Online Course on Music Industry Profitability

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Online Course on Music Industry Profitability

Inspired by a conversation on:

Not A Damn Chance! Podcast

Not A Damn Chance! Podcast

Good Charlotte's New Era: Joel Madden

Host: Phillip Frankland Lee and Neen Williams

Timestamp: 00:22:22 - 00:30:00

Listen to Episode • View Podcast • All Ideas from Not A Damn Chance! Podcast

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Feather Flow

Direct Quote

"Profitability always comes first."

Market Gap

Musicians struggle to understand the financial aspects of their careers.

Many musicians enter the industry passionate about their craft but lack the necessary financial knowledge to sustain their careers. The music industry is notoriously difficult to navigate, and many artists face financial difficulties due to a lack of understanding of profitability, budgeting, and revenue streams. Current solutions often do not focus on the specific needs of artists, leading to poor financial decisions that can jeopardize their careers. By providing clear, actionable insights into managing finances within the music industry, artists can better position themselves for long-term success.

Summary

An online course focused on teaching musicians the fundamentals of profitability in the music industry could provide immense value. This course could cover topics such as budgeting, revenue streams (like merchandise, touring, and streaming), and financial planning. It should also include case studies of successful artists who have navigated these challenges. This would not only empower musicians to make informed decisions but also help them sustain their careers in a challenging market. The course could be marketed through social media platforms and partnerships with music schools or organizations.

Categorization

Business Model
Content
Target Founder
Subject Matter Expert
Difficulty
Medium
Time to Revenue
3-6 months
Initial Investment
$1,000-$10,000

Potential MRR (18-24 months)

Conservative
$2,000 - $4,000 MRR
Moderate (Most Likely)
$5,000 - $10,000 MRR
Optimistic
$15,000 - $30,000 MRR

* Estimates assume solo founder/bootstrap scenario with competent execution

Scores

Clarity
8/10
Novelty
7/10
Feasibility
7/10
Market Potential
8/10
Evidence
7/10
Overall
7.4/10
Found on September 30, 2025 • Analyzed on October 1, 2023 12:00 AM

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