Georgie has been doing some more number crunching and based on her experience at an independent printers, she has used a different way of finding the costs for the prints than how we were previously trying to work it out. Before, we were using printers websites to find costs for different length runs of prints but these costs work on the basis of having a set up cost and then pain a smaller fee per unit that you print. This way, once you have made the money back for your set up cost, almost everything else is profit which does seem like a better way of doing this.
We made this table to lay out the information in a more understandable way and find how much we could potentially make each month based on selling 12 units of each product.
The figures that the artist would get from this are looking a lot more reasonable than what we were looking at before and we would be looking at a profit of over £2000 per month after the commission has been taken off which is a good start. I am concerned about wages, especially if there are five of us working for this company and with these numbers we will be making around £25,000 year which means £5,000 each. This is without considering any other costs that will need to be taken from this sum. It wouldn't be enough for five of us to live on but if the time was organised so that this wasn't our primary job then it might work out, especially if the sales figures went up.
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