Home Forums The Art Business Center General Art Business How should an Art Market be defined?

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  • #476819
    Vox Artem
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        I am looking to take the next step, with my Art, and start selling such works online. Primarily, via my own Website.

        Before committing to such a transition, I would like to perform actionable Market Research that will help ensure I not only invest my time efficiently but help me to position my artwork in terms of pricing.

        In order for me to conduct the relevant Market Research, I am going to need to know what Market I am in. Something of which I am struggling with, where I am hoping I could start such a discussion here.

        My Art style is predominately Semi-realistic, where typical subjects include:

          Natural Disasters;
          Castles;
          Animals;
          Cars & Bikes.

        With the above in mind, together with the fact that my Artwork will be focused on being promoted online, how would I go about coining the Market I wish to participate in? Would my Market simply be named after the subject? For example ‘Castle Art Market’ or would I look to expand the Market to ‘Semi-realism Market’? Therefore, eliminating the subject of the art completely? Also, how would the nature of being solely online affect the naming of the market? Would I simply refer to the market as ‘Online Castle Market’ or ‘Online semi-realistic art market’ etc?

        Ultimately, is there a right and wrong approach or is it a case of whichever someone would feel they would like to break up a market?

        #866811
        blondheim12
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            You have very diverse subjects. This will be harder to create a market. Perhaps start with two instead of four? I can see that cars and bikes might be a good start. There will be a good market in the classic car genre and motorcycles. I say this because you will have marketing opportunities from classic car shows and the interest in that genre. Most of the interested in this market have disposable income which will help you sell. You could also include airplanes, choppers, and the space industry, widening your market well for this genre.

            Animals is very competitive and crowded with artists. It will be harder to establish yourself, due to the competitive nature of this popular subject.

            The castles market is highly niched with fairs and festivals for the Middle Ages being popular but with how many buyers?

            Best of luck.

            Linda Blondheim Art
            http://www.lindablondheim.com
            Blondheim Art and Stories
            http://www.blondheimartandstories.com

            #866814
            Vox Artem
            Default

                Thank you ever so much for your response.

                Are you saying that a Market Definition should be focused on the Subject rather than style? Therefore ‘Castle Prints’ rather than ‘Semi-Realistic Art’ for example or is it a matter of preference as to how someone would prefer to break up a market?

                I am just having a hard time in that initial step towards Market Analysis as well as establishing whether each Subject, I wish to market within, should be treated as its own separate Market or part of a wider Market.

                You mention an offline marketing opportunity, which I think is a good idea. That said, would ‘Online’ and the more traditional ‘Offline’ platforms be considered as Markets or should they be referred to as ‘Distribution Channels’. For example, would ‘Online Castle Prints’ and ‘Offline Castle Prints’ be treated as to completely separate markets or merged into one ‘Castle Prints’ with ‘Online’ and ‘Offline’ being treated as distribution channels?

                I hope I make sense here and thank you again for your time and response.

                #866812

                I don’t see why you need to stick with only one. It’s the internet, so why not market to many different audiences?

                I would take “online” out of the mix, since you’re online. That is a given.

                Being more general in order to include all your subject matter, is okay: semi-realism. Then you can also market with specificity by subject matter, but you don’t have to. Maybe you want to go by medium or hone down the style better. Are they oil paintings?

                On your website, you can make categories for the various subjects so your users can see your work in a consistent context with each other. Your focus is to get people who are interested in semi-realistic art in the style you paint to your website, then making sure the SEO on your site have the right keywords. That way, when someone is searching out specific things like natural disasters or castles, your site pages will appear in Google.

                That’s just my opinion and I hope that helps a little.

                #866815
                Vox Artem
                Default

                    Artyczar …

                    Thank you for your input.

                    It is not really the marketing strategies I am currently focused on. I am competent in the various online marketing channels, such as SEM, SEO, PPC and Social Media etc. It is more of a case of understanding the best way in which to define a market. Is there some kind of ‘rule of thumb’ or ‘criteria’ etc.

                    Upon defining such a market, I would like to then be able to establish information such as; Market Size, Competitors and Market Positioning for the purpose of pricing etc.

                    If someone was to ask me ‘What Market am I in?’, what would be the area to focus on? For example:

                    1. Medieval Print Market: Focus on Subject?
                    2. Online Reproduction Art: Focus on Art Type and signify whether the Art will participate Online or Offline;
                    3. Semi-realism Medieval Art: Focus on Style and Subject.

                    As previous stated, I am unsure as to refer to ‘Online’ as a Market or a Channel. The reason for such uncertainty, being down to the fact that Online and Offline Market Sizes will likely be different as well as consumer behaviour likely to vary.

                    I guess I am trying to figure out whether there is a right way or whether it depends on how one would like to define and segment a market?

                    #866813

                    NICHE

                    A niche is a very targeted part of the art industry that focuses on specialisation. It is very specific, but has a lower volume of people involved; therefore giving you a smaller set of competitors and higher chances of converting sales.

                    Here’s an example: If you’re a watercolour artist whose forte is in painting landscapes and seascapes, then it would be easier to target an audience interested in that subject matter, rather than competing with a whole world of watercolour artists. With this, you can focus on developing your techniques and how to sell art. Focusing on this will certainly gain you more traffic in the long haul!

                    MARKET RESEARCH

                    This entails educating yourself by reading up articles that discuss how to gain exposure as a visual artist, how to identify your target market, and put these steps into action. You can experiment which works of yours are well-received, and which ones do not get much attention. Everything is a learning process, so it is good to note down all your observations and keep it for future use. Note down the people who engage with your work on social media, inquire through galleries, and send you direct messages or emails. Converse with them and understand what they like about your style, what sets your work apart, etc.

                    Moreover, identify what types of artworks are strong in the art market at present, and how you can incorporate your own style in this. Do not get pressured or sacrifice your style for marketability. You should always find a balance. After all, your uniqueness as an artist is what makes you, YOU. This article about selling your art as a professional can help you deal with this problem more thoroughly :)

                    #866816
                    Vox Artem
                    Default

                        reginareyesart …

                        Thanks for your insight.

                        Before I look into Niches and Target Markets etc, I would like to identify potential Market Sizes. This is where I am stuck. I am not sure what constitutes a Market that I would base the size on.

                        Do I stick with broad terms, such as:

                        1. Art Market;
                        2. Reproduction Print Market.

                        Maybe focus on style or medium, such as:

                        1. Semi-realism Market;
                        2. Abstract Market;
                        3. Watercolour Market.

                        What about a Market based on a period, such as:

                        1. Medieval Market;
                        2. Modern Art Market.

                        Or maybe a hybrid, such as:

                        1. Semi-realistic Watercolour Market;
                        2. Realistic Floral Art Market.

                        In simple terms, I would like to gain an understanding of what constitutes a Market, so I can begin researching market sizes.

                        I would go ahead and create my own definitions but concerned that I may run into problems later on in the process.

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