Black Widow, hand and slab built ceramic wall sculpture with crystal and mixed media, approx. 24" tall, by Tammy Vitale
I realized, shortly after finally figuring out and completing the dreamcatcher spider webbing that I should have put swarovskis on the strands. Maybe I’ll go back and do that later. Maybe not. The bottom part of this piece was supposed to be red – new glaze, untested – but it came out white. Go figure.
This past week I have spent some time doing the real arithmetic of art – figuring out what I have to make and sell to have an income of $55,000 year. Minimum (hear that Universe?). I have an undergrad in Business Administration – one would think I would have done this before. Maybe I did and got daunted and just put it aside for a while. No time like the present to drag it out and have a look. Art Biz Coach offers a plan – I haven’t tried it but if you aren’t familiar with business plans, she’s a really good place to start; also subscribe to her eletters.
Here’s what it looks like:
Commissions: 1 large ($10K), 2 small ($4K) 14,000
Classes: 4 with 8 students each @$45, fish and tiles, $1440
Torsos: 52 (1/wk) @$400 less 40% commission $12,480
Ugly Fish: 52 @$37 less 40% commission $1,154
Shows: 3 at $1K each $3000
Wylde Women: 52 @ $46 less 40% commission $1,435
Totems: 52 @ $100 less 40% commission $3120
That gets me to $36,629. With a gift from the Universe I get to $56,000.
This is what I learn: Torsos, shows and totems bring in the most money. If I want to go that way, I need more shops for the torsos and totems and more information on good shows.
Wylde Women and Ugly Fish are fun – and ultimately would get boring to make enough to help out (at least 8 a week of each). But for the time being I’ll make them and people can collect them until I’m done.
I didn’t include masks or furniture because in the past neither has been a quick seller, although masks are starting to pick up. I love making masks. I think they may be my favorite thing after torsos.
At any rate, I have a bottom line and know that I need to do some more work on income generation. I am thinking: art agent (I know nothing about agents, but I could then put torsos in galleries only and charge enough to cover the agent, the gallery and still make my own money – and keep the smaller more retail stuff for me). I’ve thought about hiring a local student to get my records organized and keep them that way and help with mailings.
I would love suggestions from others out there. How do you do it? What are your ideas for making it work for you? Let’s have a brainstorm session!
thought for the day: "You are like Rilke’s Swan in her awkward waddling across the ground; the swan doesn’t cure her awkwardness by beating herself on the back, by moving faster, or by trying to organize herself better. She does it by moving toward the elemental water, where she belongs. it is the simple contact with the water that gives her grace and presence. You only have to touch the elemental waters in your own life and it will transform everything. But you have to let yourself down into those waters from the ground on which you stand, and that can be hard. Particularly if you think you might drown. [paraphrased] David Whyte, Crossing the Unknown Sea: Work as a Pilgrimage of Identity
8 Comments
Business plan, now why didn't that ever even cross my mind? Yikes, I'm still trying to wrap my brain around the idea that anybody would buy my art, but maybe by planning, thinking, visualizing, and a bit of luck-someday I might actually NEED a plan. Definitely something to think about.
hmmmm…business plan…
I love this quote about the swan. I'm going to copy it out and post it on the wall of my studio. 'Move toward my elemental water.'
How's the work with Photoshop going? Every time I pick up my book I think about you!!!
Tammy,
I love dream catchers. What a lovely piece! I especially like the detail.
Running the numbers is an eye-opening experience. I've been doing it as well. I haven't come up with a specific plan, as you have, but am now inspired to do so.
I have no experience with art agents but think your focus on creating a lot of work to sell is the right one.
Thanks much for the plug!
Oh, there's that splash of cold water I needed to wake me up! Thanks – uh, business plan? Good idea! Do I have one?
Tiny voice in reply: uh, not really…
I think the above Etsy shop and/or E-bay would be a great way to introduce more people to your work and possibly generate more sales. A whole world of shoppers out there. You can link those shops to your blog here, too, to help generate more potential sales.
I don't know if you want to stay strictly original art or if you'd consider licensing, but possibly either your Ugly Fish or Wylde Women might be of interest to a company to reproduce them.
Thanks for the wake-up call – I needed that. 🙂
Well whack me upside the head with a task I should be doing for myself…
:-O
This is something I am planning to dig into in the coming weeks – I need to have a target of some sort to guage whether I'm selling enough…
But mostly I am love with this torso!!!
xxx
i *heart* this torso! it's gorgeous!
and the business plan is fantastic! it is good to break things down like this. i like jessie's idea about the etsy site (that could be a great place for wylde women and fish.) a website with a store might be a good idea also. maybe an art show in your own home where you could invite family and friends and patrons?
tammy, i just read your art business plan and i'm practically jumping out of my seat with excitement. probably because i've been trying to get my head around the making art/making money thing lately too. to me, THIS POST feels like a gift from the universe.
as for brainstorming:
what about using the internet to your advantage…
a website for your art
an etsy
deviant art
ect……..
good luck and thank you for sharing this way of thinking! 🙂