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Music & money seem like they should go hand in hand. The truth is that the two can chase each other around what can seem like an endless circle. Too many artists think they don't have the money to produce their music, when the fact is…they cannot afford not to produce their music. Other artists are constantly throwing big money at producing their music without a solid plan to earn some of it back. "How can music make money flow into my pocket"? Simply owning the copyright of a top 10 song can pay an individual over $500,000 in a single year. A copyright is a special kind of investment called an INTELLECTUAL ASSET. This intellectual asset, much like a PAPER ASSET (stock bonds and mutual funds) can keep paying with little or no effort form the investor. To learn more about intellectual and paper assets check out the easy to read, best seller "Rich Dad, Poor Dad" by Robert Kiyosaki. As the copyright holder of a hit song you will receive checks in the mail every year for the rest of your life for doing absolutely nothing.
This brings us to our group of artists that produce a ton of music but do absolutely nothing with it. To achieve the hit song and begin receiving royalty checks from the copyright takes some hard work and a good plan. Your musical career is a business. Large or small, successful or not… you are running a business. The sooner you begin to treat your music like a business, the sooner you will become successful. Many artists think that their most important assets are the following products: