Showing posts with label analytics. Show all posts
Showing posts with label analytics. Show all posts

Sunday, May 19, 2013

The Deal of the Art

I spend a lot of time interacting with other artists via the internet.  We pass information about good and bad shows, good and bad promoters, good and bad restaurants at shows etc...  And sometimes we get collectively enraged.  Last week one of these artists pointed out a news item that implied a promoter was going to "teach" art patrons how to "negotiate a price" on art.  The number of posts, rants and opinions that was generated in 24 hours was immense.  This is a topic that pretty much every artist agrees on:
Negotiation should not be considered standard practice at an art fair!

The wonderful people who attend art fairs and consider buying the artwork they see should be aware of the following things before they question a price:
  • We pay to apply to be in an art fair (usually $20- $50), and then if we are accepted we pay for our space (typically $200 - 500... but it can be significantly more) 
  • We supply our own tents, displays, labor, transportation, room and board.  So by the time we open up on the first day of the show we are already in the hole, usually $500 - $2000.
  • All of the work we bring to the show is hand made by us!  We have costs sunk into supplies, tools, classes, scrap and most importantly our time. 
  • Our prices are set based on the cost of materials and the amount of time and resources required to create the art.  These are not random prices that we hope you are willing to pay so we can rake in the cash, they are prices that are based on what the value of the work is.
  • We are at the mercy of the weather, the economy and many other things outside of our control (try doing a show in Green Bay during a packers game!).  If there is a storm and we are told to vacate the show for safety reasons we do not get a refund.  
  • Most of the artists you meet do this as their full time profession.  The income generated over these weekends is used to pay mortgages, food bills, doctor bills, tuition bills, utilities....  For many this is the only source of income. 
If you have read my other posts you probably realize that I am in the unusual situation of being a part time artist with a full time job.  I participate in one third to one half  as many shows as most full time artists and I don't travel nearly as far as they do.    Even so  for 2013 I will be doing 12 shows, translating to 27 show days, with 4 hours of setup and 2 hours of teardown per show.  I am travelling for 4 of these shows so that adds 8 travel days.

In my last post I described the math that I use to figure out what it takes to break even and then how the profit is calculated for a single, local show.   Now scale that up and think about what I need to sell to have any profit on the year!  When I set my prices I do charge for labor involved in creating the piece, but not for the time I spend at the shows, so my version of profit is how I pay myself for the time spent driving, setting up, tearing down and selling.

Please understand that I am not writing these posts to host a pity party for what an investment of time and money it is to be an art fair artist.  I am just trying to educate the art fair patrons so that they will value our work appropriately.  I don't do this to get rich, I do this because I love it.  




Sunday, April 21, 2013

Done Waiting (for now)


On March 17th I showed you my status summary for show applications...
I posted an update on April 8th...
Here is where I stand on April 21st... I have results from every application that has been sent!

By the Numbers:
  • 14 applications sent
  • 1 more applications to send (due 4/30)
  • 4 rejections :(  and they came all in a row!
  • 1 wait lists 
  • 9 Acceptances ... I am still deciding about my participation in 2
  • 0 in progress
Analysis:

  • I have spent $300 on jury fees.  I was "invited" to 3 of the shows so my jury fee was waived). 
  •  I am committed to $2495 in booth fees across 9 shows.  
So, before I generate any income in 2013 I have already spent $2795!  Luckily some of the later shows will let me do a payment plan so I can pay them after I have made some money at the early shows.

"Show Math":
There is a cost associated with the materials, labor, and kiln time (electricity) for every piece.  So when I make a sale, I have to take that cost out before I can begin applying the income to pay for my booth.  That income also has to cover travel expenses.  My cost of production is usually 30-50% of the selling price.  Let's call it 40% for now.

Sample Show (yes this is a real show, near my house so there is no hotel cost)

  • Costs (jury+show+mileage+food) = $573
  • I need to sell $955 to start making a profit.  60% of sales AFTER $955 are profit.  
  • The average price of my pieces is $85.  I need to sell roughly 11 items BEFORE I CAN BEGIN TO MAKE A PROFIT!
  • If I sell $2000 worth of items then I have made a profit of $626.  

Conclusion:
At least I know where I will be this summer!  To see the shows that I will definitely be at check out my site or "Like" Heartfire Studios on Facebook.

Oh, and based on the math, I'M CRAZY!


Monday, April 8, 2013

Still Waiting... Part 2

On March 17th I showed you my status summary for show applications... here is the April 8th update:

By the Numbers:

  • 13 applications sent
  • 3 more applications to send, although 1 may not be sent if others come back as acceptances
  • 4 rejections :(  and they came all in a row!
  • 1 wait lists 
  • 6 Acceptances  (one came off the waitlist!)
  • 2 in progress - next notification dates is 4/15/13
Analysis:

4 rejections from shows that I have never done before.  I've applied to 2 of them in the past and was rejected then too.  Next year I may try to apply with a different style of piece and see how that goes.



I am also deciding whether I will attend 2 of the shows that I have been accepted to.  They are difficult weekends for family reasons and if I don't think they will be amazing it probably isn't worth the trouble.

To see the shows that I will definitely be at check out my site

Conclusion:

It's still a crapshoot

Sunday, March 17, 2013

Still waiting

2013 Art Fair Application Status Summary as of 3/17/13 (yes, this is how I think)

By the Numbers:
  • 13 applications sent
  • 5 more applications to send, although 2 may not be sent if others come back as acceptances
  • 0 rejections
  • 2 wait lists 
  • 5 Acceptances
  • 6 in progress - next notification dates is 3/28/13
Analysis:

I'd like to say I'm doing a good job picking shows, but 3 of the 5 acceptances were invites from last year and I may not attend 2 of them.   The 2 new acceptances came from shows that are further away than I have traveled before so I am now making bigger commitments but I am excited.

Both wait lists are shows that I will do if I come off the wait list, and both are local.

Conclusion:

I have no idea what any of this means.

Wednesday, October 20, 2010

The Artist and the Geek

So in addition to an obsession with fused glass, I am a geek of many trades.   I'm a hobby level camera geek, I have a mid-level DSLR that can keep me busy for days if I find the time.  I am a wannabe car geek, I love to keep track of the newest cars out there and dream of owning the great sports cars.  Finally, and most relevantly I am a tech geek.  I really am an engineer by training (BSEE and MSCS), and I do use those skills to keep a day job that pays for the required parts of my life.

So why is this interesting?  I take advantage of the camera geek part of my brain by trying to improve my ability to take pictures of my artwork (and kids, and nature, and vacations).  I got the DSLR a year ago and with the help of Gwen I've been able to learn enough to take many of the web shots.  Glass is trickier than it sounds - lighting and glare are challenging.  Of course, for a jury picture Gwen is far far far better than I am, and she gets stuck with that job.

I'm not quite sure how the car geek comes into play, but its just a weird fact about me.

The tech geek is far and away the most useful.  I have created websites for myself and my friends for years.  I keep my web skills close to current just because it lets me keep my own site evolving.  Of course, most of the bells and whistles just make for an ugly cluttered site so I try to exercise restraint before actually publishing the pages.  I've always used analytics tools to track traffic on my sites, and I have a decent grasp of Search Engine Optimization (SEO).  Now that I've put my pieces up on Etsy I've discovered a whole new world of web tools! Using some nice applications that other folks have put together I have linked Etsy, Facebook and my own site so that my pieces for sale show up everywhere.  (see the sidebar on this page!)  The analytics tools let me track site visits, purchases, favorites and when I've been featured on Etsy's front page.  It seems there is a whole new industry out there that lets the geek in me give the artist a much better chance at being noticed.

It's good to be and Artist and a Geek!