Start A Laser Cut Jewelry Business - Business Ideas
Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.
Increasing disposable income and innovative jewelry designs are some of the top factors influencing the jewelry industry's growth. Modern consumers classify jewelry as a status symbol, a trend boosting the demand for custom and unique jewelry.
According to a market research report, the jewelry industry the global jewelry market size will expand at a compound annual growth rate of 8.5% in the next decade. If you are in jewelry production, you may consider using laser technology to make unique or custom handmade jewelry pieces.
Regardless of the shape, design, or engraving you want to make, using a laser cutter makes it possible.
Starting a laser cut jewelry business requires a great deal of effort, dedication, and most importantly passion.
If you're interested in how to sell laser cut jewelry , or selling laser cut jewelry online, you can use this page as a guide for everything you'll need to know.
Key Stats
Startup Costs
| Min Startup Costs | Max Startup Costs | |
|---|---|---|
|
Office Space Expenses |
$0 |
$7,000 |
|
Inventory Expenses |
$350 |
$14,750 |
|
Software Expenses |
$150 |
$2,794 |
|
Website Costs |
$13 |
$215 |
|
Advertising & Marketing Costs |
$0 |
$2,450 |
|
Total Startup Costs |
$513 |
$27,209 |
Successful Businesses
| Business | URL | Rank | |
|---|---|---|---|
|
|
snapmaker |
snapmaker.com |
107,770 |
|
|
Coherent Inc |
coherent.com |
166,895 |
|
|
BOSSLASER |
bosslaser.com |
167,999 |
|
|
Cards and Pockets |
cardsandpockets.com |
286,281 |
|
|
MakerCase |
makercase.com |
343,634 |
|
|
Welcome To Boxes Online |
boxesonline.co.za |
359,667 |
|
|
DXF DOWNLOADS – Files for Laser Cutting and CNC Router ArtCAM DXF Vectric Aspire VCarve MDF Crafts Woodworking |
dxfdownloads.com |
520,625 |
|
|
TYKMA Electrox |
permanentmarking.com |
570,167 |
|
|
Free Vector |
freevector.us |
682,966 |
|
|
Delvie's Plastics Inc. |
delviesplastics.com |
777,183 |
|
|
Laser Engraver Forum |
laserengraverforum.com |
821,130 |
Pros & Cons
| Pros | Description |
|---|---|
|
Flexibility |
You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own. |
|
Ability to start your business from home |
It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning! |
|
Little startup costs required |
The cost to start a laser cut jewelry business costs significantly less money than most businesses, ranging anywhere from 12 to 27,209. |
|
Rewarding work |
Starting a laser cut jewelry business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about. |
|
Scalable |
With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers. |
|
Traffic to your website |
A laser cut jewelry business gives people a reason to visit your website and to keep coming back to you! |
| Cons | Description |
|---|---|
|
Crowded Space |
Competition is high when it comes to your laser cut jewelry business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies. |
|
Finding The Right Supplier |
Most businesses in this space go the supplier/manufacturer route, which isn't a bad thing! However, finding the right supplier can take a lot of time, energy and trial/error. If done properly, this process can save you months (if not years) of time and energy. More on this below in the "finding a supplier" section. |
|
Security Issues |
With any Saas business, data loss and security issues may arise throughout your process of building your product. It's critical that you understand exactly what you're responsible for and how to avoid potential issues down the road. |
|
Lack of benefits |
With a laser cut jewelry business, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming. |
|
Isolation |
Often times, as a laser cut jewelry business, you typically work alone and do not have much face-to-face interaction with other team members. |
|
Taxes |
As a laser cut jewelry business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it. |
Hey! 👋 I'm Pat Walls, the founder of Starter Story.
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