If you might be concerned within the leisure enterprise you then’ve in all probability heard just a few tall tales. The following is an inventory of a number of the high myths in regards to the music enterprise.
1. People within the music enterprise will assist you out of the kindness of their hearts.
The music enterprise known as the music enterprise for a purpose. It is a enterprise that simply so occurs to promote music. Businesses are in enterprise to earn cash. They usually are not in enterprise to make ART, nonetheless they’ll promote it. You might discover a handful of excellent (*5*) prepared to assist without cost however typically talking if serving to doesn’t profit the opposite celebration, they will not assist.
“People (not counting loved ones) will help you if they think your art will make them money. They will not help you if they think your art will not make them money.” -David Naggar, Esq. from The Music Business Explained In Plain English-
2. Since the financial decline folks aren’t shopping for music anymore
People are shopping for music, however they are not shopping for it in the identical approach they used to. Sales of CDs could also be down however the sale of single tracks is up! If you might be nonetheless an unbeliever simply examine iTunes gross sales data. Reportedly, Apple has offered 10 billion and counting!
3. Music superstars have and are making tons of cash.
This is without doubt one of the greatest myths within the leisure enterprise. When you see a Sean Kingston or Lady Gaga on tv you could suppose that they’re residing the great life, however actually the amount of cash he/she brings residence is admittedly depending on the phrases of their contractual obligations in addition to their cash administration abilities. Simply put, in the event you spend greater than you make you might be certain to go broke ultimately.
Jerry Lee Lewis
Need anymore? The checklist goes on.
The truth of the matter is that every one of those artists have seen the highs and lows of the music enterprise. Micheal Jackson, the “King of Pop”, even had his cash woes. No “superstar” is exempt. Good cash administration abilities are wanted with a view to keep a “superstar” life-style.
4. You can develop into an in a single day superstar within the music enterprise.
This is without doubt one of the commonest myths in regards to the music enterprise. People imagine which you could signal a report deal after which suddenly you might be magically on journal covers and receiving Grammy awards. All of this speak is nonsense. At the top of the day it takes a good quantity of leg work, dedication, ardour, perseverance, and powerful networking relationships to attain “success” within the music enterprise. NO ONE HAS BECOME SUCCESSFUL OVERNIGHT nonetheless, some folks have achieved their objectives sooner than others. Artists akin to Wiz Khalifa, Kanye West, and Eminem spent years constructing their fame and types to develop into the folks they’re at present. This is why working smarter and never tougher is important within the music enterprise.
5. Talent Trumps Work Ethic
In at present’s music enterprise, expertise nonetheless counts however work ethic counts for extra. An terribly proficient particular person with common work ethic will typically not do in addition to somebody with extraordinary work ethic and common expertise.
A powerful work ethic, most of the time, means which you could be constant which is of the utmost significance within the music enterprise.
One phrase. Marketing. Being capable of constantly ship prime quality to the buyer is paramount. This is the place work ethic trumps expertise. An individual that is ready to constantly ship a passable product to the buyer is, within the phrases of Charlie Sheen, WINNING! Because of our more and more shortened consideration spans, having somebody or one thing constantly in our faces helps in branding the product, service, or particular person. Ultimately, this ends in folks getting paid!