You can create wondrous items, a type of magic item.
Prerequisites
Caster level 3rd.
Benefit
You can create a wide variety of magic wondrous items. Crafting a wondrous item takes 1 Craft Point for every 100 gp in its price. To create a wondrous item, you must use up raw materials costing half of its base price.
You can also mend a broken wondrous item if it is one that you could make. Doing so costs half the raw materials and half the time it would take to craft that item.
See magic item creation rules for more information.