272. Multiple Art Revenue Streams - 101

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 artworkWood burningIllustrate children's booksDesign logosPet portraitsCreate art for gamesArt Prints and Products:2. Prints - digital or paper/canvas/metal/wood. Sell those prints via Etsy, a dropshipping service, etc.Print of the Month clubArt subscription boxCreate patterns for fabrics like wallpaperSell art supplies on AmazonSell images on stock sites like ShutterstockSell art on eBaySell local souvenirsThrift store art3. Digital Presence and Content Creation:Start a podcast (with ads)Blog (with affiliate links)(E-) MagazineGo live online creating commissioned-based art for tips (TikTok, IG, Twitch)Social media influencerContent creator on YouTubeCreate a course/membership4. Art Exhibition and Events:Art showsGalleriesStreet vendingParticipate in art competitionsPaint and sip nightsWhite wall paintingDecorative finishingStorefrontLive art at events5. Art-Related Services:Help other artists with digital mockupsEdit photo/video (train a VA to do it for you)Art TherapistTattoo ArtistGive Art LessonsI’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.coAnd here's the link to episode 199. Wallpapers & Textiles with Peacoquette