Good business procedures for all musicians Articles on running your business. Topics include business basics, building your website, selling on the Internet, databases, taxes, and more.
This is important information about working out of your home, business name and address, choosing your business structure, telephone, business stationery, email addresses.
Beware, lots of sharks are out there! Just as thousands of marketing wizards are pitching countless schemes for selling your products, thousands of website designers/optimizers are on the web ready to help you part with your hard-earned dollars. They all guarantee instant success if you follow their advice or use their services. Some of what they offer may work for you; much of it won’t. In truth, no surefire methods exist to optimize your website and guarantee astounding, instant success. But, knowing a variety of basic principles will at least get you on the playing field. First, you do not need a fancy website to have a successful website. In fact...
Many of you will be selling CDs. Some will sell books, DVDs, sheet music, or software. You might be selling CD-related merchandise such as T-shirts. Or you might develop some other physical product to sell.
Most of your sales as an entrepreneurial guitarist will be over the Internet. Brick-and-mortar stores are certainly not out of the question for some products, but using the Internet is generally the most profitable.
As an entrepreneurial guitarist, you will most likely be self-employed. The self-employed are hit hard by taxes. We pay an additional 15% self-employment tax above the usual federal and state tax. There will be no withholding on your income so you may need to make quarterly tax payments. It can all be a killer. Be aggressive in attempting to reduce your tax burden, but don’t cheat. As I have stated elsewhere, don’t mess with the IRS. They will pursue you and crush you. They are very serious about...
How will you keep track of all your business expenses, sales, and dozens of other things? You will use a database. In their simplest form, databases organize items and information into lists. They are searchable, so you can find absolutely anything in your lists. A database is essential for organizing information important to the development of your career. The database program I use and strongly recommend is...