Where do you currently spend your money? Is it going towards your development as an artist? Where you spend money as an artist can have big impacts on how your music career goes. You have limited resources when it comes to money, so make the most of what you have. Here are the 5 best ways to spend money for your music career.
1. Learning
Learning more about being an artist, musician, and how it all works can only improve your career. Learning is more accessible than ever before. It takes a quick google search to find ways to become a successful artist, books on the music industry, and improving your skills. Videos and tutorials on improving your vocals, music theory knowledge, and how to improve the quality of your music. All of these things can make you a better artist to have a successful career.
2. Differentiating Yourself
Your money is well spent if you use it towards separating yourself from the rest. This can come in the form of marketing, leveraging influencers, or creating a campaign that attracts the right audience. Standing out can move your career along faster and further. Make sure it is targeting the right people and delivering what they want from you.
3. Better Quality Music
Spending money on making the quality of your music better is a good investment. This can come from hiring engineers to improve your songs, producers, and skilled musicians. Anything that will increase the quality of your music to make it more professional and interesting.
4. Passive Income
As an artist you are doing a lot of things. Making, creating, and practicing music. Having a way that grows the money you already have without you having to do anything will prove to be a blessing for your career. Your money sits in your checking and savings account anyway, why not have it grow while it does?
5. Great People
When you have great people to take care of the areas of your career that are not worth your time, you will end up saving more than you spend. Great people are well worth every penny to you. Your main focus is to make great music and entertain people. That is what you are good at. By having this focus and the other members of your team focused on their responsibilities, your career can take off.
Bonus:
Visuals & Graphics
Humans see things first. The visuals of your brand and the quality of how it looks plays a big role in how people will respond to your music. If the quality of your visuals are good, than people will relate that to the quality of your music. Same goes for interest, style, and color. Visuals are what people will see first and foremost when it comes to you and your brand. Make sure they pop!