Build a multi-revenue recipe as a musician
Rick emphasizes that the old model of selling millions of CDs is gone, and even million-stream songs yield relatively small payouts. He points to his friend Tosen Abasi (Animals as Leaders) who has a guitar company, plugin sales, and several income pillars, and Polifia's Tim Henson with a signature Yamaha strap and Neural DSP model. He also mentions VIP meet-and-greets before shows and group lessons as profitable add-ons. The key is to treat your career like a small business, constantly testing and adding revenue streams. He frames this not as optional but mandatory: 'You have to figure out what your recipe is for making a living.' Even a 63-year-old like himself learned to navigate this new landscape, so younger artists have no excuse.
Rick shares that many of his interviewees are 'heritage' artists who made money in the old system, but his younger friends all survive by combining these various streams. He says he himself had to figure out YouTube and modern promotion, implying the adaptability applies to everyone.
The people that do well nowadays are people that don't just write songs and go out and tour with their band. They have to figure out what their recipe is for making a living and it takes a lot of work to do that.

