Since the 1990s the music industry has changed dramatically. Free downloading services in the late 90s, like Napster, were considered a dangerous threat to the music business.
In many ways, to survive, the music industry has had to reinvent itself. Services like Spotify and SoundCloud help people discover new music and helps unknown artists get their music heard.
The Internet has also had a dramatic effect on the retail side of the business. Budding musicians can now turn to online sites to purchase musical instruments.
With these rapid changes in the music business, how can a musical instrument store prosper? How can you make money as a performer in this new digital age? Ultimately, how you can make a living in the modern music business?
In today’s episode of Small Business War Stories we tackle these challenging questions and more with Nick Boettcher from Austin Vintage Guitars and performer in band The Reverent Few.