How to fund your music project

It’s the 21st century and the bubble has burst on the music industry. If you choose the independent route the best ways to finance your music projects and business ventures nowadays is through seeking Third party investors, selling shares in your company or raising finance by taking out a business loan or arranging an overdraft facility. The other way would be to self finance it through your income from another job or any savings you have.

The music business is a risky business and there’s not always a huge return on investment. You have to speculate to accumulate. And the last thing any of us want to do is to get into huge debt. I know this from personal experience and past mistakes which I definitely wouldn’t want to make again! But we have to pay the bills somehow and we need a way to foot the costs. There is no such thing as a never ending overdraft facility unless you are the bank yourself and mint currencies.

However, if you wish to make your music project a reality, then you’re going to have to find a way of funding it and taking risks. The traditional way would be to get a record deal and/or music publishing deal, but they aren’t always easy to come by especially if you’re a difficult to deal with artist like myself who has been screwed over financially in the past. It’s that old proverbial saying: “Once bitten. Twice shy!”.

By Mark Wheawill

Artist/DJ/Record Producer/Author

Leave a comment

Your email address will not be published. Required fields are marked *