Thrive By Design: Business, Marketing And Lifestyle Strategies For Your Jewelry Brand To Flourish And Thrive

EP387: How Much Should I Pay Myself As a Jewelry Designer?

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Sinopse

We just wrapped up the Jewelry Brand Makeover Bootcamp and it was AMAZING! We welcomed 172 (and counting) jewelry business owners into our Laying the Foundation Program. During the bootcamp, I got this question several times: How much should I pay myself as a jewelry designer? The mindset and psychology behind your pricing is really powerful and an important factor to paying yourself. That’s why today, I’m sharing a snippet from our Ask Me Anything Q&A. The answer to this one question is not an easy one because most jewelry business owners approach paying themselves in the completely WRONG way.  What you pay yourself is directly related to your pricing but more than likely, not in the way you think. During the episode, I break down… Why most makers think about paying themselves in the wrong way (and it’s keeping them broke) How to price and incorporate the right labor fees into your jewelry The ONE metric you need to know in your jewelry business to pay yourself WELL The “hourly” conundrum and min