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!

Miles and Miles of Wire!

Today's Silver Price: $32.81/t.oz.

Ok, not miles and miles, but feet and feet. 400 feet to be exact. Today I received a delivery from Paramount Wire, or http://www.parawire.com/. I ordered 200 feet of 18 gauge silver-plated copper wire, and 200 feet of 18 gauge copper wire. And yes, I've already gotten into the copper wire to make a new necklace!

I've figured out that one necklace uses about 11 to 12 feet of wire. Each heart link uses 4" of wire, and there are 32 hearts in the necklace. That's 128", or 10.66 feet. Add in jump rings and I guesstimate it's about 12 feet. So if I have 400 feet of wire from this new delivery, I have the potential to make 33 necklaces. If I sell them for $25 each that would be $825. I spent about $70 on the wire, so that's about $755 profit. Not bad! Of course I have not factored in the cost of labor but that's ok. I will probably sell the silver-plated necklaces for a higher price as that wire is more expensive.

Anybody want to check my math?

I definitely would recommend checking out the ParaWire website if you are interested in wire wrapping or wire jewelry. They sell wire in a very wide range of colors, gauges and lengths. Good find, I am grateful for that Etsy forum I stumbled across!



New Additions

Today's Silver Price: $32.24/t.oz.


Some new items I've added to my Etsy page... finally used one of those abalone shell pendants!

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!

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!

Sterling Silver Alternative?

Today's Silver Price: $34.15/t.oz.

Recently I've come across a material called Nickel Silver, or German Silver. It is however, a misnomer, as nickel silver does not contain any silver. 

From Wikipedia:
Nickel silver, also known as German silver, Argentann, new silver, nickel brass, albata or alpacca, is a copper alloy with nickel and often zinc. The usual formulation is 60% copper, 20% nickel and 20% zinc. Nickel silver is named for its silvery appearance, but it contains no elemental silver unless plated. The name "German silver" refers to its development by 19th-century German metalworkers in imitation of the Chinese alloy known as paktong. All modern, commercially important nickel silvers contain significant amounts of zinc, and are sometimes considered a subset of brass.
 

I've purchased a spool of nickel silver wire and have used it in a wire heart necklace. The metal is silver-ish in color, however it does have a slight yellowish tinge to it. It is a bit dull, definitely not as shiny as sterling silver. It is however an extremely economical alternative. The spool I bought was $27 for 200 feet of 18 gauge wire. The same amount of wire in sterling silver would be over $600. Bargain? Yes I think so!

Below is a heart link necklace that I've made from the nickel wire.  

I'd like to do some more research on this material and see if I can find out how durable it is. I'm not sure if this will tarnish, and I don't think that it can be polished. Definitely have to look into that.

One of the disadvantages to this material is that some people are allergic to nickel and would get a rash from wearing jewelry that contains nickel. I would have to be very clear when selling these pieces that they are made from nickel. 

I'm hoping to post some nickel jewelry on my Etsy page this weekend so I can see what kind of response it will get. It's still very hard for me to let go of my sterling silver obsession, but at this price I think nickel silver and I will become good friends!

Show and Tell: Photography Critique

Today's Silver Price: $28.90/t.oz.

I think my photography skills are improving. The pictures I am taking of my jewelry now are so much better than the pictures I was taking when I first started. I think the light tent has been a big factor in getting better shots, but also just the experience of having taken so many photos that I now know how to get a great pic of a bracelet or a pair of earrings. In the beginning I was taking 10 to 20 photos of each piece, which I would then have to narrow down to five pictures to post on my Etsy page. Now I know how to get the good shots, so I may end up only taking five pictures!

I was particularly impressed with my latest round of earring pictures. I think I may be getting better pictures because I am using more interesting backgrounds. It's tricky to find backgrounds (in my case I use scrapbook paper) that is visually interesting but does not overpower the jewelry. I am getting good results using papers that have blurry or faint images that compliment the jewelry and are not too distracting. I am also trying to use the tripod more, even though I get impatient setting up the shot. I need to allow myself enough time to take good photos, and not just rush through the process to get it done.

I'm pretty satisfied now with the pictures I've been posting on Etsy. I think they are attractive and eye catching and much more dynamic than my older pics. Hopefully over time my pictures will continue to improve and help to boost my sales!

Stocking Up On Supplies

Today's Silver Price: $32.30/t/oz.

Yesterday's price of silver was $31.20. Perfect for buying!!! I went online to Rio Grande and I bought some sterling silver earwires, some sterling silver pear shaped components in two sizes and sterling silver jump rings. I also got some 10mm Murano glass beads. All of this is for making earrings. I've made these earrings before, they are long dangle earrings with one colored bead in the middle and they sold like HOTCAKES when I set up a table in my sister-in-law's teacher's lounge one day in 2010. Teachers love jewelry! It of course helped that it was a week before Mother's Day.

I also purchased some 16 gauge copper wire to make wrapped wire rings, and I bought a pound of copper stripping with which I hope to make cuff bracelets. I'll be giving the baseball bat a try for those.

From Fire Mountain Gems I ordered 18 different colors of 6mm glass beads. The beads come in 16" strands so I am going to have a whole lot of beads! I'm looking forward to making multicolored glass bead bracelets in both sterling silver and copper. I also bought some 10mm Greek evil eye beads- one package of 100 in traditional blue and white and another package of 100 which is multicolored. I have a friend that requested a bracelet with green evil eye beads so I thought I'd make a whole bunch, I think they would be popular. 

I spent a little over $200 on these orders combined. Hopefully it will be worth it! My supplies should be arriving early next week. Can't wait to get to work on it!