We’ve heard it over and over again
The rich buy assets. The poor buy liabilities that they think are assets.
What if you can build assets?
Back then, for a long time as a music producer I wondered for a way to bring in consistent revenue each month.
The music industry, after all is very unpredictable. Projects come and go.
In that search, I stumbled upon producing royalty free music. Here’s one of my top-selling music piece:
Here’s another sale notification I received in my email a few days ago – for a sale of another music piece.
Best thing about royalty free music?
You don’t actually sell music. You sell the ‘license’ for people to use them in their projects. Because it’s a digital product, there’s no limit to how many times people can buy licenses to use your music.
It dawned upon me. Musicians, creatives, businesses and creators – are asset builders.
As a music producer, you can build assets by:
- Produce royalty free music.
- Create music for film.
- Create audio samples and loops.
- Sell sound effects to the film industry.
- Share your knowledge in a course and sell it.
If you’re a small business selling cookies, you can build assets by:
- Building a brand.
- Create merchandise.
- Turn your business byproducts into products.
It’s your turn. What assets are you building?