 Well hi and welcome to today's short video. Today I'm going to give you a five minute plan for your art business. I bet that you either know that you need a business plan or you've started one and never really completed it because quite honestly it seemed like a really large, onerous task and you thought to yourself I don't need that, I just need to forge forwards and I'll work it all out as I go along. If you'd like something a bit more in-depth then check out this video for the seven simple steps that artists business plan for 2022 or quite honestly any year whenever you're watching this because that really takes you through the steps that you need for a complete business plan but today I want to give you something that you could just put together in just a few simple minutes. Well hello and welcome or welcome back to my channel my name's Sophie and I love to help artists set up and grow a successful profitable business doing what they love. Now if that's you then you're in the right place because this channel delivers all things art business and mindset business related as well. So don't forget to subscribe to the channel and hit that bell to get notified every time I post a new video. Alright so I hope you have got a notebook and some pens or even just a pen. I do love my multicolored pens for making notes. Grab yourself a notebook and pen and let's just go through five simple questions and you can answer each of these questions in one minute and you have something to start out with. Alright are you ready? Question one how much money do you want to make in the next 12 months? Pretty simple right? I always when I'm teaching I use the example of $24,000 because it's divisible many things and it makes my maths pretty simple. So you might say $24,000, $48, $50, $100, whatever it is write it down. Alright so we've got a head. Question number two what's the average price point of your artwork or your art services? So you might say okay I've got artwork priced from I don't know $100 to $5,000 so I'm gonna say it's $2,000, $2,500 write it down and we're moving on we're doing well. Alright question number three if you just sold that one price point item how many would you need to sell in order to hit your annual target? You see where I'm going with this. Alright so you take that annual target you divide it by that average price if it's $2,000 or $2,500 gives you a number. Question number four a little bit more complicated but I think you can do it and I am confident you can write the basics down in one minute. Who are your target audience? Now if you really are a total beginner and you're like Sophie I haven't got a clue check out this video here because it gives you a bit of a starter into who exactly your target audience are but for the moment even if you just wrote down typically females age between this this age and this age living in this place who love the following things what's important to them you can have a have a stab in a minute I promise you and if you've only taken a few seconds to answer those other questions you have a little bit of bonus time for question number four right. Question number five how will you get your artwork in front of them what do we mean by that marketing you might say okay primarily I'm gonna do videos on YouTube primarily I'm gonna pin on Pinterest primarily I'm gonna do PR and get in like lots of local magazines you know you just gonna write down the core things that you're gonna do to get your work or services in front of that audience now like I said that is a really basic plan but that's really what's underneath a business plan that's the core fundamentals that's give you some money that gives you some idea of who your audience is what you're selling price point so if you if you've never done a business plan before and you'd like to do my five-minute challenge please let me know you're doing it in the comments below and say okay put a timer on get your notebook out get a pen just go through those questions and make it really easy don't overthink it just say okay it's this amount of money this is the average price point of what I'm gonna charge therefore I need to sell this many these are the ideal people that I'm gonna do it and I'm gonna do it via this strategy and it gives you something to work with like I say it doesn't give you everything but it gives you a starting point if you'd like a little bit more help with this journey towards making a living from your art then you'll want to grab my free download there's a link below here the 10 things you need to be doing to make a living from your art and you're gonna be not surprised at one of those things all right you'll be saying ah okay I think I've heard so if you mentioned this before if you're also thinking about well okay part of this is I'm not really sure how to price my artwork either and you also want to make sure to get registered on my brand new free masterclass the foolproof formula to pricing your artwork grab yourself a seat on that and even if you can't make the live dates register for one of them anyway because you will get the replay okay so I hope you've enjoyed this video and I hope you're up for the challenge like I say let me know if you're doing it or you've done it in the comments below and I'll see you on another video