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Thomas Kinkade, I loath, and I used to actually admire him. Artistically, an average professional painter. Entrepreneurially, ground breaking. But in my never to be humble opinion, he had it comin'!.
Let’s start with what I admired. He clearly defined his market, conservative Christians, and he “delivered” (no pun intended) a unique value proposition, and in a way that they would appreciate. How? This particular physiographic is quite literal. So Thomas Kinkade scattered lots of graphic symbols throughout his paintings to celebrate this group’s values. Little hearts signify the sanctity of marriage and the “Painter of Light”, a not so subtle reference to the light of Christ, used an over abundance of artistic devices to convey light. The result. Saccharine sweet paintings that make my teeth hurt.
Where it all went wrong was that he also leveraged the general ignorance of this market. A market that is not typically a group educated in arts and culture. By saturating the market with “limited edition” prints of 250,000, or more, he was out of integrity. In the state of California, Mr. Kinkade's domicile, only 250 prints are considered “limited”, legally.
His genius? He used the franchise model to build his empire, a la eMyth’s approach to building a business. That’s right, all those Thomas Kinkade galleries that you see closing are franchises, like McDonalds. Many of these franchise owners sued him, forcing the company to delist from the New York Stock exchange.
Imagine. An artist with a company listed on the New York Stock exchange. I had to know more. So I actually interviewed one of his CPAs and he shared the basic mechanics and history of Thomas Kinkade's empire. Horrified and fascinated, I thought, "What if I learned from his success but I applied these lessons in a way that I’m proud of and with integrity?" Isn’t that what Jesus would do?
The Painter of Light files for Chapter 11 Bankruptcy
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[caption id="attachment_819" align="alignleft" width="576" caption=""Bambi's First Year" Thomas Kinkade"][/caption]
Thomas Kinkade, I loath, and I used to actually admire him. Artistically, an average professional painter. Entrepreneurially, ground breaking. But in my never to be humble opinion, he had it comin'!.
Let’s start with what I admired. He clearly defined his market, conservative Christians, and he “delivered” (no pun intended) a unique value proposition, and in a way that they would appreciate. How? This particular physiographic is quite literal. So Thomas Kinkade scattered lots of graphic symbols throughout his paintings to celebrate this group’s values. Little hearts signify the sanctity of marriage and the “Painter of Light”, a not so subtle reference to the light of Christ, used an over abundance of artistic devices to convey light. The result. Saccharine sweet paintings that make my teeth hurt.
Where it all went wrong was that he also leveraged the general ignorance of this market. A market that is not typically a group educated in arts and culture. By saturating the market with “limited edition” prints of 250,000, or more, he was out of integrity. In the state of California, Mr. Kinkade's domicile, only 250 prints are considered “limited”, legally.
His genius? He used the franchise model to build his empire, a la eMyth’s approach to building a business. That’s right, all those Thomas Kinkade galleries that you see closing are franchises, like McDonalds. Many of these franchise owners sued him, forcing the company to delist from the New York Stock exchange.
Imagine. An artist with a company listed on the New York Stock exchange. I had to know more. So I actually interviewed one of his CPAs and he shared the basic mechanics and history of Thomas Kinkade's empire. Horrified and fascinated, I thought, "What if I learned from his success but I applied these lessons in a way that I’m proud of and with integrity?" Isn’t that what Jesus would do?
[/caption]
Thomas Kinkade, I loath, and I used to actually admire him. Artistically, an average professional painter. Entrepreneurially, ground breaking. But in my never to be humble opinion, he had it comin'!.
Let’s start with what I admired. He clearly defined his market, conservative Christians, and he “delivered” (no pun intended) a unique value proposition, and in a way that they would appreciate. How? This particular physiographic is quite literal. So Thomas Kinkade scattered lots of graphic symbols throughout his paintings to celebrate this group’s values. Little hearts signify the sanctity of marriage and the “Painter of Light”, a not so subtle reference to the light of Christ, used an over abundance of artistic devices to convey light. The result. Saccharine sweet paintings that make my teeth hurt.
Where it all went wrong was that he also leveraged the general ignorance of this market. A market that is not typically a group educated in arts and culture. By saturating the market with “limited edition” prints of 250,000, or more, he was out of integrity. In the state of California, Mr. Kinkade's domicile, only 250 prints are considered “limited”, legally.
His genius? He used the franchise model to build his empire, a la eMyth’s approach to building a business. That’s right, all those Thomas Kinkade galleries that you see closing are franchises, like McDonalds. Many of these franchise owners sued him, forcing the company to delist from the New York Stock exchange.
Imagine. An artist with a company listed on the New York Stock exchange. I had to know more. So I actually interviewed one of his CPAs and he shared the basic mechanics and history of Thomas Kinkade's empire. Horrified and fascinated, I thought, "What if I learned from his success but I applied these lessons in a way that I’m proud of and with integrity?" Isn’t that what Jesus would do?
