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Starting a wall art business can be a rewarding and creative venture, whether you\u2019re showcasing your artistic creations or curating a collection of work from other talented artists. The good news is that there\u2019s significant profit potential in selling art online. Even better, launching your art business is likely simpler than you imagine.<\/p>\n

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Understand Your Finances<\/strong><\/p>\n

Having a strong handle on your finances is another cornerstone to your success. One of the upsides to having your own art business is that you have an element of control over your costs. You can decide how much to invest in materials if you\u2019re creating your own art or how many pieces you want to buy to resell. Make a complete list of all costs \u2013 both the fixed (e.g. studio) and the variable (e.g. materials) and try to predict what your costs will be each month.<\/p>\n

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Identify Target Customer\/Market<\/strong><\/p>\n

Knowing your target customer and understanding the market will be crucial to your business success. Art in particular is rather subjective and you\u2019ll need to find the customers who are interested in the type of art that you\u2019re selling.<\/p>\n

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Set Prices<\/strong><\/p>\n

Establishing pricing for your artwork can be tricky. If you\u2019re selling someone else\u2019s work, it\u2019s somewhat easier because you can simply add a percentage to what you paid for it and there is your profit.<\/p>\n

When dealing with something of your own creation, however, it can be hard to take the emotion out of it. You may feel that it\u2019s difficult to put a price on something you created out of love and inspiration, but the cold, hard truth is that you\u2019re running a business and you need to make a profit.<\/p>\n

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Set up a Payment and Ordering Structure<\/strong><\/p>\n

Once you know what you\u2019re selling and who you\u2019re selling to, you need to be sure you have a system in place that will enable your customers to place their orders and pay you.<\/p>\n

Get the Right Tools<\/strong><\/p>\n

We\u2019ve already discussed signing up for a payment system, but there are other tools you can have in your arsenal that will also help streamline your business processes. These tools can include things like inventory management, contact management, calendars, to do lists and more.<\/p>\n

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Launch!<\/strong><\/p>\n

With everything in place, you\u2019re ready to go. Launch your business into the universe and start selling your art!<\/p>\n

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Culled from:https:\/\/pay.com\/blog<\/em><\/strong><\/p>\n

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Starting a wall art business can be a rewarding and creative venture, whether you\u2019re showcasing your artistic creations or curating a collection of work from other talented artists. The good news is that there\u2019s significant profit potential in selling art online. Even better, launching your art business is likely simpler than you imagine. \u00a0 Understand […]<\/p>\n","protected":false},"author":1,"featured_media":127322,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[11584,2330,2822,14048,3792],"class_list":["post-127321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lead-stories","tag-art","tag-business","tag-start","tag-successful","tag-wall"],"yoast_head":"\n