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Originally Posted by kane
Like I said. . . it is a lottery ticket.
Assuming she has the worst case scenario as you present it (which likely is not as easy as you portray it) and she makes $77K off this record. After she pays her taxes she will have around $50K left. That is a nice chunk of cash. She lives in New York (according to her Kickstarter profile) so that $50K likely won't last her long. Even if she stretches it out over a year it is still just one year and now she has to worry about doing it again.
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or she could just repeat the process with again next year with a new album
of course that assuming as your doing that she sit on her ass for the remaining 11 months, instead of leveraging the new/existing fan base to make money from touring.
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Assume she gets lucky and she makes 5 times that much. Great so she makes $350K. After taxes she will have around $225K. That is assuming she isn't paying an accountant, a lawyer or anything else. That is very good money. That puts her in the top 1% of earners in this country. Be honest. . .what are the odds of that happening? Even if it does happen what are the odds of it happening more than once because that $225K isn't going to last forever.
The overwhelming odds are that 5 years from now Julia will be doing something else for a living. That isn't a terrible tragedy. If she has some success (which in a way she already has) she has done more than most people will ever do in the music business. She can look back on the good memories and enjoy them. But the odds of her taking that $77K and turning it into something that can launch a career that can last for a very long time are very VERY low. Like I said, I hope she does it, but I am a realist. I worked for a record label for 3 years. 99% of bands/musicians fail in the long term. it is just how it works.
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except that the signed recording artist needs to sell 7,000,000 dollars of albums to make that level given the current contracts.
and it no where close to the biggest it just happens to be one that fits the model i talked about
btw the short career issue is not as much of a problem for these "internet artist" because they don't have to sell so much shit to make the money they do.