Most upcoming musicians think that one has to know “somebody” in order to become a successful musician, and even gain a huge fun base. This, however, is utter nonsense, as we can see from so many self-made musicians who are making money from successful careers. In this article, we are going to take a look at the secret to making six figures from music.
Upload and Pray – Bad Strategy
There are those who think that music is as easy as getting the album done and then uploading it to platforms such as ReverbNation and CDBaby, and keeping their fingers crossed as they wait for it to go viral. The reality is that they could end up waiting forever to make it using such means. Avoid thinking that money in music can be made this way.
Sign a Record Deal – Bad Strategy
Most musicians are conditioned to think that once they sign record deals, the heavens will open their doors to them. This strategy is like bootlicking a dealer to listen to your music and decide if it is good enough for them to sign you to a deal. One thing that the musicians do not realize, is the fact that once the record companies sign them up, the music tends to become the record company “song”, and in many cases, they even end up owing money to the record companies. This is usually through inflated fees and hidden costs, which are charged to the musicians.
Facebook will Make Them Famous – Bad Strategy
Many musicians also think that Facebook is a miraculous tool that will shoot them into stardom instantly. In reality, Facebook and other social media platforms are the hardest places to get paying customers for music.
Build an Email List – Excellent Strategy
The larger your fan base, the more your income, and one of the best ways of growing your fan base is by creating a mailing list and generating a relationship with them. Let them know of your latest music launches and invite them to attend or buy the music. Give them offers that will encourage them to buy, and most of all, give them good music for their niche. To create an email list, one needs to find the fans of the music genre they play, give them your best music and videos, make them your friends, and be real. A don’t at this stage is not to spam them with sales messages as this will scare them away. Create a genuine connection with the fans and you will run all the way to the bank.
Hiveage – Free Invoice Generator
As your music grows, you can divert into other businesses such as selling merchandise to your fans, and especially on your website, social media pages, or live shows. You would want to get a free invoice generator to help you manage your finances better. This is where the Hiveage free invoicing generator comes in. This is a system which performs the following functions to ease your work:
- Requesting payments from clients
- Tracking sales
- Tracking stock and inventory
- Forecasting and planning for the future in regards to past and present data
- Record tax filings
Summary
The tips above are some of the ways through which you can make money from your career as a musician. Try them out and give us feedback on how it went.