YMCMB's Drake and Manager Cortez Bryant. |
The number one thing artists should know about their relationship with their manager is that the artist is the employer and the manager is the employee. Putting your future in the hands of your employee is both a gift and a curse. With this knowledge you know that the final decision is yours. The problem is you have to trust the decisions of your manager because they’re supposed to be the expert in getting your career from point A to point B. This is why it’s important to have a manager with experience.
Your manager should be a jack-of-all-trades. This should be
the person that double-checks every other person on your team. A manager should
have some experience in contracts and contract negotiations, touring and the
booking process, licensing and copyright protections, and product management.
If you’re in the market for a manager you should be able to ask for tips or
examples on each of these areas.
A manager should always come up with a great idea but that
should always be partnered with a great plan. There will be lots of
opportunities to take an artist’s career to the next level but knowing how and
what it take to take full advantage is more important than the opportunity
itself.
The question on every artists mind is what is a fair percentage
for an artist manager. This depends on what the manager brings to the table. A
fair amount is between 10%-25%. Of course with a 25% manager you should only
have to worry about perfecting your craft. There will still be a significant
amount of time dedication from the artist because the manager should be able to
keep you in the studio when needed and have an established plan to develop and
perfect your strengths and improve your weaknesses.
Here are some key things to look for during your first meeting
with your potential manager. The manager
should look the part, be well spoken, know the right people, sound like a
leader, and have the ability to sell you on your potential without a doubt. But
it is just as important for you, the artist, to know what you need. Preparation
is the key; the business of music is 90% business and 20% talent.
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