Bead Making Business in Lagos

Many people do not know how much wealth can be created from bead making – creating and selling objects of beauty of beads origin. Yet, bead making is a business that can create wealth all year round.

Bead making as a profession is interesting and open so virtually every demography type in that it is gender friendly, enhances creativity and needs minimum capital to start. It is a profession that does not need a college degree or a shop to begin operation. Importantly, it is a business that generates revenue quickly and if properly done, it generates revenue constantly.

Beads used in jewelry making come in many colours, shapes and sizes. One can find wooden beads, glass beads, acrylic beads, metal beads and beads carved from fine gemstone and minerals.

The most wonderful news to hear is that beads are not just for jewelry making only; they can be used in a number of home décor projects, including beaded flower arrangements or flower vase, ceiling fan chain embellishments, napkin rings, embellishments for curtains, pillows and upholstery.

Bead making is one of the most accessible and easiest crafts to try. The reason is that materials used in the process are not difficult to obtain: the tools include a beading needle, thread and beads.

Of course, there is no limit to the types of beads available, including glass beads, wooden beads, small seed beads, pearls and crystal beads.

The one option for a unique and creative style is to be guided by one’s imagination and creativity because possibilities on what one can do in the process of bead making are endless.

One can market hand-made creations through a website, at craft fairs, local boutiques, homes, parties, workplaces, schools, churches and a host of other outlets.

The Managing Director, Tejaff Multi-Concept Limited in Lagos, Mrs. Linda Ozoh, explains that starting up a bead making business does not really entail much.

She, however, says that to succeed in bead making, one must have a passion for it.

One should be interested in the act of bead making, not looking at the monetary gains at the initial stage. Outside showing interest, one has to be creative, she adds.

According to her, with a minimum of N10,000, one can start the business at home in order to save the cost of getting a shop or office accommodation. As you progresses, there could be a the need to get a more ideal location for the business, she points out.

She says that the equipment needed to start up the business include a cutter, strings and hooks of various colours, silver and gold accessories, beads of different qualities, colours and types, among others.

She notes that different designs can be done as laid out by the maker’s  imagination. Designs, however, largely depend on the kind of design customers want.

She says that materials for the different types of designs could range between N500 and N3,000, or slightly more if using high quality beads. With the initial production, which may just involve about two customers, one can grow as the profits come in, she says.

Ozoh also discloses, Depending on the quality of beads, a string of bead may cost about N300, and it does not mean that you are going to use that one string to make complete bead, the layers will determine that. In some cases, one can use two to four strands. Again too, one can get strand of beads that are up to N5, 000, these are coral beads of the higher qualities. There are also some other accessories (silver or gold) that will be needed to bring out the beauty in the design of the bead. Even with the low price, there are some gold and silver accessories which can hardly get tarnished.

She says after procuring these accessories, one can make beads, with earrings and pendants from the same materials. According to her, price ranges from between N2,500 to N40,000 in some cases. What determines the price of the already made bead is the creative design, she adds. The design gives it a unique look that would bring out the value.

In categorising the price range, Ozoh emphasised that the cheaper ones, which also come out good may cost N1,500 to make and could be sold for between N2,500 and N3,000. The gain is therefore above 80 per cent, she says. She adds, With a total of N15,000 to N20,000 spent on material, one could sell it between N30,000 to N40,000.

As to getting designs that will attract customers, creativity is the major player in this regard. Sometimes, when you get to know your clients, you could think of designs that are suitable to them, taking into cognisance their physical looks and what they like. You could also come up with a unique design from your imagination that is not common. Other sources of design ideas could come from fashion magazines, those designs may give you an idea of the kind of bead you want to make.

She further points out that different occasions and outfits call for different designs, ranging from wedding, corporate, casual outing, dinner party and so on. At every point in time, you have to know what your client needs it for so as to be able to give appropriate advice.

After establishing your presence within a small community as a bead maker, it will be imperative that you get a shop in a good location where you can showcase your business to the larger society, she advises.

 

Source: Nigeria Galleria

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