There are few industries as fragmented and as difficult to define as the music industry.
From independent musicians and recording studios to major labels and renowned music venues, there are dozens if not hundreds of elements that make up the industry as a whole – and they aren’t always connected or integrated in any discernable way.
But if you have a passion for music, and you’re determined to build your own music business or be a part of the industry on some level, here are seven things you should know about the state of the music business.
1. Most musicians are early adopters of new technology. Whether it’s the latest social media or crowdfunding platform, musicians are often the first to take new tools for a test drive, and some find success this way. For instance, independent musician Daria Musk found traction on Google Hangouts.
2. Sometimes, there’s no rhyme or reason for success. This