Zukan wrote:No one in our industry is making money bar the frontmen.
To the OP, if you don't know this yet, Zukan is a voice to heed around here, especially on the business realities.
PErsonally, I concluded 14 years ago that the days of making money in music were over when I read an article saying MySpace (!) had over 6,000,000 accounts registered to musicians. Consider that this was before Garageband (I think) and early in the days of freeware recording/DAW/softsynth/FX software meant that every tosser with a few hours on their hands could put out a track that might suck but still contributed to the noise level on the 'net. I have no idea now how many creator accounts are on FB, Spotify, GB, etc but I'd guess it's approaching 100,000,000 if not higher. That's not even needle-in-haystack odds, mate.
Back to that MySpace article. WHen I read it I put up a post here called "When Music is Free, Will You Still Make Music?" which IIRC disappeared w/o a single comment. There's a fine line that creative types need to walk between confidence and self-delusion, and I can't say I"ve been great at it myself. That said, apart from a few moments in the early 2000s when I thought I might have an in at some electronic music labels (sadly wrong, but one of them has since gone defunct so it might not have mattered anyway) I always approached music from the talented (I hope) amateur point of view. That can be a hard pill to swallow but as others here have posted it really was always the case that talent alone could not produce a successful career.
Modest living and realistic expectations are the best advice I could give to any 'yoot' aiming to make money from music. Sorry for the downer.