Business, jewelry, money, organization

Additional income stream?

Now I am, again, thinking of selling my beadwork. Not because I have to, but because I can, and just probably, should. On top of that, even though I’m getting paid more at work, it’s still not enough to survive on. I still basically have to live with other people, because it costs so much to live here and because of my apparent economic developmental stage. (If someone has used the term before, I’m not intending to use their definition; I’m just saying that I’ve never had a full-time job with benefits and a living wage. I still don’t, and I think that’s something I’ve just got to figure out or experience, and see if I can handle it.)

Over the weekend (well…my weekend, given my schedule), I went to a bead convention and stocked up on…a lot of beads. As recently as two days before the event, I had resolved not to go, because I knew I would spend. Then I was unable to pick up a Substitute position for Friday, and it seemed a bit serendipitous.

Am I glad I went? Yes. Do I miss what I spent? Not yet. I’ll still have opportunities to pick up more work before the holidays, and I still have more than I did at my best times working just above minimum wage.

I also spent about what I would normally spend in two or three trips to the bead store.

I suppose that kind of puts it into perspective.

Tonight, Saturday night, I’ve been logging the actual items I got and how much they cost. Yesterday, I logged my receipts (there weren’t too many). So…I’m beginning to see how I could or might make a database, should I care to. I mean, just for practice and kicks. I could have a table for suppliers, one for receipts, one for my purchases within those receipts, one for sales (that gets deeper, if I want to track and keep clients), one for cost and description of items, likely one or two for taxes…at least, so I think without really writing it down or planning it out or getting back a seller’s permit (yet).

The latter impacts taxes (a seller’s permit allows me to pay taxes after sale of my items, not at point of purchase of materials to make those items; it also can allow me discounts) and also the initial outlay of funds. Then there are other costs, like setting up a P.O. Box and a Web presence, and maybe finding a photographer. ;)

The thing with databases is that in design, I’ve got to look at desired functionality, first. Because I haven’t handled things on the financial side so much, I mean particularly where it comes to taxes on gross income (State and Federal income; M handled it), I’m not totally sure about all sides of this. That is, I’m not sure of all the requirements.

I’m actually not even sure if I should use Etsy or maybe put some stuff up there and have my own web domain, as well. A lot of people I’ve seen, have been using Square for payment transactions, which makes me feel a little better. I had seen a lot of negative reviews for Square as well, but…it is the Internet; not everything is what it looks like. I’ve also historically been looking at web hosts, which is, well, really important. I’ve had one in mind which uses Square, but backed off of it after I read multiple complaints about people having their Square accounts frozen. However…like I said, I’ve seen a lot of people using it.

There’s also the point that I tend to avoid Etsy personally, because my computer sometimes acts like it’s picked up a bug after I visit. It’s a reason I might not sell there, if I can’t even look at things without having to run a series of scans afterward just to get things back to normal. Since adwcleaner also started removing bloatware, I’ve also become wary of using that tool too much or unnecessarily (out of fear it will remove my utilities, although one of mine spontaneously started working again).

But yeah, I guess that’s what happens when you actually use your computer.

Anyhow. Tonight was all about trying to organize the table that looked like a windstorm hit it, and I think I did a fairly good job. I had to log things before I could put them away, or risk not logging them. Thus, not knowing how much anything cost — which kind of puts a wrench into my pricing, by my not knowing if I’m losing money or gaining it. I’m getting better; I’m actually attempting to log quantities now, along with prices. :P (I need both, for the prices to have any validity.)

I feel bad about this as well, but I may have to want to look for additional storage. I know a place where I can get some sweet little boxes which were $0.50 each, the last time I found them. The problem is that…well, what good is storage if you don’t use the things you stored. I mean, it isn’t entirely about collecting. But the things I have in the little boxes are mostly “bead soup” (mixed colors and sizes of bead, in this case), and they are, amazingly, some of the most interesting and inspiring parts of everything I have.

I’ve also got to consider taking out — I mean just taking out some of these vials of beads that I feel I’m never going to use, and re-purposing the vials with things I think I will use, or want to use. The question becomes, then, am I actually not going to use those other beads, or was it just a lack of artistic vision, or aesthetic error which caused me to cull them? Sometimes later additions to a collection will make beads that I thought I’d never use, something I would consider using, in an updated palette.

Then again, that doesn’t entirely justify having them take up space in my main storage. I could just as easily put those 10 grams of beads that would have been in a vial, into a plastic bag, and throw them in a different storage area…kind of like the surplus of size 6/0 beads I got a while back, which came in temporary sealed plastic (can I even call them bags?).

Since, though, I’ve actually bought pairs of earrings which were between $50-$70 from local artisans…I can see that if I make things people want (and don’t want to make, or can’t make, or which wouldn’t be cost-effective to make, themselves), I do have a chance of at least recouping my losses by selling beaded jewelry, if not making a profit. It probably won’t be as large an income stream as I would get just by being salaried, but I could occupy myself and build my skill — and not, you know, just have a total loss from buying beads with what I do earn from my job.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.