What Is The Difference Between A Cd-R And Music Cd Top 5 Myths About The Music Business

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Top 5 Myths About The Music Business

If you’re involved in the entertainment business, you’ve likely heard some tall tales. Below is a list of some of the top myths about the music business.

1. People in the music business will help you out of the kindness of their hearts.

facts:

The music business is called the music business for a reason. It’s a business that happens to sell music. Businesses operate to make money. They are not in the business of making ART, but they will sell it. You might find a handful of good Samaritans willing to help for free but in general if the help doesn’t benefit the other party, they won’t help.

“People (not counting their loved ones) will help you if they think your art will make them money. They won’t help you if they think your art won’t make them money.” -David Carpenter, Esq. From The Music Business Explained in plain English-

2. Since the economic downturn people don’t buy music anymore

facts:

People buy music, but they don’t buy it like they used to. CD sales may be down, but single track sales are up! If you still don’t believe just check the iTunes sales records. Apple has reportedly sold 10 billion and counting!

3. Music stars have and earn a lot of money.

This is one of the biggest myths in the entertainment business. When you see Sean Kingston or Lady Gaga on TV you might think they are living the good life, but really the amount of money he/she brings home really depends on the terms of their contractual obligations as well as their money management skills. . Simply put, if you spend more than you earn, you’re bound to break even sooner or later.

Need examples:

MC Hammer

Marvin Gaye

Michael Jackson

Willie Nelson

Toni Braxton

Bill Joel

George Clinton

Isaac Hayes

Jerry Lee Lewis

Ron Easley

need more? The list goes on.

The fact is, all of these artists have seen the highs and lows of the music business. Michael Jackson, the “King of Pop”, even had his money troubles. No “superstar” is exempt. Good money management skills are necessary to maintain a “superstar” lifestyle.

4. You can become an overnight celebrity in the music business.

This is one of the most common myths about the music business. People believe you can sign a record deal and then all of a sudden you’re gracing magazine covers and winning Grammys. All this talk is nonsense. At the end of the day, it takes a decent amount of legwork, dedication, passion, persistence, and strong networking relationships to achieve “success” in the music business. No one became successful overnight however, some people achieved their goals faster than others. Artists like Wiz Khalifa, Kanye West and Eminem have spent years building their reputations and brands to become the people they are today. This is why working smarter not harder is essential in the music business.

5. Talent Trump’s work ethic

In today’s music business, talent still counts but work ethic is more important. An exceptionally talented person with an average work ethic will generally not be as successful as someone with an exceptional work ethic and average talent.

A strong work ethic, more often than not, means you can be consistent and that is paramount in the music business.

Why?

one word. Marketing. The ability to consistently deliver high quality to the consumer is extremely important. This is where work ethic trumps talent. A person who is able to consistently deliver a satisfactory product to the consumer is, in the words of Charlie Sheen, a winner! Because of our increasingly shortened attention spans, having someone or something fixed in our face helps in branding the product, service or person. Ultimately, this results in people getting paid!

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