Introduction to Picture Framing Business
Picture framing has the potential to become a full-time, profitable business. Picture framers collaborate with galleries, artists, photographers, and everyday people to promote their work. Like any retail shop, the minimum markup is between 30% to 40%. For specialized work, it is possible to charge a lot more. The average wage is approximately $30,000 a year. Many independent picture framers find working out of their home in their own business can offset income limitations.
Profit and Materials in Picture Framing
If you’ve purchased custom framing, you probably figured already high profit margins (as high as 500%-600%; more on items and services). Framing can be of two types, fixed and variable sized. Picture framing can earn you over 400% profit per frame. Acrylic is lighter, thus affordable to ship and durable. Glass is fragile but some prefer it. High competition saturates the market with businesses. According to Mark Klostermeyer, the amount of materials a shop provides drives up prices.
Market Size for Digital Photo Frames
How big is the digital photo frame market?