Base price equals cost of physical product plus the cost of your time; retail price equals base price multiplied by the cost of goods sold multiplier. What to Do and What Not to Do When Pricing Fine Art Photo Prints
How much should I price my paintings?
If you are just beginning your career as an artist and are just starting to sell your work, I would suggest setting most of the prices of your paintings at less than one hundred dollars (of course still keeping in mind the cost of the materials). You will need to charge more for your work after people begin purchasing it and you have established a reputation for yourself in the market.
How much does it cost to sell 20 prints a month?
If you believe that you will be able to sell 20 prints each month, then the price per print drops to $50. Then there are the costs associated with each individual painting, sometimes known as variable costs. This covers the time you spent on the project as well as the canvas, brushes, and paint that you used (yes, your time is a cost, unless you are working for free).
Can you sell fine art photography online?
- Many people consider photography to be a commodity that can be acquired with little effort.
- There are tens of thousands of photographers that sell fine art prints online, and the majority of them sell images that have very similar appearances and styles.
- Because of this, selling your prints becomes more of a competition in terms of price rather than an authentic expression of admiration for art.
What do you need to know about selling art prints?
- The cost of the materials needed to create the original artwork, including but not limited to canvas, pencils, brushes, paint, clipart, typefaces, a scanner, and a digital pen.
- Having said that, you need to make sure that you split these fixed expenses by the total number of distinct prints that you wish to sell as well as the total number of copies of each of those prints that you want to sell.