I have been involved in live musical performances for more than seven years now. I started as a back up musician for another artist, before launching my own band. One question that people often ask me about these life performances is the one as to how we get paid for them. That is the question I will be answering in today’s blog post.
As it turns out, there are scenarios where I ‘pay myself’ for the life performances. Let me explain. What I am making reference to here is the scenario where I start by hiring a venue for a life performance. I then get the musicians who are to back me up during the performance, practice with them, and make arrangements to pay them for their services. I also make efforts to publicize the performance. Then I charge the people who come to the performance some entry fees. Whatever I end up with, after deducting all the expenses, is what constitutes my earnings for the live performance.
There are other scenarios where I am hired by various people (mostly club owners) to perform at specific venues. Under this model, the people in question pay me fees that cover all my expenses: including the costs of hiring instruments and backup musicians. Then whatever they collect (in terms of entry fees from the people attending the show) is theirs to keep. The difference between what they collect and what they pay me for the show constitutes their profit. Under this second model, I effectively function like an employee. For just as an employee logs into the Securitasepay payroll system to receive a paycheck, so do I get paid directly (by, say, a club owner) for services rendered under this system.
Each of these models has an upside and a downside. Mainly, it is a question of the risk taken. I normally stand to earn more under the first model: but the risks are also higher. Under that model, I can hire a venue, rent musical instruments, pay backup artists and cater for other such costs – only to end up with a poorly attended show, leading to losses. Under the second model, the risks are lower, but the earning also tend to be commensurately lower.