#MusicBrainer: How to Get Capital to Fund Your Music Career as An Independent Artist in Nigeria.

In need of capital or investors to fund your music career as an independent artist in Nigeria? There’s more than one way to approach fundraising and to get noticed by those with the capital you need to take your music career to the next level.

As we all know, despite having the talent and skill to create good music, having adequate capital and financial leverage to promote your music is a very important necessity.

If you haven’t gotten the money you want for your next music project yet, consider these options I will be sharing in this post to get funding for your music.

Also Read: How An Upcoming Nigerian Music Artist Can Get Started and Make Money Through NFTs.

Here are ways to Get Capital to Fund Your Music Career as An Independent Artist in Nigeria.

MUSIC DISTRIBUTORS.

As an artist, if you don’t have enough money to give your forthcoming music project (which could be an album or EP) a proper promotion, you can get funding from a music distributor. A music distributor might step in with an advance against future earnings on the project. A distributors assistance can come in the form of a loan, that would make them an investor in the project giving them a more substantial cut of the album’s profits or having a contract as your distributor for a set period of time. For Digital distribution click here for more!

LENDERS.

Money lenders are another source of funding for your music career. A lender is a person that gives capital for temporary use on condition that the same or its equivalent be returned back. A lender is different from an investor in that he/she might not get a Return-on-Investment (ROI) on the money they lend. A lender can be your family member or friend in most cases.

Also Read: 5 Things You Shouldn’t Do When Promoting Your Music On Streaming Platforms As A Nigerian Artist.

YOUR SIDE BUSINESS OR CRAFT.

One of the first places to actually get funds for your music is from your purse. This could be revenue gotten from your business, job or craft. If you manage your finances properly you can get a tangible amount of finance from your business/job to fund your career. Some other side gigs you can involve yourself in as a Nigerian artist to get revenue are songwriting, music production among others.

ANGEL INVESTORS

Some music business angels are people who have made their money in music and want to pass along their good fortune and their expertise. Others are merely people with money to spend who like the idea of getting involved in music. These Angel Investors will help with start-up cash, as long as it your music project will be productive.

Also Read:  Dear Music Artistes Here Are Five Important Persons You Need On Your Team.

FINANCIAL DONORS

This might be funny, but most music artists (especially here in Nigeria) that say they’re looking for people to invest in their music career aren’t actually looking for investors, they’re looking for donors to give them money. And, sincerely most times this is because an artist can’t guarantee a return on that person’s investment. Therefore, a financial donor is a person who donates money to a business or fund without expecting a financial return.