Let me know if you have any specific pricing issues?!

@valeriegehling4358

11 ай бұрын

Very kind of you. Thanks

I am loving your channel, you're giving amazing and practical advice. Thank you!!

Great advice, I had gifted a piece to a friend some time ago. The only person to have an original, which was framed, and actually one of my favorite pieces, though it had a sentimentality involved in it that was held more dear to that friends heart. However even though I have not ever given or sold another one of my artworks, other friends of ours began commenting that they would also like to have one of my originals. And yet none have offered to pay for one, but I do value my artwork, the profession, and myself enough that I wasn't even willing to give any of them a price before first considering what is a fair price first. This is an excellent video that all beginning artists should watch before selling themselves and other artists short.

Off to a perfect start! I'm cracking up- "times it by the birthday of your first born child" LMAO true, true, I just dealt with this experience for the first time, and all the different, extensive information is overwhelming.

@IntheStudiowithMicheleWebber

4 жыл бұрын

Information and disinformation! At the end of the day only two things count: Market value and the reputation of the artist 😉

Michelle, Paris right there. Hop on the Euro Star and go see the Mona Lisa. Make a day trip of it.

Oh wow. You are full of information. Thank you.

@IntheStudiowithMicheleWebber

4 жыл бұрын

You are very welcome Mary ☺️

Although I am far from selling any of my works, your advice is very sound. Will definitely re- watch this & others if I am lucky enough in the future to sell. Thanks

Thank you this was very helpful 😍

@IntheStudiowithMicheleWebber

3 жыл бұрын

You’re welcome 😊

This was a great video, describing pricing strategies, and a wonderful reference point for students of Art and Design.

@IntheStudiowithMicheleWebber

2 жыл бұрын

Thanks so much!

Wow that’s very helpful & informative. I am not quite ready to begin selling yet, but I have given away a few paintings to friends as thank you gifts or as Christmas Cards. I did have one friend who received my painting gift me some paint and a couple of brushes (student grade) as a thank you for my gift, because they wanted me to continue with my artwork. Can not wait for the next videos you do on this issue. Thanks for explaining this with us.

Pricing. I think you just blew my brain. Lol!

Interesting info thanks! I work out my prices using a formula but it is not really that simple, it's a kind of algebraic one that takes account of an initial cost and then a slow increase according to size (but then I am a maths geek lol) - it was quite difficult to work out to get prices that didn't either start too low or increase too rapidly so I agree that a simple formula doesn't really work. I still have to adjust it sometimes for really big pieces but I think it works for me as most of my paintings take a similar amount of time. It is also really difficult to gauge how much people are willing to pay and I have had to be brave in the past to increase my prices to what they really should have been!

@IntheStudiowithMicheleWebber

4 жыл бұрын

One of the hardest things is letting customers walk away, but if you don't do it then your prices just get lower and lower. I am not a maths geek. I drew pictures during maths 😆 But nevertheless I do take the time to get pricing right 🙂

3:00 intro!!

Hey! I find it very difficult to price my work that I sell as digital download. There is no way of telling how much to charge since there is no way of telling how many times a certain artwork will sell. I always just kind of look at what other people charge for similar work but sometimes it is still very difficult! I have sets in my shops that are cheap and almost don't sell and others that are more expensive and sell like crazy. I wonder at what point I should raise my prizes and how to determine if my pricing is consistent throughout my shop. I had two people look at my prices, one of them said they are too low and the other one that they are to high! Amazing channel by the way. I found it on Pinterest and have been binge watching ever since. It is so difficult because everybody seems to have a different opinion of pricing but your words do make a lot of sense!

@IntheStudiowithMicheleWebber

4 жыл бұрын

Thanks so much for watching. All of my newer business videos go onto my patreon feed now as they just don't do well on KZread as it's too niche of a subject :-) I think you have to have some price consistency across your brand. If digital products aren't selling it may be better to remove them. On stores like Etsy, having long term unsold items can affect your seo. I find certain prints I think will sell well don't sell at all and others I am less keen on sell lots. In regards to digital downloads you have to have an eye on what other people are doing (market value) but you can't worry too much about it. It's more about design, if they want a certain thing they will pay. There will always be people that tell you your prices are too cheap. I have been told by people there are far cheaper online art courses than mine. OK, go take those courses then. Online selling can be a race to the bottom. Hold fast and concentrate on quality and customer service ;-)

Perceived value of the artist works is fine if the artists work sells in the "art market" and is an established artist with built in provenance. However, when one is starting out, a pricing formula often works better because the artist has no perceived value and pricing ones time, materials and $ per square inch helps lend the piece provenance that can be traced back to the artist and any previous owners if there are any.

Thanks for the video - I was hoping you'd speak about the Lineal Inch Method. What are your thoughts on that in comparison to the Square Inch Method?

@IntheStudiowithMicheleWebber

3 жыл бұрын

I think any pricing method can work under limited circumstances, but long term, pricing formulations all have their limitations because there are too many variables and emotional aspects to buying artwork.

@devandestudios128

3 жыл бұрын

@@IntheStudiowithMicheleWebber That's why it's better if pricing formulas work on a sliding scale. A sliding scale takes into account all the different variables, such as time, materials, perceived value and market value. If I only sold my works on perceived and market value alone I would be highly underpricing myself, at least in my area. I can do that with smaller pieces and prints, but the larger pieces that take more time and involve more skill would be woefully undervalued.

Hi Michele, I'm an artist that is more than an amateur but less than a professional. Having attended a couple of art fairs as an exhibitor I found that I had to sell some of my work cheaply just to cover the cost of the pitch! And as you say the perceived value is not what you want for the paintings. I have many good comment regarding my work BUT, when they ask the price they shy away. One example is a 16 x24" tall painting of an osprey, and I'm quite pleased with the finished item asking £95 for it and extra for the frame. The price asked is not too much (I think), so am I selling in the 'wrong' places? This year I changed direction and had a pitch at a local village fete, Whilst I sold one painting and a few cards which have my paintings on, not much value but a considerable profit as compared against the art fairs I attended as an exhibitor and easily covered the cost of the pitch. So where do I go from here? Badger

@IntheStudiowithMicheleWebber

4 жыл бұрын

That price is more than reasonable. Unfortunately there are always people who want cheap art. I am going to be doing lots more videos about pricing. I suggest you don't compromise on your originals pricing but look into selling signed prints of the originals at lower prices. This is something impossible to do if your prices are already so low that you can't drop them much lower for prints. At the end of the day art is a luxury and people who are hard up are understandably not going to pay high prices. I will be talking about this in my next video so do take a look at that. 🙂

Years ago, when I was a student, someone offered to buy one of the painting I had done on a hobby basis for $50. Year later, the first time I took a stab at selling them professionally, I started out pricing at $50 since I figured that must be the value since that was what I was offered before. When that didn't work, I guessed that maybe I was causing people not to take may work seriously by under pricing, so I went for a "fake until you make it" approach and tried $5000 in the hope that if I acted like I was something of a big name I'd be seen as one -- after all, if some guy on a talk show was eating paint and then selling the vomit for that price then surely my lovely paintings were worth at least that much. When no one bid on my paintings, I became discouraged and gave up. I think the value of all these formulas is that they give new artists, who have no idea where to start with pricing, a reasonable ball park estimate of what they can get away with.

I was an inventor for hire. The time to come up with a patent idea that met the customers needs and restrictions has been as quick as half an hour and as long as six months. The money made for the client has no relationship to this time.

If you want to see my art for free, go to a gallery. If you want to own my work and take it to your own home - support my lifestyle.😊

Can I talk to client how I decide the price,for example w x l x 0.50 cm

@IntheStudiowithMicheleWebber

4 жыл бұрын

You can negotiate, but you should never let the customer decide the price. It's better for you to decide, and stick to it.

one thing i dont get is HOW to calculate materials used, sure its easy for canvas/paper or what ever you paint on BUT how do you calculate the paint you use? chances are you dont use a full tube of paint per painting

@IntheStudiowithMicheleWebber

2 жыл бұрын

It's tricky for sure.

I've always thought the Emin bed was a scam 😂😂.... wouldn't the third factor in pricing your art be how much the patron desires to own it..

@IntheStudiowithMicheleWebber

4 жыл бұрын

Yes market value is always very important 🙂

When you see the Mona Lisa get up close she is magical Not at the back of the room.

Weirdly, I was showing & demonstrating at an art fair 20 years ago, sold virtually nothing, when a woman came up and bought one of my more intricate oil paintings for £450!!! Why? Because she loved it and it resonated with her. I think that's the secret - make art that people love, and you will usually win. However, you've not touched the 'high end' of the art market much. I recently found out that the stratospheric prices people earn there are because 'Fine Art' is a tax-free money laundering investment. That realisation put me off for a long time. In fact, it felt like I was engaging in something dirty and shallow.

@IntheStudiowithMicheleWebber

2 жыл бұрын

Yes I have heard that too!

Omg ...I cant believe a person's bed would be art for all that much money.... it saddens me that people in our we world dont appreciate handmade product by real people and not machines...I try to buy american and always think twice about who what made the item I want or need...I know it probably odd but my grandparents were in ww2 so I think what they needed to survive those yrs and try to adjust my needs...not saying I'm not always successful but I do try to upcycle as much as I can..mikelle ny mom 🎨👩‍🎨👋.😷