Artist Management Business

Business Idea: Start An Artist Management Business in 2024

Pat Walls

•

Updated: October 2nd, 2024

Avg Monthly Revenue

$57.5K

Avg Revenue

$57.5K/month

Avg Days To Build

440 days

Avg Revenue

$57.5K/month

Avg Days To Build

440 days

Navigating the intricate world of art can be daunting for creators—this is where an artist management business steps in. As an artist manager, your role would be to handle an artist's career, from securing gigs to negotiating contracts. Your focus is on the business and promotional aspects, allowing the artist to focus on their craft.

Managing artists requires not only a deep understanding of the artistic industry but also strong negotiation, marketing, and organizational skills. It’s a dynamic field that involves nurturing talent, building relationships, and strategically positioning artists to thrive.

This business offers you a chance to work closely with creative individuals, turning artistic passion into a sustainable career. For those with a knack for networking and a passion for the arts, artist management presents a rewarding opportunity to both support and propel artists to new heights, creating a viable bridge between art and commerce.

Revenue & Profitability

How much do artist management businesses make?

On average, successful artist management businesses report $690K/year in revenue.

Startup Costs

How much does it cost to start an artist management business?

It can cost as low as $5,000 to start an artist management business.
It can cost as high as $300,000 to start an artist management business.

Learn more about the costs of an artist management business.

Examples Of Successful Artist Management Businesses

Successful artist management business businesses and case studies

We've Bootstrapped Two Successful Music Licensing Businesses [With $0 In Marketing]

Crucial Music Corporation, a music licensing company, has been profitable for years with a net profit margin between 30-35%, all without an annual marketing budget, due to their reputation for fair agreements and transparency, which has resulted in word-of-mouth growth.

$75K Monthly Revenue

$300K Startup Costs

Read by 4,490 founders

How I Transitioned From A Career In Law To Starting A $40K/Month Business Managing Music Artists

A former attorney has successfully transitioned into managing musical artists, producing live events and recordings, grossing approximately $40,000 per month - all based on his lifelong passion for music, clients and employee's passion-led performance.

$40K Monthly Revenue

$5K Startup Costs

Read by 6,576 founders