Ok, so - the studio is in place - I LOVE IT. I am inspired to work longer and harder now. Funky Monkey Girls - you should so set up that second bedroom! You will love having the place to create. It gives you new energy! :-)
But here is the problem..........How in the world do you make money at this? I have several places intersted in showing my painted glass, bracelets etc.... But they said I had my prices too high. If I sell to them on consignment for the price I want out of it, they can't mark it up high enough to make money themselves. They basically said people will not buy my items unless I come down to the market price.
So after researching the going rate for items like mine, I find they are right. This is not just one person, but several people that have told me this. So, I agreed to lower my prices. I have gone back to Etsy, Artfire, and my website, and set everything lower.
My question is - HOW do I make $$$? For example. I have just painted some really cool bangle bracelets (they are not posted yet). They are going to a show with some people this weekend. They don't think I can mark them any higher than $6 a bracelet if that much..... Well, I bought them for a $1 each. I have spend all week after work painting them.......Have no idea how many hours. If they sell any - I would have only made $5 off of each bracelet, but when you let others sell your stuff, you have to give at least 40% to them. I guess this is called selling on consignment. So, I am going to make a buck or two off these bracelets..........My wine glasses have the same problem. I have them marked at $17 - $19 each. According to the market, that might be too high as well. The glass cost $2 each, and then I put hours in my painting. I have to give a percentage to the owner or whoever lets me sell in their store. Am I making any money?? One suggestion was to not make my paintings so detailed, or elaborate. Then I can lower my prices. But that is the problem! I don't want to sacrifice Art for money....! It is not my style. I feel cheap.
So, any advice? Anyone know how I can get a Tax ID so I can buy items in bulk, wholesale. Anyone know how I can make a little money? How do I get people to buy? I LOVE painting!
Thanks for helping me.
Beth - Kiwi Arts