By-Appointment jewelry appraiser (home-based)

Individuals who need insurance replacement values, people selling or dividing jewelry, and engagement ring buyers who want a second opinion.

A flat fee per item or an hourly rate for each written appraisal. Extra fees for rush reports, photography and updated valuations every few years.

• Gemology training (identifying stones and metals)
• Careful, detailed report writing
• Honesty and clear explanations for clients

• Professional liability (errors and omissions) and general liability insurance, plus cover for client items in your care
• Check whether your state or city has any appraiser rules, and whether your insurance or home occupation permit allows clients to visit
• Security risks of handling valuables at home, so check your lease or HOA rules and keep a secure safe
• Conflicts of interest: appraising items you also offer to buy can undermine trust, so be upfront
• Check if your state charges sales tax on appraisal services

Startup costs are typically around $3,000 to $15,000, depending on your testing tools, training, insurance, and whether you work from a home office or a small rented room. These are estimates, so budget for your own setup.

Monthly revenue is typically around $600 to $3,000, depending on how many appointments you book and the type of appraisal reports you write. Treat this as an estimate that varies with your client base.

Check professional and general liability insurance, plus cover for client items. Check state or city appraiser rules, home occupation permit and lease or HOA limits on client visits, whether appraisal services are taxed, and keep a secure safe. Be upfront about conflicts of interest.