Many artists struggle with pricing their work to reflect its value while supporting their income goals. Pricing isn't just about math; it’s tied to emotion, self-worth, and confidence. Imagine having a consistent pricing model that eliminates uncertainty and boosts your confidence. This can become a reality with the right approach.

The Importance of Having a Pricing Model

A set pricing model helps you present your work cohesively and confidently, positively impacting your sales and reputation while ensuring your business's sustainability.

Benefits of a Pricing Model

Consistency: Builds trust with your audience

Confidence: Positively impacts your sales

Sustainability: Ensures you can make a living from your art

Grab my free pricing guide at permissiontopaint.co/art-pricing.

Three Common Pricing Models

1. Time-Based Pricing
This involves calculating your production costs, including your time and materials. This is more suitable for experienced artists.

2. Square Inch Pricing
This model considers the size of your substrate and requires you to apply a nominal rate per square inch. This is a good option for most.

3. Linear Inch Pricing
Focussing again on the size of your substrate (although this time you add the length & width and then multiply this figure by a nominal rate per linear inch). This is a great option for artists who work in a wide range of sizes.

The Most Common Question: What Rate Should I Charge?

Your rate should reflect your competitors, experience, and sales history—what I call the X Factor. Start with a rate that aligns with these factors and adjust as needed over time.

The X Factor in Art Pricing

The first things to consider are the softer aspects: your competitors, your experience, and your sales history. These factors help gauge what you should sell your artwork for. Choose a rate that aligns with these considerations, then let this rate be your starting point. Over time, as your experience and demand for your work grow, you can adjust your prices accordingly.

Bonus Tips for Pricing Your Art

• Adjust Pricing Based on Demand: Start low, build a sales history, then increase prices as demand grows.
• Consider Your Experience and Reputation: Price according to your experience and gradually increase as your reputation grows.
• Communicate Value: Use storytelling and marketing to highlight what makes your art unique.
• Tiered Pricing: Offer different pricing levels for different sizes or variations to appeal to a broader audience.

Effectively pricing your art can have a significant impact on your business and overall success as an artist. Experiment with different pricing models to find the right strategy that works for you, so you can create a sustainable income from your art.

Join the waitlist for the Art for the Heart VIP group coaching program. The waitlist closes this Friday, 17th May, and comes with a special bonus: a complimentary 1-hour 1:1 coaching session with me, valued at $495.

Art for the Heart VIP is a 6-month intensive group coaching program for artists wanting to build consistent, recurring income from their art.

Why Join the Waitlist?

Personalised Guidance: Real-time support and strategies.

Exclusive Resources: Access to tools and community support.

Special Bonus: 1-hour 1:1 coaching session.

If you’re considering joining the program, join the waitlist today at permissiontopaint.co/vipwaitlist