A new Arts and Crafts Boutique shop is now open for business in City Island - A Slice of New York City Paradise.
Imagine That On City Island offers handmade items as well as artistic training and individual and assorted arts classes.
Follow them on Social Media - Instagram Imaginethatoncityisland https://www.instagram.com/imagine_that_on_city_island/
Contact Denise via Email by writing to her at Imaginethatonci@gmail.com
Imaginethatoncityisland 280 City Island Avenue The Bronx NY 10464
There are three different types of businesses. This one may soon be all three rolled into one.
Merchandising
These are retail businesses such as galleries, craft stores, online shops, or boutiques. A merchandiser purchases goods from an art or craft business and in turn sells the goods to the end user, a consumer like you. In many cases, arts and crafts businesses are both merchandising and manufacturing companies. You handcraft your products and sell them online, at shows, or in a storefront.
It is the best of both worlds if an artist or crafter can generate enough business to have their location to sell their products.
Services
Examples of service-type companies are doctors, accountants, architects, actuaries, and lawyers. One type of art or craft business that would fall under this classification would be an art or craft designer who comes up with designs for other related businesses but doesn't make any product for resale.
One example of this can be a fabric designer. Fashion designers come to a business looking for specific surface designs of fabric for their garments. They develop the pattern, design, and color scheme, and use software to replicate the design in a shareable image file that the designer can send to their fabric dyers. They are paid for design work but not involved in the manufacturing process.
If you only make design prototypes, that type of craft business would also fall into the service category. One example, is a jewelry designer that designs and makes a sample piece of jewelry based on the customer's, maybe a jewelry manufacturer's, specs. In essence, these types of arts or craft businesses are consultants.
One major tipoff that you're a service type of craft company is if you don't have any appreciable inventory. Most service-type companies only make purchases for the job at hand so they won't carry an inventory, purchases will be expensed. If they do retain some purchases, the amount is inconsequential, especially when compared to a merchandising or manufacturing company.
Manufacturing
This type of business makes tangible arts and crafts products sold to either merchandisers or directly to the customer. Going back to the service company jewelry designer, after creating the prototype, instead of selling the design to another manufacturer, the jewelry designer creates multiple copies of the piece of jewelry and sells the jewelry to either merchandisers or the consumer.
As you can tell, you can wear different company-type hats as an owner of an arts or crafts business. If you make and sell your product directly to the customer, you are both a merchandiser and a manufacturer. If you make your product and sell it to a merchandiser, you're a manufacturer only. Designers who only sell the concept have a service-type business.