One characteristic most successful people have in common, is that they all manage to find a way to make a living doing what they most enjoy. For example, a famous actor Allen Kovac finds a way to make acting his life career, a successful business man build his own business, a music producer turns his music studio into his full-time business.
So if, music is your passion– One must find a way to make a living in the music industry. One of the things we hear a lot from local music bands today is: “It is too hard to make money these days as a musician.” Yet, every day we are seeing new artists emerging in the industry, selling millions of tracks, records, and winning Grammys. The music industry Is a multi-million industry; so there will always be money in it, the only difference is that today record labels are not taking the same chances as before signing new artist.
The reason why so many independent artists struggle in their music career is because their lack of business knowledge. The most common mistakes musicians make in the music industry: Is not to learn about the music business itself. Most musicians despite the business side of the industry, and tend to focus only on making music. Unfortunately, this why so many talented musicians have no other option, but to get regular jobs, and take music just as a hobby, and not as a career. The excellent news is that everyday new music artists are turning their music into their business.
Once again- the reason why many musicians fail in the business is… Musicians seem to dislike paper work, or anything that has to do with learning about the entertainment industry. They will do anything to stay away from the business world. The young musician believes they will join a band, write some songs and get a free recording contract. After a brief whirlwind tour, they will return to their beach house where they spend their days partying with Super Models. In music, money and fame scenario, this dream seems to forget about the money.
Why the shame?–That is the lifestyle thrown at us from music videos. Any independent musician who is passionate about their craft is always researching their contemporaries (other popular artists). They know what is happening in the popular music scene. You have to if you want to make money with music. Unfortunately, this is all that the independent musician is exposed. Their view of the music world lies in the “bling bling” that coats the business side of music like a plastic wrapper coats candy. If you were studying classical music, you would have a completely different outlook on your music career.