Recession Proof Musicians
I’ve been doing some research. I wanted to find out if /how musicians were holding up under the recession. Being that many music companies are cutting salaries and positions, I found that those with the free-lance mentality may be a little better off. Here’s why:
1. They Diversify Income Streams—Freelancers are constantly thinking about how to get their bills paid each month. So, they are willing to take advantage of the opportunities that come their way…..i.e. private teaching, selling recordings, playing concerts, publishing….you name it. If your brain is always in the mind-set of survival…..chances are you’ll survive. Also, when they have extra money—they save and invest it. Smart freelancers learn how to get paid from their dividends.
2. They Make Networking Essential—They make sure to keep up with their colleges. They are active in community events….and are willing volunteers…..this shows concern for others and it also makes their colleges want to work with them.
3. They Work to Become Better Musicians—Not only are they practicing to get better—they are also keeping up with the music industry simply to stay informed. Just like everything else in the world, the music industry is changing–and a good freelancer will always be in the know.
4. They Stay True To Commitment–Good freelancers are steady freelancers. If they decide that they are going to be a music teacher, recording artist, or anything—they commit to it 100%. Their job is important to them….and in complete focus most of the time. So even if the world is in a recession, they don’t give up—they persevere anyway.
Even though we are all having to tough it out with the recession, I believe that as musicians—if we can persevere now—we will reap the rewards of that perseverance. We will eventually make it over the hill….and once we do…..if we persevere—our diligence will not come unrewarded.
