5 Ways to Increase Your Income as an Artist

Posted on 15 May 2017


Want to increase your income as an artist? I could state the obvious and respond, “Then sell more art,” and I am sure everyone reading this would spit out their coffee and get a good laugh over that. Ha! Why didn’t I think of that, Litsa? Thanks for nothing!

Let me assure you if it were so easy to just sell more art, then everyone would be doing it. The truth is selling, even the most beautiful, exceptional, or even collectible, works of art is a tough job. It has taken my entire twenty-five-year career to understand that selling great art is only one way to earn money to keep the doors to my gallery open. Over the years, I’ve had to get creative and leverage several skills, key relationships, as well as grow and change with the times in order to serve my clients and artists. What I learned through both failures and successes in the art world, I realized, can help other artists succeed and do similar things to increase revenue streams. And though I offer several more ideas and tips to help increase your income as an artist in my book Secrets of the Art World, here are just 5 Ways to Increase Your Income as an Artist:

 

1 . Understand Your Art Market

This is fundamental and just downright good business practice. You need to know your competition. You need to see what work is selling. You need to know what interior designers and healthcare industry experts are looking for in terms of art. You need to stay abreast of trends. Is your work priced competitively? Is your portfolio and online presence the absolute best it can be? Is your website fresh, current, and tagged properly so that your art will show up when certain keywords are typed in? Is your brand or signature style fine-tuned? By adjusting your work to match the needs the market and to put in the RIGHT market you’ll automatically see increases in sales. (FYI: I am hosting a Success Summit in June so that artists can find the answers to these questions by networking and forming relationships with insiders in the art world as well as other artists.)

 

2. Sell Your Artwork Online

You don’t want to miss a trade show or an art fair that you’ve been routinely successful in, but you also don’t miss out on the ability to sell your work to a wider audience either—and online is the place to be. For example, we launched a brand new online store Blink Art last month so that all our artists’ work can be featured online, promoted daily on social media sites, and promoted with digital advertising as well. By having your work featured on online stores you’re not limited to a finite audience, literally, anyone can view and buy your work from anywhere in the world. In the book, I also list ALL the places online you too can sell your work. (You can contact my Chief Curator, Nicole Kroger to learn more about selling exclusive works online).

 3. Seek Out Artist Opportunities—Grants, Residencies, and Commissions

There are times when artists can’t rely on the income from selling their original pieces of art alone, commissions, grants, and artist-in-residence opportunities are a great way to add a revenue stream. There are up to $12,000,000 in artist opportunities on our website alone. With a Blink Art membership, you can find up-to-date information on commission requests, upcoming grants, possible artist-in-residence programs.

 4. Leverage Your Expertise: Consult, Teach Workshops, Offer Seminars & Webinars, or Write a Book

You know something no one else does. I know that seems hard to believe, but it’s true. You have talents, skills, and expertise that others would pay good money to learn. You may balk at that and think you’re “giving away the farm” by letting others see your techniques and skills, but remember how long it took you to get as good as you are? If you’re teaching someone today, they’re not going to be your competition tomorrow morning. It will take years for your followers and devotees to replicate what you’ve done. In the meantime, you can monetize your skills. You can also use books, workshops, and seminars as ways to build a following, meet new artists, and from potential business relationships—not to mention gain exposure.

 5. Art Licensing and Printing Your Work

There are so many ways now to have your art printed on products and even sold in stores and online.  Online stores like Editions Limited and Artful Home are just a couple of businesses that offer contracts and sell copies of original works of art.  Many of my most successful artists have their works printed and sold. And for those of you eye-rolling here about mass-producing artwork,. I want to reiterate that selling a lot of art or even earning money as an artist does not make you a “sellout”—it makes you smart!  As Andy Warhol says: "Making money is art and working is art and good business is the best art.”

I know this is by no means in depth, so that’s why I go over all these topics in depth in my book Secrets of the Art World and that’s also why my team of experts and I will be covering them in person at our Success Summit, and I’d love for you to join me!

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Meet Litsa

Litsa Spanos – loving wife and mother of three – is an established art consultant, award-winning gallery owner, custom framer and educator. In this blog, Litsa shares with you her love for beautiful things. She will give you an exclusive look into the world of fine art and the artists who create it. She will also let you in on inspirational design ideas that are sure to give your home or office energy, warmth and reflect your own personal style.

 

 

 

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