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Jumpstart Your Music Career by Simon Cann

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Chapter 6. Economics 101

As I have discussed throughout this book, the musician looking to build a successful career today has many more options than were available in the past.

One of the key differences between the old approach and the new approach is that before, the musician could have expected his income to come from one or two sources, and now there are many more possible sources of income, with each source producing a less significant flow of income.

On their own, many (perhaps most) of these sources will not be sufficient to sustain a reasonable standard of living. However, the musician has the opportunity to aggregate these sources and to increase the period over which the income is received and so can obtain maximum value from each product. ...

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