Music careers can one minute be at the top of the game and then the next minute be suddenly down on the ground. Stars come and go into this industry all the time and while some are able to remain at the top earning big bucks, there are some who don’t. If you are interested in earning big bucks within the music industry, you have to avoid the following simple and very common mistakes.
Failing to Look into Other Music Adventures
There are many artists who have created their own music labels and record companies and the reason for that is they can potentially branch out and earn more money. Not all musicians earn big bucks but by branching out into other music adventure it might help you make big money. Remember, there are stars that are famous and seemingly have a lot of money but often look at other musical adventures to earn more. Some stars don’t earn as much as you think, while others simply want something to fall back on. If you fail to look at other adventures you could loss out; its one common mistake you want to avoid in the music industry.
The Belief Your Music Will Always Be Popular
While you can be a successful artist now, it doesn’t mean to say your fame will last. Look at the artists from the eighties and nineties, and think what do you know about them? Are any of them still singing? To be honest, there are lots of great artists that have had great songs but have faded from the limelight. However, if you were to do that, would you still have money to fall back on? No, your career might be over within a few years—if not months—so you have to make sure you understand you need something to fall back on. You can’t rely on the fact you’re going to be in the spotlight forever. That happens to a limited number of artists such as Mick Jagger, Rod Stewart, and Paul McCartney. The music world is very competitive so be wary.
Fame Equals Fortune
Let’s be honest, you can be famous but have no money. There are many stars throughout the world that are famous or have had fame but don’t actually have cash. You wouldn’t think so but it’s the truth and that’s a common mistake people often make when dealing with the music industry. They seem to think as long as someone is famous they have money but it’s not the case. Anyone can be famous for being a musician but have no money. If you want to earn big money in your career, you have to avoid the notion that fame brings money, you can’t rest, you have to work and work hard because that’s what’s going to help bring the money and nothing else.
While you might have great music, it doesn’t mean to say you’ll earn loads. You have living expenses, taxes to pay and probably an entourage of people following you but that doesn’t bring in the cash. You have to be realistic in terms of what you can earn in the music industry. A music career can be going great but that doesn’t mean to say you earn big. Boy and girl bands don’t actually earn as much as you would think and some groups that have more members often find some members are earning very little. The avoid things are a few common mistakes you really want to avoid in your music career. For more details read here https://www.berklee.edu/careers-music-education