Best Practices

Resource

Guide

Make the most of the tools we provide!

Check out this handy Best Practices Guide!

Since our goal is to help Artists earn money, we believe that it is imperative to aid our Members
We provide you with the resources you need to assist you with the necessary processes involved in starting a business.

As an Artist trying to sell your handmade goods or services, you are the very definition of an entrepreneur!

Obtaining a Business License & Where to Get One

It is also recommended to check with the Small Business Administration (SBA.gov) to determine which licenses and permits may be required.
They provide excellent guidance depending on the specific type of business activities, location, and rules for your business that will help you determine which licenses & permits you need to apply for.
The SBA offers a variety of excellent resources to assist our Members!
Get help with everything from creating a business plan to launching, growing & managing your business!

Team Work

We encourage collaboration between our Exclusive & Inclusive Memberships!

Inclusive Members can approach Expert Exclusive Members offering products or services in order to Commission Works that meet their specifications!

Our Expert Exclusive Members have the skills & talents to aid our Inclusive Members with bringing their visions to life!

Please Note: It is customary to pay additional Artists for special requests or custom work!

Best Practices for Commissioned Work

While performing commissioned work, it is important to protect the interests of all parties involved.

Therefore, we recommend the use of a contract between the Exclusive Member performing the creative work and the Inclusive Member commissioning the creative work.

Additional Considerations

OTHER CONSIDERATIONS
Organization – How will your business be structured, a sole proprietorship, partnership, limited liability corporation, S-Corp, C-Corp
Home-Based Businesses & Zoning – Some counties, cities or states may require a review or zoning permit in order to conduct business. While it is highly unlikely that eCommerce businesses will face zoning issues, depending on where you live there may be some laws that restrict certain things such as signage, changes to the appearance of the home, the number of visitors, and nuisances, among others.

Appeals to a VARIETY of Artists & Creatives

Authors | Bloggers | Comedians | Crafters | Dancers | Entertainers | Filmmakers | Musicians | Painters | Performers | Producers | Sculptors | Singers

Literary Arts
Performing Arts
Visual Arts

Our Fee & Pricing Guide

These are only recommendations, intended to provide guidance in beginning negotiations between our Members. An agreement that is fair and equitable for all parties involved should be reached prior to beginning work. We highly recommend that these agreements be in writing to protect our Members.

Makyn Originals Studios LLC is not responsible for meeting contractual obligations on behalf of our Members. The Members who enter into such contracts are party to the agreement, not Makyn.me.

If you are having difficulty, you will have to take it up with the Members who are party to the contract. We merely provide a suitable contract for our Membership to utilize for this purpose.

Artists should provide a written estimate the expected cost of goods/materials/time/work to the Benefactors.

We highly recommend that Artists secure half of the estimated full price of the project prior to beginning work on a project.

Upon completion of work, the remaining balance is due. The Artist should invoice for the work, and payment should be transferred to the Artist immediately.

We encourage our Benefactors to provide a retainer to the Artist. This serves a couple valuable purposes,

1.) A retainer offers assurances to the Artist that the Benefactor will pay, and when completed the retainer often is subtracted from the remaining balance

2.) The retainer acts as a security deposit in the event you cannot or are unwilling to pay

3.) Retainers are non-refundable, so if the Benefactor changes their mind mid-project, this minimizes the risks of loss to the Artist for an uncompleted project.

Potential Resources for Financing

Financing can be difficult to obtain, especially for start-ups.
So we thought it would be a good idea to discuss some resources that are available which could potentially assist you in obtaining the necessary funding for your business or idea!

Federal Tax ID Number

A Federal & State Tax ID Number, also known as an EIN, works like a social security number – except that it is for your business! To apply for  your Federal & State Tax ID numbers (See https://www.sba.gov/business-guide/launch-your-business/get-federal-and-state-tax-id-numbers)
It is easy to apply online for the Federal EIN here (https://sa.www4.irs.gov/modiein/individual/system-unavailable.jsp)

Protect Your Work

Because Makyn.me is an Online Social Marketplace, the products sold are shipped from the location of the seller (Artist) to the location of the buyer (Benefactor).

The Artist should consider purchasing insurance with the Shipping Carrier to cover their work during shipment. In the event that the work is damaged, lost or stolen, this will help the Artist recover the loss sustained.

Sales & Use Tax

Currently, 45 States and the District of Columbia impose a Sales/Use Tax (See https://www.salestaxinstitute.com/resources/rates) for the current tax rates.
Artists are responsible for paying Sales & Use Tax on Retail Sales. Therefore, it is advisable to apply for a Retail license with this agency.
The Agency in each State is usually called the Department of Revenue but may have a different nomenclature depending on the State (See
https://www.taxadmin.org/state-tax-agencies
)

Venues to Consider

Some Artists earn a living take their wares to market at local farmers gatherings, flea markets or get their start at the craft fair or a show in their niche.

Artists find work by entertaining & performing at various venues, food establishments & restaurants, & clubs!

Other Creatives supplement their income & get fulfillment from teaching classes & helping budding Artists learn the ropes!

Artist & Business Co-Ops/Generators – Check with your local Chamber of Commerce to determine whether there are any organizations that provide access to space for reduced rates such as a business generator. A Co-Op is another low-cost option for serious Artists or start-up Businesses are able to get off the ground with cost to begin their business and low or no overhead expenses.
Art Studios –  Often have the same concept as Co-Ops and provide space & utilities but typically charge commission fees to help the Artist connect with buyers in order to sell their work.
Arts Clubs – In our local municipality, we have the Cherokee County Alliance for Visual Arts located in Gaffney, South Carolina.
Inquire in your local community as to whether there is an association or club for the Arts.
Artists may be able to access a variety of resources, get their work on display or even get their handmade products into the local Arts gift shop, if there is one.

Local Retailers

Another idea is to approach locally owned stores about retailing your products, offering them a decent markup to sell your products. Provide them with a nice picture frame containing details and information that would appeal to your customers about you & your craft to help them sell your Artwork.

Usually companies, even small businesses prefer to purchase products up front, at wholesale, which is usually half of the full retail value.

Certain products may be sold on a consignment-only basis. Meaning, that the work is still owned by the Artist not having been purchased remains on display at a location until it sold, and when the work sells then the Artist is charged a commission essentially to rent the space and present it to potential customers.

It is always best to document the particulars & quantities of the items left on consignment, as well as the price & the condition of the items.

A signed and dated consignment contract between the parties is useful in protecting the interests of the Artist.

Insurance may also be advisable in the event that damage, loss, or theft occurs while the product is under consignment.

Achieving Success

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Helping our Artist Members

On their Creative Journey

To Reach their FULL POTENTIAL

With our Roadmap to Success!

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