Top 5 Myths About The Music Business

If you're in the entertainment business, you've probably heard some tall stories. Below is a list of top myths about the music business.

1. Music business people will help you out of the kindness of your heart.

Fact:

Music business is called music business for reasons. It is a business that sells music. Companies are doing business to make money. They don't do business to make ART, but they sell it. You may find a few good Samaritans who are willing to help you for free, but generally speaking, if they don't benefit from helping them, they won't help.

"People [except for loved ones] will help you if you think your art will make money. If you don't think your art will make money, they won't help you." -David・ Naga, Esque From music business explained in plain English

2. Due to the economic downturn, people no longer buy music

Fact:

People buy music, but not as before. CD sales may have fallen, but single truck sales are growing! If you are still unbelievable, check your iTunes sales records. Apple reportedly made 10 billion sales.

3. Music superstars make a lot of money.

This is one of the biggest myths of the entertainment business. If you watch Sean Kingston or Lady Gaga on TV, you may think they are living a good life, but the amount he / she takes home is actually contractual obligations and money management skills Really depends on the conditions. Simply put, if you use more than you make, you will sooner or later break.

Need an example:

MC hammer

Marvin Gaye

Michael jackson

Willie Nelson

Toni Braxton

Billy Joel

George Clinton

Isaac Hayes

Jerry Lee Lewis

Ron Eisley

Do you need it anymore? The list continues.

The fact of the matter is that all these artists see the high and low of the music business. Michael Jackson, the “King of Pop”, even had financial problems. "Superstar" is not exempt. In order to maintain a “superstar” lifestyle, you need excellent cash management skills.

4. You can become a celebrity overnight in the music industry.

This is one of the most common myths about the music business. People believe you can sign a record contract, and suddenly you are magically on the cover of a magazine and winning the Grammy. This story is all nonsense. After all, to achieve “success” in the music business requires a significant amount of leg work, dedication, passion, patience, and strong network relationships. But no one was a successful overnight, but some people achieved their goals faster than others. Artists such as Wiz Khalifa, Kanye West and Eminem have built their reputation and brand over the years and have become people today. This is why it is essential to work smarter and harder in the music business.

5. Talent wins over work ethics

In today's music business, talent is still important, but work ethics are even more important. An exceptionally talented person with an average work ethic generally does not perform as well as a person with an extraordinary work ethic and exceptional talent.

Strong work ethics often means being able to maintain the most important consistency in the music business.

why?

A word. marketing. It is paramount that we can consistently deliver high quality to consumers. This is where work ethics outperforms talent. For those who can consistently deliver satisfactory products to consumers, in the words of Charlie Sheen, WINNING! Because our range of attention is getting shorter and shorter, having someone or something consistently on our face helps branding a product, service, or person. Ultimately, this will make people get paid!