Making More Money From Art-3 – Economics Of Art
This blog post will introduce the concept of the economics of art, and how understanding some simple economics of art can help you with pricing your art, making more money from art, and your art workshops.
At the end of my last post, I briefly mentioned the situation where some of the artists I know have too many customers, and too little time. I said that one answer to this situation is to just raise your prices. The problem with raising prices though, is that you might get more customers as a result of raising your prices. Please read on.