5 Ways To Make Money From Your Music
That you love and enjoy making music doesn't remove the fact that you hope to monetize it. Established musicians all made it by applying strategies to generate income. Here are some of the best ways you can make money from your music.
That you love and enjoy making music doesn't remove the fact that you hope to monetize it. Many musicians and artists hope to make money from their music but have no idea how to go about it. It is difficult for an upcoming artiste to monetize their music, but it is not impossible. Established musicians all made it by following the same methods. Here are some of the best ways you can make money from your music.
Sell your music using different streaming services
Streaming services are platforms where people can listen to your music examples like Apple Music, Deezer, and Spotify. Streaming services pay musicians based on the number of streams their music gets; Spotify pays 0.00437p per streams. Streaming services are also an excellent opportunity to get exposure and can also be used to publicize your upcoming live events and sell tickets.
Share your streaming platform (apple music or Spotify) links on social media and blogs to drive traffic and streams. There are lots of Playlist on these platforms. If you can pitch your music to these playlists, you have a better chance of increasing your streams. Your music will be recommended to users of the streaming service. It can eventually be added to official playlists, which will increase your music streams.
Hold live Performances
It is one thing for people to stream your music, and it is another thing for them to see you perform live. Live performance and shows are ways to monetize your music and promote your brand. You can start by performing at a local festival. You may not make money but will get your music in front of thousands of potential fans. It is more comfortable to hold your live performance when your music is well known to all, and you make money from ticket sales. Don't turn down any opportunity to perform live. Some gig-booking websites and applications organize shows and pay artistes to perform.
Create a YouTube channel
YouTube is also an excellent platform to monetize your music. Every time your content gets viewed on YouTube, you get paid. You don't have to pay for YouTube to promote your music as it is free. YouTube generates money from premium subscriptions and advertisements. Every time your music is used in advertisement videos, YouTube pays you. To monetize your music on YouTube, you must use YouTube's Content ID (a way to manage and identify your content on which is copyrighted).
Be a songwriter or sell your beats and samples
There are established musicians who pay people to write songs for them, which is another way to make money. You can start by making a cover version of songs with your lyrics and publishing them online. Doing this will help promote your brand, and as your music gets known, you're sure to get offers to write songs for other musicians, and you'll be paid. You can also earn money by composing music for movies and television series.
Work with other bands and musicians
You could make money from your music by collaborating with other musicians, you do not only get to make money, but your brand is also promoted. Get paid to work as a backup singer for famous musicians or be an instrumentalist for an established studio. You could also be employed to create music for popular brands to use for their advertisements.