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6 ways to add revenue to your creative arts business

If you are in business, your goal should be to make money. Sure you have other goals that revolve around making a difference or sharing your art or building a legacy. I know that I do. Problem is that you can’t make as much of a difference if you aren’t making a profit in your business.

Making a profit is tied to increasing your revenue or decreasing your expenses or both. In truth you can only increase your revenue in three ways.

First, you can raise your prices.

Second, you can sell more to your current customers.

Third, you can find new customers.

This post focuses on six ways that you can increase your revenue. Some you may already be doing. Some you may have thought of and not tried yet. Some may be new to you.

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7 steps to build your creative arts business

 

Over the years I’ve worked with thousands of creatives. Some were private coaching clients, some came to my Creative Arts Business Summit, some belong to our ICAP Members’ Studio, some attended my classes and lectures, some learned from the magazines I published, and some learned from what I shared in this blog and online.

Regardless of how someone has learned from me, they were introduced to one or more elements of my CREATE! system. This system is how I grew my creative arts business. I go back to it again and again as my business changes.

C = Clarity

What’s clarity got to do with it? Clarity sets the foundation for your business. If you are not clear about where you want to go, what you want to make, who you are trying to serve, etc., you will just not be as successful as you could be. You don’t have to wait until you’re clear on everything to get started, just that as you become clearer and clearer your path becomes easier.

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How will you celebrate?

Do you regularly celebrate your accomplishments? I am not surprised if you don’t. Many entrepreneurs are so focused on what is next that they do not take the time to appreciate what they have accomplished. That is why most of my clients and students take time weekly to look at what they accomplished and celebrate that. It is part of their weekly Success and Strategies Summit.

The process

What exactly is the Success and Strategies Summit and how do you have one? It’s a process where you look back at your week, plan the next week, and celebrate your accomplishments.

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It starts with clarity

 

We recently welcomed a new group into our Members’ Studio. We have lots of resources all geared to help you build the creative business of your dreams.

I know that too many options can be overwhelming. What’s needed is clarity. It’s so easy to get bogged down with all the options. What if I do this? Or that?

Ever been there?

What do you need clarity on? When I work with some clients, that’s our first step. Clarity is really the foundation of success both in your business and your personal life. And, once you get clear, it doesn’t mean you always stay clear, unfortunately. I think it’s a continual path as you and your business grow.

You need to be clear on the direction you are going. What is your end goal? If you don’t know where you’re going, how will you know when you get there?

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Discover your why

Over in our Creative Passion to Profit Facebook Group we are hosting a challenge to help creatives increase their visibility and grow their businesses. On the first day I asked the members two questions. Why Do You Create? Why Did You Start Your Creative Business?

You’ll find a great deal of variety of answers. Some people were raised with creative parents; some were not. Some expressed their creativity from childhood; some put it on hold and it re-emerged as adults. Some started their businesses with purpose; some started accidentally. You will probably resonate with something someone wrote. You can read the responses or join in here.

Have you ever thought about what your why is? You know, why you do what you do? Why you are in the business you are? Why art or creativity chose you? And why you chose to make it important enough that it is your business?

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Is time managing you?

 

If you are like many people, you decided to get a better handle on your time this year. Some people call this time management. How is that working out for you?

Funny thing is that we all have the same 24 hours in the day. Some of us just do a better job of managing ourselves. We really can’t manage the time. Here are five tips to help you do that.

Know what your time is worth.

Your goal as a business owner is to turn your time into money, so I think you should know what your time is worth. Here’s an easy way to figure it out. What do you want to make this year from your creative arts business?

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Are you still excuse-ing?

 

Last weekend I met a good friend Mariellen for tea. She was still telling me that she was just about to get her new business launched, something I had heard for several years. I waited to hear her latest excuse.

Over the years I’d heard lots of reasons or excuses from Mariellen. She didn’t have the money. The time wasn’t right; she was too busy. She was afraid she’d fail at it. Her kids needed her. Her parents needed her. She needed new headshots, but she had to lose weight first. She couldn’t launch without the website being ready. The photos of her work weren’t good enough and she needed a new camera. She had just volunteered for a major project at the local art guild. She was clearly waiting for the stars to be aligned. Does that ever really happen?

Don’t get me wrong. I’ve been a master at excuses myself. At some point, thought, I decided the excuses were, well, just excuses. And, frankly, I got tired of them. And, I’m pretty sure people who heard them were bored with them. If I wanted to get anything accomplished, I needed to do something about it.

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Brunch with Brené

 

Yesterday I was lucky to attend a church service at the Washington National Cathedral where Brené Brown delivered the sermon. It was followed by a forum, a conversation between Bishop Mariann Edgar Budde and Brené. (I feel like I know her well enough to just use her first name!)

It was a magical experience from the setting to the content. I took lots of notes and want to share some of what I heard and learned.

We tend to hang around with people who believe like us.

Brené referred to this as sorting into bunkers. These people think like us, and they hate the same groups of people that we do. We don’t even necessarily know or like these people, but we have “common enemy intimacy.” That is not true belonging.

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Do you have good financial habits?

Many artisan entrepreneurs feel uncomfortable with the money side of their businesses. It’s not uncommon. You want to spend your time creating not thinking about numbers. Of course, you are in business, and your goal has to be to make money. If you don’t make money, you won’t be able to run your business. You won’t be able to grow your business. You won’t be able to share your art beyond your family and close friends. And, the world will be less because you aren’t sharing your art with a wider circle of people.

Now is a great time to put some good habits in place on the financial side. If you take these steps, you’ll reap rewards both personally and financially.

Understand your money story

We all come to our business with a story about money. It will have good elements, and it will have not so good elements. For example, your story might be, “I’ve just never been good at handling money.” Or it might be, “Other people deserve this financial success more than I do.” Or, ” Money just isn’t important to me.”

Take some time and journal about the stories that you have about money. The stories came to you honestly. They were what you heard as a young child, what you saw on television or the movies, and what your friends or spouse believe and share.

Once you understand where your money story came from, you can ask yourself if it’s true and if it serves you. Just because you came to them honestly, doesn’t mean they are true. They might just be an opinion, and a false one at that.

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Are you waiting to be qualified?

 

Do you have some business or personal dreams that are putting off because you think you need to know more before you move forward? Maybe you think you need another art course, or maybe you need that extra marketing course. Or, your website could be better, and you need to know how to do it. Or, your portfolio need to be better to enter that show. Or, you need to up your photography skills so you can take better shots of your work. Or, you don’t know as much as or are as skilled as someone else. Or…

Does that sound like you? I’ve been there. I’m someone who thrives on knowledge, and I’m always searching to learn more. And, it’s a good thing, except that it can put an obstacle in your path. It’s easy to look for the next course to build your knowledge or skill level instead of taking action, albeit imperfect action.

If you are waiting to feel qualified, stop. You are already qualified, and you just need to take the leap. Here are some tips to move you forward.

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