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  • Christine Nekoye

Money Matters


Introduction

Over the course of this issue, we tackle the issue of finance. In the following series, we hope to tackle one of the artist's biggest lament "I am talented but I don't have money". If you have ever used such a phrase, then let's find ways to put an end to it.

Small Business

In this segment, we shall look at the small businesses you can start in order to finance your music career. Starting a business is always the best alternative to keep your passion going. All that matters for you to be successful in business is your managerial skills, good customer service, your vision, and a good business location. Let's take a look at some of the businesses that some of our artists have started with a capital of as low as Ksh. 5,000: Click here to read more

  • Smokie business

  • Mitumba or Second hand clothes

  • Selling Wallpaper

  • Selling Chapati

Making More Money

In this part, we shall look at how to make money as a musician. One important thing about finances is to have many revenue streams. The good thing about an artist's musical career is that there is more than one way to earn money. Whether it is through; Caller ring back tones, live performances, digital sales, selling your skill, sell of physical merchandise, licensing for Films & commercial shows. Find out more here

Budgeting

Every coin earned counts. However, little it is, should be budgeted for. We will suggest a few funds, kitties or accounts that every artist should have while budgeting. No matter the amount that you receive put a little percentage in the following funds;

  • Expense fund

  • Production fund

  • Emergency fund

  • Insurance

  • Savings among others. Read More

Financial Mistakes To Avoid

Musicians; Don't Make These Financial Mistakes If You Want A Long-Lasting Career

Managing finances for musicians is as important as the career itself. One mistake will hurt your growth. You don't want to be wealthy now and have nothing to show for it after a few years. Here are some mistakes that some of the biggest artists have made, and as they say, "experience is the best teacher". Neglect your finances, and both you and your music are bound to suffer.




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