972.814.3612
|  jennifer@jenniferherriage.com

Jennifer Raney Herriage

Your Rockwall REALTOR®

  • Home
  • Listings
    • Search Listings
    • Featured Listings
    • Video Walk-Throughs
  • Resources
    • Design for Real Estate Investors
    • Buyers
      • The Homebuying Process
      • Buying Tips
      • School Districts
        • Rockwall ISD
        • Sunnyvale ISD
        • Richardson ISD
      • Rockwall Foreclosures
      • List of Inspectors
      • What is a Title Commitment
      • Fiduciary Responsibility
      • Ready To Buy
    • Sellers
      • Seller Services
      • 4-Step Seller’s Guide
      • Pre-Listing Checklist
      • Cash For Houses
      • Ready to Sell
    • Preferred Vendors
    • Real Estate Partners
    • Lake Ray Hubbard Living
      • Lake Ray Hubbard Events
      • Rockwall Schools
      • Relocation
      • Jennifer’s Favorite Restaurants
    • About Jennifer
  • Blog
  • Contact

Custom Jewelry Business Plan

March 3, 2023 By JamesCall Leave a Comment


Custom Jewelry Business Plan



Introduction

Contemporary Ti Design creates and produces unique titanium jewelry. Contemporary Ti Design makes many different designs in the form of earnings, pins, and pendants. All of the products are designed and manufactured by Steve Artificer. The following are the marketing/production goals that the company has established for the next three years in order to expand and gain market penetration.

  • The utilization of Contemporary’s designs in at least 40 different galleries.
  • Increase the number and quality of designs by 8% each year.


The Company

Contemporary Ti Design is a custom producer of titanium jewelry. Contemporary Ti Design has many options for jewelry. They offer a range of products, from pendants to pins and even earnings. Steve Artificer is the designer of all pieces. His home will be the business’s headquarters. Steve sells the pieces directly through his website, as well as through select galleries and art exhibitions. Steve plans on hiring a sales representative in the eighteenth month to handle all customer interactions.


Market

The jewelry industry is fragmented. There are thousands to even thousands of jewelers competing in the market for distribution contracts. While some artisans work locally and distribute their products, others have national distribution channels. Some artists will design products for larger companies to manufacture, others will design and make the pieces themselves. The following are examples of Contemporary Ti competition:

  • Artists create designs that can be manufactured on large scale and distributed across the country.

  • Companies that have their own designers in house. This is where all the work is done in-house: design, marketing, and wholesaling.

  • Steve and other artists design and create all of their pieces, then sell them to the public.

Contemporary Ti Design will concentrate on two distinct types of customers. One is the end-consumer, the other are galleries, which can be used as distribution channels. Steve will allow the end consumer to interact via his website, as well as by personal contact at exhibitions/shows. Exhibitions and shows will be used to meet the galleries (museum shops, jewellery stores).


Considerations for Financial Planning

Contemporary Ti will be completely financed by equity capital provided by Steve Artificer. Our break-even point will be reached within the first one year. Based on sales projections over the next three-years, conservative projections predict an annual revenue in excess of $75,000 by year 3. The company expects its cash balance to be healthy.

1.1 Objectives

The following are the goals for the first 3 years of operation:

  • To build a jewelry manufacturing business whose main goal is to exceed customers’ expectations.

  • Contemporary’s designs must be used in at minimum 40 different galleries.

  • To increase the number od designs by 8% annually.

  • To develop a profitable/sustainable home-based company.

1.2 Mission

Contemporary Ti Design’s mission is to make innovative pieces of art in jewelry form out of titanium. We are here to retain and attract customers. If we live by this principle, all else will follow. We exceed our customers’ expectations.


  • digg Digg this post
  • facebook Recommend on Facebook
  • linkedin Share on Linkedin
  • twitter Tweet about it
  • rss Subscribe to the comments on this post

Filed Under: Businnes Plan Tagged With: business, custom, jewelry

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

FIND YOUR HOME

Click here to search property listings.

Mortgage Calculator

$
  %
  yrs
  %
$

Testimonials

“I have both bought and sold properties from Jennifer and I can highly recommend her without any reservation.  She is uniquely qualified due to her vast experience in not only the marketing of homes but also all aspects of ownership.  The result is a professional that adds value to the client beyond the associated cost of representation.” 
- Dean Lontos

DISCLOSURES

Texas Real Estate Commission Information About Brokerage Service

Texas Real Estate Commission Consumer Notice

About Jennifer

Unlike many who get into the field, real estate has been the only career for Jennifer Raney Herriage, who has excelled in serving clients for over 20 years.  Having grown up in a real estate family, Jennifer was first inspired by her mother, a broker … Read more...

© Jennifer Raney Herriage 2017

· Move-in Ready Theme

Website by Hooked On Code

  • follow:follow:
  • Become my Fan Become my Fan
  • Connect with me Connect with me
  • RSS RSS
  • Tweet with me Tweet with me
  • Subscribe to my YouTube Channel Subscribe to my YouTube Channel