Head to https://squarespace.com/meganwang to save 10% off your first purchase of a website or domain using code MEGANWANG

A little disclaimer I didn't mention super clearly in the video is that a lot of this information is US specific!! I'm not sure how taxes/licenses etc work in other countries so I don't know how useful the tax section of this video will be for any nonamerican viewers. sorry!

But... I can't believe it's been over a year since I filmed my last art business video! I've learned a lot about taxes + manufacturing, so I wanted to compile it into a video for you all!! I hope this info can be useful :) As always if you have any more questions please leave a comment down below and if I can't get to it hopefully someone else can!

TIME STAMPS★
0:00 intro
1:33 manufacturing
1:44 why do I manufacture?
2:33 what should you manufacture?
4:24 how do i find manufacturers?
5:26 alibaba
7:50 squarespace!
8:30 proofs + samples
9:06 color profiles
10:45 how much stock to buy
11:53 TAXES
12:56 get an accountant!!
13:50 sales tax
14:56 do I need a business license?
15:40 income tax
16:29 how to save money on taxes
16:34 business expenses
19:01 retirement funds + SEP IRA
19:45 S Corps + do I need an LLC?
23:02 social media + marketing
23:14 does making merch hinder creativity?
24:41 how to factor in time for social media
25:50 tips for starting youtube
29:04 do you feel confined to a certain style?
30:32 what about artists who don’t want do youtube?
31:35 dealing with disappointment
32:07 how to grow and stay interesting

HELPFUL PODCASTS ★
money with katie podcast on tax savings/IRAs:
https://open.spotify.com/episode/73a5...
two sunlight tax podcasts on estimated quarterly payments + how to calculate it:
https://open.spotify.com/episode/2bGh...
https://open.spotify.com/episode/4om3...
sunlight tax on what counts as taxable income:
https://open.spotify.com/episode/7IDI...
sunlight tax on business deductions:
https://open.spotify.com/episode/1vZ7...

OTHER RESOURCES ★
where I file my taxes: brasstaxes.com
LLC versus a sole proprietorship:
https://www.nerdwallet.com/article/sm...
what is an scorp:
https://www.legalzoom.com/articles/wh...
do I need a business license:
https://www.nerdwallet.com/article/sm...
what is an EIN and do I need one?:
https://www.investopedia.com/terms/e/...

FIND ME HERE ★
SHOP: https://studiomeggy.com/
patreon:   / studiomeggy  
website: https://www.meganwangart.com/
instagram: @studiomeggy

OTHER REFERRAL LINKS ★
CatPrint 10$ off new customers: https://www.catprint.com:443/referral...
Flexispot 15$ off: http://flexispot.refr.cc/meganwang

EQUIPMENT I USE ★
sony zve10: https://amzn.to/3spSZfH
wide angle lens: https://amzn.to/3NHjYPu
30mm lens: https://amzn.to/3LCvfhB
rollo label printer: https://amzn.to/3yForte
deity mic: https://amzn.to/3v8gKKO
blue yeti mic: https://amzn.to/3yYGnip

MUSIC ★
all my music is from epidemic sound
https://www.epidemicsound.com/referra...
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FTC: This video is sponsored by Squarespace. Some of the links above are affiliate links, which means I earn a small commission when you use them.