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An artist may need three different managers for specific job roles through their career, viz., Artist / Talent Manager, Tour Manager and Business Manager. A tour manager is in charge of the big chunk of planning before the band even goes out on the road. They make sure that the tour runs smoothly.
The Management Fee A standard management fee is usually around 15% - 20% of your earnings. Your manager takes a cut of proceeds from album sales, any label advance, and from the earnings from deals they have negotiated.
An artist manager is nearly always required to take a fixed percentage (usually 15-30%) of the gross revenue (amount before deductions of costs).
The typical fixed commission rate is 15 to 20 percent of gross income, but some managers work with a variable rate: For instance, 10 percent on income to $100,000, 15 percent on income to $500,000 and 20 percent above that.
An exclusive contract means that only one manager is allowed to sign artists for the company at a time. And the manager will be able to sign an unlimited number of artists as long as each artist is only signed to one manager.
If you're a self-managed artist, then you already understand the struggles of trying to keep your career on track. Being self-managed means you're both the artist and the businessman/woman, and quite often those two titles clash. But it can be done and fluidly!
It really depends on the artist. Usually, artists look for a Manager when things get too overwhelming for them to handle themselves. But, other artists have someone from the beginning to help get their career off the ground. Either way, an artist needs a Manager who is fearless in helping them achieve their goals!
ARTIST MANAGEMENT GETS PAID WHEN THE ARTIST GETS PAID. This means, the artist manager doesn't earn a commission on royalties until the artist has recouped. But it ALSO means, the artist manager gets a commission on any advances paid by the label (or publisher, or agent, or anyone else).
While there is no set typical payment or commission rate for a manager, most managers earn anywhere from 10-25% of the artist's total income, typically the rate is between 15-20%.