How musicians make money

Three, thinking that being popular equals making money:

Four, not building multiple ways to increase their revenue streams:

There is a common phenomenon nowadays that musicians approach the music business and other professions in the same way. They feel that collecting a check after completing a record means that the money-making activity is over. This realization will not bring you more financial resources in music. You should stop thinking this way and stop making simply earning money from making records your main goal. Instead, you should try to establish multiple ways to increase your music related income. This will give musicians more freedom to choose to do something, such as writing songs, touring, performing or playing songs on the radio. In the end, all of your activities will pay off for you, and you'll feel more stable without having to rely on one way to make money to pay the bills.

Five: Not increasing the value of your music:

When you come up with an idea that will make you money, you'll really understand what "value" means. No matter what your musical responsibilities are, whether it's leading a touring band, writing songs in the studio, calling the shots, or producing records, everyone who works in the music system has to consider the thousands of other musicians competing for the same opportunities. If you don't want to go along with the crowd, you have to produce work that is far superior to what everyone else is doing, and that's the only way you'll be able to get a leg up on the musicians. This can't be done by improving your musical skills alone! You also need to improve all aspects of creating music, such as your personal mindset, staying emotionally stable under pressure, and being able to keep working hard all the time.

To make money from your music, you need to be 110% sure that you're the number one choice among other competitors. You have to guarantee the quality of your music before the first second someone listens to your work.

This sounds like a very simple idea, but even with such a simple idea, almost all musicians fail to follow these guidelines. After improving your level of creativity, you will be more likely to be rewarded in your music.

Some thoughts: A lot of musicians think it's "wrong" and "hypocritical" to use music to make money. They only think about improving their musical skills, and while that's important for making music, they also need to invest time in taking care of the books outside of music if they want to have freedom in their lives and creativity. That way you won't get stuck in a rut,

There aren't some precise theories here to predict your musical path, but at least it will help save you from some of the problems that can make you'll have a smoother time both musically and in life. Once you achieve more financial independence and freedom, you'll be better able to focus on playing the music you love.