Business Idea

Start An Art Gallery

About

Starting an art gallery requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell art gallery, or selling art gallery online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start an art gallery ➜

Key stats

market size
$67B
revenue (monthly)
$150K
starting costs
$46.1K
gross margin
40%
avg product price
$700
time to build
11 months

About

Starting an art gallery requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell art gallery, or selling art gallery online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start an art gallery ➜

Key stats

market size
$67B
revenue (monthly)
$150K
starting costs
$46.1K

 

gross margin
40%
avg product price
$700
time to build
11 months

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $35 $3,250
Employee & Freelancer Expenses $0 $5,500
Equipment & Supply Expenses $550 $6,000
Website Costs $232 $6,500
Business Formation Fees $5,600 $20,400
Retail Business Expenses $0 $16,150
Inventory Expenses $350 $13,750
Software Expenses $150 $3,044
Advertising & Marketing Costs $75 $9,736
Other Expenses $0 $800
Total Startup Costs $6,992 $85,130

Successful Businesses

Business URL Rank
Grey Art Gallery greyartgallery.nyu.edu #2,521
Fine Art America fineartamerica.com #5,122
SimpleSite simplesite.com #9,554
San Francisco State University sfsu.edu #10,456
The Met 150 Museum metmuseum.org #12,766
Christie's christies.com #23,667
MOCA Jacksonville mocajacksonville.unf.edu #30,951
Carbonmade carbonmade.com #35,166
AUT aut.ac.nz #40,682
Wichita State University wichita.edu #59,411
Home northseattle.edu #71,449

Pros & Cons

Pros Description
Rewarding work Starting a art gallery can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.
Meaningful business connections You never know who you will meet or get to work with for your art gallery. This could be the start of an incredible business opportunity!
Unlimited income potential With your art gallery, there is no cap as to how much income you can make. The stronger your business skills and the more energy/time you put into your career, the more you'll make.
You are your own boss! With starting an art gallery, you are the one to make decisions for almost all of the operations. Calling the shots can be empowering and liberating!
Local Community One of the best parts of starting an art gallery is that you can develop a local following by selling your products at craft shows, farmers' markets, or even local storefront businesses! This gives you access to additional revenue streams and loyal customers.
Higher likelihood of getting referrals The art gallery is all about referrals, which is a very effective way of attracting and retaining customers. It's critical that you have a great referral program in place that incentivizes your customers to tell their friends about your product.
Cons Description
Crowded Space Competition is high when it comes to your art gallery, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.
Longer Sales Process A art gallery can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers.
Work can be inconsistent As a art gallery, the amount of work assigned to you and schedule tends to be more inconsistent, which may make your income less stable. It's important to set boundaries and budget accordingly based on the amount of work you plan to have.
Isolation Often times, as a art gallery, you typically work alone and do not have much face-to-face interaction with other team members.
Time commitment With starting a art gallery, all responsibilities and duties will be in your hands. Although this is not necessarily a negative thing, it's important to understand that your work-life balance may be a bit unbalanced at times. This can place a strain on friends and family and add to the pressure of launching a new business.
You might struggle financially (at first)! If you bootstrap your business or choose not to pay yourself (or pay yourself less than you were making at your corporate job), this can be financially taxing. It's important to adjust your lifestyle and set a plan for yourself so you don't find yourself in a stressful situation.

Marketing Ideas

  • 1

    Direct sales

    You may find yourself in a spot where you're ready to hire a few (or many) salespeople to support the sales conversion process. Regardless if you have one or thirty salespeople, it's critical that you assign them specific roles and responsibilities to nurture the client and provide excellent support.

  • 2

    Word of mouth

    The most tried and true way to grow a art gallery is through word of mouth - some entrepreneurs would say it's more important than all social media.

  • 3

    Advertising on social media

    Social media advertising is one of the leading ways to get the word out when it comes to art gallery.

    There are various different Social Media platforms available to you. Some may be more critical for your marketing efforts than others, however, it's important to have an understanding of what's out there and available to you.

    Learn more about advertising on social media ➜