The Beginning
When I began making jewelry 35+ years ago, my only interest was in making money. Concerns about design and art, construction and appeal, functionality and emotional engagement were superficial. Probably non-existent is a better word. And yes, this meant I did not care about what any piece of jewelry I made might mean for the person buying it. Or wearing it. Or otherwise putting it on display. There was no consequence for my actions in making jewelry. Except making money. There was a hollowness here which I was, at the time, totally unaware of.
That was a shame.
I missed out on a lot of excitement that emerges from the design process and that special relationship between designer and client.
As I became more proficient in making jewelry, I questioned more and more of myself about what I was doing. Why were some pieces of jewelry I made more successful than others? Why did some sell better than others? Why were some received more warmly than others? Why did some hold up much better from wear than others?
I had had to place a value on the pieces I made. Initially I used a simple pricing formula which related the costs of parts and the costs of labor and the costs of overhead to the price set. But over time, I noticed that some of my pieces were more resonant than others. More desirable. More intriguing. Sexier. Should I increase my prices to reflect these greater, though more difficult to measure, kinds of things? I didn’t know. But I was thinking about it.
Over the years, I thought more and more about what made jewelry more or less successful. How to know when a piece was finished. How to know that I made the best tradeoffs between beauty and functionality. How to know what my jewelry was worth. How to market jewelry. How to sell it. How to sell it in a store. How to sell it at a craft show. How to sell it online. How to organize it into a coherent line of jewelry. How to measure and assess costs, revenues and returns-on-investment.
I share part of my developing knowledge in my book SO YOU WANT TO BE A JEWELRY DESIGNER (https://shop.ingramspark.com/b/084?EenmVM2NMYJGNKaAzr68kaH6GGGSPuNIkGCP1Hfzm3N). In this book, I go over the many hard and soft skills required to become fluent, flexible and original in jewelry design. It is important to understand what jewelry is, how design elements are selected, arranged, constructed and manipulated, how to manage the design process, and how to introduce your designs publicly.
In this book, which is the focus of this series of articles, CONQUERING THE CREATIVE MARKETPLACE, I focus on strategies for integrating business practices with the creative design process — things which can make balancing the creative self with the productive self easier and more fluid. I talk about how dreams are made between the fickleness of business and the pursuit of design.
I go into great detail about all the things you need to think about, know and do when getting started. This begins with basic bookkeeping and accounting as well as developing a business model and also understanding how to protect your intellectual property.
I discuss briefly about how the more literate jewelry designer is more successful in business. Disciplinary literacy involves a set of skills which enable the designer to best relate the jewelry design to client understandings and desires. These skills influence how the client interacts with the piece of jewelry, seeing relevance, value, usefulness, and the designer’s intent.
It is important to understand some basic concepts — Competitive Advantage, Risk, Rewards and Return-On-Investment, and how these play out in all aspects of your business. Also critical is to recognize how what you do in business and what you do creatively affect the Efficiency and Effectiveness of both your design process as well as your business operations.
I have several chapters devoted to product design and development. These range from product goal setting to needs assessment to product distribution, pricing and promotion to managing product launch.
Another section focuses on marketing and branding. You need to create an identify for your business, one that people become aware of and feel positively towards.
This leads to the next section on selling. I review selling strategies important in different settings from retail to craft shows to home shows to online.
I talk about resiliency in business. What kinds of things — emotional, administrative, creative — lead to a greater level of resilience in your business as you face growth, market ups and downs and fashion and taste changes.
Last, I review and present advice for creating the kinds of documents you will need to complement your business goals. These include a creative resume; portfolio; artist statement, biographical sketch, certificate of authenticity and the like.
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For more articles about Conquering The Creative Marketplace, click over to our Jewelry Designers’ Hub
Thanks for being here. I look forward to sharing more resources, tips,
sources of inspiration and insights with you.
WarrenFeldJewelry.com
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Coaching by Warren Feld
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Conquering The Creative Marketplace
Many people learn beadwork and jewelry-making in order to sell the pieces they make. Based both on the creation and development of my own jewelry design business, as well as teaching countless students over the past 35+ years about business and craft, I want to address what should be some of your key concerns and uncertainties. I want to share with you the kinds of things (specifically, a business mindset and confidence) it takes to start your own jewelry business, run it, anticipate risks and rewards, and lead it to a level of success you feel is right for you. I want to help you plan your road map.
I will explore answers to such questions as: How does someone get started marketing and selling their pieces? What business fundamentals need to be brought to the fore? How do you measure risk and return on investment? How does the creative person develop and maintain a passion for business? To what extent should business decisions affect artistic choices? What similar traits to successful jewelry designers do those in business share? How do you protect your intellectual property?
The major topics covered include,
1. Integrating Business With Design
2. Getting Started
3. Financial Management
4. Product Development, Creating Your Line, and Pricing
5. Marketing, Promotion, Branding
6. Selling
7. Professional Responsibilities and Strategic Planning
8. Professional Responsibilities and Gallery / Boutique Representation
9. Professional Responsibilities and Creating Your Necessary Written Documents
