Background Information about the rhinestone pin business
Rhinestones are a popular costume jewelry purchase for many people starting a rhinestone pin business will reach those clients in this particular niche.
Pros of the rhinestone pin business
A rhinestone pin business is easily started both online and through a normal small business. It is also very inexpensive to get started. By starting the business online you can also make your rhinestone pin available on online auction sites as well.
Cons of Running a rhinestone pin business
The problem with the rhinestone pin business is that the jewelry is costume and maybe harder to find customers who like this kind of thing. It also requires the business owners to be able to create these items, if you do not have this particular skill this may not be the right business.
Licensing or Special Requirements for a rhinestone pin business:
There are no particular special requirements or licenses that are required for a rhinestone pin business, however normal business licenses are required if you have a business location for your product.
Getting Started in the rhinestone pin business:
The Rhinestone pin business is relatively easy to get started because all you need realistically is crafting equipment, supplies and know how. If you have crafting skills and can make beautiful jewelry you will be able to run this kind of business.
Minimum Start up Cost:
When starting a rhinestone pin business you will have very low start up costs and have very low overhead. If you already have a location or you make your sales online, as of January 2008 the minimum start up cost for this business is roughly about $200, including supplies and equipment.
Minimum Start up Equipment:
In order to start a rhinestone pin business you will need jewelry making supplies which include Rhinestones, Pin backs, Heat Transfer Tools and Glue Guns.
Optional or Advanced Equipment
When starting your rhinestone pin business your minimum equipment is fine, however you may want to branch out and add fancier rhinestones to your items or create more designs so you will want to have the phone numbers of suppliers who can provide specialty designs.
If you are doing your rhinestone pin business online, you will also have to invest in shipping equipment and a postage printer so that you can get your products out to your customers.
Hours of Operation:
Hours of operation for a rhinestone pin can be from 9 am to 5 pm, however if your business is online you can provide 24 hours ordering for your clients, with your hours of operation being 9 am to 5 pm.
Minimum Number of People required to Operate A rhinestone pin business:
If you are opening a online rhinestone pin business you will only need one person who is in charge of everything, however it you have a store front or a jewelry kiosk you will want to have 2 people to match the switch in shifts.
Reference Sites:
For Buying Rhinestones
Important Point To Keep In Mind
See Also: How to Start A Business : Business Idea of The Day
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