Hey all,
I'm super new here but I'm just about done the Millionaire fast lane and wanted to get some feedback on this idea.
I'm a musician and producer, and while I'm no Jimi Hendrix, I do have a deep passion for making music. I've been making and releasing music by myself for about a year with no marketing strategy, and guess what, no one has heard it.
My idea is to start live-streaming my music creation as a means to reach an audience I otherwise wouldn't be able to reach.
I honestly think I could do a decent job streaming and keeping it interesting for the viewers so that's not my issue.
The problem I'm having is that this locks me into "Time spent streaming" as a job, which goes against the fast lane principles.
I'm wondering if I can consider that time not as a "job" but as a time investment in the making of the music and content creation. I can then edit down the livestreams into YouTube Videos and TikTok's so I can create content that can work for me while I'm not streaming on YouTube and use TikTok as a means to drive more people to the stream.
I know live-streaming, YouTube, and music are all highly competitive, over-saturated markets so that definitely doesn't help my chances.
I'm hoping someone with a better understanding will be able to help me narrow in on what's wrong with this as a business model, or help give me some reassurance that this isn't crazy.
The way I see it is the first year or two will be spent building some kind of an audience while I refine my skills and build a catalog of YouTube videos and once I have a solid foundation and proof of my competence in the form of documented years of experience, I can build an online course in songwriting or music production.
Is this just a pipe-dream? would I be better off opening an E-commerce store or trying to invent some new product? I also have ideas to start a healthy bird food business so that might be a better direction. The point is I'm sick of living paycheque to paycheque and need to break the cycle, if this doesn't have solid bones than I will abandon it and try for some other business idea that is more grounded, but this idea has been bouncing around in my head and I think it's something I would enjoy doing as well, which is a bonus.
anyways, thanks for your time, I know how valuable it is
I'm super new here but I'm just about done the Millionaire fast lane and wanted to get some feedback on this idea.
I'm a musician and producer, and while I'm no Jimi Hendrix, I do have a deep passion for making music. I've been making and releasing music by myself for about a year with no marketing strategy, and guess what, no one has heard it.
My idea is to start live-streaming my music creation as a means to reach an audience I otherwise wouldn't be able to reach.
I honestly think I could do a decent job streaming and keeping it interesting for the viewers so that's not my issue.
The problem I'm having is that this locks me into "Time spent streaming" as a job, which goes against the fast lane principles.
I'm wondering if I can consider that time not as a "job" but as a time investment in the making of the music and content creation. I can then edit down the livestreams into YouTube Videos and TikTok's so I can create content that can work for me while I'm not streaming on YouTube and use TikTok as a means to drive more people to the stream.
I know live-streaming, YouTube, and music are all highly competitive, over-saturated markets so that definitely doesn't help my chances.
I'm hoping someone with a better understanding will be able to help me narrow in on what's wrong with this as a business model, or help give me some reassurance that this isn't crazy.
The way I see it is the first year or two will be spent building some kind of an audience while I refine my skills and build a catalog of YouTube videos and once I have a solid foundation and proof of my competence in the form of documented years of experience, I can build an online course in songwriting or music production.
Is this just a pipe-dream? would I be better off opening an E-commerce store or trying to invent some new product? I also have ideas to start a healthy bird food business so that might be a better direction. The point is I'm sick of living paycheque to paycheque and need to break the cycle, if this doesn't have solid bones than I will abandon it and try for some other business idea that is more grounded, but this idea has been bouncing around in my head and I think it's something I would enjoy doing as well, which is a bonus.
anyways, thanks for your time, I know how valuable it is
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