Music industry is one of the best industries to work if you are a musician. Like all business, this type of industry is often misunderstood particularly for beginners dreaming to become big rock stars, pop stars, etc.
The same with other industries, the path to success is persistence, great talent, great working attitude and an extreme ability to absorbed rejections.
This short guide is written for a beginner musician wanting to work in the music industry. This is by no means an official guide and this is based from my years of experience and interaction with this industry.
The best way to show how the music industry works is by showing them logically in a chart with the interactions of key industry players:
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Music licensing for indie artist, publishers and songwriters is a nearly impossible venture. Unlike those in major labels and publishing companies that relies on very solid years of connection with the television, radio and other industries; indie music publishers is simply almost had “zero” connection with the big ones.
Why? Most of these companies, I mean the big ones are refused to work with these indie artist/ publishers and songwriters because of the lack of reputation, experience and even quality. Friends matter so much in this business and that also mean “birds of the same feathers flock together”, the indie publishers just do not belong to the feathers where most dominant publishers and labels in the business belong.
But is this impossible? I do not think so, but will be an intensely rough road for an indie publisher/ songwriter and artist. I have reflected on this so many times in the past (going back to the entrepreneurial drawing boards again and again), and write down the possible problems the indie publishers/ artist and songwriters are facing that “completely” isolates them from the giant publishers/music labels and the rest of the music business:
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Music is a risky business nowadays because of the rapid fall in the sales of CD (compared in the 80’s) and increase in piracy. But this is normal, like any other business; there is always an associated risk.
The good thing is that the best forms of investment are the one that anybody is avoiding to spend money on it. It is because these forms of investment can be:
a. Low in price
b. Low amount of competitors.
Anybody seems to be avoiding or afraid in investing music at all and this is good. It is because; it makes you easy to earn money in music business in the coming future. It will be very hard to earn money when there are a lot of investors competing (go to a public market).
You might ask: “Is it dumb to spend your own money in music business”? This might sound OK but you are not an investor. An investor carries “calculated” risk in his shoulders. If you are not willing to take risks, you might as well pray to be adopted by major label moguls and let them spend money on you. In this case, you need to wait forever.
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