Tag Archives: art pricing

Making a Profit From Editions, Prints and Multiple Copies

Break Even Analysis Worksheet

Use this worksheet to help you determine your break even level of sales

One business model for your art business could be producing and selling a series of prints, photographs, sculptures or multiple copies of any artwork.  The advantage of this model is that it allows you to leverage the work or designs you have created and achieve some level of efficiency and predictability in producing the copies.  An edition can be either limited or unlimited in the number of pieces produced.  Before you embark on producing and selling multiple copies or prints, it is a good idea to know what your costs will be and how you should price the works so that you will make a profit.

 

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Art Marketing – The Pricing Part of the 4P’s – The Basics

How much is this piece of art?

How much is this piece of art?

If you are following this series of articles on the basics of Art Marketing you already know that a traditional way to describe marketing is called the Four P’s. The Four P’s are: Product, Price, Place (Distribution) and Promotion. In this article we will take a look at the basics of pricing your art and give you some food for thought to answer the question – “What should I charge for my art?” In the next article on Price we will explore various pricing strategies and how you might use them in your art business.

Pricing Basics

One of the many decisions you will face in running your art or creative business is how to price your products or services. In strict economic terms, price is the amount paid in exchange for goods or services. You may start with an asking price and settle with the true or exchange price if you are in to bargaining. There is an assumption that the final price paid is equal in value to the goods received.

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