💚 I LOVE YOU&nbsp;💚

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Friday, March 22, 2024

Where To Start a Creative Art Business

Brightscapes: The Way To Beauty

I didn't know how to start an art business. Or even where to begin. At my "real jobs," I did have experience with creating and implementing programs. So, I began with a very simple business plan that was only a few pages long. Almost every assumption, plan and idea didn't end up working except for one tiny detail. It said, "Create as much as possible."

Seems obvious, right? But, this is where I see many of my colleagues fail. Why do we need to keep making new pieces? Because we can only sell what is available to purchase. And when I worked a very brief stint at a very successful retailer, I learned they only sell 10% of their inventory. This means, if you want to earn $10,000, you should plan to have $100,000 worth of art to sell. Whis means we need to know how many pieces we can make in a week, month, and year. This is where business begins.

It can seem daunting, but we all have to start somewhere. My business started with $50 of supplies, 10 paintings, and a very inaccurate business plan. It was a humble start full of experimentation, trial-and-error, mistakes, surprise victories, and so much more. I was constantly learning. I'm still learning. But, the biggest lesson for me is still "create as much as possible."

🌞😎🌳 BRING SPRING ART FESTIVAL 🌳😎🌞

Who's ready for Spring? We can open our windows and redecorate our homes. And enjoy the happiness of the warm sun

ARTS o’ MAGAZINE:

💣 Does It Matter? 💣:

https://medium.com/arts-o-magazine/does-it-matter-71218e31b858?sk=69bc8bb5e6e85776700c19bcb13bf552

For more information or custom order, please visit:

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Reddit: https://www.reddit.com/user/BrightscapesArt/

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Thursday, December 21, 2023

Alternative Investments Went On a Wild Ride During the Pandemic

Alternative Investments Went On a Wild Ride During the Pandemic

LISTEN AT: https://www.marketplace.org/2023/12/19/alternative-investments-went-on-a-wild-ride-during-the-pandemic/

Justin Ho https://www.marketplace.org/author/justin-ho/

About 13 years ago, Nate Tobik was helping his parents move out of their old house. He and his wife were about to have their first kid, so he pulled some of his old Lego sets out of the attic. Over the next few years, Tobik and his family started putting those sets together.

“[We] started to look up missing pieces on eBay, and realized these things were going for a lot of money,” Tobik said.

Some of them were going for hundreds of dollars. Tobik said he saw a Lego train set with a crane on it that was going for over $1,000. He started buying up cheap Lego sets from local garage sales and thrift stores, and he’d sell them online — typically for double what he paid, at minimum.

But then, the pandemic happened, and a lot of people started selling their old Legos.

“I think it was people who were sitting around at home, started to look at what they had in the attic, and they said, ‘Wow, maybe I can do this, too,'” Tobik said.

People also realized how valuable their Legos were, and as they saw prices go up, they started selling their Legos for more, too. Suddenly, Tobik’s buy-low and sell-high investment strategy no longer worked.

“We couldn’t find anything at a deep enough discount to where we could sell it again, and lock in a profit,” Tobik said.

The same thing happened with the fantasy card game Magic: The Gathering, which has a strong secondary market for individual cards.

Seth Robertson has been playing the game for years, and he’d often buy up one or two extra boxes of cards hoping they’d appreciate in value. When the pandemic hit, card values skyrocketed.

“I remember seeing cards worth dollars going up to tens of dollars,” Robertson said. “It’s like the penny stocks of the collectible world.”

Robertson said that was great for anyone like him, who already owned lots of cards. But it wasn’t great for anyone who wanted to build up a deck to actually play the game.

“You don’t want every card you need for a 60-card deck costing tens of dollars, because people don’t have $500 to $1,000 to throw at a deck,” Robertson said. “That’s kind of crazy.”

Then, last year, Hasbro, the company that makes Magic cards, released more cards than usual. Later that year, a report from Bank of America accused Hasbro of overproducing cards, and diluting their value on the secondary market.

Robertson said he noticed.

“The cards that I bought mid to late pandemic have all come down in value,” Robertson said.

Hasbro didn’t comment for this story, but the company has denied over-printing cards. Hasbro has said it simply prints enough to meet demand.

Robertson said he’s no longer buying those extra boxes of cards as an investment.

“I’ve started to question that purchase because I know that that box is most likely not going to appreciate in value, and if anything, just decline the second I buy it,” Robertson said.

The pandemic also created some opportunities for people to pile in to other types of investments.

“If you’re interested in artwork, it’s the time to buy right now,” said Mike Kraus, an artist in Rochester, New York who’s been investing in art for around 25 years.

Kraus said galleries and art fairs basically shut down when the pandemic started, and many have struggled ever since. That’s meant that a lot of art just isn’t selling.

“There’s a glut of artwork to be had,” Kraus said. “I’ve been able to buy some pieces at very reasonable rates.”

Kraus said he typically spends between $100 to $500 on a piece of art. He said he’s bought anywhere between one and two hundred pieces over the last couple years, including drawings, paintings, jewelry and clothing.

Kraus said some of them will probably appreciate in value. But not all of them.

“If you group them up, build up a collection, it’s almost more like a mutual fund in that way,” Kraus said. “You spread the risk over all the pieces.”

But unlike a mutual fund, this is art we’re talking about. Kraus has to find a place to store it. But he said that’s a feature, not a bug.

“That’s the best part about it,” Kraus said. “I’m not looking at a ticker number. It’s on my wall. I get to see it, other people get to enjoy it.”

Kraus said he plans on holding on to most of his art for at least 10 years. If he doesn’t sell it, it’ll be a nice nest egg to pass on.

LISTEN AT: https://www.marketplace.org/2023/12/19/alternative-investments-went-on-a-wild-ride-during-the-pandemic/

Friday, August 11, 2023

Brushstrokes & Transformation: An Interview With Mike Kraus

In this interview with Mike Kraus, we delve into the captivating journey of an artist whose work serves as both a canvas of color and a canvas of values — honesty, kindness, and fairness. From his formative years in Muskegon, Michigan, Mike’s artistic voyage has been a dynamic exploration of the intricate interplay between the external world and his inner creativity. Continue Reading at: https://medium.com/arts-o-magazine/mike-krause-9dd86995d76c

ARTS o’ MAGAZINE:

Culture of Positivity

https://medium.com/p/4d7f0a74e179

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Monday, February 6, 2023

💚 I LOVE YOU! 💚

Brightscapes: The Way To Beauty

💚 I LOVE YOU 💚

Love isn't just for romantic couples. It's for all of us: friends, neighbors, cousins, parents, etc. Recently, I joined a Kindness Challenge and it taught me so much. That love is a skill and capacity we can improve. And our endearment must come before careers, status, and wealth. Only through love can we fill the void of anxiety and loneliness.

Valentine's Day is all about friendship. The bond of kindness, respect, and sharing a good laugh with each other.

I'm so fortunate for your support. Side-by-side; anything is possible.

Your Friend,
Mike Kraus
MikeKrausArt.etsy.com

PS - Try the Kindness Challenge at:
https://www.facebook.com/groups/gratefulworkshop/permalink/556554496492524

HAPPY VALENTINE'S DAY!

For more information or custom order, please visit:

Store: MikeKrausArt.etsy.com

https://www.facebook.com/groups/gratefulworkshop

LinkedIn: www.linkedin.com/in/mkraus

Sunday, January 1, 2023

HAPPY NEW YEAR!

Brightscapes: The Way To Beauty

HAPPY NEW YEAR

We've accomplished so much together in 2022. And that's a great reason to celebrate. It's good to acknowledge all we've learned from our obstacles too. These stumbling blocks are opportunities for growth in 2023. I expect it to be a great adventure for us.

Thank you for being you. I'm so grateful to have you in my life.

Your Friend,
Mike Kraus
MikeKrausArt.etsy.com

PS - Join us for HELLO 2023! A 21-Day Happiness Challenge. We'll start by saying "hi" to each other, tell stories, build relationships, and (most of all) have fun.

Mike Kraus was born on the industrial shoreline of Muskegon, Michigan. After earning his Fine Arts Degree from The School of the Art Institute of Chicago, he attended Grand Valley State University for his graduate degree. From there, he gained varied experiences from the Chicago Architecture Foundation, Art Institute of Chicago, Hauenstein Center For Presidential Studies, Lollypop Farm Humane Society, and the Children's Memorial Foundation. And every place he worked, he had his sketchbook with him and found ways to be actively creative. In 2014, Kraus became a full-time artist by establishing Mike Kraus Art. Since then, he has sold thousands of paintings that are displayed in nearly every state and dozens of countries. Currently, Kraus lives in Rochester, New York with his beautiful wife and goofy dog.

For more information or custom order, please visit:

Store: MikeKrausArt.etsy.com