If you are involved in the entertainment business then you've
probably heard a few tall tales. The following 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.
music business is called the music business for a reason. It is a
business that just so happens to sell music. Businesses are in business
to make money. They are not in business to make ART, however they will
sell it. You may find a handful of good Samaritans willing to help for
free but generally speaking if helping does not benefit the other party,
they won't help.
"People (not counting loved ones) will help you
if they think your art will make them money. They will not help you if
they think your art will not make them money." -David Naggar, Esq. from
The Music Business Explained In Plain English-
2. Since the economic decline people aren't buying music anymore
are buying music, but they aren't buying it in the same way they used
to. Sales of CDs may be down but the sale of single tracks is up! If you
are still an unbeliever just check iTunes sales records. Reportedly,
Apple has sold 10 billion and counting!
3. Music superstars have and are making tons of money.
is one of the biggest myths in the entertainment business. When you see
a Sean Kingston or Lady Gaga on television you may think that they are
living the good life, but really the amount of money he/she brings home
is really dependent on the terms of their contractual obligations as
well as their money management skills. Simply put, if you spend more
than you make you are bound to go broke sooner or later.
fact of the matter is that all of these artists have seen the highs and
lows of the music business. Micheal Jackson, the "King of Pop", even
had his money woes. No "superstar" is exempt. Good money management
skills are needed in order to maintain a "superstar" lifestyle.
4. You can become an overnight celebrity in the music business.
is one of the most common myths about the music business. People
believe that you can sign a record deal and then all of sudden you are
magically on magazine covers and receiving Grammy awards. All of this
talk is nonsense. At the end of the day it takes a decent amount of leg
work, dedication, passion, perseverance, and strong networking
relationships to achieve "success" in the music business. NO ONE HAS
BECOME SUCCESSFUL OVERNIGHT however, some people have achieved their
goals faster than others. Artists such as Wiz Khalifa, Kanye West, and
Eminem spent years building their reputation and brands to become the
people they are today. This is why working smarter and not harder is
essential in the music business.
5. Talent Trumps Work Ethic
today's music business, talent still counts but work ethic counts for
more. An extraordinarily talented person with average work ethic will
generally not do as well as someone with extraordinary work ethic and
A strong work ethic, more often than not, means
that you can be consistent which is of the utmost importance in the
One word. Marketing. Being able to
consistently deliver high quality to the consumer is paramount. This is
where work ethic trumps talent. A person that is able to consistently
deliver a satisfactory product to the consumer is, in the words of
Charlie Sheen, WINNING! Because of our increasingly shortened attention
spans, having someone or something consistently in our faces helps in
branding the product, service, or person. Ultimately, this results in
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