How to Start an Accessory Business

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If you are interested in selling accessories (jewellery, bags, hats etc.) then follow these few steps that should get you up and running.

Steps

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  1. [1]
    • When thinking of a brand name, it's usually best to get a notepad ready for a list that will help you remember all the name and make the process of elimination easier. Try to think of something that emphasises your persona or brand message.
    • Go on the Internet to try to find some accessory-making courses/classes. This will help make your brand more original, creative and will also make your days a bit easier.
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  3. [2]
    • Consider how you want to represent yourself and your brand. If you're a happy person, opt for light colours and fun designs. If you're a serious, practical person, design the whole brand to how it suits you! This is one of the most important parts.
  4. [3]
    • Before you actually start making anything or finalising your brand, go to craft fairs and look at some of the homemade jewelry they have created. Take a note down of the properties and design features of the ones that you like so you can mix them up and add to yours when you do start making!
  5. [4]
  6. 6
    Make the jewelry! If you couldn't find much inspiration, go on YouTube and see how they make the jewelry in different ways to give effect.
    • After making all your fabulous pieces, it's time to spread the word and put on a jewelry party! Get a few friends to come round, have a few drinks, mingle but most importantly, ask for feedback and try to sell the bracelets! Obviously, you shouldn't have high prices as they are not part of a big brand yet, but hopefully soon will be!
  8. [5]
    • Put flyers up around town and posting business cards on bulletin boards really help improve business. Also, setting up your own website is another really helpful way to get people to buy your jewelry and try to get 'founded' by shops and big accessory brands.
    • If the jewelry is selling, it's time to talk to some high street store managers that could maybe give you a brand funded by that shop. Making an appointment with a lower end fashion store is a good way to start. Keep on trying until you finally get accepted.
    • As you went to craft fairs earlier on, do the same and sell some of your accessories there, maybe to help someone in the same position as you were! Make multiple of the same design just in case some are more popular than others.
  11. [6]
    • if you think you have enough money, and the accessories will do well enough, maybe it's time to open up your own shop! Look around town and the high street to see if there are any places to let, or set up your own stall in the middle of a shopping centre. You could maybe think about getting a ground floor apartment close to where you live and use that as the shop, with the landlord's permission.
  12. As the job market is rapidly getting lower, you could help a non-working friend out by giving them a job. Even though you have your own business, it never hurts to carry the store on and try to set up a brand in another shop. [7]
    • Choose an employee of the month. [8]
  13. [9]
    • If the business isn't going so well, ask your friends to recommend you and advertise more on the radio or tv. [10]
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Community Q&A

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  • Question
    Where do I get the accessories for the business?
    Community Answer
    I would recommend looking for a wholesale market around you. (Every major city has a wholesale market somewhere.)
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    Not Helpful 0 Helpful 8
  • Question
    What are the things I need to start an accessory store?
    Community Answer
    Money to invest, as well as time, effort, motivation, and then of course the materials to make the accessories to sell for money.
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  • Question
    Does it matter if my product prices are way less than my competitors, even though I make a profit?
    Tom De Backer
    Top Answerer
    Yes. There is a lot of psychology involved in pricing. If an average price for a product is $25, but you sell the same product at $10, then a lot of people will think, "It can't be this cheap, it must be stolen or crappy quality." And honestly, it usually is. If you have a genuinely good quality product that you can sell for far less, then you will quickly have a lot of new competitors selling at your price; everyone wants a piece of the pie. This can kill the market.
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      Tips

      • Ask a lot of stores if they wouldn't mind using your designs for their store. Don't just use only one and keep persisting.
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      • Only open a store if your positive the accessories are doing well. Otherwise stick to the Internet or open a stall.
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      • If you have a 3+ story house, why not consider using the ground floor as your store? It's cheaper and it won't be that far to travel to.
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      Expert Interview

      Thanks for reading our article! If you’d like to learn more about starting a business, check out our in-depth interview with Anar Kazimov .

      References

      1. ↑ https://www.entrepreneur.com/article/223401
      2. ↑ https://www.entrepreneur.com/article/77408
      3. ↑ https://bizfluent.com/how-6088577-start-girl-accessory-business.html
      4. ↑ https://www.entrepreneur.com/article/250211
      5. ↑ https://www.entrepreneur.com/article/283832
      6. ↑ https://www.entrepreneur.com/article/56200
      7. ↑ https://www.indeed.com/hire/how-to-hire
      8. ↑ https://bizfluent.com/how-4485719-start-employee-month-award.html
      9. ↑ https://www.entrepreneur.com/article/327472
      1. ↑ https://www.entrepreneur.com/article/286171
      2. https://bizfluent.com/how-6659274-start-fashion-accessories-retail-business.html

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      Reader Success Stories

      • Destiny Dum

        Nov 15, 2022

        "It gave me a new perspective to start my accessory business with just 13 tips!"
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