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Arts & Crafts

Art Auctions

Love event planning, art and the thrill of bidding? Hold art auctions.

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Business At A Glance

  • Startup Costs: $2,000 – $10,000
  • Home Based: Can be operated from home.
  • Part Time: Can be operated part-time.
  • Franchises Available? No
  • Online Operation? No

Business Overview

Every home features somesort of art as decoration. The market for art is enormous and continuesto grow as our population expands. Starting an art auction andliquidation sales service is a great way to become your own boss.

Thereare thousands of artists who have works that they cannot, or do nothave the ability to sell. Why not sell it for them?

You can advertisethe art auctions and liquidation sales in local newspapers or onlineand start making money right away. Start by visiting art schools andassociations so you can begin to market your services to artists whowant to sell their works. Once you have a few hundred works of artcommitted, you can hold the first art auction or sale.

You will need torent a temporary location for your ‘one-day art sale,’ and goodlocations include hotel ballrooms or banquet facilities. Room rentalmay not even cost any money providing you can convince the hotelmanager potential food and drink concession sales will be sufficientfor rent payment. The rest is straightforward; hold the first artauction or sale. You do not need to be an auctioneer to start andoperate this type of business, just wear formal clothes for aprofessional appearance.

Once you have perfected the business locally,you can duplicate the process and hold art auctions and sales acrossthe country.

Requirements

Computer skills and equipment will beadvantageous when you start to catalog the art for listing purposes.

Start-up costs

The only cost associated with starting an art auctionservice is time and an initial advertising budget. Once you haveestablished the approximate value of the items to be sold, you will beable to set an advertising budget. I would suggest about 5 to 10percent of the estimated total sale value of the items to be sold atthe art auction or sale. Total start-up costs are $5,000 to $10,000.

Profit potential

You should be able to use a very basic formula forestablishing a billing rate. Charge a 50 percent commission on allsales (no reserve pricing in effect), and allow half of the commissionsto cover the total overheads associated with the sale.

Providing eachsale averages $10,000 in gross revenues, and one show per month isconducted, the business would net $30,000 per year.

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Arts & Crafts

Designer Pillows

A couch isn’t a couch without a decorative pillow. Create pillows that help decorators differentiate themselves.

Entrepreneur

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Business At A Glance

  • Startup Costs: Under $2,000
  • Home Based: Can be operated from home.
  • Part Time: Can be operated part-time.
  • Online Operation? No

Business Overview

Turn your sewing machine into a part-timeprofit center by creating custom designed pillows. The pillows can becompleted on a made-to-order basis, or you can develop standard designsand themes and sell the pillows on a wholesale basis.

Be sure toestablish alliances with interior decorators, as these decorators couldbecome your best customers for custom pillows.

Additional income canalso be earned by designing and manufacturing custom pillow and cushioncovers with elaborate themes. Stick with standard sizes or custom,made-to-order designs for this side of the business.

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Arts & Crafts

Knitting

Do you know the difference between knitting and purling? Start making money from your creations.

Entrepreneur

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Business At A Glance

  • Startup Costs: Under $2,000
  • Home Based: Can be operated from home.
  • Part Time: Can be operated part-time.
  • Online Operation? No

Business Overview

Do you currently knit sweaters, jackets and more? If so, perhaps you should consider turning your hobby craft into a profitable part-time business enterprise.

The business is to simply create beautiful and unique hand-knitted products, from sweaters to a clothing line for stuffed animals.

The opportunities are endless; all you need is a creative spirit, knitting needles, some yarn and you’re in business.

For the truly enterprising entrepreneur, develop a website that features knit clothing products for sale, as well as a custom made-to-order service where site visitors could simply fill out an order form for the size and style of knit products they want.

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Arts & Crafts

Portrait Photography

Capture your clients’ perfect poses as a portrait photographer.

Entrepreneur

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Business At A Glance

  • Startup Costs: $2,000 – $10,000
  • Home Based: Can be operated from home.
  • Part Time: Can be operated part-time.
  • Online Operation? No

Business Overview

Calling all hobby photographers! Why not profit from your skills bystarting a portrait photography service? As with pet photography, youcan work at it full-time or part-time and operate the service on amobile basis by going to your client’s home, office, or business, orfrom a homebased studio requiring clients to come to you.

Also, likepet photography, you can easily increase profits by simply offering toplace images on a wide variety of products including greeting cards,calendars, mugs, and T-shirts. Photo greeting cards and calendars areespecially popular. Promote the business by utilizing print media suchas fliers, newspaper ads, and Yellow Pages advertisements, as well asby working with local retailers who will allow you to set up a weekendportrait studio in their location on a revenue-splitting basis.

The Market

Families, schools and don’t overlook potential clients at sports clubs,charity organizations, social clubs, and corporations, as most puttogether an annual yearbook featuring photographs of employees,members, and volunteers.

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