These 8 art revenue streams make me $83,893/month

Summary

The speaker shares eight strategies for generating a full-time income through art, including running a polymer clay jewelry business with annual earnings of $150,000 to $180,000, selling personalized vintage map art with $508,000 in revenue, offering courses through Creative Hive with $414,000 in sales, and operating another jewelry shop, The Bright Jewel. Additional income streams include YouTube ad revenue, wholesale sales, acting, teaching on platforms like Creative Live, and speaking at conferences. The emphasis is on the viability of multiple income streams for creatives to achieve financial stability and pursue their passions.

Takeaways

• 🎨 The speaker makes a full-time income from their art, emphasizing that artists can be financially successful.
• 💍 They started a polymer clay food jewelry business called Tiny Hands in 2006, which generates $150,000 to $180,000 annually.
• 🛍️ Sales primarily come through their Shopify store rather than Etsy, contrary to common perceptions of online jewelry shops as hobbies.
• 📈 It took several years to establish a niche and understand the business aspects of art, highlighting the importance of persistence and learning.
• 🗺️ Another business venture involves selling personalized vintage map art, which made $508,000 in revenue in one year and is now managed by the speaker's husband.
• 📚 The speaker teaches courses through Creative Hive, sharing their business knowledge to help others grow their online stores, which made $414,000 in sales last year.
• 📈 Selling courses and coaching can be lucrative but is competitive and requires building trust and providing value to students.
• 💎 A third jewelry business, The Bright Jewel, sources components and assembles them, fulfilling a creative need and providing almost passive income.
• 📹 The speaker monetizes their YouTube channel, earning $700 to $1000 monthly from ads, demonstrating the potential of content creation.
• 📦 Wholesale is another income stream, selling products at a lower price to stores for resale, but it requires effort in finding the right retailers and managing relationships.
• 🎬 Acting is considered an art form and can provide income, though it's often not as lucrative as people think, and many actors have multiple jobs.
• 📊 The speaker also earns income through teaching on platforms like Creative Live and speaking at conferences, illustrating the concept of leveraged income.
• 🌐 Diversification of income streams is crucial for financial stability and reducing stress, and it takes time to build up each stream.
• 📈 The speaker is working on writing a book and considers affiliate marketing and sponsorships, though they prioritize community trust over monetary gain.

Q & A

What are the eight ways the speaker makes a full-time income with their art?

The speaker makes a full-time income through their polymer clay food jewelry business, personalized vintage map art shop, selling courses via Creative Hive, another jewelry shop called The Bright Jewel, monetization of their YouTube channel, wholesale of their polymer clay jewelry, acting, teaching on platforms like Creative Live, and investing in funds like Betterment.

How much revenue does the speaker typically generate from their polymer clay food jewelry business?

The speaker typically generates between $150,000 to $180,000 per year from their polymer clay food jewelry business.

What platforms are used by the speaker to sell their polymer clay jewelry?

The speaker uses their Shopify store and Etsy to sell their polymer clay jewelry, with most of the sales coming from their Shopify store.

What was the speaker's initial focus when starting their creative endeavor?

Initially, the speaker did not have a specific focus or niche. They made a variety of items including handbound journals, beaded jewelry, and various polymer clay creations before honing in on food-themed, scented items.

How did the speaker's business evolve from its inception to a more structured business model?

The business evolved from making various items under the Tiny Hands name to focusing on a niche product, learning about business and marketing, and eventually building a team to handle orders, customer service, and marketing.

What is the significance of the speaker's personalized vintage map art shop in their overall income?

The personalized vintage map art shop is significant as it generated $508,000 in revenue in one year and is now managed by the speaker's husband.

How did the speaker's husband become involved in the personalized vintage map art business?

The speaker's husband became involved after quitting his job to develop a video game. Initially resistant to freelancing, he was taught by the speaker how to start and manage an online shop, eventually taking over the business operations.

What is the name of the speaker's coaching business and what does it focus on?

The coaching business is called Creative Hive, and it focuses on teaching others what the speaker has learned from their own businesses to help creatives start and grow their own online stores.

What is the speaker's perspective on selling courses and coaching as an income stream?

The speaker views selling courses and coaching as lucrative but highly competitive. It requires trust building and a genuine love for teaching and helping others to be successful in the long term.

How much revenue did the speaker's coaching business, Creative Hive, generate in the last year?

The coaching business, Creative Hive, generated $414,000 in sales in the last year, primarily from selling a program called the A Sale A Day Business System.

What is the speaker's view on having multiple income streams and part-time jobs alongside creative work?

The speaker supports having multiple income streams and part-time jobs, stating that there is no shame in it. They believe it allows for less pressure and a more stable income while focusing on creative work.

How does the speaker's additional jewelry shop, The Bright Jewel, contribute to their income?

The Bright Jewel contributes a smaller portion of income compared to other businesses, having made several thousand dollars so far. However, it requires minimal attention, making the income almost passive.

What is the speaker's experience with monetizing their YouTube channel?

The speaker started monetizing their YouTube channel recently and regret not doing it sooner. They feared it would upset subscribers, but found that most were understanding. The channel now generates a consistent $700 to $1000 a month in ad revenue.

How does the speaker's involvement in acting contribute to their income?

Acting contributes to the speaker's income through earnings from commercials, TV show work, and residuals, which are payments received when shows are rerun. The speaker has made over $50,000 since 2017 from acting.

What is the speaker's view on leveraging income through one-time work that generates recurring payments?

The speaker views this as a form of leveraged income, where work done once can generate payments over time, as seen with acting and teaching on platforms like Creative Live.

What advice does the speaker give regarding pursuing multiple income streams and having a part-time job?

The speaker advises that there is no shame in having multiple income streams or a part-time job. They believe it allows for less pressure and a more stable income while focusing on creative work.