To earn good money as an artist / touring act you need to understand your financesโฆ
1. get an accountant / business manager.
2. always put money aside for tax.
3. understand whatโs tax deductible, as an artist thereโs a lot you can claim in clever ways.
4. understand your expenses; commissions, traveling, photographers etc.
5. invest in your project, social media, ads, promo around releases and tours
6. invest in yourself, save money for a house or invest money etc
7. understand every contract you sign and what splits you get and for how long.
8. you will probably take a loss while building your project, but like any business you have to think long term.
9. happy team, happy career. everyoneโs got to eat.
10. good luck, itโs hard out there!
Remember - think about whatโs more important, a new Rolex or investing back into your project. Priorities will be the thing that makes you financially secure in an industry that is very tough and up / down.
Weโre doing a little giveaway โจ
To win:
1. Like this tweet
2. Retweet it pls
3. Follow us (obvi)
4. Mention 3 friends below
5. Submit your info on our site (link in bio)
Thatโs it!
Now just turn on notifs so you know when we go live and announce the winners ๐ค๐