The music business is a serious business that will always keep you on your toes…
The music business is a serious business that will always keep you on your toes considering the way things keep changing.
One day you are raking in thousands or millions, the next day you are begging for collaboration to help boost your ailing career.
For an upcoming artist, it’s Bad. Not only do they have to fight of local competitors, but they also have to battle with many familiar Brands which don’t sound like a level playing field.
What do they do?
There are mouths to feed and deadlines to meet, for an upcoming artist they need some help to cushion the effect of such a substantial financial overlay they might be trying to take.
It’s easy to tell an upcoming Music artist to find a record label that will help them cushion some of the well known downside of not having enough financial muscle to push their music. But before then, there is background work and promotions that need to be done before a major label can find your music appealing.
For that reason a lot of artists have decided to be independent, sourcing their funds, hoping that the content of their music will pave the way for them.
No matter how an artist tries to gamble on these situations, the underlying fact remains that money is needed to push a lot of content overboard.
Taking a loan from a bank is one of the best ways to cushion some of the effects in the industry that is hindering many artists from using the proper equipment to make music, and to promote their songs as well.
There is no easy way in doing that, whatever applies to other businesses affects the music industry when artist go out seeking loans to boost their musical career.
In the UK there have been cries that govt. was not supporting the music industry enough. That there is a far cry from the vast £1.3 billion music brings as export to the govt. and the loans it receives from schemes targeting entrepreneurs with lesser security.
Why are banks and financial institutions not supporting artists enough?
Some fact is that the music business is a precarious venture. Investors don’t see the need to invest so much money in an investment that the market is uncertain. What are the odds your music will be widely accepted? You are not an established artist, how many albums do you think you can sell? What if your music is not universally accepted, will investors money go down the drain?
Experience is vital in the music industry, so before you request for a loan, let your numbers speak for itself.
Music skills with financial management skills
Like Music Producer, Banks want to see how you have managed meager resources before building your company so that they can take a look and invest in it. Click here to get immediate money for your music album.
However, where you have not a financial plan or structure, it becomes a huge risk for a bank to give money when you are not accountable for it.
Author Bio :
DarshanShah is a young serial entrepreneur, digital marketer and blogger. He’s founder of TheWebReach.com and providing Digital Marketing services like SEO, Guest Blogging and many more. He’s enthusiastic about creating blogs and writes creative content for the readers. He loves to help people to grow their business worldwide through his digital marketing knowledge.
Since you’re here …
… we have a small favour to ask. More people are reading Side-Line Magazine than ever but advertising revenues across the media are falling fast. And unlike many news organisations, we haven’t put up a paywall – we want to keep our journalism as open as we can. So you can see why we need to ask for your help.
Side-Line’s independent journalism takes a lot of time, money and hard work to produce. But we do it because we want to push the artists we like and who are equally fighting to survive.
If everyone who reads our reporting, who likes it, helps fund it, our future would be much more secure. For as little as 5 US$, you can support Side-Line Magazine – and it only takes a minute. Thank you.
The donations are safely powered by Paypal.
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.