Make Money as a Musician
So what are the different venues for surviving as a musician? Stop number one would be the street musician who serenades the people of any good town or city with beautiful rhythmic music. The people in turn tip the musician and he or she is lightly compensated for his or her time. Though this will never make you the big bucks, it pays better than minimum wage.
Now onto some more glamorous means of making a living as a musician. I did a little research to find out how much money musicians make from touring and playing concerts. It turns out that only the primo bands such as Bon Jovi make a handsome profit from touring. In 2008 the Gross concert sales for Bon Jovi was over 210 million. Keep in mind, there are a plethora of expenses also. The record label takes their cut and then all the road expenses are paid. However you can rest assured that Bon Jovi probably took tens of millions of dollars from the 08 tour season. Remember if you are considering touring, you typically lose money as a new band when you tour. In touring you are going to have to pay travel, lodging, and food expenses. Really you are only trying to get exposure to increase record sales. That is where you will make your money back.
So where does that leave us? Really the best ways to make money as a musician are to play local gigs (low transportation costs and no extra lodging expenses) and to sell records. It is only when you become a true star that you can make a hefty salary from touring.
Labels: Music Careers




