Starting a band is a great way to gain social capital, and it also has the potential to put you in a situation where you can earn a lot of money as well as long as you do every single thing right. However, you do need a way to promote your band, and incidentally this can turn into an excellent revenue generating source for you as well in some way, shape or form. A big part of the reason why that is the case has to do with the fact that when people buy merchandise from you, they will be giving you quite a lot of profit that you can live off of at any given point in time as well as put towards future projects that you might be working on.
While t-shirts and other such items are pretty much done to death from a merchandise standpoint, you should realize that custom embroidered patches are not yet a market that has been tapped as of yet. You can go to e-patches.ca to have them make your patches for you, and if your band name and logo are emblazoned proudly on the patches then this means that everything is going to turn out right for you in a really big way.
You can sell these patches at your gigs as well as through an official store, and pretty soon you will have to hire an accountant in order to keep track of all of the money that you are bringing in. While following your dream is definitely important, it’s also essential to be practical about things by earning a decent amount of money as well so that it becomes manageable.