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As an artist, pricing your commissions can be a tricky task. You want to set prices that are fair to both you and your clients, but also ensure that you are making a profit. This guide offers valuable insights and tips to help you navigate the world of art commission pricing and make informed decisions for your business.
Understand the Value of Your Art.
Before setting prices for your art commissions, it’s important to understand the value of your art. This includes considering factors such as your skill level, experience, and the time and materials required to create each piece. Researching the prices of similar works by other artists can also give you a better idea of the market value of your art. Remember, your art has value and it’s important to price it accordingly. Learn more about pricing here or sign up for a 1:1 session with me to determine how to best set your prices.
Consider Your Time and Materials.
When setting prices for your art commissions, it’s important to factor in the time and materials required to create each piece. This includes the cost of any art supplies, framing, shipping as well as the amount of time it takes you to complete each piece. This can include time spent painting but also conversing with the client, making edits, etc. Consider how much you want to earn per hour and calculate your prices accordingly or consider using the standard square inch method, you can read more about that here. By taking the time to consider these factors, you can ensure that your prices are fair and profitable for your business.
*Some artists use their regular prices and charge an additional percentage (around 10%) for commissioned work. This uncharge encourages clients to buy from inventory that you might already have and charges for the extra time a commission can take to create.
Research the Market and Competition.
Before committing to your art commission pricing, it’s important to research the market and competition. Look at what other artists in your niche are charging for similar pieces and consider how your work compares in terms of quality and style. You may also want to consider the demand for your work and adjust your prices accordingly. Keep in mind that pricing too high or too low can both have negative impacts on your business, so finding the right balance is key.
Offer Different Pricing Options.
Offering different pricing options can be a great way to attract a wider range of clients and increase your sales. For example, you can offer framing for an upcharge or charge more if they need it by a certain date. Just be sure to clearly communicate the details of each pricing option to avoid confusion or disappointment for your clients. This is where I️ highly recommend using my commission contract before committing to any commission project.
Be Confident in Your Pricing and Negotiation Skills.
As an emerging artist, it can be intimidating to set prices for your work and negotiate with clients. However, it’s important to remember that your time and talent are valuable, and you deserve to be compensated fairly for your work. Do your research on industry standards and pricing strategies, and don’t be afraid to stand firm on your prices. Be prepared to explain the value and quality of your work to potential clients, and consider offering discounts or payment plans as a compromise if necessary. With practice and confidence, you can become a skilled negotiator and set prices that are both fair and profitable for your business.
I️ hope this gives you confidence moving forward with your art commission pricing. If you want to learn more about pricing, consider signing up for a 1:1 session with me!