A custom jewelry maker is one of the most difficult businesses one can start in the Philippines. For starters, one needs to have a huge capital to buy the tools and equipment to be used while customizing the jewelry such as 3d printers and laser machines. Even after starting the business, one has to be conscious of the security business by making sure that the custom jewelry maker is insured. With the nature of the business itself, there are enormous challenges while dealing with high-end jewelry materials such as precious stones. The following are the challenges of starting a custom jewelry maker in the Philippines.
The first challenge of starting a custom jewelry maker Philippines is marketing. It is without a doubt that there are already hundreds of custom jewelry makers in the Philippines and thousands of them around the world. As such, prospective customers always choose reputable and well-known custom jewelry makers especially while looking forward to getting high-end or precious jewelry. As such it is very difficult to compete with such custom jewelry makers. Even if an individual decided to set the business online for example on Amazon, there are already thousands of reputable business dealers around the world that are on Amazon. Also, if the business is new, it is difficult for prospective customers to trust it, especially when dealing with high-end jewelry.
Another challenge of starting a custom jewelry maker Philippines is getting the materials for this custom jewelry. Generally, custom jewelry is usually very expensive because of the production process, the labor that goes into the production, the tools, and the equipment, and the materials. While the other things might be easy to find, materials used for custom jewelry are usually difficult to find or extract. This is the reason why they are expensive in the first place.