As an independent musician and/or recording artist, if you
did *NOT* earn $30,000 (or more) with your music alone
last year, let's jump right in and get you started with doing
so this year.
Again, bear in mind that the main necessary ingredient is
"consistency" of every aspect, and on a weekly basis.
Remember! This is a worst case scenario, in regard to
what you should be able to easily earn within each aspect,
and you are very likely to earn much more.
The "lead generator(s)" in each aspect reflects the various
resources that you will use to obtain results in these areas.
So, here is the financial mathematical layout.
[---GIG EARNINGS---]
Practically any band should be able to market and promote
itself well enough to obtain, at least, one gig per week,
whether the band is based in a metropolitan or rural setting,
and whether it performs on a fulltime or part-time basis.
So, in our worst case scenario, let's look at getting one gig
per week:
1 Gig X 1 Week @ $300 X 4 weeks = $1,200 per month
Lead Generators:
* Contacting venue managers and bookers directly
* Signing on with an area booking agent
* Placing low-cost ads in your area weekly newspapers
* Contacting area performance theaters
* Host your own gig at an area hall or theater
* Contacting high schools for performances
* Contacting college student activities offices for
performances
* Low-cost college newspaper ads for possible gigs
* Low-cost college radio ads for possible gigs
* Your website calendar gig notices/tours
Note: Provide your media kit and business card to
prospective clients.
[---GIG CD SALES---]
As you are already aware, most gig employers will allow
you to sell your music during performances.
So, in our worst case scenario, let's look at getting sales
during gigs, with a minimum of 100 people at each gig, and
with 10% (10 sales) of the crowd who, after witnessing your
mind-blowing spectacular performance, suddenly realize
that life is not worth living, and they simply cannot go on
unless they own a copy of your CD:
10 sales X $10.00 (per CD) X 4 weeks = $400 per month
Our monthly sub-total is now $1,600
Lead Generator:
* Your incredible stage performance that left them
mesmerized.
* Your website for additional sales
[---TEACHING---]
Right now, in your own area, there are innumerable people
who would like to learn to play your instrument, or be able to
sing as half as well as you. So, why not teach them how to
do so while earning a bit of income doing it as well?
So, in our worst case scenario, let's say you teach only one
day each week, with only two students, at one hour each,
while charging $10 per student, per lesson:
1 day X 2 students X $10.00 (per student) X 4 weeks = $80 per month
Our monthly sub-total is now $1,680
Note: If you decide to devote an entire day of the week to
teaching, say 8 students/8 hours, your income increases to
$80 per day/$320 per month.
You can also consider contacting area community colleges
that will likely be receptive to your classes within their
"Continuing Education" program, which can even pay a bit
more money. And, if time allows, why not get the best of
both worlds, so to speak, by teaching both independently,
as well as within the college system?
Lead Generators:
* Placing low-cost ads in your area weekly newspapers
* Contacting high schools to post notices/fliers
* Low-cost college newspaper ads
* Low-cost college radio ads
* News releases to area radio and print papers
* Feature interviews on area radio and in newspapers
* Your website with your class notices
Note: Provide your credentials to student prospects in the
forms of a resume and/or portfolio.
[---ONLINE SALES---]
Just a few noted sites include:
CD Baby ( http://www.cdbaby.com )
The Orchard ( http://www.theorchard.com )
Amazon.com ( http://www.amazon.com )
New Artist Direct ( http://www.newartistdirect.com )
With fairly decent online promotion, at the least, you ought
to be able to realize an average of 3 sales per week from
each of these sites. While all may not produce those 3
sales individually each week, some of them are likely to
produce more than 3 sales, dependent upon your
promotional efforts, of which should still average out to
3 sales each.
However and again, let's review a worst case scenario:
4 sites X 3 sales each X $7.00 = $84 X 4 weeks = $336
Our monthly sub-total is now $2,016
Lead Generators:
* Peripheral online sales from gig audiences
* Low-cost ads in area weekly newspapers
* Low-cost college newspaper ads
* Low-cost college radio ads
* Internet marketing and promotion on music message
boards, music forums, and within discussion list signature
files
* News releases to area radio and print papers
* Feature interviews on area radio and newspapers
* Your website sales
[---WEDDINGS---]
Though weddings occur within every month of the year, the
biggest and most traditional month for weddings is June.
And, right now, in your own area, there are quite a few
being planned for this summer. Weddings are one of the
most lucrative income generators for musicians, because
families generally are very liberal in spending on them, and
go all out, so to speak, for this special day for their
daughters.
So, in our worst case scenario, let's say you can get, at
least, one wedding gig per month, at $1,000 per gig (more
wedding gig opportunities are likely during summer months
especially):
$1,000 X 9 months = $9,000
Our monthly sub-total is now $3,016
Lead Generators:
* Caterers & Catering Services
* Placing low-cost ads in your area weekly newspapers
* Your website notices of your availability for weddings
* Providing your business card to area upscale restaurants
that cater wedding receptions and banquets
* Your business card left with flower shops
* Your business card left with jewelry stores
* Your business card left with bridal shops
* Your business card left with tuxedo shops
* Your business card left with bridal services
Note: You should also provide your business card to
wedding attendants who inquire about your services for
upcoming functions that they may be hosting in the future.
[---WEDDING CD SALES---]
You may also be able to sell your CD at weddings, however,
ASK FIRST when coordinating your performance
arrangements. Attendants usually interact with the band, as
it is a happy occasion.
If you are allowed to sell your recordings at weddings, you
should do so passively by having your CDs placed near the
performance area in a conspicuous position.
However, I would not "hard sell" (repeatedly mention) the
CD from the stage, unless of course, a wedding coordinator
decides to do so, or states that you may do so.
So, in our worst case scenario, let's say, at least, 100
people attend each wedding (more are likely to attend
many weddings), with 10% of them purchasing your CD:
10 sales X $10.00 (per CD) X 1 month = $100
Our monthly sub-total is now $3,116
Lead Generator:
* Your performance
* Your website notice
[---RETAIL STORE CONSIGNMENT SALES---]
Since stores won't be laying out cash in advance for your
music, you should have very little problem consigning your
music to retailers.
A word of advice is for you to not consign more than five
copies per per store, per 30-day period, at any time.
Limiting copies to stores will allow for sufficient time in your
product moving off retailer shelves.
Consider getting your product consigned with, at least, five
area retailers. However, if there are not enough music
stores in your area, consider consigning it with other
retailers such as; bookstores, flower shops, jewelry stores,
and any other such retailer that gets quite a bit of traffic
and might be interested in carrying your music.
You will, generally, be required to present retailers with your
own consignment form, and I have created one that you can
freely download and customize for your own use at: http://www.MuBiz.com/CnsnmtFrm.html
Just be sure to duplicate it so that both you and the retailer
have copies.
So, in our worst case scenario, let's look at your area retail
possibilities:
5 Stores X 5 copies X $8 (your take) = $200 per month
Our monthly sub-total is now $3,316
Lead Generators:
* Low-cost classified or display ads in area newspapers
* Low-cost radio ads
* Low-cost cable television ads
* News releases to all forms of media
* Feature interviews at local television, radio stations and
print media
* Music reviews in your area print media
* Your website listing area stores carrying your music
Note: Provide your media kit and business card to retailers
in order to further influence their decision in consigning
your product.
[---PRODUCTION---]
Did you produce your own CD? If you did, and if people are
raving about how great it is, why not consider producing
other area bands as well for some extra cash?
Between now and the end of this year, you should be able
to produce, at least, two acts for, at least, a $1,000 fee
each.
Lead Generators:
* Word of mouth and fellow musicians you know
* Placing low-cost ads in your area weekly newspapers
* Low-cost college newspaper ads
* Low-cost college radio ads
* Your website notice of your production skills
* Fliers in music instrument stores
Note: Provide your media kit and business card to contacts.
As our monthly sub-total is $3,316, providing a grand
sub-total of $29,844, when you add on your $2,000
production fees for both bands that you produce, your
minimum grand year-end total comes to $31,844.
As I stated at the beginning of this article, each of these
aspects contain 'bare bones' minimum figures in respect to
what your earning potential is within them.
* Special Note: In each of these areas, it is very likely that
you will experience repeat business, as well as word of
mouth promotion, which will further add to your annual
income this year, thus, creating the potential for doubling or
even tripling your income.
Kenny Love is president of http://www.MuBiz.com, a radio promotion and media publicity firm that also provides business and career services to musicians.