[Jewelry making - Article 01387] - Re: [Orchid] Retail Vs. Office Space

[diamondeddy2]

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    I knew of several repair shops-trade/retail both, in offices, over
    the years in the Indianapolis area, and all seemed pretty busy for a
    number of years that I lived there. I even did tradework for a guy
    that did very high end retail from his home-appoinment only. 

    As far as retail repair shops, its probably the portion of this
    business that someone can get a new start. Inventory costs for full
    blown jewelry stores have become considerably more difficult for the
    startup. Whereas, inventory costs for a repair shop are drastically
    lower, plus with places like stuller shipping parts faster than I can
    get to the jobs, who needs to keep a huge inventory on hand. 

    With the current precious metals landscape, I believe folks will
    tend to hang on and repair existing pieces a little longer. In
    addition, more and more people are walking in my door every single
    day, selling jewelry they cant afford to keep or repair. There's
    always profits to be made, ya just gotta be willing to go after them.
    Scrapping is not my fav thing to do but it sure does make it alot
    easier to do the things that are my favs. 

Ed
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