If you currently own or are thinking of starting a jewelry making business, you’re probably wondering how much jewelry makers make. In the following, we’ll answer this question for you. In doing so, we’ll also discuss how much jewelry employees make because, if you employ them in your organization, you’ll have to factor this into the equation.
How Much Does A Jewelry Sales Representative Make?
A jewelry sales representative is responsible for selling jewelry to stores, boutiques, and other retail outlets. They typically work on a base salary plus commission, so their earnings can vary greatly depending on how much they sell.
Average Jewelry Sales Representative Base Salary
The average salary for a Jewelry Sales Representative is $45,000 per year. The typical entry-level salary for this position is between $32,000 and $40,000 per year. With experience, a Jewelry Sales Representative can expect to make between $65,000 and $70,000 per year.
Average Hourly Rate for A Jewelry Sales Representative
Many jewelry sales representatives are paid an hourly rate instead of a salary. The average hourly rate for a Jewelry Sales Representative is $20 to $22 per hour.
Average Bonus And Commission For Jewelry Sales Representatives
In addition to a base salary, a jewelry sales representative may also earn bonuses and commissions. The average bonus for a Jewelry Sales Representative is $8,000 to $9,000 per year. The average commission rate is 10% of sales.
How Much Does A Jewelry Designer Make?
A jewelry designer is responsible for creating new jewelry designs. They usually work for a jewelry manufacturer or retailer, and their earnings can vary, depending on the complexity of the design and how many pieces are produced.
Average Jewelry Designer Base Salary
The average salary for a Jewelry Designer is between $48,000 and $66,000 per year. However, the typical entry-level salary starts at $21,000 to $40,000 per year and may increase to $50,000 per year with a short amount of experience.
Average Hourly Rate For A Jewelry Designer
Some Jewelry Designers are paid hourly. The average hourly rate for a Jewelry Designer is $28.00. However, entry-level designers usually start at $17.00 to $20.00 per hour.
Average Bonus And Commissions For Jewelry Designers
In addition to their salary, Jewelry Designers may also earn bonuses and commissions. The average bonus for a Jewelry Designer is $800 to $1,000 per year. Commissions are typically 1-2% of the retail price of the jewelry design.
How Much Does A Jewelry Maker Make?
A Jewelry Maker is responsible for actually making the jewelry. They usually work for a jewelry manufacturer or retailer, and their earnings can vary depending on the complexity of the design, how many pieces they make, and their level of experience.
Average Salary For A Jewelry Maker
The average salary for a Jewelry Maker is $65,000 per year. However, the typical entry-level salary starts at $38,000 per year and goes up to $45,000 per year with experience.
Average Bonus And Commissions For Jewelry Makers
In addition to their salary, Jewelry Makers may also earn bonuses and commissions. The average bonus for a Jewelry Maker is $650 to $1,000 per year. Commissions are typically 1-2% of the retail price of the jewelry design.
How Much Does A Jewelry Consultant Make?
A Jewelry Consultant is responsible for giving advice to customers on which pieces of jewelry to buy. They usually work for a jewelry store and their earnings can vary depending on how much they sell.
Average Salary For A Jewelry Consultant
The average salary for a Jewelry Consultant is $35,000 per year. The typical entry-level salary for this position is between $22,000 and $25,000 per year. With experience, a Jewelry Consultant can expect to make between $40,000 and $50,000 per year
Average Bonus And Commissions For Jewelry Consultants
In addition to their salary, Jewelry Consultants may also earn bonuses and commissions. The average bonus for a Jewelry Consultant is $500 to $750 per year. The average commission is 10% of sales.
So How Much Do Jewelry Makers Make?
Jewelry makers working for other companies, as mentioned above, can make $65,000 per year or more if experienced. However, if you are a jewelry maker selling your own jewelry to others, you can make a lot more.
Initially, as you are the only employee of your company, your main costs will only be the costs of your materials and supplies. As your company grows, you may employ other jewelry makers and sales representatives, and you might spend money on office space, advertising, etc. Typically, you will not take on these expenses until you’ve reached some initial success.
This being said, it is not uncommon for jewelry makers who run their own businesses to make over $100,000 per year, particularly if they are able to create jewelry that customers really want.
Conclusion
As you can see, there is a wide range of salaries for different jewelry-related positions. The salary for a position will depend on factors such as experience and location. Hopefully, you now have a better expectation of how much you will make and how much you will need to pay each employee in your jewelry business.