Video by Music Money Makeover Show via YouTube
Every music release could be costing independent artists thousands of dollars in missed revenue opportunities, and most musicians don’t even realize it. In this video, I’m exposing six silent money leaks that prevent artists from making more money from their music, including unregistered songs, missed music royalties, ineffective music marketing, poor fan capture, and the absence of direct-to-consumer offers. You’ll discover a three-stage music release strategy designed to help you collect royalties, sell music and merchandise directly to fans, build valuable customer relationships, and stop wasting money promoting every new single. I’ll also break down a hypothetical example showing how an independent artist could generate an additional $5,000 in annual gross sales by offering fans something valuable beyond streaming. If you’re an independent artist, music entrepreneur, or record label owner, it’s time to stop simply releasing music and start building a profitable music business.
00:00 – Why indie artists keep losing money every release
01:30 – Scenario
02:24 – Stage 1: THE MONEY YOU NEVER COLLECT
04:33 – Stage 2: THE MONEY YOU NEVER ASK FOR
07:51 – Stage 3: THE MONEY YOU KEEP SPENDING TO REPLACE
11:33 – The Challenge
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