What if you have all the music down, but fall apart at the planning? A band is more than just creating music. This month's article will detail how to create a budget for your band so that you can keep making the music you love.
We'd also love to point a spotlight at one of our amazing, long-time partners. This organization recognizes people in the music business for all their creativity and hard work. Check below for details on their current song writing contest!
FN Newsletter Editor
4 Simple Steps for Your Music Marketing Budget
by Dave Cool
One of the most important things you can do to prepare for the year ahead is to create a budget for your musical activities. Having a budget will give you a much clearer look at where you want to go financially, how you'll get there, and what your progress is along the way.
We've broken down the process into 4 simple steps to help you create a budget:
1. Ask Questions
To help determine what your financial goals for the year will be, first ask yourself some questions:
- Will you be releasing new music this year?
- How will you raise money to pay for the production?
- How will you distribute your music to digital stores?
- How will you promote your music?
- Do you need new promotional photos?
- Are you creating any merch?
- Are you going to buy any new equipment?
- Do you need a new website?
Try to get as clear as you can about everything you would like to do this year, and be sure to write it all down. Writing down your goals will help give you some direction and focus.
2. Determine Expenses
Once you know your goals, write down all of the expenses that you'll need to keep track of:
Cost of Music & Merch
Recording/Mixing/Mastering: Many musicians now record at home rather than go into a studio, so expenses with recording can vary greatly depending on your approach.
CD Duplication / Vinyl pressing / Download Cards: Research how much it will cost to manufacture any physical versions of your album.
Digital distribution: Although minimal, depending on which service you use, there is either an upfront cost or annual recurring cost to distribute your music to iTunes, Amazon, etc.
Merch: How much will it cost to make t-shirts and other merch items?
Read more here!
FestivalNet Partner Highlight
One of our website partners Songwriting.net wants FestivalNet artists to know about their very close deadline to enter their 21st Annual USA Songwriting Competition!
Since 1995, the USA Songwriting Competition has been honoring songwriters, composers, bands, and recording artists everywhere. This is open to all, regardless of nationality or country origin. There are 15 award categories you can enter and 21 Billboard top ten artists have been discovered from this contest. Will YOU be next? Enter by May 27th or earlier at their website: http://www.songwriting.net