- Salary or commission from the band (typically a percentage of the band's earnings).
- Performance royalties from compositions by the band.
- Licensing fees from the use of the band's music in movies, TV shows, commercials, etc.
- Merchandise sales.
- Tour revenue from ticket sales, sponsorships, and merchandise.
- Publishing royalties from the sale of sheet music and digital downloads of the band's music.
- Sync licensing fees from the use of the band's music in synchronization with visual media.
Salary Range:
The salary range for managers of bands can vary widely depending on the size of the band, their level of success, and the reputation of the manager. According to the U.S. Bureau of Labor Statistics, managers of entertainers and athletes earned a median annual salary of $111,400 in 2021.
Top Earners:
The top-earning managers of successful bands can earn millions of dollars per year.
Factors that affect earning potential:
- Size of the band's fan base.
- Number of successful albums and singles released.
- Frequency and size of tours.
- Licensing deals.
- Publishing royalties.
- Merchandise sales.