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In this video, I explain 2 straightforward pricing formula to help artists accurately determine how to price a product as well as the 4 essential strategies to effectively price your work. I break down the essential components, including factoring in your material cost and calculating your hourly pay and also the industry standard for a 2D work - pricing by artwork size. These approaches ensure a fair income calculation and proper product costing for your artwork. Link to your Art Pricing Formula Cheat Sheet: https://tinyurl.com/mrybbpy5 Chapters: 00:00 - Stop Guessing Your Art Prices 00:20 - Formula #1: The Cost-Plus Model (Hourly Wage) 02:17 - Formula #2: The Square Inch Model (Industry Standard) 04:02 - CRITICAL WARNING: Factoring in Gallery Commissions 05:02 - Strategy 1: The Mindset Shift (Emotion vs. Value) 05:10 - Strategy 2: The Value Proposition 06:09 - Strategy 3: Market Context & Positioning 07:45 - Strategy 4: Tiered Pricing (Originals vs. Prints) 09:33 - Download Your Free Pricing Cheat Sheet Link to full 7 Step Plan For Artistic Success Playlist: https://tinyurl.com/358dphv6 ______________________________________________________________ Download Your Free 7-Step Plan resource for older artists with prompts and checklists designed specifically for older artists: https://tinyurl.com/4fsaathx 1-2-1 Coaching With Simone: https://tinyurl.com/yupw3vb5 ______________________________________________________________ You are very welcome to my channel. I am an abstract artist and I help midlife and older artists by offering honest advice, creative motivation and encouragement to build a successful art business and live a more creative life with courage, confidence and success. ____________________________________________________________________ Items I use and recommend: Journal: https://tinyurl.com/ynw2cxht Jars for storing colours I mix: https://tinyurl.com/954dan3b Blue Paper: https://tinyurl.com/4y6hc9fp Palette (for stay wet): https://tinyurl.com/573uarcr Baking Paper (for stay wet palette): https://tinyurl.com/cnx7xc8m Foam Brushes: https://tinyurl.com/2wmnxcb2 Alum: https://tinyurl.com/49bezaw9 _____________________________________________________________ My recommended teachers and courses Artist Community: Alice Sheridan - Connected Artist (I am a member) https://www.soulrocketstudio.com/conn... Louise Fletcher - Art Tribe https://www.louisefletchercourses.com... Nicholas Wilton - Art2Life Academy https://www.art2life.com/art2life-aca... Art Courses: (I have personally done and paid for!) Nicholas Wilton - Creative Visionary Program. https://www.art2life.com/about-cvp/ Louise Fletcher- Find Your Joy https://www.louisefletchercourses.com... _____________________________________________________________ Follow Me on Instagram: /simonewoodsartist Connect With Me on LinkedIn: / simonewoodsartist Facebook: / simonewoodsartist Pinterest: https://www.pinterest.co.uk/simonelwo... _____________________________________________________________ Disclaimer: Some links in this description are affiliate links. If you purchase through them, I may earn a small commission — at no extra cost to you. I only recommend tools I personally use and trust. This channel is for educational and informational purposes only. Nothing shared is business, legal, or financial advice. Results depend entirely on your own efforts and execution. How this content was made Auto-dubbed Audio tracks for some languages were automatically generated. Learn more