business-music_money_makeover/_subsections/dailies/interest-free-music-options.org

1.1 KiB

4 interest free music funding options

Notes

job / savings / donations

  • part time work
  • savings from the business

    • save money that comes in
    • register all your compositions and BMI / ascap
    • distrokid
  • fundraising events
  • online donation platforms

    • cash out link
    • fans, well wishers

paypal working capital

  • paypal working capital loan

    • levies a one time fee
    • deducts a small percentage from sales until loan is repaid
  • get ecommerce store set up

    • you can pull in 20k a year via

      • merch
      • digital product
      • subscriptions

BMI royalty advance

  • provides opportunity to receive advance on royalties
  • they wont give you any royalties until you pay back all the royalties

business credit 12 months no interest

  • opening a buisness credit with a 0% intro rate
  • commitment to pay in introductory period
  • don't play with this