Music is certainly an art; however, in relation to the music business music is all about money! If anyone or any business feels that your music will not make them money, there will be absolutely no interest in your music. That's it in the nut shell.
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Bear in mind, to always remember this. The music business is all about money!
There are a few sources of money to be made within the music industry. They include but are not limited to:
-Record sales
-Songs played on the radio
-In movies and television
-Live shows
-Song writing
-Production
-Merchandising
-Advertisements
CD-ROMs/DVDs
If you are an artist and would like to get into the music business, you need 3 very important, very good people in your corner batting for you on a daily basis. They include:
Personal Manager - One of the most of significant of the three. They should really have contacts in the music industry, keep an eye on all your affairs, advise you on things to do, help promote your music, producers to hire, who to sign with when you should go on tour, and so on.
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The personal manager will get 15% and 20% of an artists gross income and have good contacts with record businesses A&R, Marketing / Sales, and Promotion departments.
Music Attorney - A great attorney specializing in the music will know how to properly negotiate and structure the deals an artist makes. They really should have excellent contacts and be trust worthy.
Count on paying between 100 and 200 per hour for a good music attorney. If a lawyer thinks you will get signed, they forego a set fee and charge a percentage of artist's earnings. In bigger cities, you'll pay more than in smaller cities.
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Music Agent - Book concerts and special appearances. A Personal Manager will help the artist with selecting a great agent.
When you blow up and begin generating the huge amounts of money, then a good Manager / Accountant will be needed to handle your tax situation, examine royalty statements, financing tours, offer invest advice and how to manage your money.
It is not as easy as it sounds. It takes lots of hard work by a talented group of folks. Everybody has to work together to make this materialize. There are usually many people behind the scenes working to make a performer a superstar.
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Let's face it. It's all about money! Yes, the entertainment industry seems fun and exciting, but people are in it to make money. The only part that's not about money is the
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There are a ton of music websites to listen to, with countless new bands popping up every single day. It's up to you to shine and make your mark in musical history.
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