For musicians around the world, it's time to get on the stage and sing! Being an independent musician also means that you have the ability to make the type of music that you want, affect your community, and make money on it. Considering the options available to you as a musician may help you to begin changing your mind and your career options.
How do I start this music business?
If you want to look at music performance from a business perspective, it is simply a way to advertise and market yourself to the right target market. This means that before you go to perform, have everything in place. Have an area, either locally or on the internet where people can contact you and find your music. This also means you will need to invest in putting together a CD and have it available in both hard copy and with the ability for those interested to be able to download it. The general rule is that a musician should not start playing live until they have a promo package and CD in place to make profit off of.
Even though this seems like a large investment and a lot of time, it is becoming simpler with the growth of technology. You can easily put together a home recording studio with a microphone, mixer and software like Sony Acid Pro 6 Professional Music Workstation. You can also make sure that your gigs are lined up for you to make profit. Over time, and as your specific musical expertise grows, you will be certain to make a profit off of both the gigs and the CD.
What are the investments that you have to make? Thanks again to technology, not a lot. Of course, you will need an instrument to play or software to substitute for the instruments that you don't have. A mixing board will usually cost around $250 and the software, with the basics, will usually range to be about $150. Of course, if you want more recording equipment for a different quality sound, it may cost more. After this, the only investments you will need will be based around advertising and marketing. However, for those on a string for a budget, there are plenty of free places to begin your advertising.
Of course, your options don't have to stop at performances and CDs. As most musicians may know, it is best to keep options and abilities open. For example, you can become a musician for hire for other bands and can also become a studio musician for other engineers in your area. As most already know, teaching other musicians private lessons can help increase your job as a musician. You can also offer things such as classes to those who are interested. Writing lyrics and songs for others can also bring in profit. The main concept to keep is that the more skills you have as a musician, the more you can market yourself in your locality and to different groups of people.
From here, you can expect to make a comfortable profit, depending on how you continue to advertise your skills. For example, music teachers that only teach privately with a full studio can be expected to make an average of $5,000 every month.
Even as a musician, think like a businessman! This means keeping doors open to possibilities in your local area, as well as through various types of portals. Making sure that you have tools in your musician suitcase and are prepared for any type of gig that may come your way. This will give you the ability to play music all the time and make money off of it.
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