My initial thought is, no. Now, I’m not claiming to have the answer, but based on my own experiences as an indie musician, my money is made on live performances.
That got me thinking, should I spend less money on recording and releasing an album, or even song-by-song music production for digital downloads, to be able to get it to my fans cheaper because I’m not making much in return on those efforts? However, recorded music is still vitally necessary, but do my fans really care if I recorded it in a professional studio vs. my basement to save on production costs if the quality matches their expectations?
My point is, as an indie musician these days you might be best off to learn and understand how to record your own music very affordably, to the reasonable listening quality expectations of your fans, market it knowing that the recorded music isn’t going to make you tons of money, but if it can help you get fans to your live shows where you’re being paid by a venue and selling additional merch. (T-shirts, CDs, stickers, posters, etc.--folks often want to commemorate a live show experience with a suvineer, even a CD) at the live shows and concentrate on booking shows and marketing those shows, using your recorded music as a driving force in your marketing of performances.
By: Nick Venturella