How Much Does It Cost To Start A Jewelry Making Business? (In 2023)

How Much Does It Cost To Start A Jewelry Making Business? (In 2023)
Start A Jewelry Making Business

Wondering how much it costs to start a jewelry making business?

  • The minimum startup costs for a jewelry making business: $12
  • The maximum startup costs for a jewelry making business: $21,740
  • The average startup costs for a jewelry making business: $11,015

Here's a detailed list of a jewelry making business startup costs:

Learn more about starting a jewelry making business:

Where to start?

-> How to start a jewelry making business?
-> Pros and cons of a jewelry making business

Need inspiration?

-> Other jewelry making business success stories
-> Examples of established jewelry making business
-> Marketing ideas for a jewelry making business
-> Jewelry making business slogans
-> Jewelry making business names
-> Jewelry making business Instagram captions

Other resources

-> Jewelry making business tips
-> Jewelry making business manufacturers
-> Jewelry making business hashtags
-> Jewelry making business calculator

Equipment & Supply Expenses

Starting a jewelry making business may require purchasing some equipment, whether that's for producing the product or packaging the goods, or equipment needed in the back office.

Cost Required? Min Cost Max Cost
Cleaning Supplies ➜ Optional $63 $200
First-aid Equipment ➜ Optional $3 $500

Software Expenses

Your jewelry making business needs software to run efficiently!

Why spend money on software? Because it can help you save time and automate certain parts of the business, so you can focus on the most important matters. Software and technology can help you grow your business, and save you from expensive personnel costs.

Cost Required? Min Cost Max Cost
Email marketing tool Recommended $0 $100
Accounting & Invoicing Software Recommended $0 $50
CRM Software ➜ Recommended $12 $300
Project Management Software Recommended $0 $25
Design Programs & Software Optional $0 $50
Social Media Management Tools Optional $0 $50

Office Space Expenses

It will be your call to determine if you need office space. It is not a requirement but may be necessary as your jewelry making business grows.

Cost Required? Min Cost Max Cost
Rent ➜ Optional $0 $5,750
Utility Costs For Office Space ➜ Optional $0 $1,150
WiFi & Internet ➜ Optional $0 $100

Inventory Expenses

If you sell a physical good, you'll likely have to start with some inventory.

Cost Required? Min Cost Max Cost
Inventory Storage Optional $0 $5,000
Package Design ➜ Optional $50 $3,000
Shrinkage Optional $0 $1,000
Distribution costs Optional $0 $750

Advertising & Marketing Costs

Cost Required? Min Cost Max Cost
Business Cards ➜ Optional $0 $50
Local fairs and festivals Optional $0 $500
Direct Campaigns, Printing and Mailing Optional $0 $300
Affiliate Marketing Commission & Fees Optional $0 $250
Influencer Marketing Optional $0 $750
Press Optional $0 $500
Google Ads Optional $0 $300
Facebook & Instagram Ads Optional $0 $350

Website Costs

Every business should have a website, and it's worth spending a bit of money to set it up right.

Cost Required? Min Cost Max Cost
Domain Name ➜ Required $12 $200
Business Email Hosting Service ➜ Recommended $1 $15

Specific Industry Expenses

Cost Required? Min Cost Max Cost
Handyman Tools Optional $0 $500

Pat Walls,  Founder of Starter Story
Want to find more ideas that make money?

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