Following on from previous post here
What exactly is the “X factor?” Do you have “it”? You hear professionals in the music industry referring to it, but you rarely hear “it” defined. If you are an aspiring music artist and want to make real money from your music or develop your music career into a business it’s important that you know what “it” is and how to use it to your advantage.
In the UK home of X Factor the prize is billed as a “£1m recording contract”. In reality the amount of prize money that goes to the winning act is approx £150,000. The total amount of money spent on the winning act is often in excess of £1m with recording and marketing costs and that’s why it’s described as a £1m recording contract.
You can probably understand why in the mind of most seasoned and powerful music industry professionals, having “it” is what determines if you are worth the investment of large amounts of time and money.
If you plan to invest time and money in YOURSELF then likewise the ‘X’ factor is not something to be ignored. It’s actually something you need to examine in terms of YOU and YOUR MUSIC.
In the next post – What it means!
to be continued….. the above post is an excerpt from the forthcoming book: How To Make Real Money from Your Music by Kevin J Ryan
