I'm starting a new project where i sell my paintings and give some of the profit to charities.
supplies cost about 5-7$ each painting...
what percentage of the profit would be reasonable to keep?
I want a good amount, but i also want people to buy them for a good cause!
2007-12-15 18:14:01 · 2 answers · asked by Ash and june 2 in Business & Finance ➔ Other - Business & Finance
Keep enough you are making a wage for painting them equal to a job you could get. So if you are worth $20 an hour and it takes you 4 hours to paint you should keep 85-87 and give the rest to charity. If you aren't selling for that much consider just giving a percentage like 5% to the charity but make sure you tell the buyers not let them think it is all for charity.
2007-12-15 18:19:06 · answer #1 · answered by shipwreck 7 · 0⤊ 0⤋
It is difficult to answer without specifics, but as long as you are reasonable and all will be fine. Keep a "reasonable" amount of profit from each sale to satisfy your own needs and give the balance to charity.
2007-12-16 09:37:11 · answer #2 · answered by copious 4 · 0⤊ 0⤋