I would like to share the importance of why you should invest in yourself, your craft, and more important things that can make you more money.
Listen to why you should invest in yourself:
We all value things differently. Some of us enjoy spending money on shoes, some spend money on video games, and some of you enjoy eating at nice restaurants. That’s all good.
But some people don’t want to spend money on tools that will potentially help them to earn more money.
What type of things you should invest in:
- Learning – Buy eBooks, take online courses, attend events, buy premium tutorials, and more.
- Equipment – Buy the essential equipment you need to make music. I suggest used music equipment on Craigslist or similar sites. Used gear works just fine and is much cheaper. But if there is equipment that you are missing that can help you to produce better music like a midi keyboard or microphone, invest in them if you can earn back the money to pay for them.
- Marketing Tools – Invest in tools and services like web hosting, music selling services, social tools, and more. These tools are essential to have an online business that earns money.
The 3 categories above when invested in should help to earn more money.
But you don’t want to spend money?
This is not always the case, but free or cheap is not always the best option.
In the past, I have spent many hours looking for free tools and resources on some of the topics above, and from my experience free isn’t always good.
There are many things you need to consider like quality, dependability, flexibility, long term vs. short term use, does it meet your standards, does it look or sound professional, and more importantly you need to consider your time.
Put your time into consideration. If you value your time, add an hourly rate to your time, because the more time you spend on trying to make something “free” work, the more you are taken away from money-making activities.
An example of my time not well spent: When I was attempting to learn to code, I spent many weeks searching the web for free tutorials. Some tutorials were good, but only partially explained information, which left me confused and searching the web for more info. It took me months to learn to code CSS.
But then I paid for a lynda.com account and their video tutorials showed me to code a website from scratch in a few days.
I could have saved myself so many hours.
Invest in Things That Will Make You Money
It takes money to make money
This statement true.
I spend around $200 a month on Hip Hop Makers for website hosting, email services, Clicky Analytics, transaction fees, and more. But what I make is 20 times that amount each month.
But I wouldn’t be able to get to that amount of income without paying for the needed tools and services I use.
Here is an example of people not seeing the potential income that could be made.
I have received many messages from people who don’t use the Music Maker WordPress Theme because they don’t want to pay for a website host.
Do the math:
- A website host on average costs $7.99 a month.
- The typical person spends $8 to $14 a day on fast food.
Once again, because people value things differently, it’s easy to spend money on things like fast food without thinking about it.
But if you invested in marketing tools like a website, what you make can far exceed what you spend. Especially if you are selling digital products like beats. All you have to do is sell one beat to cover your cost and then everything else you sell is profit.
So imagine if you sold 20 beats a month. Is that $7.99 hosting fee a lot then?
No, because you realize certain tools are well worth it when they help you make more money.
So I hope this post has opened you up to the idea of investing in yourself and your craft.
Never stop learning and always look for new opportunities in growth.
Are you investing in yourself? Please share it below.
Thanks for the article.
I think all the points you add are dead on. My only comment is that the $7.99 per month hosting fee, or the equipment that you invested in, isn’t recouped until you sell your product. So, once you decide to invest in yourself, you should have a clear plan of action on how your going to get a return on your investment.
Thank you for the comment.
I think there will be upfront cost to any product of service you want to earn money off of.
The common person spend money on things that will not help them to earn any money.
So I think it’s important to invest in the right things.
And having a plan like you mentioned is important.
Heey…Thanks for this article. I’am Brasilian and I knew your website one month ago. Your website has help me very much. In Brasil does not have one site for beat makers, just any pages on facebook without much information. At same time that your website help me with producer of beats, it also helps me with learning of english. I am still learning english, then don’t note my mistakes of english. Thanks.
Thank you for the comment.
Thank for the article New vision
Excellent and very useful advice
The Articles above are very true, and I need to be reminded of the true and facts of life and that’s what it is. Thanks