Making money in the music business is the dream of many an aspiring artist. While the odds of being famous are less than desirable, it is possible to make a comfortable living as a performing artist in the meantime. The first rule to making money is understanding that the music business is a business like any. It requires an initial monetary investment and takes time to grow. For these reasons, talent, a marketable product and entrepreneurial skills are an absolute necessity. Develop a detailed, written business plan. The plan must include marketing strategies, goals, description of products and services in this case, a song list and any merchandise you will sellperformance rates and projected expenses. Define your band and identify the type of audience to which you will play as part of your overall business plan.