One problem with the music business is that many people don't think about their music in the right way and therefore they aren't serious about their craft. On the other side, there are those that do think about it in the right way and work hard to make each and every song the best that they can make it. Sometimes you can over obsess about the work and never get it finished so therefore you never release it to the world. There is a fine balance that musicians have to play, because after all, not only is music art, but it is an asset!
When you think about it, down to the core of the business, each song is like a stock in your business. When someone purchases a song from say the iTunes store, or in the web 3 world, if they buy an NFT, it's like they are making an investment in you! So when you think about it that way, not only do you want to make sure you are putting our quality work, but also quantity. The more you have out there on the market, the more of a chance you have at someone seeing your efforts, following you, sharing you with their friends, and the beat goes on!
Work Once, Get Paid Multiple Times Over
The beauty of the music business is that you create a song one time, release it to the world through whatever means you see fit, and you can then benefit on the sales and royalties for years to come. We call this earning residual income, or what most investors call passive income. Not only that, but you can leave the creator and publishing rights to your kids who can then benefit after your death just like you would a stock, piece of gold, real estate, or even cryptocurrencies.
Your Songs Are Your Products
Just like any other business, you are creating a product to sell. Of course you want quality work to sell, but you also want quantity as well. When you think about it in this manner, it may help you get focused on finishing up those unfinished songs you have on your hard drive and get them released to the world! Every musician has unfinished work in their portfolio, so why not put some time and focus and get them finished up! One big problem is the most musicians are perfectionists and never think their work is ever finished, that's just facts.
Let Someone Hear Your Work And Give Feedback
Find a trusted friend that is either likes the same kind of music that you produce, and is someone you trust to give you constructive feedback. Having a fellow musician that you can bounce your sounds off of is a great way to gauge your song to see if it still needs work or if it is ready for finalizing!
It's good to hear other people's feedback. This only helps you grow as an artist and to know what works and what doesn't. Don't get your feelings hurt when people may not like the sound you have been working on, that's okay. Don't be afraid to ask what sounds bad. This is how you know what to fix. This is how we get better.
Your Songs Are An Investment In Yourself
Remember all in all, that if you want to make money with your music, you have to think about it like a business. Each song is an investment in your time, energy, and money. It costs money to release songs to the market, so you want to make sure it is worth the investment. So when you pay the fee to release a song through the BlockTunes Release service, or your chosen distribution service, that is like purchasing the share of stock in yourself. Beyond that, it is up to you to market so that you can earn the most return on investment that you can make. The more you put into it, the more you can get out of it over time. It's not just the distribution fee, it's also marketing, merchandise, NFTs, etc! Then if you compound the earnings into something like your HBD savings or purchasing more MUSIC tokens, you are just going to continue to add value into your business!
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Posted from my blog with Exxp : https://blocktunes.net/treat-your-music-like-an-asset-songs-are-like-stocks/
Great work, this is an excellent project!
Thank you! Trying to bring as much value as possible!
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