How To Make It in the New Music Business book cover

How To Make It in the New Music Business by Ari Herstand Summary

How To Make It in the New Music Business
Ari Herstand
4.4 (904 Reviews)
Business
Career
Entrepreneurship
Overview
Key Takeaways
Author
FAQs

Overview of How To Make It in the New Music Business

In a music industry transformed by streaming, Ari Herstand delivers the ultimate DIY blueprint. Rated 4.7/5 by professionals, this guide empowers independent artists with the 50/50 Split concept. Want to avoid band breakups while building sustainable success? This is your roadmap.

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Key takeaways

1

The New Music Business: Where DIY Artists Thrive

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The music industry has undergone a seismic shift. Gone are the days when success depended on being "discovered" by a suit-wearing executive. Today, DIY artists earn over $1.5 billion annually from recorded music alone, with 16,500+ musicians making $50,000+ just from Spotify. Artists like Ingrid Michaelson, Amanda Palmer, and Chance the Rapper have built thriving careers without traditional labels. Success now comes from understanding the business, mastering multiple revenue streams, and building sustainability. But what does "making it" actually mean? True success isn't about reaching Beyonce-level fame - it's about using your creative talents to pay all your bills. Just as we don't consider local coffee shops "failures" because they aren't Starbucks, musicians shouldn't view themselves as unsuccessful simply because they haven't achieved superstardom. The sobering reality? Over 98% of major label signees fail commercially, and today's labels prefer signing artists who've already built substantial followings rather than developing unknown talent.

2

The 50/50 Rule: Balancing Art and Business

3

Building Your Modern Music Team and Studio

4

Release Strategy and Artist Identity

5

Building a Loyal Fanbase Through Engagement

6

Developing Multiple Revenue Streams

7

Your Path Forward in the Digital Music Era

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@Raaaaaachelw
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"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."

@Matt, YC alum
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@Erin, Investment Banking Associate , NYC
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"Feels effortless compared to reading. I’ve finished 6 books this month already."

@djmikemoore
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@Chloe, Solo founder, LA
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@Raaaaaachelw
platform
star
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star
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"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."

@Matt, YC alum
platform
comments
12
likes
108

"Reading used to feel like a chore. Now it’s just part of my lifestyle."

@Erin, Investment Banking Associate , NYC
platform
comments
254
likes
17

"Feels effortless compared to reading. I’ve finished 6 books this month already."

@djmikemoore
platform
star
star
star
star
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"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."

@Pitiful
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96
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4.5K

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@SofiaP
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@Jaded_Falcon
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@OojasSalunke
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"Makes me feel smarter every time before going to work"

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