272. Multiple Art Revenue Streams - 101

Artist Academy

They say that every millionaire has 7 different streams of revenue. To me, that both sounds smart and exhausting. Today, let's chat about the different ways we can bring money in by specializing in different areas within the art niche.
There are SO MANY possibilities when it comes to making money as an artist. Check out a list of some of the options below:
But as you're considering each option, ask yourself these questions:
1. What area am I curious about enough to do a DEEP dive into?
2. What thing would I not mind talking about or sharing on social media every single day?
3. What thing would I not mind doing for free for the first year to get some traction going?
4. Do I want to do these things MORE than my current job?
Art Revenue Options:
1. Commissioned Artwork:
Be a commissioned based artist - murals, canvases, digital artwork
Wood burning
Illustrate children's books
Design logos
Pet portraits
Create art for games
Art Prints and Products:
2. Prints - digital or paper/canvas/metal/wood. Sell those prints via Etsy, a dropshipping service, etc.
Print of the Month club
Art subscription box
Create patterns for fabrics like wallpaper
Sell art supplies on Amazon
Sell images on stock sites like Shutterstock
Sell art on eBay
Sell local souvenirs
Thrift store art
3. Digital Presence and Content Creation:
Start a podcast (with ads)
Blog (with affiliate links)
(E-) Magazine
Go live online creating commissioned-based art for tips (TikTok, IG, Twitch)
Social media influencer
Content creator on YouTube
Create a course/membership
4. Art Exhibition and Events:
Art shows
Galleries
Street vending
Participate in art competitions
Paint and sip nights
White wall painting
Decorative finishing
Storefront
Live art at events
5. Art-Related Services:
Help other artists with digital mockups
Edit photo/video (train a VA to do it for you)
Art Therapist
Tattoo Artist
Give Art Lessons
I’m currently spread pretty thin with having a podcast, membership group, mural business, print business (I cut that out recently), 1 on 1 coaching, a book, all on top of my newest journey of being a new mom. I can’t imagine adding another thing right now, which keeps me from chasing the new fun thing (Instagram’s new Threads app for instance).
My biggest tip for adding another revenue stream: Have your current one on autopilot before diving into something new. Meaning, it should be relatively easy to keep your current bread-and-butter business afloat. Because the new fun project will take your attention away from the old one. It’s like starting a new business every time, only slightly easier than the first, but a new business nonetheless.
Listen to today’s episode of the Artist Academy Podcast for a deeper dive into this subject, including my own personal experience with adding and subtracting profitable projects.
www.ArtistAcademy.co
And here's the link to episode 199. Wallpapers & Textiles with Peacoquette