Making money in the music business (affiliate link) is much more than recording a song and sending it to every record company in the world. Once you learn how to get a songwriting record deal, you’ll realize that it doesn’t equal money. Here are some points to consider if you’re serious about learning how to make money in the music business:
Damn Good Music
First, having a good song recorded is a starting point, but you also need to have a complete album recorded. Your music needs to stand out not only from your competition, but also from the music on the Billboard Hot 100. Although you can make a great recording at home with the right equipment, you should record in a professional studio. Recording studio time costs money. Here are some great ways to save money in the recording studio.
Polish it with Mastering
Once you have a great recording, you need to finish it up with mastering. Mastering is the process in which your music gets the finishing touches put on to perfect the sound. This can make a huge difference in how the listeners and record label judge your songs.
How Are You Looking?
After your recording, you have to work on your overall image. A record label might sign you based on your music (rare), but a stunning image and look can make all the difference between not getting signed and getting signed. The same applies to your product. Record companies see a too many CDs every day! It is your job to create something that stands out from the rest.
Getting your music heard by the public is yet another step. Find a way to book gigs for yourself, even if you play for free. Let the local newspapers and magazines know when and where to play. Doing benefit concerts can help strengthen your image. Remember that any free press you can get is advertising for you and your band. You don’t necessarily have to spend money for advertising. Finding creative ways to promote yourself is very important at this stage of your career.
Connect with People
Giving away free or “promotional” CDs are also a very valuable opportunity for you. You might know some people in the business, but even if you don’t, a possible connection could generate through a friend of a friend. Try knocking on doors, sending in CDs as gifts, and always have a CD on hand because you never know when or where you will find someone who needs your style of music.
Stand Strong No Matter What
Once you begin contacting labels and producers, be sure to target the right people, and prepare yourself for plenty of rejection. When you do get rejected, take some time to do little things such as sending a letter thanking them for taking time out to listen to your music. Something as small as a thank you note may get you noticed by a label and may also get you a chance to meet with the label!
No matter what feedback you get from record labels, good or bad, you should always respect and reflect on their opinions. Even negative comments must be used as constructive criticism to help improve you music. Small changes in your music are the difference between success and failure.
Good Management Starts with You
Finally, a good manager is also valuable, but you must also be ready to handle your affairs yourself. Keep in mind that managers can work with a lot of different artists, and small new artists might not command their attention. Take time to learn to how to market yourself, stay consistent, and you will see results over time. Through planning, trial-and-error, and coincidences, you will learn how to make money in the music business.