#makeaprofit

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If you want to #makeaprofit in your #business these days, you need to cut costs to #growyourproductivity, so you need to develop a #newmarketingstrategy to approach in respect of #achievingaleading role.

Are you earning more 💰than a Cambodian Factory Worker, from your art? 🤡 Many artists don’t pay attention to their PROFIT. They get caught up in the excitement of making the sale, getting new collectors, making people happy with their art. And it’s great to be getting all that attention and LOVE. 😍 But love doesn’t keep us in business. 😍 Figure out the profit you're making for EVERY creation. If you haven't been doing that, here's a Quick and Easy way to figure it out: 🤓 For every project, WRITE OUT ALL EXPENSES, subtract that from THE SALE PRICE $$$, and that number is your profit . 🤓 Your list of expenses should include: The cost of all supplies, an assistant, gas for traveling and anything else associated with it. 😜 Now, just for giggles, take your profit and divide it by the number of hours that you’ve spent making it and selling it. 🤓 There’s your hourly rate - this is the amount that you are earning before taxes. 🤓 Sometimes that hourly rate is AN EYE OPENER! You might find that you are making less than a factory worker in Cambodia. And that's depressing. 🤓 DON’T DESPAIR if you find out that you’re making less than intended. Thank yourself for figuring this out. And now you can CORRECT it by increasing your profits in the futre. 🤓 Below are ways to INCREASE PROFITS: 🤓 Raise prices, Lower costs Sell a different item that takes less time or materials Market to people who can afford to pay more $$$ Sell direct (instead of paying galleries 50%) Use a different medium, venue, etc. Get creative! 🤠 Look, the world needs your treasures! I want you to be able to contribute your talent to the world. Keep your business healthy so you can continue to create your art. 👏👏👏 I wrote in detail about this is my book Art Money Success. If you want more free biz strategies like this, click the link in my bio. 😻 I hope this helps someone out there. If so, please share in the comments. I cherish them! 😘😘😘 #artmoneysuccess #mariabrophy #artbiz #makeaprofit #growyourbusiness #keepcreating #lovemyjob #lifeisgood (at Drew Brophy Art Studio)

In case anyone needs a closet clean out! #MAKEAPROFIT 🤑 (at Los Angeles, California)