Posted: January 30th, 2022

ArtSharks: A Feasibility Study

On-line purchasing has offered web customers with comfort, affordability and unimaginable entry to numerous decisions of merchandise. So long as a purchaser has a bank card, shopping for over the web is only a matter of clicks. As a result of recognition of on-line purchasing, a number of brick and mortar primarily based companies have began to acknowledge the significance of digital presence. On-line presence can be a bonus for lots of companies. Not solely is it cheaper than having a brick and mortar store, it may also be a venue to promote and promote your small business with out having to undergo a number of effort and cash.
As a result of presence of many on-line public sale and purchase and promote web sites, even youngsters are in a position to earn cash on-line. Nonetheless, promoting artworks over the web is one other story. In accordance with an internet article, “Promoting artworks on the web is an artwork type in itself. Even with the rising recognition of on-line purchasing, digital artwork distributors must get inventive to realize the belief of the shoppers” (Bair 2007). The market may also be thought-about a distinct segment which makes it more difficult for on-line galleries to have the ability to entice clients and sellers alike.
This dissertation will try to find out the feasibility of an internet artwork neighborhood web site the place individuals can be part of boards, do social networking, purchase and promote artworks over the web. A overview of literature was carried out with a view to get an thought of this market and to give you one of the best fashions in accessing the feasibility of the enterprise. Outcomes of the evaluation will probably be mentioned to make clear considerations and questions posed by this enterprise thought. Goals With all enterprise concepts, quite a lot of uncertainties all the time come up and these questions have to be clarified.

This dissertation makes an attempt to filter the next uncertainties: What’s the market demand for social networking websites? What’s the market dimension and market profile of people that use such social networking websites? How in style is promoting and shopping for within the web? How can these be leveraged by the web site ArtSharks? What are the wants of the present clients on this business? How can these be leveraged by ArtSharks? How can the aggressive panorama of the ArtSharks web site be described? What are the strengths, weaknesses, alternatives and threats of the enterprise?
How financially viable is the enterprise? Methodology This research analyzes the feasibility of ArtSharks by trying on the market demand for one of these web sites and its monetary viability. Market demand is set by way of Michael Porter’s 5 Forces and thru SWOT Evaluation. This may assist the enterprise in understanding the business that will probably be coming into and on the similar time, leveraging on its strengths and obtainable alternatives whereas turning its weaknesses and threats into alternatives for enchancment.
Monetary viability will probably be measured by way of totally different monetary fashions together with Income Mannequin, Gross Margin Mannequin, Working Capital Mannequin and Funding Mannequin. All these fashions will decide the monetary standing of the corporate from enter to output. Assessment of Associated Literature Selling and Promoting Artworks There are a selection of the way for consumers to amass artworks – through the web and through shops or galleries. Artists might choose to begin from an area artwork retailer and provide a revenue cope with the proprietor. They could additionally method art work sellers and galleries who’re in a position to promote an art work.
An alternative choice is importing your artworks on-line and promoting in on-line artwork galleries. There’s additionally the flea market, neighborhood church buildings and colleges which maintain artwork gala’s yearly (wikiHow 2009). When promoting artworks over the web, Popkin (2008) believes that eBay remains to be one of the best place to promote them. The explanation for that is that there are practically 95 million customers in eBay spending a complete of roughly US$894 per second. Every day, eBay will get greater than 10 million bids and greater than 100,000 new individuals register.
About 2 million new gadgets are posted on a regular basis, as properly. Popkin (2008) believes that artwork consumers can select to go to on-line artwork galleries specializing within the promoting of artworks however eBay gives a lot of on-line consumers who don’t aspire artworks however might turn into persuaded to purchase. Nonetheless, there are additionally a number of on-line artwork neighborhood web sites obtainable within the web to serve this area of interest market. These web sites are being utilized by totally different artists to showcase their work, images, sculptures and set up arts.
One such web site is Artp Up to date Artwork. The web site boasts of its 2,900 artists, artisans, artwork photographers and different artwork websites which different individuals might browse to see their works. The gallery homes work, portraitures, ceramics, sculptures, glass arts, amongst others, that are carried out by numerous artists. Artp started in 1999 with a mission to “serve the visible arts neighborhood: each modern artists to create and shoppers trying to buy authentic modern artwork, modern artwork prints, artwork images, and extra” (Artp Up to date Artwork 2009).
It presently gives artists with low-cost, easy-to-update, elegant and absolutely customizable artwork web site templates. The total characteristic web site package deal ranges from US$13. 95 to US$19. 95 monthly which incorporates internet hosting. It guarantees excessive quantity visitors because it has been included in prime search engine rankings. It’s being ranked first every time “modern artwork” is typed in Yahoo and Google. Presently, it experiences 171,000 guests monthly and over 6 million hits. On the opposite finish, the shoppers are being supplied with a searchable database the place they’ll enter the key phrases of the merchandise that they’re on the lookout for.
They will browse by artists, class/style or by area. Everybody, artists or shoppers alike, may be part of within the discussions within the discussion board and click on on hyperlinks that may result in different associated web sites. Innovation of the web site is completed by getting new artwork classes or genres to spice up the curiosity of the members and guests. In 2008, their assortment included Printmaking, Steel Arts, Wooden Arts, Artwork in New York, Black and White Pictures, Mosaics, amongst others. One other such web site is Artwork Gallery Worldwide. This web site showcases numerous artworks categorized by fashion, media and themes.
For the convenience of navigation of holiday makers, the homepage already exhibits essentially the most visited gallery portals: authentic artwork, summary artwork, panorama artwork, fantasy artwork and oil portray, in addition to the value ranges of the artworks. In every gallery portal, a featured art work and a featured artist can be proven. Artwork Gallery Worldwide started in 2003 in Delaware, United States and operated by groups primarily based within the US and Europe. The web site accepts membership each from particular person artists and galleries with a number of artists. A person artist pays not less than US$24 to have the ability to add 50 artworks inside 6 months.
There’s additionally a 14-day free trial for individuals who want to check out the system first. Every artists’ web site accommodates a profile of the artists and a preview of the album of artworks. For a gallery to have the ability to add its artists’ work on the web site, a set-up payment of US$300 and a month-to-month payment of US$69 for 300 artworks are required. The artists and galleries will be capable to monitor visitors and get customer statistics on their web sites. An artwork discussion board and help discussion board are additionally obtainable. Related with Arp, it guarantees particular person artists and artwork galleries highest web visitors.
Its distinctive options are the copyright safety service and fraud protection-scam patrol. Fraud protection-scam patrol helps the artists or the galleries in recognizing a suspiscious purchaser. It is ready to “discover a actual location, acknowledges hiding strategies, checks blacklists and scrutinizes a conduct of the customer” (Artwork Gallery – Worldwide 2009). Nonetheless, there are additionally some considerations each on the a part of the customer and the vendor. One concern of sellers is that artworks turn into straightforward to repeat when they’re posted within the web.
Issues of the consumers, alternatively, are hinged on bank card or different fee securities. Jonas Hair, a web-based artwork gallery proprietor, additionally mentioned that “most individuals, in my analysis, that purchase artwork wish to see it, really feel it, contact it and expertise it earlier than they put it” (Bair 2007). He additionally additional cited when promoting artworks personally, the way of promoting and selling an artist’s self is most essential than how nice the art work is. Nonetheless, in relation to promoting an art work over the web, the previous as a result of extra essential than the latter.

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