How to finance a music career or business
Everyone knows the music industry is not best known for its financial stability, but the folks at Symphonic Blog have come out with a funding service that may help you stay on your feet.
A guest post by Randi Zimmerman of Symphonic Blog.
Being an independent artist means you’re the one orchestrating your career on your own terms, exactly how you want to. A big part of that means paying for everything with your own money. Luckily, financing your career doesn’t have to be a solo mission. You can secure funding from many different avenues, including through programs with distributors like us. Here’s the rundown…
We’ve seen first hand how hard it is to juggle financial instability and follow your dreams simultaneously. Trust me, as a company who works with independent artists every day, we get it. The truth of the matter is, you need that funding to make your dreams a reality. With it, you can market more aggressively, compensate collaborators, run advertising campaigns and physical promotions, access touring support, and so much more.
Typically, this extra funding can come in the form of advances.
Contrary to popular belief, an advance is not free money. — These types of deals usually have strings attached and can even be detrimental to your professional career as a musician AND your long term financial stability if you don’t know what you’re signing up for.
So, what can you do?
That’s where financing comes in handy.
What Kind Of Financing Is Right For You?
For example, Symphonic has partnerships with several funding solutions to help artists advance in their careers while retaining their ownership. With this type of independent funding, you get to retain the rights to your music while getting the upfront cash you need.
Even better, our program is structured so that you continue to receive income — no 100% recoupment, as is typical in the industry.
We had a whole Q&A with some of the pros in this business back when we did our Virtual Music Industry Sessions. In the meantime, check it out below to learn more…
About Symphonic’s Funding Service
Symphonic issues advances directly for artists and labels that qualify via the application process. Additionally, we are partnered with chordCash and Sound Royalties to give our clients even more funding options. You get to retain the rights to your music while getting the upfront cash you need. Even better, our program is structured so that you continue to receive income — no 100% recoupment, as is typical in the industry.
Our service is only available for Symphonic clients. — If that’s you, click here to check it out.
If you aren’t a Symphonic client, companies like Indify and Cash App’s Cash App Studios all offer funding services just like this.
In Conclusion…
Your music is your business! With more money to fund it, you can afford to put more into your efforts and see better results in the long run. Luckily, you don’t have to do it alone. Whether you decide to get funding through us or somewhere else, it could make the difference between funding that killer advertising campaign or going without it.
You got this!
