EP387: How Much Should I Pay Myself As a Jewelry Designer?

We just wrapped up the Jewelry Brand Makeover Bootcamp and it was AMAZING! We welcomed 172 (and counting) jewelry business owners into our Laying the Foundation Program. During the bootcamp, I got this question several times: How much should I pay myself as a jewelry designer? The mindset and psychology behind your pricing is really powerful and an important factor to paying yourself. That’s why today, I’m sharing a snippet from our Ask Me Anything Q&A. The answer to this one question is not an easy one because most jewelry business owners approach paying themselves in the completely WRONG way.  What you pay yourself is directly related to your pricing but more than likely, not in the way you think. During the episode, I break down… Why most makers think about paying themselves in the wrong way (and it’s keeping them broke) How to price and incorporate the right labor fees into your jewelry The ONE metric you need to know in your jewelry business to pay yourself WELL The “hourly” conundrum and mindset around your role in your company And a lot more… Here are the resources mentioned in the show: Join Laying the Foundation Book a Discovery Call Buy My Book: The Desired Brand Effect Are you enjoying the podcast? We’d be so grateful if you gave us a rating and review! Your 5 star ratings help us reach more businesses like yours and allows us to continue to deliver valuable content every single week.    Click here to review the show on Apple podcast or your favorite platform Select “Ratings and Reviews” and “Write a Review” Share your favorite insights and inspirations   If you haven’t done so yet, make sure that you subscribe to the show wherever you listen to podcasts and on Apple Podcast for special bonus content you won’t get elsewhere. xo, Tracy Matthews   Follow on Instagram: Follow @Flourish_Thrive on Instagram Follow @TracyMatthewsNY  Instagram Follow Flourish & Thrive Facebook   Follow us on Tik Tok: Follow @Flourish_Thrive Tik Tok Follow @TracyMatthewsNY on Tik Tok