How to Price Your Art Method (so you don't lose money)
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- čas přidán 16. 10. 2020
- Are you wondering: 'How much is my art worth? How do I price my art fairly?' If you are pricing your art for the first time, it's hard to tell. Most artist base their calculation on their past sales. What if you don't have any?
I recommend calculating all the production costs as your baseline price (the minimum you need to charge your customers). After knowing how much it cost you to produce those artworks, you can adjust the margin you wish to earn later on.
Let's add up the following costs:
01:47 Material cost 🎨
03:06 Labour cost 💁
03:58 Business cost 💼
05:14 Marketing cost 📢
06:13 Taxes 🗃
07:18 Other unexpected costs ⛈
You can calculate all the above-mentioned costs in a period of time (e.g. 3 months, 6 months or 12 months), then divide by the number of finished works in that period. It's especially suitable for commissioned art, because you know you will be able to sell all of your works.
This formula provides you with a rough idea and minimum price. If you manage to sell at a much higher price, you know you could price your works higher. You can get more confident and ambitious with time.
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► veryprivategallery.com/how-to...
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#artist #artpricing #sellart - Jak na to + styl
I love that you focus on the *BUSINESS* side of being an artist. I think there will always be people to complain about it, as if they could make a living from art without the business side of it (either done by yourself or a gallery), but please don't stop posting this valuable content.
I guess im randomly asking but does any of you know a method to log back into an instagram account?
I was stupid lost the account password. I appreciate any tips you can offer me.
@Lachlan Saint instablaster :)
@Deangelo Kasen I really appreciate your reply. I got to the site thru google and I'm trying it out now.
I see it takes quite some time so I will get back to you later when my account password hopefully is recovered.
@Deangelo Kasen it worked and I now got access to my account again. I am so happy!
Thank you so much you saved my account :D
@Lachlan Saint Glad I could help :D
Thanks for all of the great advice!! I literally just got asked to do a commission for *FREE* and when I politely declined they got so mad 🙄 I'm not going to work so hard for 50+ hours for nothing!!
😆 I got asked to do many things for free too (my white eyes rolling here). I think it’s ok to do it once, just once (assuming the client covers the material etc). It helps you get an accurate reading on your production time, so next time you can give estimates to the next clients.
Never work for free! It devalues every artist not just yourself.
@@Coraith1 Exactly right!!
Something worth noting as a cost cutting measure is to use alternate software commonly called Open Source. Its free software and often excellent quality. Not perfect or well known, but often has all the tools that are needed. Like GIMP, its an open source Photoshop with most of the same features, just different buttons to push. Just because its well-known (like photoshop) doesn't mean it is better for your needs and the price is often unjustifiable when starting.
Thanks for your research
Emergency fund, yes!! The most overlooked and essential thing to do. Thank you for this. :-)
Thank you so much for all the videos you are posting! Love your intelligence and practical approach to every topic! Analysis of a business side is very important and many artists forget about it. I already learned so much from you! ❤️
Hi Kristina, thanks for your message!
I have always wanted to be an artist but I was not quite ready for financial aspects thank you for sharing
Hi Xiomara, becoming an artist is like running your own small business. You will need time, money and support of others. In the entrepreneurial world, they are the FFFs (family friends and fools). Once you have some key resources, you can start making art and making money!
Your videos are amazingly useful, totally easy to understand and very well presented. 100%
Hi Carl, thanks for subscribing! Glad you like them!
Totally agree!
great tips really helped small artist youtuber here
Love your channel..keep doing
Thank you so much!
Thank.you so much for sharing ur ideas ..Big help for me because Im searching how i sell my work .
Most welcome 😊
Do you have thoughts on shipping costs and pricing? As a painter who does some large commissions, shipping is just not sustainable! What do other artists do? Do they roll up paintings and ship?
Some roll up the paintings, some use professional boxing solutions. Some would travel to another country and paint in a residency if their works sell a lot in this country.
Very informative videos.How can I participate in foreign art galleries ..I'm from India.
I need your help.i can't sale my art
When paint one work per week about 1 m2. Then minimum price from paintings is about 1500 (€/$) per m2 + tax. Gallery adds min. 50% to sales price. Art do not have max. prices - it depend of demand, so better to create good art. Last, reality is that not able to produce creating good paintings 1 m2/week..
I met artists who are technical good, but only producing one 1 m2 work in a year... there isn’t consistency in production, that’s the hardest part of working with (and working as) an artist...
@@VeryPrivateGallery 没产量也是挺大问题的，但是保证质量产量平衡也不容易，穷画家苦哈哈的画还是难出头
@@tyrantgao6671 质量产量只要能占一头就可以吃这碗饭了-质量居中但是多产（比如Zara）或者产量一般但是质量特别牛（比如Hermès)。最怕的是质量一般也不是特多产的（比如forever 21)...
just make 1 big painting sell for 1.5 mil
Hmm, theoretically yes. You can also sell 1 dollar digital art download to 1 million people, you end up making a million dollar any way :)
@@VeryPrivateGallery nah way harder to get 1 million downloads
真是新手，从0开始做艺术家教学啊
是啊，还有高中想当艺术家的学生问我没有电脑没有银行卡怎么网上卖画…各种情况都有的！