How To Be A Successful Performing Artist In The New Millennium - Part Two

Last month, in Part One, we established that the only money in the music business right now is in performing your own songs and owning your own publishing and merch. We looked at the eleven things an aspiring singer/songwriter needed to do in order to be able to take the next step into learning how to become an entertainer and communicate and connect with an audience. Part One involved a lot of hard work and long, boring hours of practice and re-writes with little to no payoff. Now it gets interesting, although there’s still plenty of hard work ahead. Part Two assumes that the artist has completed all the steps in Part One.

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How To Pre-Plan & Manage Your Band's Tour Finances

When indie music duo Pomplamoose went on 28-day tour in fall 2014, they sold just under $100,000 in tickets. With merchandise sales and a sponsorship from Lenovo, they pulled in a total of $135,983. However, after paying for publicity, payroll, production, hotels, food, travel, commissions, merchandise manufacturing, and other costs, total tour expenses added up to $147,802. Pomplamoose ended up putting $11,819 on credit cards to cover the cost of their own tour.

Fortunately, Pomplamoose was expecting a loss

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