The Business of Music
The Business of Music
Music
Musicians have the unique ability to reach millions of people. Does millions of people can translate into sales if listened by the right people. Their music can be used as an advertisement , promotions , endorsement , sponsorships. The right people can take it to the next level for example Mariah Carey all I want for Christmas is you. It’s a very popular Christmas song. Whenever Christmas song it is always being used an anthem. Because it is a good song. When you write a good song it can be used as a business .The royalty checks will be through the roof.
Musicians can make a lot of money through sponsorships .There are companies out there that may want to use their music for a product in their industry . For example you can see a musician in an Ad about a new app related to music .They can use their music to advertise their products. Having a popular musicians it helps when it comes to sales. Back in the day the form of advertisement was Tv or billboards or word of mouth when it comes to companies. However, there was a change when companies saw the impact musicians have in the world.
American Idol: How Much Money Mariah Carey Made On The Show (screenrant.com)
Here’s Nicki Minaj’s Net Worth and How She Built Her Fortune. (insider.com)
The opportunities could also lead to becoming a host for a talent show for example Nicki Minaj and Mariah Carey were on American idol. This happened because does 2 women are very successful in the music industry and can help other aspiring musicians make it. You can diversify your revenues by looking at your strength it can be acting or even hosting . When you become a musician many people value your opinion on a lot of things . It can even make it sell out. If you’re wearing certain clothes especially of a small brand. You can have a direct impact on their success if you tag it on Instagram.
