We’re diving deep into some of the most pervasive myths that keep many artists stuck in the “starving artist” narrative. Let’s debunk these misconceptions and empower you with the truth about making money in the music industry.
Myth #1: “Once I Have a Manager or a Label, I’ll Start Collecting Royalties”
One of the biggest myths in the music industry is the belief that securing a manager or a record label deal will automatically solve all your financial woes. While having professional representation can certainly help elevate your career, it’s not a magic bullet for royalty collection.
The Reality:
Managers and labels can provide valuable support, but they are not solely responsible for ensuring you collect all your royalties. As an artist, it’s crucial to understand the different types of royalties and how to claim them. Many artists miss out on significant income simply because they don’t know what royalties they’re entitled to or how to collect them.
What You Can Do:
Educate yourself about royalty collection. Take the initiative to register your songs with the appropriate performance rights organizations (PROs) and mechanical licensing agencies. Use Tunedough®’s self-guided courses and support to help you navigate the royalty collection process. Remember, knowledge is power, and understanding your royalties can lead to sustainable income streams.
Myth #2: “I Need to Be Discovered by a Major Label to Succeed”
The romantic notion of being discovered by a major label and catapulted to stardom is a story as old as the music industry itself. While this can happen, it’s far from the only path to success, and waiting for a label to “discover” you can keep you from taking proactive steps to build your career.
The Reality:
In today’s digital age, artists have more tools and platforms than ever to create, distribute, and promote their music independently. Tunedough® is one of those tools. Success can come from knowing your music business, building a dedicated fan base, engaging with your audience on social media, and utilizing streaming platforms to reach listeners worldwide. Major labels are not the gatekeepers they once were, and many artists find significant success on their own terms.
What You Can Do:
Embrace the DIY approach. Focus on setting up the foundational pieces to your career with Tunedough®, creating high-quality music, developing your brand, and connecting with your audience. Engage your community alongside using digital distribution services to get your music on streaming platforms and leverage social media to promote your work. By taking control of your career, you can build a sustainable and fulfilling path to success.
Myth #3: “I Have to Starve to Be an Authentic Artist”
The starving artist trope is a deeply ingrained myth that suggests true artistry requires financial struggle. This belief can be incredibly damaging, leading artists to undervalue their work and accept poor financial conditions as part of the creative journey.
The Reality:
You don’t have to starve to be an authentic artist, especially with Tunedough®’s support. Valuing your work and pursuing financial stability does not diminish your creativity or authenticity. In fact, having a stable income can provide the freedom and security needed to fully explore your artistic potential. The notion that financial success and artistic integrity are mutually exclusive is a false dichotomy.
What You Can Do:
Shift your mindset and embrace the idea that you deserve to be compensated for your art. Take the steps with Tunedough® to make sure you are collecting all that is owed to you. When you learn about the business side of the music industry, including royalty collection, licensing, and merchandising you increase your success. Surround yourself with a supportive community that values and uplifts each other’s work. Remember, thriving as an artist is not just possible—it’s essential for long-term sustainability and growth.
Conclusion
The music industry is filled with limiting stories that can hold you back from achieving your full potential. By debunking these misconceptions and empowering yourself with knowledge, you can break free from the starving artist narrative and build a successful, sustainable career in music.
At Tunedough®, we’re dedicated to helping artists like you navigate the complexities of the music industry. Whether it’s understanding royalties or developing a business mindset, we’re here to support you every step of the way. Together, we can rewrite the story from starving artist to thriving artist.
Stay inspired, stay informed, and keep making amazing music. The world is waiting to hear your voice!
