For independent artists, one of the constant pains of your career will be getting consistent cash flow. You’re not a major label artist so you won’t have the benefits of having a corporation backing you with their money and resources.
Getting money to invest in your craft is vital to a successful recording career, but that’s the tough part. How do you get enough money to invest in your music as well as support yourself?
For artist who are still living with their parents, that’s one thing, but for the ones who are also trying to support a family, it’s become a whole other thing. Most up-and-coming independent artists won’t be making enough money from their music sales or touring to support themselves, especially early in their career.
You could get a job on the side, but that would take time away from your music, and you want to be dedicating as much time as possible to your craft as possible to launch your career.
Outside of getting a job, borrowing money off friends and family or getting crowdfunding for your music, you have the option of getting investors to finance your recording career.
An investment in your music can definitely be helpful in paying for the multitude of things you need as an independent artist: studio time, graphic design, promoting and marketing your music, hiring a team, and plenty more.
The main downside is that you would effectively be in debt for the investment amount – it’s not a charity, investors expect to get a return on their money.
SO YES YOU NEED A MUSIC INVESTOR IN INVEST IN YOUR CRAFT, STAY TUNED WITH US AS WE BRING YOU ANOTHER EPISODE ON HOW TO FIND INVESTORS
