4 Things to Know When You Start Selling Art
- Marta Griffin | September 2, 2019
Everyone wants to be an artist, but selling art is difficult. Artists are unsure how to go about selling their art. What should they know? What questions should be asked?
Selling art can be a lengthy affair. Trying to sell your art for a living can suck the inspiration and the joy out of your career. An artist must ensure they do artwork for fun to keep the passion alive.
The sales tax is always different in every state. When selling art, the seller is in charge of following the tax laws of that state. There is only so much that a tax accountant can help you with. You can get in touch with a reputed financial advisor sydney, for instance, if that is where you live, to get a hands-on knowledge of the tax-related matters that can help make your journey of selling art smooth.
Sometimes it is better to have a tax lawyer. Tax lawyers can help in ways that tax accountants cannot. Tax lawyers can provide you with information on tax laws, strategies to follow, and tell you what to do. To understand more on this topic, visit this website.
Know What Questions to Ask
After understanding the tax law in your state, you should know what questions to ask.
What Should You Charge for Your Art?
Many artists are unsure of what they can charge for their art. Unfortunately, there is no fixed number, and no one can tell an artist what to charge. Only the artist can decide what their time and effort is worth.
The worst thing an artist can do is undersell themselves and their artwork. The buyer will regard the artwork with how much they paid for it. The buyer will not appreciate a piece of art if it was undersold.
Do Your Skills Make the Price Right?
An artists skill set helps determine the price of the artwork. If artists charge too much for their work, they risk getting hurt when their client is unhappy. It is best to discuss the price of your artwork with your client.
When negotiating price, be sure, to be honest about your skills and maybe bring a portfolio of your work. This can help ensure you do not overcharge your client or undercharge yourself.
Get Contracts to Protect Yourself
Creating contracts can help protect you from any legal ramifications. By getting a legal contract signed it might protect you from unreliable clients. These types of clients may want to change your agreement, or receive the piece and not pay you.
A contract binds both you and the client to uphold the ends of both of your agreements. Make the contract very detailed so that there cannot be any surprises later on.
Best to Deposit!
It is always an excellent idea to receive a deposit before you begin working on the piece. Some clients may change their minds and withdraw. This may leave you with a half-finished piece and no money.
By getting a deposit, it may encourage a client to stay on. So in cases where clients pull out or are unpleased with the turnout, the artist may still get something.
To Sum it Up
By knowing what to know when selling artwork artists, may find it easier to sell their art. Artists are always unsure when they begin to sell their work. These four pointers are there to help them understand how to sell their artwork.