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One of the biggest challenges facing musicians is generating income. Gone are the days when a band could rely solely on music sales and touring to earn a living.
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Part of the reality of being a working musician today is the need to diversify your revenue streams. Although sales of recorded music have gone down significantly in recent years, there are new sources of income available to musicians.
Whats Ahead For Artists, Labels, and Fans: Industry Insider Jeff Rabhan Predicts the Future of Music
Let’s get out our tarot cards.
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Wondering how to set up your own publishing company? The process is lengthy and expensive, let’s start with two alternatives that will also allow you to collect all of the royalties you are owed without the hassle.
1) Join Songtrust.
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Are you a songwriter and an artist? If you plan to sign to a label and release your music, watch out for the Controlled Composition Clauses! What are these feared clauses you may ask?
Looking for a little inspiration in the music marketing and promotion department?
Check out this list of some of our favorite online resources for independent musicians:
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One of the most important things you can do to prepare for the year ahead is to create a budget for your musical activities. Having a budget will give you a much clearer look at where you want to go financially, how you’ll get there, and what your progress is along the way.
We’ve broken down the process into 4 simple steps to help you create a budget ...
New year — new ways to put your music to work
Here is a quick list of artist revenue streams you may not’ve tried to tap into yet.
Remember, I said “streams.” Not all of these options are going to turn into giant rivers of cash on their own.
There’s no secret formula for how to make a living in the music business, and some of the advice in this post flies in the face of conventional wisdom