Home studio goldsmith for repairs and resizing

Individual customers with heirlooms or everyday pieces, plus local jewellery and gift shops that need a trade bench.

Fixed prices per job (such as a resize or chain repair), quoted prices for remakes, and trade rates for shops that send repeat work.

• Soldering and filing by hand
• Steady, precise hand skills
• Honest quoting and customer care

• Check whether your council requires approval to run a business from home
• Public liability insurance, plus cover for customers' items in your care (often called care, custody and control cover)
• Fire safety with torches and gas, and good ventilation when polishing and soldering
• Record keeping and identity checks for second-hand gold; check your state's rules on second-hand dealers
• Security risk of holding valuable items at home, so check your home contents and business insurance

Estimates suggest startup costs are typically around $3,000 to $10,000, depending on the tools, bench setup, safety equipment and insurance you need. Your existing equipment and skills can change where you land in that range.

Check whether your council requires approval for a home business. Also check public liability and care, custody and control insurance, fire safety with torches and gas, ventilation, your state's second-hand dealer rules and security for valuables.

Estimates suggest monthly revenue is typically around $800 to $4,000, depending on how many repairs and remakes you take on and whether local shops send you work. It can start at about 10 hours a week.