Early on, I realized that tracking jewelry sales was important. While I started tracking my sales for tax purposes, I quickly began adding other columns for different data that I found helpful to know. Here are three data points I like to know when I’m tracking my jewelry sales.
The Item I Sold
This may seem basic, but I find knowing exactly what I sold is the most important information I can track. This helps me determine if I should bring the design back and make it again. It also helps me track supplies that I need to reorder from my vendors for jewelry making, either so I can make the design again or to incorporate a certain material in other designs because the material is popular.
Where the Item Sold
This may seem basic, but I do track where my sales came from. I have a column for online sales so I can track my eCommerce sales. I also make sure to track what sales come from Dandelions and Rust, the store I’m located in. I’m tracking these sales to see what sells best where, and what designs I need to restock.
I also keep track of each market I participate in; this helps me see if there are months where I sell more, and it also helps me track which markets are worth participating in again.
The Amount I Bring Home
This is probably the most important column that I track. With each sale, I make sure to track credit card fees, what I’m spending on my online platform for fees, and I’m sure to subtract taxes from the total amount. This helps me determine what I made from each sale.
Tracking Jewelry Sales
Getting granular and tracking these three pieces of data when I am tracking jewelry sales helps my business overall. What do you find helpful to keep track of with your jewelry sales? Share your must-track items below!