Tag Archives: how to run an art business

The Cost of Running an Art Business

~ by Maria Benner

A few months ago I wrote a blog post about sources of income from our art business, and today I’m going to let you know how much we spend to keep the business going.  Here’s a list of our business expenses from the last 30 days.

Advertising $29.98

Business Insurance $32.25

Commissions & Fees $289.4

Federal Tax $988

Health Insurance Premium $211

Materials & Supplies $1,279.95

Office Expenses $193.02

Other Business Expenses (this includes shipping costs, software fees, and the cost of custom stickers that we order from a manufacturer) $2,108.87

Parking $5.05

Studio Lease $550

Utilities $56.43

TOTAL $5,743.95

One of the major reasons we are able to live off of our income from the art business is because we try to keep our overhead low.  This last month was more expensive than normal due to taxes, several sticker orders, and stocking up on supplies before the summer rush.  Hopefully next month we’ll manage to keep our costs down.

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