Make Art, Make Money : Income Streams for Creatives | Shivani Patel | Skillshare
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Make Art, Make Money : Income Streams for Creatives

teacher avatar Shivani Patel, Gouache Artist | Creative Entrepreneur

Watch this class and thousands more

Get unlimited access to every class
Taught by industry leaders & working professionals
Topics include illustration, design, photography, and more

Watch this class and thousands more

Get unlimited access to every class
Taught by industry leaders & working professionals
Topics include illustration, design, photography, and more

Lessons in This Class

    • 1.

      What to Expect

      1:56

    • 2.

      Your Revenue Pie

      2:29

    • 3.

      The Myth of the Starving Artist

      2:16

    • 4.

      Active Vs Passive Income

      3:36

    • 5.

      Monetise Your Art

      5:54

    • 6.

      Monetise Your Skillset

      4:07

    • 7.

      Monetise Your Content

      3:17

    • 8.

      Digital Product Ideas

      3:57

    • 9.

      Pricing Your Offers

      2:10

    • 10.

      Pick the Right Income Streams for YOU

      2:53

    • 11.

      Class Project : Create Your Revenue Pie

      3:58

    • 12.

      Learn from me 1 on 1

      1:10

    • 13.

      Summing Up

      1:51

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About This Class

Welcome to Make Art, Make Money : Income Streams for Creatives! I’m thankful to live in an age where ‘starving artist’ is just a myth. Today, there are 100s of potential ways that you could make money from your art. Some of them involve monetising your artwork, some involve monetising your skillset. Some are active, some are passive.

Download the class workbook here : https://shivani.myflodesk.com/income-streams

If all of those terms are confusing you, don’t fret. You’re exactly where you need to be. Through this class, we’ll discuss all the options that exist for you to start making money from your art. The options are pretty endless - right from selling your art itself, to surface design, to licensing, creating digital products, selling courses, selling products like stickers and notebooks - it can all get very confusing! But there’s no one path that’s going to work for every single artist. Each of us is unique in our skills, our personality, our audience and their needs. This class is going to help you understand all of that so you can build an art career with income streams that work for YOU. 

I’m a Gouache Artist and Surface Pattern Designer based in India. I love painting birds, butterflies and just about everything else in the natural world. I started my art journey as a hobbyist in 2020. It then became a side hustle, and today it is my core business.

Whether you just want to make a side income from your art, or you want to take it up full time, this class is going to give you the tools to start thinking about it in the right way. Keep a notebook handy, because I’m going to be sharing a lot of useful info that is going to help you carve out a path that works best for your unique situation and skillset. 

Useful Links :

Materials you’d need :

  • A notebook and pen
  • Laptop

Who am I?
My name is Shivani and I am an artist, art educator and creative entrepreneur. I’ve had a paintbrush in my hand since I was a kid, and over the last few years I have been consistently developing my art practice, with gouache being my favourite medium to work with! My favourite subjects to paint include all things nature - including plants, birds and butterflies.  

You can check out my work on the below links :

Meet Your Teacher

Teacher Profile Image

Shivani Patel

Gouache Artist | Creative Entrepreneur

Top Teacher

I'm a gouache and watercolour artist, Colour Mixing Geek, Creative Entrepreneur and surface pattern designer. I love teaching young artists to fall in love with both colour and gouache, and helping them turn their art practice into a thriving business.

I am heavily inspired by the natural world and that comes through in my paintings of birds, butterlies, flowers and wildlife. When I'm not painting and working on my art business, I enjoy spending time outdoors and birdwatching.

That is my fuel.

I am also an art educator, and share loads of content about gouache and running a creative business on... See full profile

Level: Beginner

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Transcripts

1. What to Expect: Hi, there and welcome into this class. My name is Shivani and I'm a gouache artist, surface pattern designer and creative entrepreneur based in the sunny City of Chennai in the South of India. My journey with creative businesses started when I graduated from design school. Post that I started a sustainable lifestyle accessories brand called Arture. And over the last three years, I've developed my own art business. Over these three years, I've recognized the value of having multiple different streams of income in my art business. My art business is held by two core foundations, one is my art itself, and the second is my content. These two form the basis of the different offers that I'm able to monetize with my audience. I've realized that the term starving artist is just a myth, and nowadays, there are hundreds of ways that we can monetize as artists. So in this class, I'm going to take you through all of that. We're going to understand the differences between active and passive sources of income. We're then going to discuss how you can monetize your art itself, your skills, and the content that you create in your art business. And at the end of this class, you'll have a clear plan for the different income streams that would be the perfect fit for you and your unique skills. Whether you're an artist who's just starting to monetize your work or you're somebody who's been doing it for a while and you're looking to explore a few new sources of income, then this class is perfect for you. Let's jump into the next lesson where we're going to talk about the class project. 2. Your Revenue Pie: In the description below, you're going to find the link to download the class workbook. You'll also find it in the resources section of this class. Your task today is going to be to fill out that workbook to the best of your abilities. You don't need to worry because through the lessons in this class, I'm going to teach you everything that you need to know about income streams and how you can monetize. All you need to do is think about each lesson as you complete it and fill out your ideas in the workbook. You can either print the workbook and fill it with a pen or pencil or you can fill it digitally. That's completely up to you. At the end of the workbook, there's a space for you to create a revenue pie, and that's going to be the final project. This revenue pie is going to give you some direction as you start to work towards your art business goals. It's going to tell you what your targets are in terms of the different income streams that you want to create and what percentage of your revenue is going to come from each of those streams. As you go through this class, there's one important thing that I want you to keep in mind. Your art business is very fluid. What I mean by that is as time passes, and as you actually start implementing your ideas, things are going to change. That's a very natural part of the process. Just because you put something down into your plan in the workbook today doesn't mean that it's set in stone. You have the freedom to continue to take decisions that are right for you as and when you need to. As time passes, and as you continue to work on your art business, it's completely natural for your revenue pie to change as well. Maybe today you feel that teaching is going to form 25% of your income. But as time passes, maybe you realize that you really enjoy teaching and you'd like to do more of it. So maybe two years down the line, teaching is going to form 75% of your revenue. That's totally fine. You can always change your plan based on the changing needs of your business. For now, I want you to not overthink it and just fill out the workbook based on your ideas as they are today. In the next lesson, let's talk about the myth of the starving artist. 3. The Myth of the Starving Artist: So let's talk about the myth of the starving artist. While that might have been the case many years ago, today, it really doesn't have to be the case. You can absolutely make money as an artist. You just need to understand what options exist for you and which of those options could possibly be the right fit for you and for your art. Each person's path is very different. And what works for somebody else or what somebody else's path is might not be the perfect fit for you. So you need to try out multiple things and see what sticks for you and what makes the most sense for your style and your unique strengths. Even if you're only pursuing your art business as a side hustle, it still helps to know what are the different ways that you could potentially monetize. Being clear about which income strains you would like to target also gives you a lot more focus in your business. It helps you understand what activities are going to actually move the needle for you, and it helps you prevent wasting time on things that aren't going to move the needle for you. If you're interested in knowing more about how to structure your entire art business and how to create a business plan and a marketing plan for it, then I'd definitely recommend checking out my other subject where I dive into a lot more details on that topic. For now, all you need to know is that whatever your target income is with your art business, you can absolutely make it happen. Once you go through all the lessons in this class, you're going to have a lot of ideas swimming around about the different paths that you could potentially pursue. I'd recommend taking notes throughout and always taking note of the ideas that seem to be jumping out to you. Things that you feel the most excited by. Usually, those end up being the things that we are the best at, and that comes very naturally to us. So pay attention to those feelings. In the next lesson, let's talk about the difference between active and passive sources of income specifically for artists. 4. Active Vs Passive Income: Most income streams tend to fall under one of two categories. The first is active income, and the second is passive income. Active income is income that's generated by things that actively take up your time. That means you need to continuously be putting in your time to generate that income. A simple example of this would be commissioned paintings for collectors. You need to put in the time to research for the painting and then actually create the painting, and only once you create that painting, can you sell it and generate that income, which means it's completely dependent on your time going into it. The second is passive income. Passive income streams typically require a certain amount of upfront work that goes into them. But once that upfront work is done, then these largely generate income by themselves without too much of active effort from your end. An example of that could be having an Etsy store where you're selling some digital products. You put in the work to create these digital products and then you list them on Etsy's website. Once that's done, Etsy themselves generate a lot of traffic that comes and purchases your products. Maybe you need to do a little bit of customer service, but that's about it. So that's another thing to actually keep in mind, which is that passive income streams are never 100% passive. It's easy to have that misconception, but keep in mind that that's not going to be the case. There's always some amount of work that goes into it even after you've created the products. This could include maintenance activities, customer service, or the marketing and sales activities that go into promoting these products. Many people go in with the expectation that once they create a passive product, it's going to completely run itself, but that's not the case. I'm not saying this to discourage you in any way, but it's important to set the right expectations so that you understand exactly how much of your time is required for every income stream that you create. Based on how much time you have available to give to your art business, you need to be realistic about where you're going to spend your time. And while most income streams can be classified as either active or passive, I typically think of a few of them as being a hybrid of these two things. Let's take YouTube as an example. Let's say you're a content creator who is monetized with YouTube ad sense. While YouTube does generate passive income for you month on month based on all the older content that you've created, You also need to actively put in effort to create new videos each week or each month to make sure that your content is staying updated and relevant. If you don't do that, your income from the platform is going to dwindle over time, and we don't want that to happen. So over the next few lessons, as we discuss the different ways that you can monetize your art, your skills, and your content. I'm also going to tell you which of these could be active income sources, passive income sources, or hybrid income sources. That way you can be prepared and you can create a perfect mix that works, for your skill set and the time you have available. So let's now talk about the different ways in which you can monetize your art itself. 5. Monetise Your Art: The first and most obvious thing that you can monetize is your art itself. But even that can take many forms. The first is selling your original art. This is, of course, an active source of income because you need to create the artwork, and then you need to put in the work of selling it. This could be in the form of one-off paintings that you create like Liz Clayton Fuller does on her website, or it could be in the form of collections like I did with my Rain Tree collection. If you're interested in exploring that income stream, then my class on creating and selling fine art collections might be a great fit for you. The next thing that you could monetize is prints of your artwork. Now, this could be active or passive depending on how you go about it. You could either take the route of creating the prints yourself, stocking the inventory with you and shipping it out to customers, or you could take the print on demand route where you team up with a company who's going to print the orders as you receive them and drop ship them to your customers. In which case, it would be a lot more passive. Then you could sell products or merchandise with your art. Towards the end of 2023, I created a 2024 desk calendar with my artwork on it, which I sold through my website. You could also look at an example like Gingiber where Stacie Bloomfield sells a lot of products with her artwork on it. This could take the form of notebooks, pins, t shirts, or even stickers with your art on them. Again, this could be something that's more actively done where you are stocking inventory yourself by directly working with manufacturers or you could team up with a company who's going to drop ship for you, in which case, it would be a lot more passive. Also, keep in mind that all of these streams that I previously mentioned could either be done through your own website or they could be done through a platform like Etsy. If you work with a platform like Etsy, they already have an existing audience. So as long as you're creating products that there is a demand for, you could sell pretty well on these platforms. However, if you want to have a lot more control and you don't want to be giving away a huge fee to a platform, then it's a better idea to do it on your own website. The next option is a print on demand website. This is different from what I previously mentioned about partnering with a print on demand to manufacture your own products, which you're selling on your own website. I'm talking about platforms like Spoonflower where you could upload surface pattern designs, and Spoonflower shows these products to their customer base, and they completely take care of creating the products or the fabrics and shipping it to customers and you get a small percentage of every transaction. Similarly, there's also Society 6 which offers a lot more product options than Spoonflower does. Then you could create commissioned paintings. Again, this would be similar to creating original art, but in this case, you would be following a brief given to you by a collector or a client. This artist called Athira based in India is a great example of this. She makes really beautiful commissioned paintings for her customers. Then you could license your artwork. In the world of surface design, this is very common. You could license either full illustrations of your artwork or you could license surface pattern designs. Again, this is something that can be more active or more passive depending on how you make it for yourself. You could have an agent who handles all of the work of finding brands for you to partner with so that all you need to focus on is building up your portfolio, or you could actively be taking on the role of finding new clients for yourself. Then you could have freelance projects where you work with either a client or a brand based on their brief to create illustrations for them. This could be in the form of wedding card designs or packaging designs or whatever else they might need. This is definitely a more active stream of income. And finally, there is digital printable art. This is, of course, a very passive source of income. I'm going to discuss that with you more when we get into the lesson on digital products. One final note before we go into the next lesson. When you're deciding whether you want to stock your own inventory and ship it out to customers or you want to work with a print on demand platform, there are a few things that you need to consider. Think about the costs of the two different options. Think about how much storage space you have available and whether stocking your own inventory is even going to be possible for you. Manufacturing products yourself is going to come with huge minimum order quantities. Whereas with drop shipping, you can even manufacture a single product at a time. And finally, think about the branding process and how much control you want over the experience that your customer receives. When you are holding your own inventory and shipping it out, you, of course, have more control, and you can add in branding elements. You may not be able to do it to the same extent with a drop shipping partner. Now's the perfect time for you to go ahead and download the class workbook from the link in the description and start filling it out. There's a page about monetizing your art where you can explore all the ideas that are coming up for you right now, and there are a few prompts that are going to help you think about what might be the right options for you. In the next lesson, let's talk about how you can monetize your skill set as an artist. 6. Monetise Your Skillset: If you're an artist, I'm willing to bet that you've got some superpowers. I don't just mean your art skills itself, but I mean your other skills that complement your art business. Maybe you're somebody who's really good at creating content. Maybe you've been able to build a thriving community of people who love what you do. Maybe you're somebody who's really organized and really good at staying productive within a creative industry. Maybe you're good at surface pattern design. Maybe you have a good understanding of color theory, or maybe you're good at a particular tool like procreate or Adobe Photoshop. Any of these are skills that could be monetized. There are so many other artists who could benefit by learning your skills, and you can monetize by teaching it to them. If you feel like you're too early in your journey to be teaching anybody else, which is something that we've all felt, then keep in mind that there's always somebody who's just one step behind you, and students tend to relate to teachers who are just a few steps ahead of them rather than somebody who's already mastered everything. Teachers who are just a few steps ahead of us tend to relate to the problems of a beginner much better. They tend to explain things in a way that's very understandable and provide practical guidance for the stage at which we are right now. Keeping that in mind, give yourself the confidence that if you're good at something, there's somebody who can benefit by learning it from you. I myself started teaching right in year one of my art business. I started by teaching gouache tutorials and color theory because those were the skills that I felt really confident in. As I've grown my business, I've also started teaching the business side of art because I thoroughly enjoy these topics, and I'm just a few steps ahead of you, and I feel like I can provide that value. That being said, here are a few ways that you could monetize your skills. The first is teaching here on Skillshare. This is a kind of hybrid income stream where you can create classes and they continue to passively generate income for you. But at the same time, you do need to actively put in some work to continuously create new classes. You could have online workshops or live sessions where you teach a particular skill. Similarly, you could also have offline workshops. Both of those would, of course, be active sources of income. Then you could have one on one mentorships, where you personally connect with students and you provide them with individualized plans for their growth. You could have art retreats where you have multiple different students coming to a location and you could teach them particular skills or you could all sketchbook and create art together. You could also independently create your own online courses and sell them to your audience. This could be done through platforms like teachable or Kajabi. So I hope that sparked a few ideas for you. You could now pull up the workbook page about monetizing your skill set and think about what your superpowers are and which of your skills you might be excited to monetize. At this point, I'd also like to tell you that it's not necessary that every artist has to monetize their art and their skills and their content. I'm just presenting you with all these different options, and it never hurts to brainstorm. Maybe at the end of this, you feel that teaching is not the right fit for you. That's totally fine. You don't have to pursue every single thing that you write out in this workbook. These are just ideas so that you can see what you're most drawn to. That being said, let's proceed to the next lesson where we'll talk about monetizing your content. 7. Monetise Your Content: Content creation is a huge industry, and if it's something that you're good at, then there could be a lot of potential to earn money in this space. So here are a few ways you could monetize your content. The first one is YouTube ad sense. Creators earn quite a lot of money out of YouTube adsense. So if you enjoy creating long form videos, this could be a great opportunity for you. Artists like Kelsey Rodriguez are a great example of this. She's been creating content for a while now, and her content has a lot of value for her audience, which has allowed her to grow really well on the platform, and it's allowed her to earn money through YouTube ad sense. Now, a spin off from that would be brand sponsorships. The thing about brand sponsorships is that you don't necessarily have to have a certain audience size to be eligible for it. At any size, if you have a loyal audience and an engaged following, you can reach out to brands and ask them to sponsor your content. This would give you some steady income. The brand could potentially work with you for a series of videos or posts, and if you're able to demonstrate that your content gets a lot of eyeballs, then this could be lucrative for you. Then there's affiliate income, which is again something that creators of any size can take on. You can sign up to be an affiliate with a website like Amazon, or you can sign up with brands that you enjoy using. For example, I use the Canvas lamp in my studio. I have it right here, if you see it. So I've been using the Canvas lamp on my desk for the last two years, so I signed up to be an affiliate with the brand. This allows me to promote Canvas to my audience, and if anybody decides to purchase it using my link, I get a bit of a kickback from it. With affiliate partnerships, it's important to be transparent with your audience and inform them that when they make a purchase, you might receive a small amount that helps support your art. Then you could have subscriptions. For example, on a platform like Patreon. You could have exclusive content that you create for people who pay you a monthly subscription fee. Artists like Jenna Rainey, Jess Karp and Shealeen Louise are great examples here. Then you could have paid newsletters. If you enjoy writing and if your e mail subscribers enjoy what you have to say, you could have a paid version of your newsletter. Austin Kleon does this, and so does the famous artist James Gurney. He, of course, has a free newsletter that he sends out, but he has a paid version where you can get exclusive access to his thoughts about his painting process and so much more. There's a lot of value provided there, and so people do pay for that subscription. So pull up your workbook now and go through the section on monetizing your content. Think about the ways to do this that might make sense for you. In the next lesson, we're going to talk about digital products, so I'll see you there. 8. Digital Product Ideas: A lot of the options that I'm going to discuss in this lesson might fall under the previous categories we discussed. That is monetizing your art or your skill set or your content. I created a separate lesson for this because there are so many options and I wanted to discuss all of them. Sometimes digital products could be relatively easy to create and relatively passive when it comes to the income generation. So it's always worth knowing what options exist because these might spark a few ideas for you. One option is to sell printable art. I do this with some of my older art pieces on Etsy. I have listed them as printable art. Customers can just purchase them, download them, and then print them out themselves. There's absolutely no work that goes in from my side in the fulfilment part of this. There's just a bit of customer service when questions come in or when I want to ask them to leave a review for my store. But aside from that, it's largely a passive income source. Then you could create Canva templates. These templates could be for social media posts, or they could be for lead magnet PDFs. If you're good at graphic design and you can create some aesthetically pleasing templates that fall into a particular theme or category that solves a requirement for customers, this could be great. Then you could create notion templates. I mentioned the artist Kelsey Rodriguez when I spoke about monetizing on YouTube. He uses notion a lot as a part of her workflow. She's shown how she uses notion in her YouTube videos, and she must have seen that her viewers were resonating with that. So she started selling a few notion templates to them. So that can be a great way to monetize if you use a tool like notion and you're good at it and you're good at coming up with templates. Then you could sell wedding invite templates on a platform like Etsy. You could sell clipart. For example, if you create watercolor florals, you could create a clip art pack that you could sell on a platform like Creative Market that people can download and use in their own creative projects. You could sell procreate brushes like the artist Lisa Glanz does on Creative Market and on her own website. You could sell ebooks or mini courses or guides to teach a very specific skill. Again, taking the example of Lisa Glanz. She sells something called the pattern design tool kit, where she provides multiple different templates that surface pattern designers could use. Along with that, she also gives a video lesson that teaches you how to use this tool. So you can get really creative with how to use your skills in the format of a digital product. Similar to selling procreate brushes, you could also sell color palettes for procreate. Many people have trouble coming up with harmonious color palettes for their work, and if that's something that you're good at, then you could definitely monetize it. Then you could sell coloring pages. If you enjoy creating line art that would make a great coloring page, then you could sell that to your customers. You could sell wallpapers for phones, and this could even be in the form of a subscription where people receive a monthly set of wallpapers from you. You could even sell art for Frame TVs. The artist Laurie Ann, who creates acrylic paintings sells some really beautiful art for Frame TVs. So again, pull up the workbook and fill out all of your ideas. I'll see you in the next lesson where we'll talk a little bit about how to price your offers. 9. Pricing Your Offers: Because there are so many different options that we've gone over and each of them have so many different variables. Going into the pricing of each and every one of them is outside the scope of this class. But I want to give you a simple framework so that you can think about how to price your different offers. No matter what you're pricing, there are a few considerations that you need to keep in mind. One is, of course, the time that went into creating whatever you created. The next would be in the case of physical products. What was the cost of all the materials that went into creating it? Then think about your audience, who are you trying to attract and what is the perfect price point for that audience. Try to hit a sweet spot here. You don't want to be undervaluing yourself, but at the same time, for whatever you're charging, you want to over deliver. You want your customer to feel really thrilled and you want them to feel like they got a discount, even if they paid a slightly premium price. The amount of value you provide and the experience that you provide is what is going to make them feel that way. When you're pricing your offer, I would also recommend just comparing it against the price points of similar offers of other artists. You don't want to necessarily price it exactly the same as them or necessarily price it higher or lower than somebody else. You just want to do this sort of comparative exercise to understand what the market is responding to. It'll give you some sort of ballpark to understand what you could potentially charge. And then you can think about how much value you are through your offer, and you can price it accordingly. If you're interested in specifically understanding how to price your fine art pieces, then my class on creating and selling collections goes into a lot more detail on that. So let's get into the next lesson where you can start thinking about the right income streams that are a perfect fit for you. 10. Pick the Right Income Streams for YOU: While I am 100% an advocate for having multiple different streams of income, I do think it's important to not try to do everything all at once. I want to mention that here before you start thinking about exactly what your income streams should be. It's important not to put all your eggs in one basket, but at the same time, you don't want to be spreading yourself too thin. It's important to completely focus and pursue one stream of income and develop it before you move on to the next thing. The reason we're working on a plan is to know what are the things that are well suited for us and for our art style. This gives us a roadmap. It gives us some direction. It gives us a plan to work towards, but this does not mean that we want to be doing all of it at the same time. So focus on one thing at a time and try to build up three core revenue streams to start with. Kajabi, which is a leading platform for selling digital content created the state of creators report recently. In this through a study that they did of multiple different six figure creators, they understood that most people have anywhere between 5-7 streams of income. That's definitely something that we can work towards. But like I said, we want to start with having just three core streams of income. This doesn't mean, of course, that we have just those three. There are a few smaller income streams that can be spin offs from these. An example could be if you're already monetizing your content, then you could set up affiliate income as a spin off from that. Since you're anyway putting in the work to create content, you could also promote the brands that you're working with and earn a little bit of kickback from that. This is not something that needs to be a core stream of income that you actively put too much effort on, but it's something that can give you a little extra income each month. Similarly, if you're already creating surface pattern designs for art licensing, which you're pitching to brands, then you can also upload those designs onto a platform like Spoonflower, Maybe you're not going to earn a large income because you're not actively working on it. But you might start earning a small income every month, and that's also something that can support your business. So in the workbook, I've given you a page for your offers and your pricing. You can use this page to start answering the prompts, which are going to help you think about what could be the perfect fits for you. In the next lesson, let's go over how you can create your revenue pie for your art business. 11. Class Project : Create Your Revenue Pie: So now that we know all the different offers that we would like to create and we know what we could potentially price each of them at, it's time to create our revenue pie. Like I mentioned, we're going to focus on just three core revenue streams for this. The revenue pie is very simple. It's just a pie chart that's going to tell you what contribution is going to come from each of your revenue streams to your overall revenue goal. As an example, let's say my goal is to earn $5,000 per month. I'm just going to write everything out on this little doodle pad that I like using for my brainstorming. So let's say my overall goal is to earn about $5,000 per month. Now, the three income streams that I could potentially pursue is going to be teaching. And again, each of these could have one core income stream. Like for me, it could be Skillshare, and then you could potentially have a few spin off income streams. Like for me, it could be having live sessions or one on one consultations on skill share. I'm just going to count all of that under the teaching bucket for now. Secondly, I could potentially sell my art. Again, this could, for me, be a mix of selling originals and prints of my artwork. And finally, maybe I want to monetize my content through YouTube. I'm already creating content on YouTube and I would like to monetize it through YouTube ad sense or through brand deals. So that's going to be the third income stream that I pursue. I'm going to divide my $5,000 into these three categories based on how much time I think I can give to each of these things, and how much I think I can potentially earn from each of them. So for me personally, I feel that maybe I can earn $1,000 by selling my art and my art prints, and I also don't want to put too much pressure on that income stream because I want to have the freedom to create my art more fearlessly. For me, personally, I feel if I put monetary pressure on it, I might not be able to give everything to my art. Instead, I would like my other income streams to support the creation of my art. So again, with YouTube, I'm going to put $1,000 as my initial goal because I know that this is an income stream that can fluctuate month to month, so I'm not going to put too much pressure on that. I feel that teaching is something that's a lot more in my control. So I'm going to put $3,000 here because I know that I can create a certain number of courses, and I can also have a certain number of one on one consultations per month. So you can run the calculations for each of these and use the workbook to help you think about all of it. And finally come up with your numbers. So at the end of it when it comes to percentages, teaching is going to form 60% in this example that I'm giving you, Art is going to form 20% and YouTube is going to form 20%. So using those numbers, I'm just going to scribble out a little revenue pie, and this is going to give me a certain goal or a target towards which I'm going to work. Once you're done with your own revenue pie, I would love if you could upload it to the project gallery. I would love to look at it, look at your ideas, and provide my feedback. You can also upload your other workbook pages if you're comfortable sharing. And even with the revenue pie, if you're not comfortable sharing your exact numbers in terms of the monetary value, you can share it with just the percentages. So go ahead and complete this and I'll see you in the next lesson. 12. Learn from me 1 on 1: I'm so happy to announce that I'm now offering one on one consultation sessions here on Skillshare. Through these sessions, you can book a direct call with me where I'm going to give you personalized guidance. I offer two types of sessions. One is a gouache art critiquing session where you can send me some of your portfolio pieces and we'll make a personalized plan for your improvement. The second is a business consultation, and that's very relevant to the class that you just went through. In this session, we can go over the plans that you have for your art business. We can go over your big dreams, your vision, and your plan for your income streams. I can help you take decisions on what might be the right income streams for you, and we can also make a personalized plan on how to get started towards those big dreams of yours. Keep in mind that I have very limited slots available per month. So if you'd like to chat with me, make sure you book a call soon. I look forward to connecting with you. 13. Summing Up: Congratulations on making it to the end of this class. I hope this class gave you a lot of clarity on the different income streams that exist for you as an artist. I hope it also helped you think about which of those income streams could be a good fit for you, for your art style and for the unique path that you're on. Just to recap everything that we learned in this class, we learned about active and passive sources of income. We learned about the ways you can monetize your art itself, your content, and your skill set. We also spoke about the various options that exist for digital products. And then finally, you learned how you can create a revenue pie which outlines the income streams that you would like to pursue and how much they are going to contribute to your monthly income. I look forward to seeing your ideas, so make sure you submit your projects to the project gallery below. I'll be happy to look at it and provide my feedback. If you'd like to stay connected with me and my journey, be sure to follow me on Instagram. You can also check out all of my free content that's up on YouTube, and you can follow me here on Skillshare to make sure you don't miss any of my future classes. Now that you've gone through this lesson, the perfect next step would be to go through my lesson on creating a business and marketing plan for your art business. If you've already taken up that class, then I'd also recommend my class on creating and marketing fine art collections. I look forward to seeing you inside another one of my classes. Thank you so much for being here. I'll see you next time. Bye.