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.

Why? Waiting is tough, instead, plan through each steps in your music career, act on it, understand and enjoy from it. All of a sudden, music becomes a rewarding hobby and will transform that hobby into a professional career.

Below are some of the practical guides that can be applied in mostly indie musician:

Case study: For example, say you have written a lot of songs. And you are planning to record it in a studio. Then what?

First issue: Recording all songs in the music studio, can be very expensive.

Solution: You might as well select the top 3 best songs and hire a music producer then get the job done.

Second issue: If you are eager to earn in the music production process, you might as well understand different audio recording tips and mixing techniques. In this case, it will again be expensive to buy gears.

Solution: Do not buy gears unless you are capable of knowing how it works and how to use it in your home studio. This can be a very good investment in the long run particularly if you are planning to produce several songs in your own.

Decide on a realistic budget that you can invest in your music, since it is not yet proven that you can earn money on this, I recommend to spend at no more than 5% of your entire savings on this. 5% looks fine as this is still in a “hobby” and not in a “professional” stage.

OK so you proceed to produce recordings and decide to implement marketing strategy for your music online.

Third issue: Marketing needs some marketing funds. Submitting your music to Taxi , Broadjam or even starting a website needs you some money to invest.

Again, plan wisely and do not overspend, maintain 5% of your income to spend on this hobby. Do not forget to protect your investments and works by copyright protection.