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Music Contracts: Business is Business

Aug 17, 2007
Business is business and that really is that bottom line. This applies to all businesses especially those that involve the music industry. Whether the business is between a trusted friend, an acquaintance or someone you just met, the same rules apply.

Many musicians or music industry entrepreneurs don't pay enough attention to the business aspect of their career and as a result end up broke or in bad deals. It is a good thing there are great musician resources out there to help.

Even if we are just talking about how to promote your CD it is crucial for a musician to take an aggressive look and active role in learning the daily business of their music career. In fact, some say that the music business aspect is where you should spend the majority of your energy in order to maintain a successful career. One of the best things you can do is protect your music and all music promotional ideas that come your way.

The music industry is littered with musicians and we all know who they are, who made it big but ended up with nothing. But how did this happen, you ask? Maybe they were too focused on being stars and just signed their life away. And when that happened, everything they made went to someone else. One of the best musician resources out there is the firm understanding of music contracts and all that go with them.

It is all fine and dandy if you know how to promote your CD or have an entourage of people coming up with music promotional ideas. But do you know if you will even make any money off the sale of the CD? If so, how much? If you can't answer these questions and you are in the music industry then you could be in serious trouble. So, before you even think about signing read your contract, have it reviewed and have a firm understanding of every single term.

So, take an active role in your music, the business of the industry and everything that goes along with it. For after all, this is your career and your life. You don't want the people all around you running it with no knowledge of what is going on. If you do nothing else for yourself, then at least do yourself this very favor from day one before you even begin to worry about how to promote your CD.
About the Author
Online music industry's most recognizable voice-the former owner of an Indie label-current owner of Platinum Millennium Pub. & music industry seminar speaker/panelist. Author/creator of 40+ best-selling music biz materials & other "How to" resources, that helped 1000s of people. http://www.musiccontracts101.com/docs/products/002/ for more on Music Promotional Ideas, How to Promote Your CD, & Musician Resources
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