Arts / Crafts Business: Most Popular Articles
A list of the steps to take before starting a craft business and quick tips about each step.
Easy DIY instruction for making an adjustable bracelet knot. The adjustable knot lets the bracelet get larger so that it's easy to put on and with a pull of the bracelet cords, smaller so it has a snug fit.
There are three types of financial statements: income statement, balance sheet and statement of cash flows. Each one serves a different purpose and contains different information. You should regularly review each one.
Your arts and crafts business will have a merchandise inventory if you operate a retail shop. Otherwise your inventory will consist of raw materials, work in process and finished goods.
All crafts can be broken down into five major headings: textile, paper, decorative, fashion and functional. Check out the list below and you may have an ‘aha!’ moment. Sometimes we’re just so busy doing the everyday tasks that make up our business that we forget there are other complimentary craft areas we can expand into.
Is your computer running slow? As a last-ditch effort consider restoring it to factory settings. Find out how to restore to factory settings and see a few alternatives to this extreme measure.
One method of jewelry making uses a hot torch to join pieces of metal using solder. Soldering is one of the most basic techniques in jewelry making, but also one of the hardest to master. Learn about the basics of soldering including jewelry making resources.
Learn how to pick a name for your new arts and crafts business. Find out about name recognition. Also discussed is picking out a name for your business that is descriptive of the type of art or craft you plan to market, taglines and picking out a website domain name.
Handling the tax obligations of self-employed arts/crafts businesses can be confusing. Federal, state and local government can assess taxes. These taxes can show up in the form of income, sales, and use taxes. Find out more about the different type of self-employment taxes and which ones you may be liable for.
Promoting your arts and crafts business is an ongoing process. While methods will change and evolve over the life of your business, free and low cost advertising is always a good idea. Find out about different ways you can promote your arts and crafts business on the cheap.
If you operate as a sole proprietor, partnership, or S-Corporation to be able to write off your arts and crafts expenses, your work has to be regarded as a business rather than a hobby. Find out how to report arts and crafts revenue and expenses if you're deemed to be a hobby rather than a business. Page 2.
Learn how to prepare an income statement for a merchandising business. Merchandising businesses use the cost of goods sold account to reflect some customer related expenses.
If you paid a non-corporate entity more than $599.99 for services provided to your arts and crafts business in 2009, you'll need to issue them a Form 1099-MISC. The Form 1099-MISC has to be issued to the recipient by the last day in January and mailed to the Internal Revenue Service with the Form 1096 (transmittal form) by the last day of February.
Find out what trends will be popular in arts and crafts for 2014. Maintaining an eco-friendly business by recycling remains a relevant trend in 2014.
An important first step when deciding whether to go ahead with a business idea, is whether you'll turn a profit. Breakeven point analysis helps you make this determination as it shows you how much you'll need to sell at a certain price to cover your costs.
This article introduces the accounting system, which is the nuts and bolts of collecting, sorting through, and entering accounting data into business accounting software. Specifically, this article discusses the cash receipts journal which you use to record cash in and outs for your arts and crafts business.
Using the right recipe and process, it's fairly easy to add color to brass and copper. Find out how to oxidize metals to add a colorful patina using cat litter and other household items.
It's easy to understand the need to know the schedule of available arts and crafts shows within local driving distance. Many artists and crafters enjoy and find it profitable to exhibit at shows, but would prefer to do it locally. There is sound rational in that decision if you are a new artist or crafter or are just doing it part-time. Here are my suggestions on how to find local arts and crafts show.
Making resin jewelry charms is quick, easy and inexpensive. This article shows you how to use two-part epoxy resin to make a resin pendant.
Your objective is to price your crafts so that you make a reasonable profit while not pricing yourself out of the market. It can be an art. Find out how variable and fixed costs plus perceived value factor into the equation.
Are you a part-time artist or crafter wondering if there is any limit under which you don't have to record your income from selling your arts and crafts items? An arts and crafts reader posed this question - find out the answer! Also discussed are garage sales and self-employment tax.
When thinking about collage, the first thing that pops into many heads is that collage is a paper craft. Certainly many wonderful pieces of collage art and craft are created using paper. However, collage technically involves combining any type of material that is the same. Therefore, in addition to paper collage artists can use other raw materials such as fabric, metal or wood. Collage using a mixture of materials is referred to as 'assemblage'.
Most brand new arts / crafts businesses start out as a sole proprietorship because it is the easiest and cheapest type of business entity to start and maintain.
If you have even one employee for your arts and crafts business, you have to submit Form 941 four times a years. While this form is pretty easy to fill out once you do it a few times, it can be confusing the first time you tackle the job. This article gives simple, easy-to-follow instructions on how to fill out Form 941: Employer's Quarterly Federal Tax Return.
Your first step to open an Etsy shop is to create a Etsy account. This requires you select a unique username representative of your shop concept.
If you drive your car in the normal course of running your arts / crafts business you have two methods to choose from when figuring your business mileage tax deduction. This article discusses using the standard mileage rate.
Paper mache is one example of paper crafts. Dating back to AD 200, this type of craft is inexpensive and easy to learn. Plus, it can be incorporated into other arts and crafts designs to add surface interest. Find out the basics of making paper mache.
Using an image of a celebrity for an arts or crafts product will more than likely involve copyright and model release issues. Find out the basic facts of using a celebrity image to sell your product.
Equity shows the combined total of your investment in the business. Another term for equity is net assets, which is the difference between assets, which are resources a company owns, and liabilities, which are claims against the company. Find out how to record equity on the balance sheet for a partnership. Page 4.
One area of confusion when deducting business-related expenses is the office in the home. Find out how to prepare the tax return Form 8829. Page 2.
Find out more about the cash payments journal by identifying the debit and credit columns. The cash payments journal is where you record all transactions in your business where cash has changed hands.
Before you start a crafts business, carefully consider why you want to do it. Being a self-employed owner of any type of business is not a direct pipeline to financial success. Going into a crafts business with this type of mindset can set you up for failure.
Thinking about starting a knitting craft business? Your primary objective is to make sure you can make a profit while turning your love of knitting into a craft business. This article contains my tips on starting a knitting business from selecting knitting patterns to finding knitting resources.
If you operate as a sole proprietor, partnership, or S-Corporation to be able to write off your arts and crafts expenses, your work has to be regarded as a business rather than a hobby. The IRS has strict criteria as to the definition of a hobby versus a business. However, straight-up corporations are not subject to the IRS’s hobby loss rules. Find out the difference between being a hobby or a business for your tax return and how to account for each.
Learn about resin arts and crafts made from a two-part epoxy. While many jewelry artists use resin, it is a great medium for sculpting, mixed media and painting. Find out about resin basics and artists and crafters using it in their work.
Find out more about the cash receipts journal by identifying the debit and credit columns. Spoiler alert - as it is a cash receipts journal, you might have guessed one column is for cash!
Considering selling your arts and crafts in an online marketplace? This articles gives you a heads-up on the most popular from Etsy to ArtFire to Artful Home and more! Get concise info to the policies and costs of each and come back frequently for updated information!
Learn the ins and outs of opening a shop on Etsy. Walk through the seven basic steps from picking an Etsy username to finding out about the listing fees and the Etsy community of crafters.
Sole proprietors fill out a Schedule C to report arts / crafts business taxable income. This form asks for a activity code. Find out what this is and where to find it.
If you have a fashion craft arts and crafts business, I find it makes a huge positive impact on sales to show celebrities wearing the same sort of item you're selling. However, what about using celebrity images on your Ecommerce site? If you don't have the opportunity to shoot the images yourself, is it possible to use celebrity images without violating any copyrights? This articles introduces the legality of using images you find on the internet.
Learn about sole proprietorships, corporations and flow throughs, which are the three different tyeps of business entities. When selecting a form of business entity, compare the tax, liability and management impacts of a sole proprietorship, corporation or flow through.
Learn the difference between copyrights, trademarks, patents and licensing - four ways you can protect your intellectual property from theft.
Find out how to write a business plan by walking through the standard eight parts. Learn why writing a business plan is important and what type of information is contained in the appendix.
Find out more about the common income statement accounts you'll find on a chart of accounts. Included are income which is also known as gross receipts, cost of goods sold and many other types of expenses. Page 4.
Selling arts and crafts on consignment means you supply a shop, the consignee, with goods that their customers can buy. In return you receive a percentage of the retail cost when your arts or crafts item is sold. Find out the ins and outs of doing this and whether it's worth the effort.
Ten useful tips on how to sell your arts and crafts online. These tips will help you get started with the design of your arts and crafts business website. Once you understand the basics you're on your way to making money by selling your arts and crafts online.
If eBay’s the king in online marketplaces, the queen for crafters is Etsy.com. Etsy accepts listings for handcrafted items, is an online marketplace for supplies and also allows listings for vintage items.
This article shows you how to use QuickBooks types to organize your jobs so you can organize your customer base by grouping similar customer or jobs together. Using this info, you can run reports to provide timely and relevant information about which type of customer or job is the most profitable.
It's very easy to make goats' milk soap from scratch. Find out what supplies and raw materials you need to make your own goats' milk soap. This articles provides information about the basics and add-ons such as essential oils, herbs, flowers and grated fruit peel.
Here are the images to show you how to set up the cells in your spreadsheet for breakeven point analysis.
Many small arts and crafts businesses use credit cards to make inventory and other business purchases both online and in stores. What's the best way to enter these transactions into your accounting software? There are a few different ways. To keep accounts straight, make sure you follow through on your preferred method. Here are some suggestions on how to do this. Page 2.
Learn how to use jump ring pliers to securely attach jump rings to charms and jewelry. Using a simple two-step method makes sure your finished jump ring stays closed without soldering or using glue. You learn this technique making a St. Christoper surfer rubber necklace.
Sole proprietorships report items of income and expense on Schedule C. Gross income consists of revenue and cost of goods sold. Find out how to calculate gross income and fill out Part 1 of the form Schedule C.
Use breakeven point analysis to figure out the volume of craft items you have to sell to cover costs for your arts and crafts business. This article shows you a quick and easy way to figure breakeven point using an Excel spreadsheet.
Before you can sell on Etsy, you need to add items. Etsy has five templates to help walk you through this procedure. Your first step is to make sure you have a good description and images for your item.
The balance sheet is the financial statement showing your arts and crafts assets, liabilities and equity. You'll need this information to make business decisions, apply for loans and to write your business plan. While sole proprietorships don't include a balance sheet with their tax return, this is a requirement for all other business entities. Learn about the difference between assets, liabilities and equity and what types of accounts your arts and crafts business will have in each.
Find out how to find short-term storefronts for your arts and crafts business. Selling seasonally, such as Christmas crafts, in a short-term pop-up shop is a great way to bring in revenue while not having the responsibility of a year-round lease.
Finding great,reliable vendors is one of your first steps in starting an arts and crafts business. Without knowing how much your vendors are going to charge you for the art or crafts supplies you use to make your product, how can you set a reasonable retail price? It's also important to have reliable art and craft supply vendors that you can count on to ship the crafts supplies and arts materials when you need them.
Page one of this series of articles about pop-up retail stores discusses finding the right location and mix of arts and crafts for your pop-up retail shop. Page two discusses pop-up shop management. This article wraps up the topic by covering tips for opening the pop-up such as visual merchandising, laying out your store plan and pop-up retail store pitfalls to avoid.
When figuring out net and taxable income, you have to reduce your costs of goods sold for items still in inventory. This article discusses the different types of inventory and suggests ways to calculate your ending inventory.
A pop-up shop is a short-term retail space that appears seemingly out of nowhere, quickly drawing in customers, and then disappears when the optimal selling season is over. Using pop-ups shops are a great way for artists and crafters to have a retail presence during major selling periods during the year without the hassle of maintaining a full time lease. Here are my tips for opening a arts and crafts retail pop-up store.
After you’ve created your Etsy account, your next step is to create your shop. Ever open a brick and mortar craft shop? The concept online is not very different. You want your Etsy shop to be a visually appealing place for your online shoppers that is easy to navigate and clearly spells out all your shop policies.
Which type of arts and crafts company do you own? Depending on how you operate your business you can be a service, merchandising or manufacturing company – or any combination of the three.
The amount of money that is taxable as ordinary income when you use a leased vehicle in your business. The purpose is to equalize the tax effect between depreciating an owned vehicle and writing off a lease. Find out how it is figured and why.
The second in a series of articles about organizing your accounting records, this article shows how to use a spreadsheet to track expenses. You also find out the definitions of key accounting terms like inventory and cost of goods sold.
Thinking about opening a yarn shop or are involved in fashion or textile arts or crafts? Find out how to find wholesale suppliers of yarn, textiles and related accessories.
All individuals in the United States can opt to extend the submission of their federal income tax return Form 1040 and all attachments from April 15 to October 15. If you've never had to file an extension you may be a little nervous about doing it and want to be sure that you follow all the rules. Additionally, if you typically file as soon as you get your W-2, you may be wondering why anyone would want to file an extension. This article answers all your questions about extending.
An arts or crafts manufacturer handcrafts the products sold directly to the consumer - for example at a craft show or through a website. A manufacturer can also sell on a larger scale to unrelated retail businesses like a craft boutique or art gallery. If you are an arts or crafts manufacturer, find out how to account for your expenses on your income statement.
Learning how to use gem setting pliers will give you the opportunity to bring additional revenue streams into your arts and crafts business. You can charge customers to tighten loose prongs and add quick and easy jewelry pieces to your product line.
Knowing how to figure the time value of money comes in handy when making business decisions such as figuring out how much you have to save today to open an arts and crafts business tomorrow.
Read my review of Outright, an online bookkeeping and accounting service that provides small business reporting. There is a free and subscription version.
If you drive your car in the normal course of running your arts / crafts business you have two methods to choose from when figuring your business mileage tax deduction. This article discusses using the actual cost method.
Learn about the different types of arts and crafs business types and entities. Get an introduction to business licenses. Decide whether you need to trademark your tagline.
The executive summary portion of the business plan is in the beginning of the business plan. The purpose of the executive summary is to give your reader a thumbnail sketch of the business.
There are two methods you can use to deduct business vehicle expenses - the actual cost method or standard mileage rate. Some arts/crafts businesses are limited to one or the other. Lacking any limitation, you should pick the method that gives you the highest tax deduction over the life of the vehicle.
Long-lived arts / crafts equipment and supplies are subject to depreciation. Depreciation spreads the cost of arts / crafts assets over their useful life. Find out the rudimentary facts of depreciating assets.
Find out more about starting a paper craft business. Paper crafts are more than just origami or paper mache. A relatively inexpensive start-up craft business it includes greeting cards, wallpaper, lampshades and bookbinding.
DIY instructions on how to organize your accounting records so you can figure out your net income and taxable income. This article discusses using an off-the-shelf accounting software program like QuickBooks or old-schooling it by using spreadsheets.
Every attempt should be made to send in Form 1040 tax returns with a balance due of less than $1,000. To achieve this goal, the sole proprietor uses IRS Form 1040-ES to make tax deposits throughout the year.
It may be impossible to please all your customers but you can increase customer satisfaction and decrease returns by including a complete product description for every item you sell. This is especially true for items you sell on the internet since your customer won't be able to see the art or craft product in person prior to purchase. Check out these examples of arts and crafts product descriptions.
In this article you learn what QuickBooks price levels are and how you can use them to modify standard customer billing. Find out the difference between price levels with a fixed percentage or per item type.
Inventory is probably one of the largest costs for your arts and crafts business. This cost is initially classified as a current asset on the balance sheet. As you use it to make arts and crafts items and sell them to customers, the cost moves to the income statement. Find out how to account for your arts and crafts inventory regardless if you are a retailer or manufacturer.
The price level option is a handy QuickBooks tool allowing you to change the standard charges you enter into QuickBooks to bill out to your customers. You use them to modify standard customer billing. This option lets you quickly set up automatic price increases and decreases that you can apply to various customers or inventory items.
One of those many practical sides vying for your attention is keeping the books for your arts and crafts business. This article introduces you to bookkeeping and explains the basics of keeping the books for your arts and crafts business.
copyrights,copyright violations,derivative works, licensing
If your arts and crafts business is a corporation you file Form 1120 to report your taxable income. Find out about Schedule J and K which you use to calculate your federal income tax and answer basic questions about your business.
In this article you learn what QuickBooks price levels are and how you can use them to modify standard customer billing. Find out the difference between price levels with a fixed percentage or per item type.
If your arts and crafts business is small or you sell just a few high-price items each month, you may feel it’s not worth the effort or expense to buy accounting software or spreadsheet software to prepare computerized invoices. In addition, if you are at a craft show or a similar type of venue, you probably won’t want to go through the hassle of bringing along your printer so you can prepare a computerized invoice for each sale. This article walks you through how to handwrite customer invoices.
The first page in the series of articles about pop-up retail shops discusses finding the right location and mix of arts and crafts. This page discusses pop-up retail store management issues such as avoiding a craft mall feel, advertising your pop-up shop and setting pop-up retail store policies.
Do you want to start a craft business, but are just not sure what type of craft you want to sell? From your Arts and Crafts Business Guide - find out the five recommended steps to move a craft business idea from infancy to fruition.
One online alternative for arts and crafts businesses is to open a Ruby Lane shop. Monthly fees are not exorbitant. Ruby Lane’s standards for quality of workmanship are very high.
A dapping tool is a relatively inexpensive tool that makes forming metal into uniform shapes a snap. Find out how to which is best for the beginner and how to use one.
This article discusses common arts and crafts computer and data handling tangible assets and how to depreciate them. You learn how to use MACRS depreciation to write off the cost of buying these types of assets with practical examples on how to do the calculation.
Trademarking protects your arts and crafts business name, logo or slogan. Your first trademarking step is to make sure it is available. This article walks you through my TESS search.
If you’re a brand new arts and crafts business owner, you may be wondering if you need to register your business. The answer to this question depends on your individual business and where you operate it. Find out about zoning, business licenses, your Secretary of State and the Internal Revenue Service registration requirements.
Find out more about the sales journal where you report all your customer sales made on account. See an example of a simple sales journal. The sales journal includes the sales and accounts receivables accounts.
Take your arts and crafts business to the next level by selling wholesale online. Etsy Wholesale is gearing up to accept wholesale vendor applications. Find out how to prepare to apply to Etsy Wholesale.
ArtFire.com is a new online marketplace for artists and crafters. They offer a free 14-day trial. After that, an ArtFire studio costs $12.95 a month with unlimited listings with no fees or commissions. Find out more about ArtFire in a question and answer session with ArtFire's Member Engagement.
Wonder what you receive after registering a copyright? Check out this example.
Go through these recommended guidelines for pricing your arts and crafts to sell. Learn how to get into the mind of your customer to figure out the price they are willing to pay. Review the pricing rule of three.
Wondering what exactly goes into inventory and how to account for it? Find out about inventory items for retail and manufacturing inventory.
Sole proprietors report their business income or loss using a Schedule C. This article walks you through the expenses section of the Schedule C. Find out more about the difference between commission, contract and professional fees. Learn about wages and the sole proprietor.
The S corporation is another example of a flow-through type of business entity. S Corporations have limited liability like corporations but taxed as a sole proprietorship. Find out more about how this type of business entity works.
Find out about Blitsy, an online arts and crafts supply liquidator. Selected arts and crafts supplies are discounted by up to 70% of retail.
One of the many ways to sell your arts and crafts is to market them through museum gift shops. Think back to every time you’ve paid a visit to a museum, I’m sure you’ve noticed that a gift shop is usually front and center, luring you to come in and browse after your visit. If you’ve ever done so, you’ll find some of the items in museum gift shops are mass-produced, others are hand crafted.
There are few instances of double taxation in USA Internal Revenue Code. However, the taxation of corporate dividends and S-Corporation distributions are handled differently. Find out how to handle each one and why in the final analysis, neither is a tax-free transaction to you.
Figuring cost of goods sold is the first step in setting a price for your arts or crafts. This article walks you through the typical cost of goods sold expenses an artist may have.
Just about the only way to make money selling knitted goods is to use a knitting machine. Using a used home knitting machine at first before laying out the money for an expensive commercial knitting machine will give you a good idea if this is a venture you want to pursue.
Once you have the basics down for making hand milled goats' milk soap, it's time to get creative with essential oils, herbs and flowers. This articles gives you eleven popular soap recipes using lavender, jasmine, lemon, sea kelp, ylang ylang and much more!
From the email box: I have less than 50 crafts in my finished goods inventory, is there an easy way to keep track of my inventory? This is a question I get a lot. You have a smaller arts and crafts business or maybe a large one with few finished goods and you don't want to go through all the hoopla of tracking it with accounting software. This article explains a quick and easy way to handle this accounting task!
Collage arts and crafts are created when similar types of materials (paper, fabric etc) are combined, using a variety of methods to create paper and decorative arts and crafts. Assemblage combines different types of materials. This form of arts and crafts requires no special tools or training. Want to get your arts or crafts feet wet in collage or assemblage? Here are some fantastic free and relatively cheap resources.
Successful businesses research the marketplace first and then design products that will sell in that market. Research and a little bit of basic human psychology are good jumping off points for tailoring your craft business to the market.
After you purchase the raw materials and supplies you need to hand craft goats' milk soap, this article shows you how to mix and cook the soap in your oven.
After reading about Fiverr, which is a marketplace in which sellers are willing to do a variety of jobs for a flat fee of $5, I decided to try out the service to create a logo for my blog. Find out how my order ended up and my advise for working with Fiverr.
If your arts and crafts business has employees you have to issue them a W-2 by January 31. Here are easy instructions on how to prepare a Form W-2.
One of the textile crafts is knitting. One of the masters of knitting is Kaffe Fassett. Find out more about this knitting designer and his two color method of intarsia knitting.
A nice addition to many arts and crafts product lines is hand milled soap. Using my instructions, it is quick and easy to make your own hand milled goats' milk soap tailored to a specific need such as religious, health, beauty or relaxation.
If you produce a product, you will normally have both a cost of goods sold and inventory. Find out how to differentiate between the two.
Think you may need to make an estimated tax deposit for your arts and crafts business? This article gives easy to follow instructions on how to fill out and file your Form 1040-ES. You'll learn if you need to add your spouse's information on the form and also how to electronically file and pay.
After you prepare a payroll checks, your next step is to calculate the amount of employment tax you need to deposit. This article walks you through figuring the employer and employee federal payroll taxes you'll eventually have to deposit with the IRS.
Issuu and Photosynth are among those on Time.com’s 50 best websites. Arts and crafts business owners with websites might find both of value. Issuu's Smart Look feature is an excellent way to create a catalog within your website or make instructional pages (like your FAQs) look like a book. Use Photosynth to create a three dimensional image of your product for online shoppers. Best of all - both offer a free version.
This article walks you through the procedure to electronically register a copyright on an original piece of work. Any original piece of work is automatically copyrighted regardless if it is published. However, registration is required to seek legal action against violators of your copyright.
Find out how to use gross receipts and costs to figure net income. This article also discusses adjusting inventory cost for cost of goods sold expense and depreciating fixed assets.
Many artists and crafters sell either wholly or partially online. Those that don't care about or don't have the time to maintain their own website sell through online craft marketplaces such as Etsy or ArtFire. I recently discovered another online craft marketplace called the Handmade Artists' Shop (HAF shops). This is a relatively new online marketplace started by The Handmade Artists Forum. I took a look through the Handmade Artists' Shop website and here's what I found out.
If you've ever thought about starting and running your own successful craft business it's a good idea to get good practical experience working for another established craft business first. Don't have the time to be an intern? There are alternatives.
Follow my instructions to make a knotted sterling silver Figaro chain charm bracelet. No soldering skills required. Use split rings and split ring pliers to attach the charms and chain to the clasp.
One of my bad habits is to buy more inventory than I need. Sometimes, there’s a business purpose such as volume purchasing to get a bigger discount or I think I’ll have a use for raw materials I’m buying. Other times, I just don’t sell as much of an item as I think I will. Rather than having inventory sitting around getting dusty, I use the lag time between Christmas and New Year’s to earmark and make donations of surplus arts and craft inventory.
If you have employees for your arts or crafts business, you need to fill Form 941 four times a year. This article shows you how to fill out page 2 of Form 941.
This article explains variable costs, which are costs that go up and down depending on how much arts and crafts inventory or products you sell. This includes your cost of goods sold, credit card fees, shipping costs and sales commissions you may pay to sales staff who rep your arts and crafts items.
Writing a good product description is an art. However, once you have a base for your arts or crafts product descriptions, it can be quickly modified for most of your other items. Most arts or crafts products descriptions require size, weight and material information. Find out how to write good arts and crafts product descriptions.
This article explains fixed and mixed costs. Fixed costs remain the same no matter if you make one or one million arts and crafts products. Mixed costs can fluctuate somewhat. Find out more about fixed and mixed costs.
Find out about four arts and crafts trends for 2013. This article discusses designing arts and crafts for mass-marketing and creating a need with functional arts and crafts.
How do you pass business costs and taxes to your ecommerce customers? Do you mark-up your product prices or add these costs during the checkout procedure? Find out how to give your customers one price by marking-up the cost of your arts or crafts product for shipping and sales tax.
Find out the difference between collage, assemblage and papier mache.
If you want to use polymer clay to make dolls for your arts and crafts business, it's important to have the right tools. This articles gives you information about various polymer clay equipment and supply items. Of special interest is the polymer clay for dollmaking which eliminates the needs to use flesh-colored paints and a source for gorgeous, shiny mohair for your doll's crowning glory - their wig!
Find out more about creating a logo for your arts and crafts business. Understand the importance of considering your target demographic and tone.
If you are looking to add some leather jewelry to your arts and crafts business product line, try this easy-to-make wrapped leather bracelet. Wrapped leather bracelets have been popular for quite a few years now, from simple braided and tied to those with a elaborate, decorative clasp system. Recently they've been seen on many celebrity wrists which makes them a good seller for your business if you properly promote them.
It’s never a bad idea to take a class in your field of arts or crafts to advance your basic skills. Watching the instructor and your peers just may show you a better way to set up your workbench, perform your craft or you may get a referral to a fantastic vender. Here are some suggestions to find local arts / crafts classes.
Add a revenue stream to your arts and crafts business by marketing craft kits. The best craft kits have an element of prosumerism in their design and use raw materials not realily available to the hobbyist. Find out more about prosumerism and how to incorporate it into your craft kit marketing efforts.
As a designer and owner of an arts and crafts business, you are a very busy person. It's not easy juggling the tasks of maintaining sufficient raw material inventory levels and managing employees, all the while keeping your customers happy and coming back for more. This article shows you how to use QuickBooks types to organize your customers.
Consider your customers to also be friends? That's not a great way of doing business. Excessive familiarity with customers in any type of business can often create problems with managing your business rather than being an advantage.
When jewelry or other items are identified as being gold filled, it means they are made from a hollow tube of usually 14K gold (sometimes 10K is used) that is filled with another metal.
This article discusses common arts and crafts tangible assets and how to depreciate them. There are basically three type you'll have for your arts and crafts business: office, computer and those special ones for your type of arts and crafts business. You also learn how to use MACRS depreciation to write off the cost of buying these types of assets with practical examples on how to do the calculation.
Find out about free business software programs you can tailor to your arts and crafts business. Included is information about word processing, spreadsheet, database, file syncing and sharing programs. Need to tweak product images? Learn about GIMP, a free program similar to Photoshop.
If you operate as a corporation or S-Corporation, report your arts and crafts taxable gross income in Part 1 of the Form 1120 or 1120S respectively. Calculate it by subtracting your cost of goods sold from your arts and crafts business revenue. Check out these step-by-step instructions on how to transfer amounts from your income statement to the applicable corporate federal tax returns. Page 3.
Kind of confused on how to figure a 1040-ES deposit amount? Here's an example walking you through the calculation for a sole proprietorship.
Business incubators provide arts and crafts workspace, equipment, business services and relevant mentoring to new and emerging businesses for a fraction of the actual cost. Interested in finding out more about entering such a program? This article provides info on finding an incubator in your local area and details incubators located in Toronto, New York City and Kansas City, MO.
Wholesalecrafts.com brings retailers and arts and crafts business owners together for arts and crafts business owners who want to sell online. For an annual fee crafters build a web marketing presence to showcase their arts and crafts products to interested retailers.
Walk through the steps for setting up a monetized blog using WordPress.org. You find out how to select a domain name and blog host. After that you find out about WordPress.org s 5-minute installation and how to promote your blog.
If the art or craft show jury process seems a little intimidating, a good way to exhibit in craft shows is to form a cooperative and hold your own. Organizing a cooperative craft show is a lot of work but the money you can make and the experience you get out of the process can more than offset the set-up work involved.