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Anyone can join the discussion and contribute relevant articles to Music Think Tank.  Begin by signing up and then logging in to publish your posts directly to MTT Open. Please make sure that your posts are in the proper format before posting (see previous posts) and that there are minimal errors such as grammar or spelling. Popular articles are occasionally moved to the front of the site. Contributors own and operate this blog (more info).

Entries in advice (11)

Saturday
Dec072013

MusicThinkTank.com Weekly Recap: How To Make Money With Music Part 1: Gigging

Wednesday
May082013

3 Ways Your Band Can Use Creativity to Make More Money

Money. Many artists struggle with it: either we’re poor at managing income or we lack creativity in getting it. It’s clear that with the shape of the music industry, most artists aren’t making a living from record sales. So how are they getting the support that they need?

You might argue that some bands make their money from performing: they command large guarantees when playing a show. Another popular idea is that most bands survive because of merch sales (few promoters provide a decent guarantee, if one at all). Others see crowdsourcing as the new golden calf.

I don’t think there is a one-size fits-all model for all artists. What artists need is something that is personal, transparent, and appropriate for their career. In 5 Non-traditional Ways to Promote Your Music, I called upon artists to use their creativity when it comes to music promotion. I think the same could be said of your sources of income as well.

Click to read more ...

Wednesday
Nov072012

5 Things You Can Learn From Your Day Job in Your Music Career

Martin Atkins, touring artist and author of the book Tour:Smart, recently did an interview with CD Baby President Brian Felson where he basically said: keep your day job! 

I agree - it’s important to be strategic about your job so that instead of “quitting” your day job, you can replace it with another career: music. However, as long as you are there, it’s important to pick up as many skills as possible that will be useful to the working musician. Here’s a list of things that you should be learning from your day job:

Click to read more ...

Monday
Nov212011

Best Kept Secret for Advancing Your Music Career

Let’s paint a scenario. Let’s say you’ve got some great music. You’re an up-and-coming independent. It doesn’t matter who you are - the songwriter, the producer, the artist, the manager, or the indie label owner. You’ve generated some pretty good buzz for that music. And, you happen to have $5000 to spend. What should you spend it on? What would really help advance your career?

A. Spend it on advertising
B. Spend it going on tour
C. Hire a publicist
D. Hire a lawyer
E. Hire a college radio promoter

And the correct answer is…

Click to read more ...

Tuesday
Jun212011

Preparing For The Studio

So you’ve finally saved up the money to record your masterpiece. You’ve found the perfect producer that “gets you” and you’ve set the date to start recording. Life is good! Now what? You know there is more to it. But what is it that you should be doing from now until your project starts? Do the people who make amazing albums just get lucky? No they don’t. Being prepared means everything. Football player and Super Bowl champion Ronde Barber has this to say, “There is no such thing as luck. Bounces go either way. Every day and you have to take advantage of those situations. You call it luck and I call it being prepared”.

Click to read more ...

Wednesday
Mar092011

How To Actually Make $50,000 a Year As a Musician

One of the reasons we started MusicianWages.com was because of the huge reservoir of unqualified career advice that was being served to musicians online. I usually keep quiet about the charlatanry tips I find online, but I just can’t pass this one up. It displays the characteristics of bad career advice so acutely that I just have to point it out.

The Busking Alchemist

This article dropped onto my reading list this past weekend. Want To Make $50,000 a Year In Music? Start With One Dollar a Day. There’s a pair of sentences early in this article that are particularly telling. One of the things that mystifies me about this article is why it continues after this:

Click to read more ...

Saturday
Oct312009

Email 101 for Artists

Email is an essential part of the fan relationship equation for artists, labels, and managers. While it is difficult to say the exact value of collecting any individual email address for musicians, marketers from other industries peg the generic value of getting an email at about $1 each.   But it’s all about what you do with it once you are given the great responsibility of owning it.  We have seen Artists generate as much as $10 per email address on their list, when used properly.

Email has some interesting attributes going for it, like:

Click to read more ...

Monday
Oct262009

Ending agreements in the beginning for bands. 

Many musicians feel like the band they are in is destined for success and that the group will never break up. Even after being a part of a number of bands, there is still that glimmer of hope—which is not a bad thing, but often times it can set you up for problems further down the road. Imagine that things are really starting to take off, money is coming in, you have forward motion and momentum. At this point, things feel good, everyone is happy, decisions are made fast, and quite possibly, never formalized in writing.

Now fast forward two years. For some reason, whatever reason, someone is leaving. The band is breaking up. If there was already fighting going on, it escalates: arguments over who gets what, who is owed what, and who has rights to what. Everything is twice as challenging and twice as hard. In a lot of cases, people hate each other, the fights get louder and harsher. This is not an atmosphere in which any equitable decisions can made.

Simple Solution

It really comes down to a very simple solution: In the early stages, while the band is new, while things are getting ready to happen, and most of all while everyone is happy and friendly, work to set up your end agreements then.

Click to read more ...

Saturday
Oct242009

Happy 'Quit MySpace' Day

Everyone uses MySpace - because everyone else uses MySpace.

But the site fails to recognise or make use of the fact that they have what could well be the greatest asset on the internet: EVERY FRICKIN’ BAND ON THE PLANET.

We all have our complaints and issues with MySpace. It isn’t all it could be - and while it’s improving in increments, it’s not good enough. This article is a call to arms. It’s time for a revolution. Either they start doing independent music right - or we ALL walk.

Let’s give them one year - then we’re gone. Here’s why.

Click to read more ...

Monday
Oct192009

What happened? A rant about the work ethic of many musicians

What ever happened to true effort, the desire to learn and develop ones ability? What happened to the problem solvers? What happened to the ones that could look at a problem or at something going wrong and continue on in the mode to make it right or at least better? What happened to the hunger that was followed with the effort to do that extra work, take that extra step or go just a little more above and beyond? When did the laziness set in, the complacency, and when did the expectations grow to the point where some think it should simply come their way and they deserve all they want with as little effort as possible.

Click to read more ...

Monday
Oct122009

Cancellations and Rescheduling

So the show got cancelled. Whether it was your fault, the venues fault, the manager’s fault or the weathers fault, it really doesn’t matter. It is strange to me that when something goes wrong, people seem to be much more about figuring out who did something wrong and assigning blame over the much more obvious and much more effective problem solving and doing what you can to make the best out of the situation.

Gigs are going to get cancelled or rescheduled. Times are going to occur when you are going to be double booked. You can take the right steps to organize and track things the best you can, but problems occur and sometimes they just can’t be helped. I have heard bands scream and moan about this booking agent or that manager messing up. Then I have seen the online postings where bands blast venues and then the venues go back blasting bands. This really doesn’t solve a single thing and it keeps you further as well as takes up time you could use to reschedule, take steps to make sure it does not happen again and reach out to your fans and people that were going to come to the show.

Click to read more ...