DJ John Summit to Launch 'Experts Only' Festival in NYC

Business Growth & Strategy - The artist is expanding beyond traditional venues like arenas and stadiums, aiming to explore different types of venues [3][4] - The artist is building a record label, Experts Only, to promote other artists and move beyond just the "John Summit Show" [4][5] - The artist is investing in the brand and business by launching a music festival, even if it doesn't generate immediate profits [19] - The artist emphasizes the importance of being authentic online to connect with fans and build a loyal customer base [21][22] Financial Management & Investment - The artist saved enough money to transition to full-time deejaying for at least six months, with the option to return to accounting if needed [8] - The artist highlights the importance of wise investment and building a team, including a label manager, radio plugger, and marketing team [10] - The artist invests in traditional assets like stocks through financial advisors, while also owning a condo in Miami [11][12] Music Industry Economics - The electronic music festival is expected to draw 50,000 people, requiring months of planning and permitting [1][2] - The artist acknowledges that touring as a solo DJ has lower costs compared to touring with a full band [9][10] - The artist notes that while major artists like Taylor Swift and Beyoncé are guaranteed to make money, the economics can still work for artists at lower tiers, especially when touring clubs [16][17][18]