B2B Monday - Revisit Your Prices

Good Monday afternoon! As we enter the last month of the year, busy with lots of holiday doings and the anticipation of a brand shiny new year, now is a good time to re-evaluate a number of things to do with your art business. This week, your mission is to revisit your pricing. If you sell your work, or teach or lecture, revisit your prices to determine whether they will increase in the new year or remain the same.

Have you sold a lot of work at your current prices? Have your prices remained steady for 2 or more years? When was the last time you raised your fees for teaching or lecturing? It might be time for a modest increase. Check out what other teachers are currently charging for similar classes. Add 10-15% to the retail prices of your artwork and see if the number seems reasonable and comfortable to you. Revise price lists and any online shops to reflect the changes.

Are you looking for an in-depth online course to focus on your art business in the new year? Consider signing up for my Jump Start Your Art Career workshop. All the details can be found in the Online Workshop tab at the top of this blog, or by following the link.

Do you want to see all of the tips in the Back to Business series? Follow the link to see them all!