If you’ve ever wondered if it’s actually possible to build a profitable jewelry business if you’re making $100,000 in revenue or less and pay yourself a salary, this episode is for you! The reality is, a lot of business owners don’t make money in their first few years of business. The good news? There are many business owners who do and are able to pay themselves! So today I’m debunking this myth, emphasizing that success is not solely determined by revenue but by effective management and strategic decisions. We’re also diving into real-life success stories and I’ll be sharing specific examples of profitable jewelry businesses making $100k or less.    Topics Discussed: The misconception of building a profitable jewelry business  Why success is determined by effective management, not just revenue Real-Life Success Stories: Examples of profitable jewelry businesses under $100k Key strategies, marketing approaches, and business decisions The pitfalls in unsuccessful businesses Advice on avoiding common mistakes Pricing strategies, cost management, and effective marketing Why you want to build a strong online presence Managing Finances COGS and its impact on Gross Profit Margin Strategies for optimizing COGS and effective inventory management. Trimming Overhead Costs   Ready for growth? Then this invitation is for you...   If you’re looking for my support on how to scale your jewelry business, join the Jewelry Business Academy. This is the most expansive and supportive container for jewelry business owners who want to scale to 6+ figures without burning out. You’ll get my eyes on your business every single week, as well as lots of 1:1 support and will join a community of jewelry business owners all scaling their businesses together.   I've helped jewelry business owners from around the world, from those who are just starting out, to those making multiple six-figures, build solid foundations in their business, find clarity, implement systems and proven growth strategies, and hit big goals, and I want to help you do the same. Learn more here: jewelrybusinessacademy.ca   P.S. I love connecting with you on your entrepreneurial journey! Join me on Instagram: robynclarkcoaching