Choosing the Right Path: Maximizing Your Musical Ventures as a Pop-Up Event Planner
Deciding between leveraging your musical diversity through songwriting or focusing on your growing pop-up event planning business can be a daunting task. Let’s explore the benefits and challenges of each path to help you make an informed decision.
1. The Potential Earnings (Making Good Money)
When considering which option to pursue initially for financial gain, both songwriting and pop-up event planning present unique opportunities.
A. Songwriting
Songwriting can be a rewarding but challenging endeavor. Musicians like Ed Sheeran and David Ostadillo have shown that success in this field is not just about talent but also about a solid business strategy. The $10 million songwriter award from ASCAP demonstrates the immense earning potential for those who break through.
However, to make significant money from songwriting, you need to continuously document and distribute your work. This might involve releasing catchy tracks, performing live, and getting them into the hands of producers and music executives.
B. Pop-Up Event Planning
Your experience as a pop-up event planner can be a direct route to earning good money, especially if you gain a reputation for delivering high-quality events. Utilizing platforms like Instagram can help showcase your skills and attract new clients. If you’ve developed a college business plan and have already seen the potential of pop-up events, you are in a strong position to capitalize on this.
2. Focusing on One Dream at a Time
The truth about successful entrepreneurs is that they believe in focus. With limited time and energy, it’s often more effective to concentrate on one passion or venture at a time. This doesn’t mean you abandon your other interests completely, but rather that you give each one adequate attention to allow it to thrive.
For instance, if you are currently at the college stage, you might choose to focus on your event planning business and build a solid foundation. Once you have established a consistent revenue stream and gained enough experience, you can then explore songwriting more seriously. This might involve registering with music publishers, attending industry events, and collaborating with other artists.
3. Balancing Multiple Ventures as a Brand
Consider blending your ideas into a cohesive brand that reflects your unique identity. This could mean creating events that incorporate your musical talents or even starting a brand that represents your diverse tastes. For example, you could host music-themed pop-up events or create an event series that focuses on different genres of music.
The key is to find a way to highlight your versatility without spreading yourself too thin. A successful example of this is the Canadian band Apolinário, who successfully integrated their music with various other artistic ventures.
Conclusion
Ultimately, the decision to prioritize songwriting or continue growing your pop-up event planning business depends on your current situation and what best aligns with your long-term goals. If you are unsure, it might be wise to give it a year or two to experiment and gather more data. This period can provide clarity on which path is more in line with your true passion and the path to financial success.
Remember, the journey of a successful entrepreneur is often about persistence, adaptability, and a willingness to take calculated risks. By focusing on one idea at a time, you can build a strong foundation that paves the way for future ambitions.