Musicians Tip Jar

Chris Webb & Dave Tamkin
Musicians Tip Jar

Welcome to Musicians Tip Jar! Chris Webb and Dave Tamkin talk about musicians and money. They take the mystery out of how a musician can make money beyond performing every night of their life. This show will explore the methods and strategies on creating assets in your music business and how it is not a magic trick when musicians get steady cashflow from their talents. Learn more at www.musicianstipjar.com or email them at musicianstipjar@gmail.com Become a supporter of this podcast: https://www.spreaker.com/podcast/musicians-tip-jar--4698023/support.

  1. 6D AGO

    117. How Musicians Can Prepare for a Recession

    🎧 Episode Title: How Musicians Can Prepare for a Recession | Musicians Tip Jar S5 E2 In this episode of Musicians Tip Jar, co-hosts Chris Webb and Dave Tamkin tackle one of the most pressing concerns for independent artists and music professionals: how to recession-proof your music career. Whether you’re a gigging musician, songwriter, producer, or educator, economic downturns can disrupt your income streams. This episode offers 7 actionable strategies to build resilience, boost income, and stay financially secure during uncertain times. ✅ Key Topics Covered: 🎯 Diversify Your Income: Live shows, virtual concerts, and digital contentStreaming royalties, merch, licensing, and PatreonTeaching music lessons and online courses🎯 Build a Loyal Fanbase: Engage directly through social media and email listsLeverage crowdfunding and community support🎯 Cut Costs Smartly: Reduce overhead and share resources with other artistsCollaborate over compete during lean seasons🎯 Embrace Technology: Use your production skills to offer services onlineMaximize reach with platforms like TikTok, Instagram, and YouTube🎯 Financial Planning & Savings: Save in good times, invest wiselyConsider tools like Acorns, Betterment, and SoFiThink long-term with non-music investments🎯 Stay Flexible & Adaptable: Pivot to trends like livestreaming or virtual contentNetwork with fellow musicians for collaboration opportunities🎯 Strengthen Your Personal Brand: Define your artistic identityBuild trust and open doors beyond musicFuture-proof your career with consistent branding🎤 Real-Life Artist Examples: Learn how Megan Thee Stallion, Bad Bunny, Travis Scott, and Phoebe Bridgers adapted creatively during the pandemic and how bands like Nirvana thrived during the early ’90s recession. 💡 Bonus Takeaways: Adopt a mindset that sees opportunity in challengesBuild and lean on your music communityUnderstand that recession is not a matter of if, but whenFeatured Non-Profit: Roots Music Project – a 501(c)(3) nonprofit empowering local music in Boulder, Colorado.  🎧 Listen now on your favorite podcast platform. 💬 If you found this helpful, subscribe, rate us, and like on YouTube to stay ahead of the game in your music business. #MusicBusiness #RecessionProofMusician #MusiciansTipJar #MusicCareer #IndependentArtist #CreativeIncome #MusicFinance #ArtistTips #FinancialWellnessForMusicians Intro & Outro Music Donated by: The Magi https://www.themagimusic.com  Intro Read by: David “DJ” Lee of The Magi https://soundcloud.com/rockababyrock  Pictures by: Kit Chalberg https://kitchalberg.com/ Become a supporter of this podcast: https://www.spreaker.com/podcast/musicians-tip-jar--4698023/support.

    41 min
  2. APR 1

    116. How to Launch Your First Mini-Course as a Musician

    We are really excited to be back for season 5 of Musicians TIp Jar.  Thank you for being here; just by listening, you are supporting the cause and belief that all musicians can be free from the fear of money forcing them to quit. Today we are also excited to announce that our first of a series of mini-courses has launched, and we thought this would be a perfect time to show you how you can launch your very own courses too! Building Dreams Through The Arts Founded in 1999, Prairie Music & Arts (formerly Prairie Music Academy) is a non-profit 501(c)(3) community school of the arts offering quality education and opportunities to people of all ages. It is our goal to foster musical and artistic exploration that leads to self-confidence and creativity, as well as to offer a community that both inspires and enriches. You can find us in Sun Prairie, WILearn more at: https://prairiemusic.org/ We have been hard at work creating our first course. This course is catered to all musicians to give them a solid foundation of how to increase, track, and keep their hard-earned money. It’s an intro course on building wealth as a musician, and that is why we titled it “How to be a Wealthy Musician.” At the end of this podcast, we will give you the information to check it out, but what we really want to put a spotlight on today is creating a course, our experience of doing it so far, and why you should consider creating a course too! Let's break down the steps we followed and discuss some tips that will definitely save you time in your course creation journey. We started with our flagship course taught in college classes, The Financial Scale, but quickly realized this was far too much content to put into our first course. So, we decided to break it down into a more manageable amount of content by focusing on income and expenses.  Action: Check out our first course at: https://www.musicianstipjar.com/course  **We know how valuable your time is; we appreciate you for spending this time with us and being a part of this community. It is our hope that you feel that sense of community here at Musicians Tip Jar and help us spread the word to make us stronger together. Connect with us :Musicians Tip Jar@gmail and Musicians Tip Jar.com where you can check out all the resources and discounts we have collected just for you! And check out all our episodes now on our YouTube channel! If you find this information useful, please rate and subscribe to the podcast and also slam the Like button if you’re on YouTube so we can help keep you up on the finance side of your music business. Outro:As always, thanks for joining us, and remember there is already enough for everyone; you just need to know how to get it. Until next time, on behalf of Dave Tamkin and myself, Chris Webb, stay happy, healthy, and wealthy. Remember, no one can say what you have to say just like you; the world needs YOU to say it. This is Musicians Tip Jar. Intro & Outro Music Donated by: The Magi https://www.themagimusic.com  Intro Read by: David “DJ” Lee of The Magi https://soundcloud.com/rockababyrock  Pictures by: Kit Chalberg https://kitchalberg.com/ Become a supporter of this podcast: https://www.spreaker.com/podcast/musicians-tip-jar--4698023/support.

    35 min
  3. 09/17/2024

    114. Are You a Financially Independent Musician?

    Today we explore the rich world of FI or Financial Independence. We show the various strategies you can apply from this way of life to ease your stress and improve your money habits, allowing you more freedom. THE ALLIANCE FOR LIFETIME INCOME is a non-profit educational organization based in Washington, D.C., that creates awareness and educates Americans about the value and importance of having protected lifetime income in retirement.. The Alliance provides consumers and financial professionals with educational resources, interactive tools, and actionable research and insights to use in building retirement income strategies and plans.  The Alliance was Elton’s first and only non‐profit tour partner and the sole presenting partner of his 2022 Farewell Yellow Brick Road tour in North America last year.Together, the Alliance, Elton and his husband David Furnish, CEO of Rocket Entertainment and chairman of the Elton John AIDS Foundation, heard from hundreds of thousands of fans along tour stops. The message was clear –  financial security and planning for the next phase in life are hugely important to them. The couple plans to continue working with the Alliance to have these vital conversations throughout 2023.“It’s important that we all take the steps needed to ensure financial freedom in our lives, to follow our own yellow brick road,” said Furnish. “Though Elton and I have been fortunate, the need to save, protect and plan for the future are universal principles and the same for all of us. Our continued partnership with the Alliance for Lifetime Income furthers our mission to stand for human dignity at every stage of life.”Learn more at https://www.protectedincome.org/ What if part of the problem or perhaps the biggest challenge we face as musicians isn’t the money we struggle to bring, but what's happening with the money we do have and how it can build foundations when not wasted on pickle shots and designer jeans?  What if you're putting too much energy into the wrong areas of your business? What if you could achieve a status not about making millions but simply of Financially independent?  Let's dive into this cult-culture movement and see what nuggets are there for us musicians!  Let's go. Become a supporter of this podcast: https://www.spreaker.com/podcast/musicians-tip-jar--4698023/support.

    31 min
  4. 09/10/2024

    113. We are your Co-Workers with Mike Maurer

    Today we complete our chat with front range blues musician Mike Maurer.  We discuss the journey we take to finding our style, showing the market your value and keeping your heart on the most important part of being a musician. “All the money and all the details will go away, what really matters is how you make people feel” - Mike Maurer Mike Maurer is a Colorado based musician who began playing guitar at a very early age, studying with Jock Bartley of the hit band, Firefall. After his debut release, Chasing Pearl , Mike toured extensively, sharing the stage with acts such as Johnny Winter, Eric Gales, Tab Benoit, Earth Wind and Fire, Richie Kotzen and Papa Chubby. His long awaited follow up album is set for release in fall 2024. Aside from endorsements and regional awards, Mike is an excellent and seasoned performer, teacher, and all around fun guy to be around.  Let's go! Today's action is to make a short list.  List the top five income stream sources.  Now take the fourth and fifth and let’s come up with two ways to take those revenue streams up in the list.  This shouldn’t mean spend a lot more time doing these. The answer should be in how to show those areas more of your value so it can increase.  An easy example is with our discussion of the tip jar QR code to multiple tip options. This instantly showed results for me and I believe it will for any of your performing musicians out there too! https://mikemaurermusic.com/ Become a supporter of this podcast: https://www.spreaker.com/podcast/musicians-tip-jar--4698023/support.

    33 min

Ratings & Reviews

5
out of 5
11 Ratings

About

Welcome to Musicians Tip Jar! Chris Webb and Dave Tamkin talk about musicians and money. They take the mystery out of how a musician can make money beyond performing every night of their life. This show will explore the methods and strategies on creating assets in your music business and how it is not a magic trick when musicians get steady cashflow from their talents. Learn more at www.musicianstipjar.com or email them at musicianstipjar@gmail.com Become a supporter of this podcast: https://www.spreaker.com/podcast/musicians-tip-jar--4698023/support.

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