Monday, May 9, 2016

HOW 5,000 FANS CAN EQUAL A INDEPENDENT MUSIC CAREER

So you want to become a full time music artist? Well so does about 1,000 new people everyday.

This is not in anyway to discourage you this is to give you a reality check and possibly show you how to gain longevity in a industry that can be very fickle especially in the HIPHOP, POP, & ROCK genres.

As a new artist you want to aim as high as possible of course everyone wants to become the next multi-platinum selling artist doing world tours in places you never even heard of.

but in Reality only 1% make it to that level.

Now if you do not become part of the elite 1% don't fret, you can for sure make a career in music if your willing to work.

MUSIC IS 5% CREATION AND THE REST (THEE OTHER 95% IS BUSINESS)
so do your research and find out as much of the business as you can.

Now after you do your research try to figure out what you would be comfortable living with.

COMFORTABLE LIVING WITH = IN REALITY HOW MUCH DO YOU NEED TO MAKE PER YEAR TO SUPPORT YOUR LIFESTYLE AND KEEP CREATING MUSIC.

MINUS THE LAMBO'S FERRARIS AND MANSIONS and keep your yearly income sheet as real or as close to reality as possible; Factor in your actual living expenses, the cost of recording studios equipment and of course groceries etc.


for example I will use $50,000 BECAUSE IN REALITY MOST ARTIST ARE LIVING OR MAKING THIS OR LESS CURRENTLY AT THE DREADED DAYJOBS

So keeping $50,000 in mind now here comes the math on how to get to this amount every year.

At first you may have to create some debt by creating an album, most new artist with no industry budgets usually end up spending around 2,500- 5,000 per album created so to keep the figures even we will use the 5,000

Spend $5,000 to create an amazing album.  now you are at minus $5,000
I know your thinking, (but he said we was going to make money ) here comes the how to.

Now promote that $5,000 album everywhere you can, DJ'S, Social Media & everywhere possible

Hit up your friends old high school mates, college friends frats or sororities etc.
this is called BUILDING  A LITTLE  (FOUNDATION FAN BASE)

At the most you will need 100 real fans these 100 fans will net a return of $1,000 on your album if you sell your album for $10 standard cost is $9.99 per album.

$5,000 debt minus $1,000 foundation fans = -$4,000 on your way to actually making money

HOW? This Foundation fan base has friends and family, they play your music and others get interested, think of it as a family tree, now of course we all have bad branches, HATERS LOL, THESE WON'T BUY THE ALBUM BUT STILL MIGHT TELL OTHERS ABOUT IT, which may drive more people to hear your music at least & they may possibly like it.

Now to those down the line from the Foundation fan base that do LIKE YOUR MUSIC,
these will be your CORE FAN BASE for every 100 foundation fan base people you establish you can factor in 10% of the people they tell will like or support your music, WHY?  ( BIRDS OF A FEATHER FLOCK TOGETHER= IF A FOUNDATION FAN BASE PERSON LIKES YOUR MUSIC, THEIR FRIENDS WILL PRETTY MUCH LIKE THE SAME TYPE OF MUSIC) 

Now if your FOUNDATION FAN BASE TELLS 10 PEOPLE EACH ABOUT YOUR ALBUM THAT WILL GIVE YOU A POOL OF 1,000 LISTENERS, from that 10% will most likely become your CORE FAN BASE Factor the friends and people they tell and influence,
at least 10 SHOUT OUTS per CORE FAN BASE MEMBER & out of all the people they know another 10% will be drawn in. So with a 10% fan conversion rate for every 100 friends family and people that may have contact with your FOUNDATION FAN BASE / CORE FAN BASE
in a few weeks of good promoting you should now have a fan base of 1,000.

NOW WITH 1,000 FANS TOTAL HERE IS YOUR MATH = - $5,000 ALBUM COST
                                           100 FOUNDATION FAN BASE = + $1,000
                                            900 CORE FAN BASE               = + $9,000
                                           NEW TOTAL        =   $5,000 PROFIT ( TO FUND NEXT PROJECT)

NOW KEEP PROMOTING TO GET YOUR CORE FAN BASE TO 5,000 MEMBERS

5,000 MEMBERS IN YOUR CORE FAN BASE = $50,000 .


If you release 2 albums per year at a $5,000 cost per album then your will need 6,000 members in your CORE FAN BASE to net $50,000 per year. etc. 

I hope this gives you a little hope and insight on how to turn your passion into a career that you can live off of really soon and Much Success , remember to reach out to Me or my team @ THENXTSTAR www.thenxtstar.com we are all about the promotion and support of independent artist like yourselves.


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