Business Idea: This product is sold hands-on, demanding, making and selling every year at the rate of 85% is very easy

New Delhi. Artificial jewelery market in India is growing rapidly. According to an estimate, this trade is growing at the rate of 85 per cent annually. The demand for fake jewelry is enough among youth, working women and fashion -lovers, because it is inexpensive, trendy and full of variety. If you want to start a business in low investment, which is also fashionable and gives good profits, then artificial jewelery manufacturing is a great option for you.

The business of artificial jewelery is associated with making and selling fake or imitations such as necklaces, earrings, bangles, bracelets, rings etc. In this, materials like pearls, metals, beads, stones and crystals are used in making jewelry instead of gold and silver.

Also read- Success Story: Cost ₹ 65, Profit ₹ 350! This youth of Bihar is making a startup, bumper earning

How to start artificial jewelery business?

It is easy to start artificial jewelery. You can start this from home, because it is not needed more space nor heavy machinery. First of all you have to do market research. Cities like Jaipur, Mumbai and Delhi have to understand the designs and identify trending designs on social media or e-commerce platforms. Then you can create earrings, necklaces, bangles, bracelets, ring etc. by preparing your own design. In the success of this business, it is most important to be your creativity and socially active.

Raw material is an important part of this business. For this, you can buy pearls, beads, stones, chains, clases and other items from wholesale markets like Chandni Chowk in Delhi, Jhaveri Bazar in Mumbai, MI Road in Jaipur or Sadar Bazar. These goods are also available online nowadays and wholesale shopkeepers of Delhi, Jaipur will also send their goods to you online. You will not need to go to the shop.

Artificial jewelery business investment

To start this business at a small level, you may have to invest from ₹ 50,000 to ₹ 75,000. To buy raw materials, you will have to spend ₹ 20,000-30,000, equipment (Pliers, glue, cutters etc.) ₹ 5,000-10,000, online/offline training (if needed) ₹ 5,000-15,000 on ₹ 5,000-10,000 on marketing. If you create your website, then the expenses will increase. If you want to do a wholesale business or want to prepare a big stock, you will have to invest up to 2 lakh rupees.

Profit in this business is good. Usually a profit of 30% to 50% is available. For example, if you made a jewelery piece for ₹ 100 and sold it for ₹ 150- ₹ 200, then your direct profit will be ₹ 50- ₹ 100. If you sell 50-100 pieces every month (an average ₹ 500/piece), then ₹ 25,000- ₹ 50,000 can be sold. Out of this, a profit of ₹ 10,000- ₹ 20,000 is possible. The monthly profit on the sale of 200-500 pieces from both online and offline channels can range from ₹ 50,000 to ₹ 1 lakh.

Where can Artificial Jewelry sell?

You can sell your products in social media (Instagram, Facebook, WhatsApp), in local fair and exhibition, in boutique and gift shops and on online platforms like Amazon, Flipkart, Meesho, Etsy.