munmun
Ummmm....this blog bursts the bubble a bit. Seems like there is no money to be made on music.
http://music3point0.blogspot.ca/
not so.... it's just not an easy path. For the majority of folks who will never attract the attention of the major labels it becomes a simple case of deciding if you want to start a business in the music business. Find your niche and fill it...create the buzz and capitalize on it.
It could be as simple as a solo guitarist singer gig and sell CD's and merchandise at the gigs to whatever you can dream. Make some You Tube videos and build a fan base.... then sell, sell, sell.
It's not easy starting any business. I was working on this very thing musically but got frustrated with the lack of venues to play and the constant turn over of musicians in the band. A few years later I decided to get out of music as my sole source of income... I was making pretty decent money, but was burning out....
so I worked a day job for a few years and decided to start my own business. I have always liked calling the shots myself as opposed to working for idiots. I started a business in electricity and security eventually just doing security related work. I can tell you it was not easy getting this started either, but I've been here 21 years now and it's good.....well worth the effort invested.
I still work on music as you know.... but not as a source of income. Song writing.... with hopes of future income from that.
An indy artist can make a very nice living since the profit margins are higher at the indy level. If, for example, you buy 1000 CD's for $1000... a buck each average cost.... and you sell them for $12 to $15 each..... you should gross $11k to $14k. The goal is of course to move as much product as possible in as short a time as possible. Throw T-shirts in at the same profit margins, have a web site for info and additional sales... sell mp3 singles, advertise gigs, and before long you are making money from your music. Book into some decent paying live gigs and you are on your way to make a living at music.