How to Start an Adult Coloring Book Company

Start an adult coloring book company by following these 10 steps:

1. Plan your Adult Coloring Book Company
2. Form your Adult Coloring Book Company into a Legal Entity
3. Register your Adult Coloring Book Company for Taxes
4. Open a Business Bank Account & Credit Card
5. Set up Accounting for your Adult Coloring Book Company
6. Get the Necessary Permits & Licenses for your Adult Coloring Book Company
7. Get Adult Coloring Book Company Insurance
8. Define your Adult Coloring Book Company Brand
9. Create your Adult Coloring Book Company Website
10. Set up your Business Phone System

We have put together this simple guide to starting your adult coloring book company. These steps will ensure that your new business is well planned out, registered properly and legally compliant.

Exploring your options? Check out othersmall business ideas.

STEP 1: Plan your business

A clear plan is essential for success as an entrepreneur. It will help you map out the specifics of your business and discover some unknowns. A few important topics to consider are:

• 你将name your business?
• What are the startup and ongoing costs?
• Who is your target market?
• 你可以收取客户多少钱?

Luckily we have done a lot of this research for you.

你将name your business?

Choosing the right name is important and challenging. If you don’t already have a name in mind, visit ourHow to Name a Businessguide or get help brainstorming a name with ourAdult Coloring Book Company Name Generator

If you operate asole proprietorship, you might want to operate under a business name other than your own name. Visit ourDBAguide to learn more.

Whenregistering a business name, we recommend researching your business name by checking:

• Your state's business records
• Federal and state trademark records
• Social media platforms
• Web domain availability.

It's very important to secure your domain name before someone else does.

What are the costs involved in opening an adult coloring book company?

The startup costs for an adult coloring book company are extremely low. For someone who already has a computer and software, there may be no additional investment.

Business owners who have money to invest may want to obtain a copy of Adobe Illustrator, which is a powerful vector drawing program, for designing pages and use a third-party publisher. Adobe Illustrator CS6 has a manufacturer’s suggested retail price of $599. (There are other programs, such as Corel Draw x6 that have capabilities and prices similar to Adobe Illustrator’s.)

A publisher might charge $150 for an initial proof, and then a few hundred to a few thousand for an initial print run. The cost will depend on the size and quality of the books, and the quantity ordered. Business owners who want to start a coloring book company without any significant financial investment have a couple less expensive programs to choose from. Inkscape and Scribus both have free vector drawing programs. Self-publishing isn’t free, but it costs less than hiring a third-party publisher. Additionally, business owners can print on demand, printing copies as they’re ordered.

What are the ongoing expenses for an adult coloring book company?

The ongoing expenses of a coloring book company include publishing fees and shipping costs. These are both usually covered by the revenue generated through sales.

Who is the target market?

A coloring book company’s ideal customer is someone who is creative, and either has free time or needs to pass time (such as at a doctor’s office or airport). A coloring book provides a creative outlet, but it takes time to color.

How does an adult coloring book company make money?

An adult coloring book company makes money by selling coloring books. Books can be sold either directly to customers (retail), or to stores and distributors (wholesale).

你可以收取客户多少钱?

Adult coloring books usually sell for less than $20.Jenean Morrisonprices her books at $12 and $7.

How much profit can an adult coloring book company make?

With the recent explosion in the adult coloring book industry, there is excellent growth potential. Morrison has made over $500,00 since 2012 selling books, including $329,000 in 2015.

How can you make your business more profitable?

An adult coloring book company may be able to add a line of children’s coloring books to increase profits. The business model for a children’s coloring book line would be nearly identical to that of an adult line.

STEP 2: Form a legal entity

The most commonbusiness structuretypes are thesole proprietorship,partnership,118bet金博宝 , andcorporation.

Establishing a legal business entity such as anLLCorcorporationprotects you from being held personally liable if your adult coloring book company is sued.

You can金宝搏188是什么公司yourself and pay only the minimal stateLLC costsor hire one of the118金宝app for a small, additional fee.

STEP 3: Register for taxes

You will need to register for a variety of state and federal taxes before you can open for business.

In order to register for taxes you will need to apply for an EIN. It's really easy and free!

There are specific state taxes that might apply to your business. Learn more aboutstate sales taxand franchise taxes in our state sales tax guides.

STEP 4: Open a business bank account & credit card

Using dedicated business banking and credit accounts is essential for personal asset protection.

When your personal and business accounts are mixed, your personal assets (your home, car, and other valuables) are at risk in the event your business is sued. In business law, this is referred to aspiercing your corporate veil.

Open a business bank account

Besides being a requirement when applying for business loans, opening a business bank account:

• Separates your personal assets from your company's assets, which is necessary for personal asset protection.
• Makes accounting and tax filing easier.

Get a business credit card

Getting abusiness credit cardhelps you:

• Separate personal and business expenses by putting your business' expenses all in one place.
• Build your company's credit history, which can be useful to raise money later on.

STEP 5: Set up business accounting

Recording your various expenses and sources of income is critical to understanding the financial performance of your business. Keeping accurate and detailed accounts also greatly simplifies your annual tax filing.

Make LLC accounting easy with ourLLC Expenses Cheat Sheet.

STEP 6: Obtain necessary permits and licenses

Failure to acquire necessary permits and licenses can result in hefty fines, or even cause your business to be shut down.

State & Local Business Licensing Requirements

Certain state permits and licenses may be needed to operate an adult coloring book business. Learn more about licensing requirements in your state by visitingSBA’s reference to state licenses and permits.

STEP 7: Get business insurance

Just as with licenses and permits, your business needs insurance in order to operate safely and lawfully.Business Insuranceprotects your company’s financial wellbeing in the event of a covered loss.

有几种类型的保险政策克雷亚ted for different types of businesses with different risks. If you’re unsure of the types of risks that your business may face,begin withGeneral Liability Insurance. This is the most common coverage that small businesses need, so it’s a great place to start for your business.

Another notable insurance policy that many businesses need isWorkers’ Compensation Insurance. If your business will have employees, it’s a good chance that your state will require you to carry Workers' Compensation Coverage.

Is this Business Right For You?

People who are highly creative and have a knack for artistic expression may enjoy, and be good at running, an adult coloring book company. Business owners often design coloring books themselves, at least until their business is well established, and creating a coloring book requires a considerable amount of artistic skill.

A coloring book company doesn’t require a business owner to keep specific hours, so it’s possible to start a company while working at a traditional job.

What happens during a typical day at an adult coloring book company?

The day-to-day activities of running an adult coloring book company include creating coloring pages using drafting programs or other means, taking and fulfilling orders (including both retail and wholesale orders) and marketing coloring books. Business owners must also either self-publish or order runs of coloring books, and design coloring books. These latter activities take a lot of time, but they can be done almost any time of the day (or night).

What are some skills and experiences that will help you build a successful adult coloring book company?

In order to successfully start up and grow an adult coloring book company, a business owner needs a knowledge of vectors and must be able to navigate the coloring book publishing industry.

Most coloring book designs are made with vectors, which is why business owners should know how to use them. Vectips has a good tutorial on using vectors to create coloring books.

When it comes to publishing, coloring book companies can either self-publish or use a third-party publisher. TheCreative Pennhas a podcast on self-publishing a coloring book.

For business owners who want to use a third-party publisher, successful adult coloring book entrepreneurMorgan Carsonrecommends hiring a printing agent. The coloring book publishing industry is complex and uses industry jargon, she explains. Because startups usually order small runs, it’s not worth a publisher’s time to explain the process in great detail. A print agent will increase the cost of each book, but they’ll help ensure the books come out well.

What is the growth potential for an adult coloring book company?

Even a small adult coloring book company can reach customers throughout the country and world, thanks to online retailers.