How Much Money Do You Make With Your Music? Why?

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Are you making as much money with your music as you’d like?  I’m going to assume that if you’re reading this that you’d probably like to become more successful and make more money with your music.  So my questions to you is, “What is your story about why you’re not as successful as you want to be?”  Is it because of the economy?  Is it because club owners are greedy?  Is it because the music business is going to Hell?  Is it because the general public doesn’t know good music when they hear it?  If you actually believe that any of those justifications are true then I challenge you to consider another way of looking at things.

What you make from your music is exactly what you should be making.  Your abilities and your actions have lead you to exactly where you are and based on what you’ve put in, you could not have gotten any other result.  You can’t become successful by wishing that club owners or promoters would see the true value of your art and stop seeking their own profit.  You can’t become successful by bashing your head against the wall in response to low turnout at your shows.  You can’t become successful by begging people to buy your CDs.

So how do you change the equation?  I think it helps to start by forgetting for a moment about how you ‘wish’ things were and how things ‘should’ be and taking a look at how things really are and why.  Reality is not a dirty word.  There is no virtue in holding idealistic thoughts in your mind if you don’t translate them into reality.  If you’re not dealing in reality in the first place then you cannot make progress in reality.

It’s easy for us to see when other people aren’t dealing in reality.  The difficult part is seeing that about ourselves.  Have you ever known someone who was in love, but couldn’t see that they were driving the other person away because they were too needy and overbearing?  You can see someone else doing that from a mile away, right?  Well, you just might be doing the equivalent to your fans and the club owners that you deal with.  Are you being too needy, wishing the other person/people/reality would change, and holding onto unrealistic idealistic beliefs in order to justify your results?

What the guy who’s in love should probably do is to forget about the immediate result that he’s after and change himself so that the kind of girl he wants will be attracted to him.  He could learn some new skills, improve his appearance, gain some new experiences and become a more interesting person.  The kind of person who draws people to him.

So what you or your band may want to do is to forget about trying to pull every last favor to try and get more people at your next show, forget about trying to convince the club owner of the value of your art and forget about trying to get all your friends on Facebook to vote for you in a popularity contest.  What you really should be doing is becoming a better band, with better songs, better promotion and a more interesting story.  The kind of band that naturally draws people to them.

By increasing your band’s value to your fans, to club owners, record labels, etc. you will start to make more money. If you don’t actually become more valuable to those people then you won’t get more money from those people. Don’t convince them that you’re a valuable part of their lives or business – become a valuable part of their lives and/or business.

[Check out this video from the late, great Jim Rohn on why you make the amount of money you make.  Yes, this does relate to your music career.  There is some extremely valuable insight here if you can connect the dots.  How valuable is your music in the marketplace?  How could it become more valuable?]

“Asking is the beginning of receiving. Make sure you don’t go to the ocean with a teaspoon. At least bring a bucket so the kids don’t laugh at you!”

- Jim Rohn

5 Comments

  1. Todd Low says:

    Great article!

    Now for the tricky part…determining what’s considered “valuable” to your potential fans. Any ideas?

    I play drums in called Radagun. We are a Jacksonville, Florida based rock band trying to live out our dream!

    Reply
  2. Scott James says:

    Hey Todd,

    Thanks for the feedback. Here’s an excerpt from a newsletter I sent out a few months ago that addresses your question:

    “Ask at least 5 true fans what they like about you and/or your band. Why do they go to your shows? Why do they buy your music? Be open minded and dig for insights. Don’t get caught up in the words they use – look for the emotion. Some people might not readily admit the real reasons they spend money on your band. Do a little big of digging and notice what they get excited about Approach this with openness and curiosity. Don’t just look for validation on what you already think you know.

    Do they show up because they know all their friends will be there and they want to go to the after party? Do they buy your music because it gets them pumped up when they’re at the gym? Do they go to your shows because you have the best drummer in town and they want to hear him play? Do the girls think your bass player is hot?

    When you learn this information you can make conscious choices about what to do with it. The quickest path to success is to give the people more of what they want.

    Of course you might not like what you find when you start digging. If you want to make things better then you have to be brave enough to accept that. You may find that a lot of people support you out of obligation, or that it’s got nothing to do with your music or whatever it is that you value. If that’s the case then you might want to re-consider your approach. The key is to learn more about what’s really going on so that you can make smart decisions based on what really matters.

    So your homework is this: Talk to at least 5 fans and find out why they spend money on you or your band. When you think you’ve gained a new level of insight, decide what you’re going to do about it. Brainstorm 3 things that you’re going to do based on what you learned.”

    Reply
  3. JLB says:

    So true! I am not in the music industry however I find myself thinking back to your blog frequently.

    Oh, and a custom web site for Christmas is a fabulous idea! Love it~

    Reply

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