How to make money as a musician?
If you are a musician, then you can easily use your skill to earn a living. Whether it is a lucrative side-gig or a full-time job, selling music is an easy way to make money. Every musician dreams to make a living from their music. Besides, physically selling the music, you can do more to earn. It is not possible to make money from just touring or Spotify.
Selling music does not come with any guarantees. So how do you reduce the risk of failure? Making money from music is not simple, but it is not impossible. By setting up automated and diversified revenue streams, musicians in 2020 can decrease the risk and get more opportunities from their dream career.
How to make money with music?
In the start of your music career, it is ideal to have several revenue streams. Any single stream cannot generate enough income for you without the support of a major record label. But, operating together, automated revenue streams can help you to focus on making music
Earn streaming royalties via digital distribution
It is vital here to understand the difference between the distribution network and streaming service.
A distribution network
It is a platform that collects and distributes royalties from those streaming services.
A streaming service
It is a platform that the consumer uses to listen to music. Most of the popular sites are Apple Music and Spotify.
Musicians do not have many options when it comes to streaming services. You must stream your work on Apple Music and Spotify, the two largest and famous services across the globe. Other famous streaming services are YouTube Music, Amazon Music, Google Play and some other. The genre of specific streaming service is JunoDownload and Beatport. These are designed to assist electronic musicians and their fans.
Make Money As A Musician
Make money playing gigs.
If you are thinking about playing live, you might be on the right track. It is one of the most profitable methods for the musicians to make money. It is a beautiful opportunity for music lovers too because they will enjoy watching their favorite star live. Performing live is not the only right way to generate more income, but also one of the best methods to develop an audience.
You, as a musician, can create an electronic press kit. When you reach the venue, there is an opportunity to distribute for the electronic kit. It is a digital collection of music, images, videos and documents. The venue uses EPK to get an instant overview of your brand. In this way, you can generate a press kit utilizing design tools like PressBuilder, Adobe Spark and Canva. Your press kit should be included with
A brief bio of your music
Links to your profile on social media
High-resolution and Professional photography
Links to your songs on Apple Music and Spotify
Press reviews and quotes
Sell your music online.
Selling band merchandise is one of the best methods to earn more money while working as a musician. You can generate income with a complete automated merch store. A musician generates more income without taking any time from performing music and writing.
With the print on demand and Shopify, you can set up a completely automated merchandise store shortly. Begin by deciding which goods you need to sell. You can sell T-shirts, bottles or other items with your band name. It is one of the best ways to earn more.
Choose a platform to sell your music. Most platforms permit you to sell limitless music.
In the past, musicians, who wanted to get recognition in the music industry, they sent off their demo tapes to the labels. But, it is the age of technology; here, you do not need to wait or extended time for recognition. YouTube is the best platform that allows you to record your music and upload it. Your fans and the audience will listen to it, and you will get listeners from the international world.
It is the platform that works with the singers, musicians and others to create more revenue. YouTube helps musicians to earn more by making their channel and getting more subscribers. In this way, you will be able to earn more money.
Teaching music lessons
It is easy and straightforward to earn more money by using your passion and skills, but you must be proficient at any instrument you are thinking to focus on. Teaching music lessons to the students online is a beautiful way to make money because you can teach more than one student in a session. There should be no distraction when you are giving the lesson.
If you are good at piano, flute or violin, then you can give lessons easily. It is an excellent opportunity for those who are looking for ways to earn money by using their music skills.
Conclusion: How To Make Money As A Musician
In 2020, for musicians, it is hard to collect revenue from a single source. Suppose you are ready to increase your income and to start your music career. In that case, you need to focus on the easily manageable ways.