Social Media/Digital Marketing, 15 years in that although like /u/girliegirl80 I've started taking onboard clients/projects outside of music - mostly because they pay better; sadly in a lot of cases musicians are relatively poor and it's tough living off them alone.
Still do music-related stuff, but mostly on an equity basis, so I invest my time and skills in return for share of the profits generated, once they start bringing the money in.
What I can tell anyone, is money in the music biz (or really in most of entertainment) is in micropayments, royalties, residuals etc. Even with a lot of movies, directors or actors ended up much better off taking risks and agreeing to a percentage of gross profits as opposed to a flat fee.
Social Media/Digital Marketing, 15 years in that although like /u/girliegirl80 I've started taking onboard clients/projects outside of music - mostly because they pay better; sadly in a lot of cases musicians are relatively poor and it's tough living off them alone.
Still do music-related stuff, but mostly on an equity basis, so I invest my time and skills in return for share of the profits generated, once they start bringing the money in.
What I can tell anyone, is money in the music biz (or really in most of entertainment) is in micropayments, royalties, residuals etc. Even with a lot of movies, directors or actors ended up much better off taking risks and agreeing to a percentage of gross profits as opposed to a flat fee.