These days, it is very easy to set yourself up to make money with your art. Technology makes it so. Once you have your product, there is no reason you shouldn’t be one hundred percent ready to make a transaction with someone who is wont to pay you for your talent. Let’s make it happen.
First off, get a PayPal account. It is easy and free and most everyone has one. It is a safe way for you to collect money and for people to send it.
PayPal and similar money transfer companies charge a percentage on each transaction, so you do not have to pay any fees if you do not make any sales.
You can link your PayPal account to any bank account, create invoices to send to clients and customers, easily provide refunds, and keep track of all your transactions through your online account.
Once your PayPal is set up, link it to your website as needed to aid you in selling your products online.
Once you have a PayPal account you need to order a credit card reader. This way you can collect green from the man on the street who likes your book or CD but, like everyone else in this world, only carries plastic. You shouldn’t lose out on a sale just because someone doesn’t have cash on them.
PayPal offers free credit card readers and so does Square.com. You can order one free of shipping and download an app to your tablet or smart phone that will allow you to take credit card transactions on the spot. There is no reason not to do it. Don’t miss out on an opportunity simply because you didn’t take the time to order a free card reader. Go to PayPal.com or Square.com and do it now. You’ll thank me later.
As a side note: Now that you are ready for revenue, be sure that you are following all tax laws in reporting your revenue on your income tax returns and are beginning to file your sales tax forms. In order to pay sales tax, it is likely that you will have to get a seller’s permit. Be sure you are doing things right from the start. It is easy and fun to make money with your art as long as you set things up correctly. Keeping accurate records and filing a sales tax form will keep it that way. See our article on sales tax for more on this and, as we are not legal professionals and cannot offer any legal advice, consult your lawyer or tax attorney.
Congratulations! You are now open for business.
1) Set up a PayPal account on PayPal.com.
2) Order a credit card reader from PayPal or Square.com.
3) Link your PayPal account to your website as needed.