Top Ways Graphic Designers Can Make More Money
Ted Davis teaches at the Basel School of Design in Switzerland. He’s been there since 2010. He’s seen how important coding is for graphic designers.
At first, Davis taught ActionScript. But now, he teaches Processing and p5.js. This change helps students deal with the digital world’s fast pace.
Now, coding is a must-have skill for graphic designers. It lets them make their ideas come alive in new ways. Davis believes coding is crucial for creativity today.
Graphic design schools are teaching coding to keep up with the industry. They know that digital volatility and quick tech changes are key. So, coding will keep being a big part of graphic design education.
Diversifying Income Streams: Royalties, Flat Fees, and Buyouts
Being a graphic designer, just relying on royalties can be risky. It’s key to have different ways to make money. You can look into flat-fee licensing, surface design, and buyouts.
Art licensing is a great way for designers to earn money. Royalties give you steady money, but you have little control, and sales can be unpredictable. Flat fees give you a set price for your work right away.
Surface design is another way to make money. You create patterns for things like textiles and home décor. With buyouts, you get paid once and can still license your design to others.
“The key to making more money in graphic design is balancing royalties with flat-fee or buyout deals. This way, you reduce risk and take more control over your money.”
Knowing about licensing contracts and pricing well can open up new ways to make money. Trying out these options can make your graphic design services more valuable.
| Income Stream | Pros | Cons |
|---|---|---|
| Royalties | Passive income, ongoing revenue | Limited control, unpredictable sales |
| Flat Fees | Immediate and reliable payment, more control | One-time transaction, with no ongoing revenue |
| Buyouts | A lump-sum payment retains rights for future licensing | No ongoing revenue, client holds exclusive rights |
