Did you know that as an individual, a group of multiple individuals, a corporation/organization, or world enterprise, can make thousands, if not millions of dollars in the worldwide music business.
Yes, this is very possible.
How is this possible?
The amount of money that is possible to accumulate will depend on a number of factors. These will include values and mindset such as talent, creativity, persistence, desire, and faith. Other influences could be outsiders, associations, making the right decisions, etc.
However, the truth is that it all boils down to one thing.
Knowledge.
Yes, knowledge of how the music business works and knowledge of where the money comes from.
It’s about identifying income producing areas.
What are the Music Income Producing Areas?
The music business is loaded with unimaginable ways that you can produce a source of income with your music.
For starters, this is just a small list of the traditional ways you already know, and of other mostly overlooked sources of income.
- Radio
- Publishing
- Motion Picture
- Soundtrack Albums
- Concerts Tours
- Mobile Devices
- Podcasting
- Video Games
- Downloads
- Trailers
- Streaming
- Record Sales
- Compilation Albums
- Karaoke
- Licensing
- Ringtones
- Greeting Cards
- Lyrics on consumer goods
- Slot Machines
- Jingles
- Food Establishments
- Consumer goods (cereal, toys)
The list can go on and on, as long as you are open to market opportunities, able to innovate and adapt to business climate changes fast, and how creative you can be.
How can you start creating more sources of Music Income?
To ignite that creativity, look around you and ask yourself
Where can we add a little bit of music?
And try going a little deeper.
With the growing and evolving entertainment business, music has defined its place as a vital piece of profitable entertainment business.
Think about the amount of movies and tv series produced every year, road shows, television and mobile technologies, applications, ringtones, streaming, downloads, cable, video-on-demand, pay-per-click, paid television, game machines, etc.
Remember to subscribe here to my newsletter for FREE Access Music as a Business Music Industry Experts Series, and FREE Weekly Music Career Transformation Strategies and Giveaways on me!
Let’s do this!
Rock on!
Love, Mia
P.S. and don’t forget – you are now a TrendCulprit!
