Making a living wage?

Can she really be making a living wage with prices like this?
formatting link
Not to mention what the eBay bill must be like for 6 pages of auctions. I know her jewelry isn't all that complex, but $5.00 for a sterling bead ring? Makes me wonder if I should even bother to learn to make rings if this is what people expect to pay for them....
Reply to
Magik
Well, from what I see, the designs are very simple and since they make pretty much the same thing, over and over again, they probably knock the rings out in about 15 minutes, max. I know the earrings would take me only about 5 minutes to put together. So, if they get their materials really, really cheap, its possible that selling enough rings at $5 each would get you a living wage. Quantity adds up.
Reply to
Barbara Forbes-Lyons
I was going to say those rings take about 5 minutes. I don't care that much for them. They're ok for kids or teens, but I just don't think they're that pretty.
Reply to
Beadbimbo
vj found this in rec.crafts.beads, from "Beadbimbo" :
]I was going to say those rings take about 5 minutes. I don't care that much ]for them. They're ok for kids or teens, but I just don't think they're that ]pretty.
i don't like putting down other people's work. but yes - for the market they seem to be aiming for, it probably works.
----------- @vicki [SnuggleWench] (Books)
formatting link
(Jewelry)
formatting link
newest creations:
formatting link
----------- The measure of the menace of a man is not what hardware he carries, but what ideas he believes.-- Jeff Jordan
Reply to
vj
~~ Sooz ------- "Those in the cheaper seats clap. The rest of you rattle your jewelry." John Lennon (1940 - 1980) Royal Varieties Performance ~ Dr. Sooz's Bead Links
formatting link
Reply to
Dr. Sooz
Sooz ------- "Those in the cheaper seats clap. The rest of you rattle your jewelry." John Lennon (1940 - 1980) Royal Varieties Performance ~ Dr. Sooz's Bead Links
formatting link
Reply to
Dr. Sooz
If you go to the order info page, about halfway down is a link to her auctions. She's a power seller, so she must be moving a lot of merchandise on eBay.
formatting link
Tanya
Reply to
Magik
It could be she isn't making them all herself.
Even if she isn't at a scale where she can have them made oversees, there are other ways to get cheap labour.
When my cousin was in highschool, her art teacher (a strange woman in some other ways btw) bought her jewelry-making tools and had her make up charm bracelets. She gave her about $2 a bracelet. I am not sure where she sold them, but I'll guess she got more then $2 a bracelet for them.
marisa2
> > Can she really be making a living wage with prices like this? > >
formatting link
> > Not to mention what the eBay bill must be like for 6 pages of auctions. I > know her jewelry isn't all that complex, but $5.00 for a sterling bead ring? > Makes me wonder if I should even bother to learn to make rings if this is > what people expect to pay for them.... > > -- > Tanya > Some new pics in the Gallery >
formatting link
Reply to
Marisa Exter
says...
OK, but.....
$5.00 ring sold on eBay MINUS $0.35 listing fee $0.25 FVF $0.45 if paid by paypal $0.16 bubble mailer $0.60 postage EQUALS $3.19 Gross profit before materials
That doesn't leave a whole lot of room for materials, labor and overhead.
Tanya
Reply to
Magik
Can she really be making a living wage with prices like this?
formatting link
no -- many people don't realize it until the end of the year -- and find out that they made nothing.
My first official "year" in business - I lost over $300 on the books... LOL
Cheryl last semester of lawschool! yipee! DRAGON BEADS Flameworked beads and glass
formatting link
Reply to
Cheryl
Haw! She emailed back -- "Is this a trick question?" Haw!
~~ Sooz ------- "Those in the cheaper seats clap. The rest of you rattle your jewelry." John Lennon (1940 - 1980) Royal Varieties Performance ~ Dr. Sooz's Bead Links
formatting link
Reply to
Dr. Sooz
I think you may be making the (possibly incorrect) assumption that this is ALL she does to earn money. This may just be supplemental income.
KarenK
Reply to
Karen_AZ
Just a guess here, but maybe she's not trying to make a living wage?
I mean, I work full-time as an administrative assistant (not a great salary, but I won't starve ). I started selling stuff I made so I could afford to buy more beads and make more stuff. I'm even working on a website to try and sell stuff on line; but I'm not trying to make a living at it.
Besides, someone mentioned she (Kim) is a power seller on ebay, so maybe that's where her living wage is coming from and the items on her website are just supplemental income.
Just a thought from a non-professional :)
Cheers, Carla
Reply to
Carla
It certainly looks like a case of "you get what you pay for" here... I do very little beading, and have never attempted a ring, but looking at that picture I think I could make one in around 10 minutes with less than 6-8" of wire and three beads. I'd imagine if I made several of them I could get it down to under 5 minutes each....plus I could do them while watching TV or waiting on dinner to cook or even while sitting in the car waiting for my daughter to get out of school or while sitting in a doctor's office while waiting my turn...any odd bit of time available.
If I wanted a custom ring or bit of jewlery that I didn't think I could make myself, I would certainly want something that looked nicer than those rings, and I would most definately expect to pay a good bit more than $5!
Reply to
Cathy Biro

Site Timeline Threads

InspirePoint website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.