Music Agent Career
Becoming a music agent can be a profitable and exciting career. However, a music agent must not be risk-adverse and must be willing to work long hours and potentially tour with musicians, which can mean time away from home. However, for some, becoming a music agent will make them not only financially successful but also famous.
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Facts
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Embarking on a career as a music agent can be exciting, frustrating, and can make an individual and his clients very successful. According to StyleCareer.com all that is necessary to become a music agent is a computer and a phone. With these simple tools a music agent can secure talent to represent and book that talent in area venues. A music agent should also have excellent networking skills and the ambition to represent clients without becoming discouraged by rejection.
Types
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There are three essential functions of a music agent. A music agent will book performances, negotiate contracts of employment, and secure sponsors for tours. In order to be successful a music agent will need to have an excellent ability to determine who is talented and who the agent should not represent. Most music agents do not represent major acts and have several clients who they work for to try to further their careers and hopefully make famous.
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Potential
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A music agent does not have to work in a major city to make a living representing clients. In fact, starting a talent service in a slightly smaller town can be quite profitable for a music agent because there will not be a great deal of competition, or plenty of venues that are not used to being bombarded by music agents trying to book performances.
Payment
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Music agents will charge their clients a specific percentage of what the act makes for a live performance or any other deal that the agent negotiates. Typically, the agent will receive 10% of the profits, but this figure can vary and even be as much as 20%. When a band or musician hires a music agent the parties will go through a process of negotiation in which fee amounts, the term of representation, price of buyout, and obligations of the musicians and agent are agreed upon.
Diversifying
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Becoming a music agent is somewhat of a risky business because the agent will only be as successful as the acts that she represents. By diversifying the talent that a music agent represents, especially at the beginning of her career, there will be more of a chance to earn a stable living until a music act takes off. For example, it is wise to not only represent rock bands, but also classical music groups and soloists from whom a consistent stream of income may be generated through corporate events, weddings and church services.
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