How to Become a Music Manager and Costs of Streaming

As the music industry grows, the demand for skilled music managers is increasing. Aspiring music managers often wonder about the steps needed to succeed in this career and the financial responsibilities that come with streaming services. This article examines the process of becoming a music manager and breaks down the expenses associated with various music streaming services.

How Do You Become a Music Manager?

Becoming a music manager requires a mix of passion, knowledge, and networking skills. Here is a step-by-step guide to help you kickstart your journey:

1. Educate Yourself

While a formal education is not mandatory, having a degree in music business or a related field can provide a solid foundation. Knowledge in areas such as music law, marketing, and finance can be highly beneficial.

2. Gain Experience

Experience is crucial in the music industry. Internships and entry-level positions at music labels, talent agencies, or management firms can provide valuable hands-on experience. Volunteering at local events and assisting established managers can also help build your portfolio.

3. Network

Building connections within the music industry is essential. Attend industry conferences, seminars, and events to meet artists and professionals. Join industry organizations and online forums to stay updated and connected.

4. Develop Skills

Music managers need a variety of skills, including negotiation, marketing, and organizational abilities. Developing these skills through workshops, online courses, or mentorship programs can be beneficial.

5. Build a Portfolio

Having a portfolio of successfully managed artists or projects can help establish your credibility. Document your experiences and achievements, and use them to attract new clients.

6. Find Talent

Identify and sign talented artists to manage. Focus on building strong relationships with your artists to help them achieve their goals and grow their careers.

Cost of Music Streaming Services

Knowing the costs of music streaming services is essential for both artists and managers. Here is a breakdown of expenses for some popular music streaming platforms:

1. Spotify

Spotify offers several subscription plans:

• Free Plan: Supported by ads and limited features.
• Premium Plan: $9.99 per month with ad-free listening, offline playback, and higher audio quality.
• Family Plan: $15.99 per month, including up to six accounts.
• Student Plan: $4.99 per month with the same benefits as the Premium Plan.

2. Apple Music

Apple Music provides integrated service with its ecosystem and offers:

• Individual Plan: $9.99 per month with ad-free, unlimited streaming and offline playback.
• Family Plan: $14.99 per month for up to six users.
• Student Plan: $4.99 per month with similar benefits to the Individual Plan.

3. Amazon Music

Amazon’s platform offers several tiers:

• Amazon Music Free: Limited to curated playlists and selected stations.
• Amazon Music Prime: Included with a Prime membership, offering ad-free, on-demand songs.
• Amazon Music Unlimited: $9.99 per month for on-demand, ad-free access to a larger library.
• Amazon Music Unlimited for Family: $14.99 per month for up to six users.

4. Tidal

Tidal focuses on high-fidelity audio quality:

• Tidal Premium: $9.99 per month for standard sound quality.
• Tidal HiFi: $19.99 per month for lossless High Fidelity sound quality.
• Family Plans for both tiers are available for $14.99 and $29.99 respectively, covering up to six users.

5. YouTube Music

YouTube Music offers music video streaming alongside audio:

• YouTube Music Free: Supported by ads, featuring music videos and playlists.
• YouTube Music Premium: $9.99 per month for ad-free streaming and offline playback.
• YouTube Premium: $11.99 per month, including both music and regular YouTube without ads.

Maximize Your Music Management Career

Navigating the music industry as a manager involves understanding both the creative and business aspects. Keeping up with trends, continuous networking, and using reliable distribution services are essential. Platforms like SoundOn can assist in promoting your artists through TikTok, exclusive partners like CapCut, and other digital streaming platforms.

If you're looking to take your career to the next level and need a trustworthy distribution service, consider signing up on SoundOn today!

Conclusion

Becoming a music manager involves dedication and a variety of skills, but the journey is rewarding. Understanding the costs associated with music streaming services will also help you better navigate the financial aspects of the industry. Whether you are managing artists or looking to distribute music effectively, staying informed is key to success.