Prints are a sales magnet.
@Molly Renner wrote that she painted one-of-a-kind oils and wasn't interested in making prints. This was my reply, " Yes, your artwork is one-of-a-kind, and you don't make prints, but not everyone who loves your work can afford it, plus there is a real limit to how many pieces you can produce. If you have some prints or small limited editions, you're appealing to a much larger group, and, most importantly, your work ends up being seen by a vastly bigger audience. Prints are a sales magnet. I can tell you from personal experience that artists who offer prints make much, much more money than those who don't. Take Thomas Kinkade, one of my least favorite artists in the world. His limited editions sold in the millions, and he made millions in the process. I still can't figure out why!
Wouldn't you rather sell a box of greeting cards with your images than give out 'pretty business cards', most of which get thrown in the trash? Think about it."
The business side of having prints
Let's say, for example, that your original works sell for $2,000, and you also have limited-edition prints that you will sell for between $100 and $200 each (5%-10% of the price of an original). Each limited edition is 100 pieces. If you sell out the entire edition, you'll make $10,000 to $20,000 from that edition. Lots of people can splash out $100-$200 on a print. You only have to print one of each and put that on display. Then you take orders and print on demand, so you haven't risked much at all, but your potential revenue is massively greater. Having limited editions also makes the originals more desirable and more valuable.
Do you remember Bev Dolittle? She painted camouflage pieces of Indians with ponies that merged perfectly with the background. She did one 'open edition' where orders had to be placed by a certain date. I'm not sure of the exact numbers or price point, but I do know they printed around 250,000 of them, and they weren't that cheap. By the time she did that, she was not only famous but also had an astronomical collector base.
Just sayin!
#artsales
