[Ask TBM] How to Turn Your Art Into a Business
We asked three young artists about how they balance their personal style and client requests, price their artworks and turn their art into a business.
The arts are truly a lucrative business and with it come many opportunities to earn money. According to data from the Creative Economy Outlook released by the United Nations Conference on Trade and Development (UNCTAD) last 2018, creative businesses like crafts, film, new media, and design account for $3.23 million (around PHP176.29 million) in the country’s exports. Meanwhile, creative businesses account for $915 million (around PHP499.41 billion) in services!
With that being said, it's no surprise that many artists have chosen to earn from their craft. However, the business side of art may be intimidating for young artists, especially those who do not know how to go about it.
How should an artist price an artwork? How should personal style and client requests be balanced? These are just some of the questions we asked three young artists: visual artist Faye Pamintuan; visual artist, printmaker, and art educator Gabi Nazareno; and painter, printmaker, and draftsman KR Rodgers.
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