Today we’re going to show you how to open and run your own art gallery. All right so you want to make some money too, then you have to start taking some money from the artists that you sell their work. You have to say, okay you sold this for five hundred, I’m going to take X amount, I take fifty, I take fifty because that’s what I want, I know how much artwork I can see and I know I want half of it, because it’s a lot of work to sell artwork. You can also take twenty-five percent, which I know of cooperative galleries that do that and it’s less about having a show and more about showing the communities artwork. You can also take thirty or forty, or fifty or sixty, I take fifty again and it really doesn’t matter, you have to set it, you have to have it in the contract that the artists signs and there are other ways to make money.
I make a profit by sometimes having hang fees, hang fees are, you charge a certain amount per foot or per square foot or whatever and the artist pays you to put their piece in the show, that covers some of your overhead. It’s very important to have at least a drizzle of income because your sales might not come that frequently but if you have regular monthly hang fee income that takes a lot of the pressure off. You can raise it, you can lower it, you can change it, for instance I did this show for free, no hang fees, it’s up to you, just make sure that you have some money coming in all the time and that’s the way you’ll take your hair and keep it in your head.
There is another way to start your art gallery fast even you are a beginner and have no experience at all, which is let other people do all the work for you or use dropshipping art which is a free service provided by China’s largest art wholesaler.
Wish you success.