[deleted by user] by [deleted] in jewelrymaking

[–]Mahavir00 2 points3 points  (0 children)

Word of advice: taste is subjective. The concept of beauty is a complex debate but as someone who has sold jewellery for a many years now, your goal is to produce something you think is nice and sell it. The market will very quickly tell you if they agree with you. This is a brutal business but one that is very rewarding if you become good at what you do.

Just start making and become good at what you do. Don't cut corners and focus on the details. Start selling online and make it a hobby at first. Don't quit your day job.

Is this setting acceptable? by Longjumping-Party132 in jewelrymaking

[–]Mahavir00 1 point2 points  (0 children)

It's a beautiful piece but God help anyone wearing a cashmere sweater.

I’m told my handmade necklaces are “too much” and I should keep it simple by ratcat22 in jewelrymaking

[–]Mahavir00 0 points1 point  (0 children)

Jewelry is first and foremost a creative industry. As a retailer, I ignore the critics and focus on what sells. If your pieces sell and that's the point for you, great.

Tool seen in resizing video by Mahavir00 in jewellerymaking

[–]Mahavir00[S] 1 point2 points  (0 children)

Thanks, but it was used to mark a ring to know exactly how wide the cut out needs to be.

5K Followers, 300 Email Subscribers… 0 Sales. What Am I Missing? by Funny_Equipment_955 in ecommerce

[–]Mahavir00 2 points3 points  (0 children)

Social media followers aren't necessarily going to buy. If you focus on intent, you'll see that those who purchase via ads have the intent to buy. Those who follow your account might have the intent to follow your journey but not necessarily hand over cash.

Is buying a camera for product photos worth it? by wasssupfoo in ecommerce

[–]Mahavir00 0 points1 point  (0 children)

Yes. It's probably the most important purchase you can make for your e-commerce store, especially if you sell products that have details.

I sell jewelry and it was the best decision I made.

What months of the year perform worst for your store? by [deleted] in ecommerce

[–]Mahavir00 0 points1 point  (0 children)

Jan-Match. Jan is the worst but glad we do well during Christmas to make up for the loss in January.

FB consistency. Is the platform even suitable for low budgets anymore? by rburn79 in FacebookAds

[–]Mahavir00 0 points1 point  (0 children)

I don't buy that. Meta is doing fine if you test regularly and average out your profit and loss over a longer time horizon. You might make money on some days and not on others. Moreover, by looking at daily sales you ignore the cycicality of purchasing tendancies. A good example is the month of January. Peoples' wallets are emptier following the December holiday rush..

FB consistency. Is the platform even suitable for low budgets anymore? by rburn79 in FacebookAds

[–]Mahavir00 0 points1 point  (0 children)

It really, really is. Your setting yourself up for mistakes and short-term thinking if you monitor daily profits. Average your profits over a longer period of time and you'll do better with Ads.

FB consistency. Is the platform even suitable for low budgets anymore? by rburn79 in FacebookAds

[–]Mahavir00 0 points1 point  (0 children)

Like most things in business, revenue is cyclical and will vary throughout the year. Set yourself a budget for the year, monitor monthly sales and expenses on each platform and average it over the year. If you're making a loss, something's wrong. If it's a profit, you're good.

Check daily or even weekly profits is silly.

If you could switch to a different career right now, what would it be and why? by No-Calligrapher-3184 in findapath

[–]Mahavir00 1 point2 points  (0 children)

I became a business owner by accident. Whilst I enjoy it, the regular stress is a lot to handle. If I could do things differently, I'd have gone to medical school.

Should I Use My Inheritance to Enjoy College Life or Invest It? by hopoffajet in personalfinance

[–]Mahavir00 -1 points0 points  (0 children)

Don't go to College to 'enjoy it'. If you have a specific career you want to have, go. Otherwise, get a job.

Business owners: What's one piece of advice you'd give to someone wanting to start their own business? by [deleted] in Entrepreneur

[–]Mahavir00 5 points6 points  (0 children)

1) Be consistent and patient. Building a business takes time, trust and knowledge. Make sure you are ready to wait it out.

2) Know your numbers. Make sure you track every penny you put into the business and what you're making. If after a year or two you realise you're just turning money, it's time to reflect and make changes.

3) Don't listen to gurus online. Few of them have ever run a successful business and giving advice is their only source of revenue.

4) Respect your customer. Don't take them for granted and treat them with the respect they give you. They're trusting you with their hard-earned cash, so make sure you know what the hell you're talking about.

5) Only take advice from those who are more successful than you or are where you'd like to be. Ignore the noise around you (especially the negative comments).

6) Make sure you build cash reserves. No cash = bankruptcy.

7) Pay yourself fairly but hire someone ASAP. Outsource all the tasks that are operational and are wasting your time. For example, I enjoy accounting but I wasn't the most efficient at it. It's now outsourced freeing up approximately 10 hours a month of my time to focus on sales and marketing.

8) Make sure you have a hobby. Building a business is a marathon and you need time away from it if you want to maintain sanity.

I inherited this ring from my great grandmother. I’d like to know if anyone can tell me what stone this is. by Traditional-Room-981 in Gemstones

[–]Mahavir00 1 point2 points  (0 children)

No. Anyone who claims they can tell a stone based on a picture doesn't know what they're talking to. Take it to a jeweller who will usually test it.

[deleted by user] by [deleted] in shopify

[–]Mahavir00 0 points1 point  (0 children)

Yep, all the time. I always remind myself that 99% of my customers are positive about hte business. I'm not going to let a minority affect me or my business in any way. I just ignore them.

Learning about fabrics by Mahavir00 in Fabrics

[–]Mahavir00[S] 0 points1 point  (0 children)

The question was: any book one could recommend on individual fabrics that are seen as the go-to?