May 14, 2008

Podcast #35 :: Art and Money

 

Art & money

thoughtful graffiti in Venice, CA 2004

So this is where I’ve been the last 2 days, finishing up this podcast. As I mentioned in the podcast, this one was particularly hard to write, but now that’s it finished I’m excited to share it with you. More about money, my theories and a little about licensing, wholesaling, pricing your art, discounts, and answers to questions you’ve been asking. It’s another long one. I thought about splitting it into several podcasts but since it’s been a while since the last podcast, I decided to leave it long, but it’s packed with information that I did my best to keep cohesive....I hope! And I hope this one is as helpful as the last one was for so many of you. It’s late at night on Wednesday or early in the morning on Thursday. I wanted to go ahead and put this one up but I promise to return later today with links to the references I suggested. See you again shortly...and happy creative thursday a little early!

 

click here to download MP3 Download Instructions Mac Users option click and Windows users right click on link above to download the file.

Links related to this podcast

Eckhart Tolle A New Earth,

Awakening to Your Life’s Purpose

Oprah.com

Hay House Radio

Michael Neill

Licensing Art 101

Graphic Artists Guild Handbook

21 Distinctions of Wealth (a new book I’ve just started and am really enjoying)

Surtex (I almost completely forgot to mention the biggest licensing trade show held annually in NY ~ I have not participated before so it slipped my mind in the podcast, but this show is one of the best ways I’ve heard to get your work out there for licensing companies and/or agents and reps to find you. In fact it’s going on in the next few days, May 18-20!)

Official Copyright Website

Edit *Monday, May 19* A couple more things I want to mention. One is that if you’ve asked me questions via a comment, unless I feel I can answer you best by emailing you directly, I am now trying to get in the habit of answering them here in the comments section so everyone can benefit from the answer. So I answered a couple of questions this morning and one from Cathy that I want to answer here in the post. I realized after I recorded that it might be confusing what I meant when I said, "I’d rather know in advance who I will be licensing/selling my work too before I sign any agreements". Don’t get me wrong, even though I did not know that Urban Outfitters was the customer on this latest licensing deal, I am of course thrilled that it was them ~and even if had I known in advance that they were the company, I would’ve certainly chosen to work with them because I feel like my art is a good fit, they have a great national and international presence, and especially because I have been and continue to be so fond of that entire company.

I do however, think that it is very important for an artist, or any business owner for that matter to know who will be selling their work so they too can decide if they think this will be a strong partnership and a good fit for the big picture of where their business will expand to. My point is that not every opportunity that comes your way will be the best fit for your business and you should feel free to make decisions based solely on that feeling alone, as to whether this feels like the right next step or not. I will even go so far as to say, just because it may be a good move financially does not mean it will be a good choice for you. And the reason again, that I mentioned it in the podcast is because upon further reflection I think it is unfair for a company to ask you to agree to sell to another company without knowing who they are first. I think this idea is based upon the impression that any one of us as business owners, especially artists should be so grateful for the opportunity that we shouldn’t even ask these questions, that we should just accept whatever comes our way. And that is what I’m suggesting needs some re-evaluating on the part of the artist, I believe, not the "appreciation for the opportunity part" but the part that says we will give up our fair rights for any and every opportunity.

And another thought on licensing in general. It is important to keep in mind that it can take a couple of years of getting your product out there via licensing channels before you can start to see some results. I was told this early on and now 3 years later have found this to be true. Not to say that things can’t happen fast, because they can especially if you’re already known as an artist. It’s just that it can sometimes take an entire year for a catalog, for instance to decide that it will pick up a particular image of yours to sell, something I have also recently experienced. So if you decide to license be sure to give it time to grow.

Comments (28)

Hi,

I want to subscribe to your podcast via itunes, do you know what the feed is to subscribe to? Can you please let me know what it is so I can subscribe. thankyou.
Hi Ali J ~ that\'s a good question as I just learned how to subscribe to podcasts myself on ITunes. What you do is this:
In your Itunes menu go to \"Advanced\", then select \"Subscribe to Podcasts\". And I\'ll be back with the correct link because the one I left earlier in this comment does not seem to be working...
Once I get you the correct link,  the new podcasts will automatically appear in your ITunes as soon as they are posted here in the blog.
i just wanted to say that i think you're pretty awesome sharing your ideas with the design community.

xo
yasmine
Thank you Marisa for sharing all that wonderful stuff!
Thank you for all of your great and truthful information. One kind of specific question I have is-- I notice that you sell original artwork through your website and pretty much sell only prints on Etsy. How did you come to make that decision? Also, how do you produce the prints? Do you scan them on your own and have them printed somewhere? Thanks for the help.
I think it's great that you share so much helpful information with the creative community - thank you for that! In your podcast you mentioned that had you have known that your licensed artwork would be going to Urban Outfitters, you wouldn't have done that. Are you willing to share the reasons why you feel that way? If not, I completely understand. I was in an Urban Outfitters tonight and saw your canvas prints, along with two other artists' work I recognize from their blogs and Etsy shops and your podcast came to mind.
Really enjoyed your podcast, actually it was the first one I have listened to from you and will look out for some more :-)

Im just starting out myself, so I really value what you talked about. The only thing Im finding difficult at the moment is what printer to use and what paper to use for prints of my artwork. I really want to print from home, one for convenience and two it's seems cheaper.

Really like you art by the way, makes me happy.
Hey Marisa

I've just got back from my holiday (where I had no internet access) and was so excited to see you had produced another podcast. Once again it was so very helpful to hear your experiences on certain subjects, so another great BIG thank you to you.

Oh and I'm currently reading A New Earth and listening to the classes on Oprah.........TRUELY AMAZING!!!! I completely feel like a different person - one who now comes from a place of peace rather than a person being ruled by her ego-which basically meant I was constantly feeling anxious and fueled by adrenalin. As I'm reading the book I can't help but laugh when I recognise certain aspects of myself and realise thats its just been my ego or pain body all along. I have also started noticing the coincidences Eckhart Tolle writes about that you may start experiencing when you truely start to let go of your ego or painbody - everything for me has started falling into place. I have read one of his books before (Stillness Speaks) but it didn't reach me the way this book has. So I, like you, would recommend it to anyone who feels like they are still searching for something in their lives - whatever it may be - to read this book!
Thanks for another fantastic and informative podcast. I'm not yet at the stage of selling my art - far too daunting at this point - but I really appreciated your words on value. I've realised that I haven't been valuing the work that I do very highly, probably a result of being both inspired and intimidated by the beautiful work of artists that I find online through blogs, Etsy, etc. Until I am able to value my own work highly, who else will? It makes sense, of course, I just needed someone else to point it out to me! Thanks again.
It's always so wonderful to hear from all of you and once again I'm happy this podcast is offering some help to you! thanks for letting me know!
I'm going to answer a couple of questions directly in this comment. So for Nicole ~ hello! to answer your question about prints vs. originals on Etsy. I find that lower priced items sell better and faster on Etsy. With that said, I already had a following to my website for my daily paintings before I opened my Etsy shop. I create originals so frequently it also seemed like my Etsy store would fill up fast with prints and originals and it might get confusing to my customers, as sometimes I make prints of the originals before they sell. And, Etsy only keeps listings for 3 months and then they expire. I like the option for my originals to be listed for sale until the right customer finds them, for as long as that may take. Not to mention selling from my own website saves me in listing fees and commissions paid on Etsy sales. But, for the prints Etsy is perfect in every way and selling them there has opened up my business to whole new world of customers, literally.

To Cathy ~hi! that's a great question and I realized after I recorded that it might come across confusing so I will answer that one now in an edit to the original podcast post.

And for helen ~ hello!
I print from home for the ease and convenience, and I'm incredibly happy with the quality of my prints, especially the color. I use Epson everything from the scanner to the printer, to the paper to the inks. I can't recommend Epson enough.

thanks again for your comments ~ I'm going to try to answer more questions in the comment forum so everyone can benefit from the answers, so feel free to keep the discussion going!
Since we last spoke I've done it! Gone out on my own and feel really alive and excited about becoming who I am truly supposed to and WANT to be. I've already told my parents they have to listen to this podcast because its' content is so very relative to their only concern for my family....money. In fact, my father told me to "quit this creative nonsense and get a real job". You do realize that now I will so prove him wrong! And I will...I just know it. So thanks again for continuing to share your success and failures, for those steps have lead you to where you are now. I look forward to getting my Amazon shipment soon. Take care. Jenni
Marisa, THANK YOU! This podcast was obviously a labor (that's labor with grace and ease, of course) of love, and that love comes through with each bit of wisdom you pass on to your listeners. Your podcasts are so inspirational. I'm going to get in on this Eckhart Tolle-Oprah action. I can really hear the impression it's made on you in your voice!

xo
k
I'm back with the ITunes URL if you want to subscribe to this podcast to have it downloaded directly into ITunes each time a new is posted. Here it is.

http://www.creativethursday.com/blog/?feed=rss2
Thanks Marisa,

I now looking into purchasing an Epson printer, possibly a R800 or R1800.

Can ask what Epson printer you use?
Apologies for the bad grammer above :-)
Loved this podcast!!! (as always!)
Very timely for me as I have been thinking about that balance between creating and selling. I only want to create what is fun and not worry about the selling, but I do want to get paid for my work.
Thank you for continuing to share your insights!
XO,
Melba
Hi Marisa
I discovered your blog through Decor8 .
I have really enjoyed your podcast.
I have been apporach by a few compnies in the past year to do some licencing desgin. Something I am really interested in doing.
Your podcast really helped me out feel more clued up and confident in the whole licencing thing.
Big thankyou and I just subscribed to your podcasts looking forward to tuning in again.
Susse
Such great advice...the creative community needs the kind of encouragement and wisdom you are offering.
I agree with Swirly.
Another great podcast on a tricky subject - thank you Marisa! This was really helpful for me as I've been grappling with the whole wholesale/retailer thing recently. I can't wait to follow up on some of those books you recommended.
Hi Helen!

I have the flatbed scanner RX500 and I also have the stylus 1400 for larger prints. I personally couldn't tell the difference between the 1800 and the 1400 for the kind of printing I am doing.
this was so great. i listened to it twice. thanks for being such a positive force in the indie/diy/crafting/artmaking/blogging community!
Hello Marisia!
Thank you so much for sharing your thoughts, though english is not my native language, i got main ideas and it's really helpful. I listened to you for the first time, but i guess now i will become your permanent listener. And thanks for mentioning these useful books, i will surely try them!
Good luck!
Many thanks Marisa! :-)
just had a chance to listen to this podcast. it was great to get an artist's point of view on pricing, etc. thanks for sharing your thoughts!
great podcasts :) got me thinking and hopefully letting go of some things holding me back...
greetings from germany
Marisa - I just found this site, and I'm glad because I had listened to a bunch of your old podcasts on iTunes, but then it looked like you'd quit podcasting. I'll keep checking here to stay up to date. But could you pls figure out the iTunes thing? The link you provided above doesn't seem to be working. Thx!
Hi Nina ~ Here's the newest link. It looks as though I left off the last part of the URL in the link I posted above. Thanks for letting me know!
So, once again ~ this link should work to subscribe to this podcast feed in ITunes.
http://www.creativethursday.com/blog/?feed=rss2&cat=4