was new. A website called Home Jewelry Business Guide. I mean, if ever there was a website that I was supposed to find, THIS IS IT. A crafter had posted a FB link to an article on this website that discusses how to price your jewelry. So of course I immediately clicked on the link. It's like some ancient mystery- how to price your work. These folks seem to think they have found the magic formula.

Jewelry Wholesale Pricing

Pricing Handmade Jewelry for Retail Sales

The two links above will bring you to the articles which contain the afore mentioned secret formulas. Let's discuss the first formula (I'm not going to post the formula, you'll have to go to their page to check it out- the differences between the two are explained).

At first the formula seems a bit silly. The hourly rate looks a bit steep, and the genius pay is stretching it. They actually factor in an emotional distress fee. Really?? If you're under emotional distress while making jewelry, maybe you shouldn't make jewelry!

This did however bring up a very important factor that I had not before considered. This individual calculates profit AFTER they have totaled up cost of materials and COST OF LABOR. I've always just figured that if I'm making a piece using $10 worth of materials, and I sell it for $20, then I'm making profit! I generally don't consider time and labor as part of my price calculation. So in a sense, I've been working for free. Yes, I have made some money by selling the piece, but I have not been paid for my labor.

These formulas are great for pricing your work. They cover all bases and give any crafter or artisan at least an idea of how to price a piece. However I think there is one very big factor that has been left out. Quite often I base my pricing on what I think I would pay for it in a store or at a fair. In our struggling economy shoppers are not looking at expensive items, they are looking for deals and bargains. While there is the niche of consumers that are willing to pay high prices for unique handmade pieces, I feel that most people these days are on too tight of a budget. 

If you look at the formula for retail sales pricing, this blows the word 'bargain' or 'affordable' right out of the water. Apparently I should be charging much more for my jewelry than I currently am.

So is this a magic formula for me? No, but it's a good place to start. I have yet to explore this new website in depth but I am excited to have stumbled upon it!

Thursday, February 23, 2012

The Next Level

Today's Silver Price: $35.24/t.oz.

Silver is up $1.09 today... UGH! 

I sold a necklace at my office today! It was a nickel wire heart link necklace. All I had to do was wear mine to work and someone wanted to buy one! Easy peasy.

I realized today that my day job is NOT making ends meet. After an expensive car repair this week I've decided that something has to change. I've already cut back on a lot of things. I don't buy new clothes, I bring my lunch to work, I don't go out much on weekends. The problem is I'm not binging in enough money to pay for Life in General. So it's time to kick the jewelry biz thing into high gear. I really need to designate time each week for making jewelry and getting it posted to Facebook and my Etsy page.

These wire necklaces could be a big money maker. At $25 a pop, or $29 through the Etsy page (includes shipping), they have the potential for creating greater income than the smaller jewelry items (obviously!).

I do have two events on the horizon... but actually only one of them would be for jewelry. Last year I did a craft fair at a local bar that was having an Earth Day celebration featuring female musicians, dancers, crafters and artists. It was a really cool event! There was no table fee for this event so every sale was profit, and I made several sales that night. I've heard from the organizer that the bar will be holding this event again on April 21st. Sweet! I think I may have mentioned before- people buy more when they've been drinking!

The other event is an outdoor art festival. Artists are able to purchase booth space to sell their work in. This one is scheduled for Memorial Day weekend, though I have not yet found the registration form or pricing information.

Both of these events look promising. I just have to be ready with a LOT of inventory! It works out well though, in April I can focus on making jewelry, and in May I can focus on paintings. It's nice when The Universe lays out a path for you to follow!

Thursday, February 9, 2012

On the Back Burner

Today's Silver Price: $34.09/t.oz.

This has been a very unproductive week in terms of jewelry making. I've been feeling crappy since Monday night, so I haven't made anything new. I started on a new nickel heart necklace but only go two hearts done. Only 30 or so more to go...

I've had several comments on my latest posts to Etsy. I also post them on my Facebook business page for more exposure. I've had two people contact me inquiring about purchases... but so far no concrete deals... hmmmm.

I started playing around with some different chain link ideas last weekend. I made a few swirl links out of the nickel wire and connected them with jump rings- I'm going to finish that project this weekend and see how it looks as a 32" necklace.

I've been doing some internet research to see if I can find some sort of wire Celtic knot design, but so far I haven't found anything good. I actually have a book on Celtic wire jewelry but it's been a bit disappointing. There was one design that I want to try but it will take a lot of wire. The links are doubled up wire that has been bent into spirals. Not really what comes to mind when I think of Celtic but it is an interesting design.

Another design I found on YouTube is an Egyptian wire link necklace. The intricate links form a really cool chain. Again, this is a design that will use a lot of wire. I suppose if I'm using more material I can put a higher price on the finished product!

Tuesday, January 31, 2012

Silent Tagging Ladders = False Likes

Today's Silver Price: $32.98/t.oz.

I've stumbled upon a rather curious thing on Facebook. Apparently there are FB pages completely devoted to helping you increase your "LIKES," or fans on your small business page. Let me see if I can explain this...

The page is designed as a community page to help small business owners network and reach a wider audience and thus increase business. The page owner will post that it is time to start the Silent Tagging session (woo hoo!). You, using your personal page, post a tag to your business page. You must then LIKE all of the previous business tags before your post. The LIKING of other pages is a requirement in order to participate in this 'tagging ladder.' The idea is that everyone who posts a tag for their page will reciprocate by LIKING everyone else's page. Everyone gains LIKES. You are supposed to post using your personal profile so it looks legit... but it's really not. The session lasts a certain amount of time (e.g. 20 minutes), and then the page owner announces that the session has ended.

It took me a while to figure out what the hell this Silent Tagging and Tagging Ladders were all about. I quickly realized that I did not want any part of it as it is a bunch of bullshit. I tried to participate in a session last night. First of all, I couldn't figure out how to tag my page. I kept typing the business name but the tag did not appear. I checked all my page settings to see if maybe there was a selection keeping me from posting a tag, but had no luck. Having failed at tagging my business page, I was a good sport and LIKED several other pages who had tagged their businesses. And by several I mean 25 to 30.

I soon after realized that I would now be receiving posts and updates from these random 30 businesses that I had LIKED. Now I'm getting posts about handmade hair bows for babies. And sexy lingerie. And clothing for chicks who ride Harleys. And from someone who makes candles. And from someone who makes classy redneck drinking glasses (yes, really).

What was more bothersome was that I realized I did not want a ton of empty LIKES on my business page. What's the point of having 100 LIKES if none of those people are actually interested in the product or want to support me in my business endeavour? The whole point of the LIKE count is to see how many people are really interested in what your doing.

I'm still in the process of UNLIKING those 30 or so pages...

Sigh.


~~~{Blog Playlist}~~~
Florence + the Machine, "Never Let Me Go"
Bjork, "Army of Me"
Bjork, "Headphones"
Florence + the Machine, "Shake It Out"

Tuesday, December 20, 2011

Solicitation

Today's Silver Price: $29.36/t.oz.


Right outside my office there is a sign that says "No Soliciting." Upon request I have given my business card with webpage information to several coworkers. Last week I sold two pairs of earrings to a coworker (in the office), and this week she wants to buy another pair. I'm pretty sure that I am not soliciting as long as they are asking to buy it, right? I'm not walking around saying "Hey, look at this, you should buy it!" I simply mention that I make jewelry and some people have asked to see it. Then I mention that I could bring some pieces in so they could see it... and buy it...

The following is from Dictionary.com:

so·lic·it

verb (used with object)
1. to seek for (something) by entreaty, earnest or respectful request, formal application, etc.: He solicited aid from the minister.
2. to entreat or petition (someone or some agency): to solicit the committee for funds.
3. to seek to influence or incite to action especially unlawful or wrong action.
4. to offer to have sex with in exchange for money.
 
Well, I know I'm not offering to have sex with a coworker for money, so I'm good on that one. Number 3 troubles me though... "To seek to influence or incite to action, especially unlawful or wrong action." I am seeking for my coworkers to buy from me... and selling them jewelry while I'm supposed to be working and while they are supposed to be working is a wrong action... oh my. I think I may be soliciting my coworkers.
 
Yikes... maybe I should stick to giving them my card.

Tuesday, December 13, 2011

Forbes Gives A Shout Out To Crafters

Today's Silver Price: $31.35/t.oz.

Over the weekend I came across an article on Forbes.com which suggested that entrepreneurs look to the craft industry for guidance and direction. The article entitled "What Every Entrepreneur Can Learn from the Crafting Industry" discusses the surge in small business development amongst crafters and artisans and how these entrepreneurs have found success.

One of the major tools that an artist or crafter has is their creativity and ability to think outside of the box. Creative and inventive marketing strategies help to promote a new or expanding business. While creative people may not have great business sense, imagination and problem solving skills can go a long way in developing a business. One area where crafters are recognized in having an edge is social media marketing. Many crafters put a lot of time into Twitter posts, Facebook updates, Etsy pages, blogging and other social media outlets in order to grow their business. This is often how crafters and artisans establish a customer following.

The article cites a couple of craft-focused organizations that are aimed at assisting crafters and artisans grow their business and steering them towards success. One of the things I have learned in my internet surfing is that there is a tremendous community of creative minds out there that are eager to help one another. I am finding more and more blogs, forums and conferences that specifically discuss the business of crafting or art and how to be successful selling your creations.

It is very satisfying and validating to see that Forbes has recognized the craft industry as a source of knowledge and experience in the small business field. The article encourages anyone thinking about starting their own business to take a look at crafters for inspiration. Crafters and artisans are motivated by their imaginations and dreams and have envisioned lives lived on their own terms. Creativity and innovation are essential to any entrepreneur in any field so anyone pursuing self-employment should think about connecting with their inner-artist!

Tuesday, December 6, 2011

Debriefing

Today's Silver Price: $32.00/t.oz.

Level of success? My success was moderate this weekend. I did sell a lot of items, but unfortunately I won't be quitting my day job... yet.

This past Saturday's event was a craft fair at a local high school. Quote of the day: "Oh, I knew a girl that made jewelry but it was crap. Yours is really nice!" LOL. I was also asked twice if I go to school there. Mmmmm no, but thanks. I guess I should be happy that I can pass for 15 years younger than my real age!

Anyway, this craft fair was not so great. The vendor next to me said that the fair the school holds in November is better attended. Dammit. I made a little more than my table fee, which is to say I didn't make much profit. AT LEAST I made that table fee. It's a sad day when you lose money doing a craft fair (which I have).

Sunday's event was much more successful. A friend of mine held a vendor party in her backyard. It always helps when the customers are a bit liquored up... haha! The best thing about this event was there was no vendor fee, so everything I made was profit. I sold several bracelets, several rings and a few pairs of earrings. I found it very interesting to learn that what sells at one event will not necessarily sell at another event. Remember those dangle earrings I told you about? Didn't sell one pair this weekend. I was quite surprised.

Last night and tonight I've been posting my leftovers on my Etsy site. I've given my card out to a few ladies at work so I'm hoping I'll start getting more activity on the site.

That's all for now. I'm quite tired after not really having a weekend, so I'm off to bed early tonight!

Thursday, December 1, 2011

Double Header

Today's Silver Price: $32.93/t.oz.

I received my order from Rio Grande today! The production line is now in full swing! I have a craft fair on Saturday and Holiday Boutique Party on Sunday... LOTS TO DO!


Right now I'm working on some sterling silver earrings with Murano glass beads. They are very long dangle earrings and have sold very well in the past. They are fairly simple to create. The only tricky part is creating links for the beads. I am using 18 gauge sterling wire to thread the bead, then forming wrapped rings on each side. The beads can then be attached to the sterling components with jump rings.


Also in progress are several beaded bracelets, both sterling silver and copper. I should have almost 40 bracelets when I am done, including bracelets that I have made previously. I have a whole lot of wire spiral charms to make for these bracelets.




I'm very excited and optimistic about my two events this weekend. I will be displaying my largest collection of jewelry so far. This will be the biggest opportunity I have had for making money selling jewelry. Having two events in one weekend is great. I am doing two events, but I really am only preparing once. It will be a very busy weekend but I think it will be worth it! 

In my order today I received copper stripping that I am hoping to make cuff bracelets out of (with my baseball bat). It is very thick and I'm not sure if I will be able to cut it with the tools I have. Also I will have to file and polish the edges which are unexpectedly rough. I am also going to attempt to make rings out of this material. I think I can make some funky chunky rings with this stuff.

My displays are pretty much all set. I am using the same displays I have used in previous shows. No need to change things now. The earrings will be hung on window screens with painted black frames. The rings will be nestled in between rolled up black felt that has been sandwiched into black wire trays. The bracelets will be draped over paint rollers that have been wrapped in black felt. I will also have elastic wooden beaded bracelets and elastic shell beaded bracelets in glass bowls on the table. These I make and sell for a few bucks- they are usually pretty popular. I'll buy a plastic black tablecloth from the dollar store and be all set! Totally a DIY table display!

Tuesday evening I will be reporting my success...  :)


"Optimism is the faith that leads to achievement. Nothing can be done without hope and confidence."
                                                            -Helen Keller

Thursday, November 10, 2011

Holiday Game Plan...?

Today's Silver Price: $33.79/t.oz.

Game Plan: None.

Am I supposed to have one?

During an online forum on Etsy I heard that for the holiday season you should plan for increased sales, therefore you must have increased inventory. The audience members were asking what the experts were doing to prepare for the holidays. The experts suggested simplifying your collection of merchandise- or editing down to the most popular items. Focus on creating items that are proven sellers. Hmmm, I guess this is no time for experimenting.

This makes me think of a presentation I watched on creating your own path to success. The presentation was entitled "Design Your Own Success." The speaker was Sharon Ann Lee who is a cultural trend analyst, writer and artist. The presentation is about 30 or 40 minutes and I highly recommend watching if you have the attention span especially if you are a small business owner. There's also some good life lessons in there. She explains the difference between when "your ass is broke," and when "money is coming out of your ass." Good stuff.

ANYWAY.... One way Lee says we can be more successful is to become more efficient in our work. Lee explains the 80/20 rule, or the Pareto principle. It goes like this: 20% of your work brings in 80% of your results (revenue), and therefore 80% of your work and effort only brings in 20% of your results. She states that you should cut out the 80% of your effort that is not producing maximum results, thus giving you more free time. Interesting theory, however I have yet to determine what 20% of my effort is most profitable.

If I were to compare painting to jewelry making, painting definitely takes more time and effort, and so far has been the least profitable. A painting may take 5 hours, 10 hours or more to complete. Usually a piece of jewelry takes 20-30 minutes to complete and maybe less. So perhaps I should focus solely on producing jewelry? Devote my time and money to creating as much jewelry as possible and put the painting projects to the side. I hate the sound of that. But it may be a sound business decision. Did I just figure out what the 80% to cut is???

And thus ensues the battle between heart and mind!

Tuesday, November 8, 2011

Consignment Shops and Baseball Bats

Today's Silver Price: $34.79/t.oz

Consignment Shops

People are always telling me that I should sell my jewelry in consignment shops. My immediate reaction is always 'Hell No!' Just this morning someone told me that a friend of theirs had opened a consignment shop in the area and I could contact her to sell my jewelry. Here's how it would work. I make an agreement with a shop owner in which they will sell my jewelry in their store, and they keep a percentage of the sale. I trust that the shop owner will take good care of my handmade merchandise and make some effort to sell it. Now I'm not sure of the details of these kinds of agreements such as what percentage of the sale they keep, I suppose that depends on the arrangement.

From what I have read consignment shops can be a very bad choice.

In his book Philip Kadubec describes how he and his wife made an agreement with a consignment shop to sell their handmade baskets. They set up the baskets in the shop's window display and left the store with high hopes. When they returned at a later date they found that their baskets had been moved- placed under a table and out of view. That's no way to sell a product! Once you leave your product in someone else's shop you have no control over how and where it is displayed.

One of my objections to consignment is that I try to keep my prices as low as possible in order to attract buyers, but at the same time make a decent profit. If I were to give a percentage of my sale to someone else it wouldn't be worth it. I would have to raise my prices.

Also, I have always been terrible at delegating responsibility. So how could I trust someone else (a stranger, by the way) to sell my product? They didn't make it, they have no love for it, and if it doesn't sell it's no loss for them. For now I will stay away from consignment arrangements because it just doesn't feel right for me. Maybe in the future I will revisit the idea but for now I will continue to respectfully decline the suggestion.


Baseball Bats

This past Friday I was sitting in my car on my lunch break thinking about cuff bracelets (this is how my mind works- I daydream about jewelry). I found this video last week in which the artist makes a cuff bracelet out of a strip of 16 gauge sterling silver. He simply bends and then hammers the silver around a mandrel and forms a bracelet. Rio Grande sells a great selection of plain and patterned wire that can easily be made into cuff bracelets using a bracelet mandrel. A bracelet mandrel is a cylindrical object (usually steel) around which metal can be bent or wrapped in order to form a bracelet. As I mentioned last week, I do not have a bracelet mandrel, and one would cost about $30 or $40 to purchase.

I thought about what other objects I could possibly find that are similar to a mandrel and could be used for shaping cuff bracelets. I remembered I have an aluminum baseball bat in the back of my Jeep (a girl can never be too careful) and realized it was quite similar to a mandrel. I pulled the bat out of the back and found it was a pretty good size for wrapping a bracelet around. Aaaaaand... makeshift mandrel? Check!

I'm psyched out of my mind about it! I think cuff bracelets will become a large part of my jewelry collection in the very near future.

Thursday, October 27, 2011

The Price is Right... Or Is It?

Today's Silver Price: $34.89/t.oz.

One of the most difficult things in selling your creations is determining how much to sell them for! If you do some research there are all kinds of formulas out there to figure out what to price to put on your product. Obviously I have to cover the cost of materials. And then there's labor. Should I use an hourly rate? How much is my hard work worth per hour? $20? $50?

One of the ways I determine my pricing is to think of how much I would spend on the piece if I were buying it in a store. I'm pretty knowledgeable on purchasing sterling silver jewelry... I've bought a ton in my lifetime! So I try to think about how much would I spend on a pair of sterling silver earrings and price my earrings accordingly.

A tricky little curve ball here... the price of silver has fluctuated tremendously in the last two years. Metal markets have been a roller coaster ride recently. So if the price of silver goes up, should I raise my prices? I guess not for pieces that I have already made from materials that I bought when prices were low... but any pieces made with new materials should be priced higher... but my customers wouldn't understand why there is a difference... arrrgggghhhhh.  

The objective is to keep merchandise prices low so that people are more likely to make a purchase. However if prices are too low I won't make any profit and it won't be worth all the time and effort. Finding the happy medium is quite a challenge!

Thursday, October 20, 2011

Information OVERLOAD.

Today's Silver Price: $30.35/t.oz.

The amount of information now available to us is staggering. These days if I am curious about something or need an answer to a question the solution is always "Google it!" The internet is a vast library of endless information and resources. I have learned to make rings from videos and articles online. I made my light tent from an online article. I check the price of silver everyday on the internet. Anything I want to know about or learn is at my fingertips.

Lately I've been feeling overwhelmed by all of this information. I keep finding new websites or new blogs that are interesting or educational. Videos on jewelry making, articles on fine art, blogs on selling handmade goods, webinars on utilizing social media to promote your business... I want to absorb it all! Then there is the news and current events, protests, wars, politics... forget about it. It's too much! Even if you stayed on the computer all day everyday you probably would not be able to soak up everything.

I just watched an instructional video on metal stamping on JewelryMakingDaily.com. It was a short five-minute video. Wasn't earth-shattering but was still informative. This is the kind of stuff I want to see more of and could see more of if I didn't have to work an office job all day. After spending most of my eight hour work day on a computer, coming home to use my computer is not all that appealing.

I have a ton of saved emails from Handmade Success that I never have time to read. They are full of tips and advice for crafters and artisans that have their own business. I keep saving them thinking one day I will sit down and read all of them. I may never have the time to read them all.

Today on my lunch break I was on Facebook and I saw an interesting post from Halstead Bead Inc. However I was using my Crackberry which is not conducive to reading an article, so I told myself to remember to come back to it later when I could sit down at the computer. Today I actually did go back to it and read the post and watched the free metal stamping video it linked to (mentioned above). However this is unusual. Typically I glance over the posts on Facebook and make note of the interesting things, but then never go back to get a closer look. I tell myself that when I have time I will look at all this stuff that I've perused. I think trying to catch up on everything would be impossible!

I have a Twitter account but I hardly ever use it. I really should utilize it more often, I have heard stories of jewelry designers who have been successful simply by promoting their product and website on Twitter. I haven't fully grasped Twitter. I don't see how people find one or two sentences to be interesting. Also I feel it contributes to our rapidly shrinking attention spans. We read a post, we giggle, we move on. Always worried about what's next; what else is out there.

So many ideas floating through my head. It's hard to hold on to them! Do you ever get home from work and try to remember some really great idea you had in the middle of the day but it's gone? This happens to me all the time! The ideas that I can't hold on to are jewelry designs, patterns, painting inspirations, interesting shapes and new materials or a new way of creating something. A coworker's necklace, the shape of the clouds in the sky, or the color of a highlighter can all spark a new idea. Today I brought my sketchbook to work. On my lunch break I started jotting down some of the things that had been bouncing around in my head that morning. This may partially solve my problem of fleeting ideas and thoughts... if I can hold onto the thoughts until lunch time! I feel that I may start to become preoccupied with the sketchbook when I should be focusing on work projects. Today I was doodling at my desk on sticky notes. Not a good habit to get into. Even though my office is super laid back, I don't think they would appreciate me using company time and supplies to scribble down the designs in my head... sigh.

Managing the information- both on the internet and in my head. I believe this will be one of the biggest challenges I find in maintaining my business, improving my jewelry making skills and nurturing my creative energies. Being able to focus on one idea at a time and seeing it to it's fruition. I think I need to start meditating to keep my mind clear! More yoga!

Tuesday, October 18, 2011

Different Brushstrokes for Different Folks.

Today's Silver Price: $31.65/t.oz.

When I started doing craft shows I quickly learned that my style of art is not exactly mainstream. I enjoy exploring and learning about other cultures, and some of my paintings reflect that part of my personality. I connect with exotic patterns and designs and I am particularly interested in Indian and Asian art. I naively thought that everyone would appreciate this type of aesthetic- but I was wrong. Below are some of the first watercolor paintings I displayed for sale at vendor shows.

Most people had no idea what the Om symbol was or what Namaste means. I got a lot of compliments and folks passing by said that my paintings were beautiful or lovely, but no one was buying them. Not my audience? I still have not sold these pieces.

In February of 2010 I was doing a vendor fair at a high school. A very old woman in a wheelchair came by and was looking through my paintings. She left, but a while later she came back and bought this painting:


The woman had no knowledge of the symbolism of a lotus flower; that it represents strength and perseverance. She bought it because it was a pretty flower. Again, not my audience. It made me think about my customers and what they were looking for. Being the stubborn bull that I am, it was hard for me to put aside my own ideas about art and try to create pieces that would be more popular and more attractive to buyers. I noticed that vendors around me were selling items that were cute, witty, or personalized. While I still like to create spiritual or cultural pieces, I am starting to incorporate paintings such as this into my offerings:

Items for the home (mostly the kitchen) that are witty and playful are being added to my collection. I have a wooden sign that I made in my kitchen that says La Cucina (The Kitchen in Italian). These are the kinds of things people will by, and I have to offer at my table. I am also considering offering personalized signs that people can order, such as "John's Tavern." I think that personalized items with children's names would also be very popular.  

I did a show at a bar last spring. The show was held on the second floor in their catering room. It was part of an Earth Day celebration. There was live music and dancing downstairs in the bar, and the attendees would wander upstairs to see what was happening at the craft show. I found that people are more likely to buy something if they've been drinking... lol. I sold the painting below, a 9x9 watercolor along with two others.


That event turned out to be rather successful for me. I sold several jewelry items and 3 or 4 paintings. A woman stopped by and complimented my wire technique. She stated she was a jewelry maker and was impressed with my rings. There was a heavy hippie population at this event and lots of young artsy hipsters. Had I found my audience? 

I guess I have to find a balance between the super artsy paintings that I enjoy creating and the more commercial pieces that are more likely to sell. Then of course I have to think about the time of year...jewelry with hearts and paintings about love will sell well around Valentines Day, Celtic jewlery and art will sell more around St. Patrick's Day, etc.

I guess when I'm rich and famous I can paint whatever I want and people will buy it...  For now I will cater to the conventional masses and see if I can make a few bucks here and there.

Thursday, October 13, 2011

What's In A Name?

Today's Silver Price: $31.66/t.oz

I originally registered my business name as Silver Current Jewels. Drove out to the County Clerk's office and registered a sole proprietorship. I think it was about $35 to register. A sole proprietorship is the simplest form of business. Soon I will incorporate which will legally separate my business completely from my personal finances. Incorporation is a bit more pricey... I have to figure out what it's going to cost. I see those commercials for Legal Zoom all the time saying they can help you incorporate your business. Maybe I'll check them out.

So Silver Current Jewels became official in 2010. However I realized that I also wanted to sell paintings. And perhaps start making furniture someday... who knows what else! So I changed the business name to Silver Current Designs. I figure I can have different product lines such as Silver Current Jewels, Silver Current Home, Silver Current Body... the possibilities are endless. At the time I had thought I would only be selling sterling silver jewelry. I did not foresee the drastic jump in silver prices which would force me to find other materials! However silver will always be the main focus of my jewelry, so I do not see a need to change the name.

I have read that a business name should be short and simple; easily remembered. It also should reflect the product or service that the business makes or provides. Silver Current Jewels would have been more descriptive of the business and the product, but I felt it was too limiting. Rather than creating multiple businesses to sell multiple types of products, I changed the name to a more generalized version.

The idea for the business name came from a novel by Ursula Hegi called Floating In My Mother's Palm. In the novel the main character is floating in a river at night and the author describes the flow of the water. "Where the two currents merged, a silver line shimmered under the moon, shifted, and adjusted itself, over and over." This is such a wonderfully descriptive line which has stuck with me for many, many years and has inspired the name of my business.

Will Silver Current Designs become a household name? Who knows! That's the exciting thing about life- you'll never know what's possible until you try it!