How much is your time worth? more emotionally satisfying? Per square inch? 4. Required fields are marked *. Pay yourself a reasonable hourly wage, add the cost of materials and make that your asking price. If my product was placed at any notable auction on earth, how would it fare against others who produce similar work or style? DigitalWorldBeauty.com © Copyright 2017-2020 | On what platform are you going to use to sell your photo prints? 20 prints? Second, with the first point established, we must settle the hours/wage/salability/cost/pricing issues. Should I offer varying prices (say, for unlimited use of images versus for a singular project). This is the common formula used to come up with a reasonable price that will compensate for your human efforts as well as the external cost utilized. If your basic cost per painting is $50 for fixed costs plus $20 for materials, then you add the 10 hours that it took you to paint the piece, then that’s another $200. It works because it must work, and there is no turning back. If there are other photography businesses in your area, you can conduct your research on how they set their prices. If you can divorce yourself from all the “ethereal” arguments of beauty and value, a hard cold look at your production will go a long way to visualizing success (ie, paying the light bill). Setting an artificially high price for your artwork may end up keeping your art in the studio for a long time. what is the equation for the prints? Please note: As an Amazon Associate I earn from qualifying purchases. Sorry, but this isn’t true at all. (Then you sell the original for gobs of money.). Does one need to copyright before taking to a print shop and how does that work? Some consumers are uncomfortable asking how a particular piece would cost because they don’t want the artist to have false hopes that they will get it. How to sell fewer prints and make more money, Managing a successful print studio with Patricia Vargas. Victoria. If you are doing large sized work, find what companies carry which sizes and how easy they are to run through a press, how they handle wrinkles, being cut, smudges or scoring and so on. Thanking you in advance for your assistance. No, you can call it a second edition so the buyer is clear what they’re getting. Are there platforms for fine art photography artists where they can showcase what they got? Did you charge them for printing them to or just individual prints. Now, it’s up to you if you are going to go beyond or go below their pricing. The Art Price Calculator makes calculating your art a breeze. Here’s what you need to consider. I might humbly argue to look for the best quality printing that you can. how does it become a $90 print? Hope that helps! My friend just doubles the pricing she paid to make her giclée prints and art prints. 2) Price by materials and labour. (Hint: You’re worth more than that.). Competition is another factor that affects photography charges. Then multiply that number by a … The higher the perceived value, the more that you can demand a higher price. For me, the biggest question is do I want to become a businessman? Hard questions to answer. There are different art pricing guide that aims to help photographers make a profit from their hard work. Just a little addition to a great string and your response. So, how to price fine art photography prints? Required fields are marked *. Selling Price – Cost = Profit, Thank you so much! The posters are decor posters meant for bedrooms, studios, and offices, and part of the money is going to my father so he is able to catch up on his bills and pay for things like that. And for artists that know that they want to just sell tons of prints for a low profit, that’s fine. You need to make back what you spent in making the art. If you think you can sell 20 prints each month, then it’s only $50 per print. This is such a common sense answer. They aren’t there to help you make a buck. Fifth and last, am I honest enough and committed enough to dig deep and do the work? Costs. better imagery? Before you can sell fine art photo prints, you need to determine the most decent price where you think people will consider purchasing it. If you see that similar pieces in your market sell for about $500, you may have to lower hourly rate a bit. Is that false representation? 2. Do I want to take the time, money, and energy to get the prints made and sell them? Because someone who’s looking for a Mercedes isn’t even going to look at a car priced like a Ford. Option 2. You may need to have marketing strategies so as to attract buyers. These will be calculated on an individual painting basis. Do: Be confident in standing by your price. Artists on a mission to discover how to price art prints will find answers here. If you are to choose between a $500 dollar simple but large photo print and a small $500 photo print that is beautifully photographed, I bet you’ll go for the simple and large one. I am running an Etsy shop where i will be selling my watercolour art as posters. Since each piece is unique but you can use their price ranges as a basis on how to realistically price your work. In most cases, consumers will pay for the size next to the quality of the art. Especially when we are struggling to make ends meet. Hi, I’m not sure how to go about having prints made, as far as making it profitable. Not to mention what the competition is charging. 6. There are a couple of ways to price digital artwork. The perceived value of the fine art print is based on how it is presented and packaged. When you are marking your prints, print #1 (1/50) might be of size A, whereas print #2 (2/50) might be of size B. Identifying the prices for your artwork is easier if you know the target market that you will be catering to. Selling Price = Cost + Profit Then all that is divided by 20 printsis equal to $90. Digital World Beauty is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees. This method considers the prices of your original works. How did you get the calculation for $90? Weights- paper comes in ‘pounds’ like 60, 80or 120 lb. Giclee vs. other types? Where do your paintings fit in? There are a lot of differences in how ink is absorbed and the way the image will appear on the paper- so work with a printer to learn some of the language and terms you need to know. Save my name, email, and website in this browser for the next time I comment. If you’re selling directly (not through a gallery), you could offer special deals to make potential customers feel like they’re getting a bargain. But if you're an artist who sells originals for $500-$2000 (like I do) the retail price for your prints is likely to be much lower. 5. 2. If your materials cost $100 and your pieces take about 20 hours to complete, you can pay yourself about $25 per hour to arrive at the target price ($100 for materials, 20 x $25 for your labor. (Which means that I have to package them properly for shipping once I get orders in and go to the post office to mail them). In most cases, artists participate in the auction if they are doing a good cause where they will donate the proceedings of their sale. I don’t want to rip myself off, but I also don’t want to scare off potential buyers from my works. Pricing Digital Art. I have brought in an old map of the United States which they looked at, and told me the history and value of it. I need something really cheap in order the make the sale. What Influences Fine Art Photography Prices? Confidence in pricing the photography art for beginners is quite a challenge especially for those who are still starting out to build their profile. Paper quality varies widely. ==> Relevant article: How to Create a Photography Portfolio. Knowledge is amazing, thank you for sharing yours! How about the cost of getting the print made? Do I need to learn more about color or drawing or composition or…? If you have a competitor in your area, it is not necessary that you would copy their photography print pricing list. Our local giclee fine art print professionals print on demand as few or as many as one wants. Their prices are reasonable and you can store your images with them for future use. Please help me. You must be able to come up with a reasonable price that is a win-win situation for you and your buyer. Consumers are usually hooked on what is in trend. I don’t want to rip myself off, but I also don’t want to scare off potential buyers from my works. Research. From the consumer’s point-of-view, it is more convenient for them to see the price of the suitable fine art photo for them to have a hint about how much it will cost them to own it. Paper quality is hugely important to ensure longevity of the print itself, as well as how well the colours transfer, sharpness and the finish. I am trying to find out their value. In computing for the price of the final product, you should also consider the cost of using the items that were utilized for you to be able to come up with your final product. Digital Printing is the least expensive way to go. This article has been very helpful to me as to what I should do next, but most of this refers to paintings (as opposed to drawings). This is a great question Julie. How to Price Your Fine Art Prints Anthony Thurston, 7 years ago . If you’re a car company like Land Rover, and you’re comparing yourself to Toyota, then of course you’re going to look at it like you’re too expensive. more stimulating? Pricing fine art photography may seem a difficult task. As a fine art photographer, you should be open and flexible in trying to do other genres that you know are relevant at a certain period of time to assure that it will sell. Remember to shop around and get the best deal you can on printing services. Galleries also take commission from what you , and the art that put in the gallery if you want to still want to show art in a gallery , I would put together contract of with terms conditions of your own and have the gallery agree and sign and date the contract before moving forward with any business regarding your art or prints. Thanks for the great tips! However, if your art is a limited edition, you can price it higher for uniqueness. There are few hard and fast rules, beyond the axiom that you can always raise your prices but should never lower them, because you undermine the value of your work. 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