I poured just about every cent of my childhood savings into my commercial demo, and don't get me wrong, it's incredible and leagues better than anything I'd be able to do on my own, but it left me in a very precarious financial situation for a long time.https://twitter.com/AlanLeeVO/status/1291439569460584448 …
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One thing I've noticed recently is there's more options for demo producers that are around that middle ground & are very conscious of people on a budget. I'm starting to see a lot of good working people with offerings around $1200-1600 for demos.
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The only exception I would make is if you're ready to splurge on a Promo demo because of how competitive that field is, you want that demo be as golden as the potential handcuffs that come with those gigs so in a case like that, you'd want to pay that extra expense.
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