[Jewelry making - Article 01464] - Re: [Orchid] Retail Vs. Office Space

[Neilthejeweler]

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    If you already have a loyal following you might be ok in a
    non-retail space. But then again, if you are serving them now, why
    add the cost of a space? It'd be some time before word gets around to
    the general public where you are and what you offer. Someone pointed
    out zoning, if you get around that be certain that the building has
    tenants or visitors compatible with what you want to be doing. 

    Yeah retail space tends to be bigger and more $ than you'd like.
    Maybe you could team up with another craftsperson and split the
    rental of a suitable retail space. Like a tailor. I have a tailor and
    shoemaker as neighbors and they generate some traffic, let me tell
    you.

>     I would like to hear the conventional wisdom these days of opening
>     a retail repair shop at all. It's usually been considered a poor
>     option as a business start for goldsmiths 

    I think its an excellent option to start with repairs. Costs are
    low, demand is high. You can easily enough transition to having an
    inventory of ready to wear as traffic builds. Repairs become bread
    and butter, sales are gravy...pure gravy if you handle it right. 

    Have you considered a repair franchise? More costly but you have the
    franchise behind you. If you look at some threads lately about how
    business is you'll find that service oriented jewelers(be it repair
    or custom) seem to be either holding their own or doing very well.
    With the economy mumbling the R word, that ain't half bad.
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