WEEK 1

Part 1 (Optional for those with no idea). 

1) Calculate Your Fixed Costs/Month in Excel (*We get this data you might not want to share as H/W, and that's ok - we respect your privacy; use this for your own purposes.) 

2) Calculate Your Variable Costs For Your Commissions, Originals, and Prints in Excel (*We get this data you might not want to share as H/W, and that's ok - we respect your privacy; use this for your own purposes.) 

3) Come Up with An Ideal Profit/Month Number (*We would appreciate it if you could share this) 

Part 2: Review Which Art Business Models Might Work For You As Revenue Streams? 

1) Review the 5 questions in the PPT Slide and have a thought regarding your business model and estimate a rough percentage of how much energy you want to dedicate to each revenue stream (E.g. 50% Print on demand 50%. Commissions; 80% commissions 20% Print On Demand)

i) What’s your ideal lifestyle? Does your current lifestyle support your choice? Does your ideal lifestyle support your choice?

ii) Energetic Alignment. Does the choice of your business model “light you up” energetically? Does this choice bring you joy?

iii) Does your personality type support your choice of business model? If not, is it a skill you are eager to develop?

iv) Does your value system support your choice of business model?

v) Does your current budget/availability/existing customer list/existing art inventory support your choice of business model?

2) Ask ChatGPT 

Prompt 1: 

I am an artist: [link to website] or [insert brief intro about you]

 I am selling a [insert all offers & pricing range]

My ideal lifestyle is: [insert your ideal lifestyle]

Energetic Alignment: This artist gets his or her energy from [insert business related activities you feel energising doing]. He or she gets energy drained by [insert business related activities you feel energetically drained by]. 

My personality type is [insert your personality type ] 

My values are [Insert your value systems]

My monthly marketing budget is: [insert your available budget]

My goal is to generate [financial profit figure] in the next year.

Which offline and online art business models are likely to suit me the best? Rank from the ones I’m most likely to be good at and I’m most likely to get sales from.  

Below are some examples of such business models - Commissions B2B Partnerships (E.g. Brands, Interior designers, etc.), Originals, Print On Demand Prints Products, Workshops & Teachings, Art Fairs, Licensing, Gallery Representation

Optional (if you know the below)

This artist’s USP and ikigai are [insert USP and ikigai] 

This artist’s top customer avatars are [insert top 3 customer avatars] 

This artist’s risk tolerance level is [insert risk tolerance level] 

Follow up prompts: 

• Write a business plan for my business with the goal of [insert financial goal] in the next year. It should suit my lifestyle, energetic alignment, personality type, and other things I’ve previously mentioned  

• Act as [insert established artists/art dealers you admire + top 3 business leaders/brands you admire], rewrite the business plan. If you don’t have any ideas regarding this, check out this list here.