Let’s just do the math… For instance…hypothetically everyone…
Your cost in materials, which includes everything from your
findings, beads, etc…cost you wholesale…$45.00 in silver,
gold-filled, platted or whatever…to sell it retail you will at
least double your materials cost, so that is $90.00
Now, take those same materials, but put them with 14kt, 18kt. or
22kt. and your price for materials let just say is $200.00. Again,
you double your materials cost, oh boy it is now $400.00.
Subtract $90.00 from $400.00 and you have a $310.00 PROFIT!!
It will take you the SAME amount of time to create the pieces in
either inexpensive materials or expensive ones but the difference in
your profit margin is huge.
BUT, now lets not forget of course the original amount of money you
have to tie up in inventory and if you do not sell the items you
will sit on them until you do or you scrap them…something to think
about. Not everyone has the money to do this but in the end, my
experience it has paid off.
Hope this helps,