Pricing for Profit: How to Create a Pricing Formula That You'll Feel Good About
When you have a formula for pricing your artwork your entire relationship with your prices changes. We hear from a lot of artists that they struggle with how to price their art. This topic is usually cloaked in emotion, which is right there a major part of the problem.
Creating art has to power to feel emotional, but pricing art shouldn’t. Just like any other business there is a simple cost to produce the good, a perceived value accepted by the consumer, and a profit margin the maker/manufacturer desires. Sounds simple enough, right?