Art gallery business is lucrative. It is a small business but the profit in it is more than just a business. The service of the artists in the gallery is often needed. It is a business that deals with beauty. Therefore, almost everyone across all works of life wants to be a friend of an artist.
The beauty in the designs being made by the artist often appeals to the sight. Making captivating art gallery generates more money than any other business you might have thought of. Although people may not patronize every day, your sales in a month can cover your efforts for years.
Where to Do Art Gallery Business in Nigeria
The best place to site your art gallery business in Nigeria is the city. Art is appreciated by people who value it. Many people who value the work of art are mostly found in the cities. Which city is the best for? Where in such city? It is good to site your art gallery in the cities where there are tourist attractions? The answer to all these is Yes.
Lagos and Abuja are some of the popular cities in Nigeria for Art gallery business. The advantage of these locations is that these cities are commercial centers in Nigeria.
There, people within and outside the country come to purchase goods. It is popular belief and opinion that anything anyone wants is in the city.
Another reason is that dignitaries come from other countries to do one thing or the other, especially business in the cities. They might have interest in the beauty of art made in Nigeria.
Some Tourist Attraction Places Good for Art Gallery Business in Nigeria
There are some areas in Nigeria that often welcome throngs of visitors annually. These kinds of areas are good for this business.
For instance, Osogbo will be a good place for art gallery because, every year, throngs of tourist seekers visit there to celebrate Osun Osogbo Festival.
There are also tourist attraction centers in Ibeno, Akwa Ibom State. Others are Obudu Mountain Resort, Cross River State; Ngwo Pine Forest in Enugu State.
We also have tourist centers at Arochukwu Long Juju Slave Route in Abia State et cetera. Gallery business can be located near the tourist attraction centers.
Market Structure For Gallery Business in Nigeria
You can have your art gallery online or have your office in any city in the country. Once you have decided how you want your art gallery to be, online or off, you then make sure that you set your vision for the business.
The vision means that you know the kind of art which people in the area appreciate.
Make sure that your vision is clear and you must be consistent with it. Besides, do not define your vision in the type of art you do not enjoy.
The art that people appreciate should be in line with yours. If you cannot arrive at a common interest, you can look for another location for the business.
Try to define your vision across all the arts you enjoy. This is important because there are different kinds of people with different arts choices and tastes.
Requirements For Starting Art Gallery Business in Nigeria
Just like any other business, you need startup capital, especially in the form of money. You need to rent a place where your art will be displayed. You also need money for hiring staff, if need be.
This is essential in the business. You need to know the art collectors apart from the guests that often come to the city for an assignment. You need to be well connected with the people in the government either at the federal, the state or the local government level.
Knowledge is the soul of every business. Before one can start an art gallery business, he/she must have acquired necessary knowledge either in school or through apprenticeship. Having acquired knowledge, the person can work in an art gallery for a while before he/she start his or her own. This will make such a one to know the business strategy and how to convince the clientele.
Tools you Need
Apart from employing an artist in your art gallery, you must make available the following things:
- Paper and hardback sketchbook
- watercolor paper
- Mahl Stick
These and more other things you need to get as tools for your artwork.
Competitions and Opportunities
The competition in this industry lies in the creativity that is embedded in the art. The art that is not unique might be purchased by the clientele.
However, you will get more customers if you are creative in your designs. Therefore, being creative will fetch you more money.
Profit in Art Gallery
Art gallery business is lucrative. Although you might not get customers every day, you will get your profit any moment you get an order either by the government or an individual. The following are the benefits and profitability indices of art gallery business:
Not Time Consuming:
It is an industry that gives you room to do other things after you must have made your art. While making your art, you might not have time to do any other things but after this time, you can do another business or businesses.
one of the beauties of art is that it makes the person who made it happy every time. It makes you happy.
In terms of management, you need to employ and pay your staff as at when due. You must monitor what your artists are making to see whether it is unique or not. As the owner of your commercial art gallery business, you need to teach your staff how to get goals in whatever they are doing.
The art gallery is not a business venture that can generate money for you every time or daily. Some days, you might not make any sales. But then, the business is unique and is lucrative though. You can get the money which will cover those times when you sold nothing. You need the following to survive in this business:
Art gallery business is a very interesting business that is good for creative minds. It does not require too much capital to kick off. If you want to run this business, you must not be hasty in getting money, that is, returns on investment. Get more business ideas here
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