Most people waste time on the wrong things. You already know this. Last week you buckled down. You made it a goal to stop wasting time on social media and tv. You even put in a full 40 hour work week. You organized your files, made your website a little prettier and put together some canvases.
These tasks are all well and good and have to get done. When you’re a starving artist with a limited budget you don’t have a choice but to do 'all the things'.
You made an A+ effort - you're just spending all your time working on the wrong to-do list!
I bet most of the things on your list are ‘administrative’ tasks. These types of tasks make you feel good to check off, but don't help you move the $ needle. Spending all your time on these won’t get you anywhere.
Use this test: If you could pay an assistant to do it - it should be considered low priority. That doesn't mean you are going to pay someone to do it right now. You probably don't have that type of cash yet. It's still a good test.
Save the administrative tasks for 25% of your time or less. If you find they take up more than that, find ways to streamline or make cuts, or ask yourself if they are absolutely necessary.
Time to start developing a new skill! Learn what WILL make a difference in your business and prioritize those projects - that's when you’ll start to make some real progress.
Creating new bodies of work to sell, focusing on ways to market your art that reach as many potential customers as possible, coming up with a brand that makes you stand out from the rest of the artists around you… things that will make your business money.
Use that as a rule of thumb: If it can help you make money, its a worthy use of a chunk of your time.
(If that feels icky to you - like you are not being true to your artistic vision by trying to earn money - that's ok. Maybe your art is meant to stay in the realm of 'do it for yourself'. But if you want to be able to generate a decent income with it, chances are you'll need to learn all you can about marketing your art in smart ways. )
I'll guide you towards focusing on these types of ideas in your inbox over the coming months. These are the types of things that really get me excited! Less work, more impact? Yes, please.
To help you know what those things are, I worked out some formulas to show you with real numbers.
I made a worksheet that will do all the math for you. It's at the end of this post.
There are three things you need to make money from your artist website:
Each thing directly influences the others.
Follow me so far? Great.
Now let's plug in some numbers to see how much more money you can make.
You'll have to get some numbers from your website for last month. You'll need to know:
From there, we can plug in three of those, increase the fourth number, and that will tell you how much working on that thing will increase your income.
Let's say last month you had 1000 website visitors, 20 email signups, and 1 sale for $150.
If the only thing that changes this month is the amount of website traffic you receive, your sales should go up significantly:
If you have 5000 website visitors instead, using your email conversion rate, you'd end up with 100 email subscribers.
By only focusing on increasing your website traffic, your income went up $650.
If you didn't want to work on increasing your traffic, you could start with getting more of your traffic to sign up for your email list, increasing the number of people purchasing from your email list, or increasing the amount of profit you make per sale.
(I'll talk about more specific ideas for these in future Weekly Tips, but I have a few other things coming up first.)
If you don't know what your goals are or what you need them to be, it makes them really hard to reach.
I like to keep two goals in mind:
I recommend working off the second one.
For example, if you aren't making any money right now, I would set your goal to be something like "make enough money to cover my operating costs". This can be things like the cost of your website and getting a few runs of prints made. This should set the bar low enough that your goal will be attainable more quickly, then you can create a new goal.
Download the Excel worksheet I made you and plug in last month's numbers. Then you can play with what would happen if you focus on increasing website traffic, email signups, purchases or increase your average sale price.
This will give you something concrete and specific to work on.
I promise you your goals will feel much more reachable and you'll achieve them 10x faster!
Jessica's college experience was spent falling in love with getting her hands dirty. She showed her paintings at art galleries all over the city, but kept waiting to "make it". After the galleries took 30-50%, she would never be able to pay the bills. Determined to learn where she was going wrong, she took a job at a marketing firm where she managed over 50 projects at a time for three years, then ran her own web design company for the next three. Combining all of her unique skills, she opened The Artist Market Co. to teach artists techniques to create a thriving online business from their craft.
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