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Guest post by Gideon Waxman. This article originally appeared on Soundfly’s Flypaper
Being an independent touring musician might seem like a dream job for many. But the truth is that it’s not quite as glamorous as it’s made out to be, and the early stages of touring for an artist or band can be tough and grueling.
The fees aren’t great, and if you’re lucky to sell out of merchandise while on the road, that might just be your biggest source of income for the tour. In order to maximize your earnings you will need to minimize your spending. As the old English proverb says: “look after the pennies, and the pounds will look after themselves.” Instilling good spending habits will allow a band to continue to grow while being financially sustainable.