Are rising metal costs driving your profits into the ground?  Are you tired of losing sales to customers shocked at your new prices? 

 In 2008, I had to close my business because expenses were rising faster than I could adapt.  So, when I started my second Jewelry business - I developed strategies to prepare myself in case it happened again.

In today’s episode - I share what you can do in your business to not only survive but thrive in today’s highly inflated precious metals market. 

In this episode, we go over:

 

• [3:41] How 2008 prepared me for today

• [5:30] The economic reasons why precious metals price spike

• [11:40] Ways to adjust your prices to account for the rising cost of materials

• [13:30] Develop a Customer Communication Plan for use with wholesalers and repeat buyers

• [15:47] Diversifying your product line to reduce material costs while keeping value

• [17:34] Optimizing your supply chain to secure better deals

• [18:31] Elevating your value proposition so customers recognize other sources of value

• [19:32] Reducing or removing non-essential business and personal expenses 

 

Here are the resources mentioned in the show:

Free Masterclass: The Five-step Jewelry Sales Playbook

The Jewelry Marketing Collective (Early Bird Sale)

Laying the Foundation

Buy My Book: The Desired Brand Effect

 

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xo, Tracy Matthews

 

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