How to Best Invest Money in the Band Fund
Are you a musician? Is your group having issues? Ask Fan Landers! Critic Jessica Hopper has played in and managed bands, toured internationally, booked shows, produced records, worked as a publicist, and is the author of The Girls' Guide to Rocking, a how-to for teen ladies. She is here to help you stop doing it wrong. Send your problems to her -- confidentiality is assured, unless you want to use your drama as a ticket to Internet microfame. 
Hello Fan!
We're a Chicago-based indie folk duo called Elk and big fans of your column. We have a question that we feel lucky to be asking: After several years making music together, we've decided to get more serious. We just released our debut EP and it's doing well. Family, friends and fans are paying more than we expected for the download, and we've got a little band nest egg on our hands. It's not too much money, but it still brings up a strategic question. What's the wisest way for us to invest money that the band earns? We don't need to pay ourselves right now. Should we pay some creative friends to help us make a cool-looking music video, or get some better press photographs? Should we just save it for gas money when we tour? (We haven't toured yet but would like to start.) Should we be saving up for engineer costs of a full-length record? What about investing in merch which could, in turn, help us make more money when touring?
Thanks so much for your advice!
Elk


































