WAYS TO MAKE MONEY AS A MUSICIAN

It’s undoubtedly frustrating sometimes to figure out how to earn a full-time income from music. It takes time for the inconsistent flow (or dribble) of money to level out. But don’t worry, there are plenty of ways to earn money from your current skills.

WAYS TO MAKE MONEY AS A MUSICIAN

1. STREAMING

As you just read, streaming is now the most significant source of income for artists. And while at the start, streaming may only give you a ha’penny or two, it can multiply once you begin to get featured on the Spotify editor playlists.

2. TICKET SALES

An obvious source of moolah is the profits from your gig’s ticket sales! Live shows make up 23% on average of an artist’s income, so start planning, tune-up and get contacting venues!

3. SPONSORSHIP

Partnering with sponsors is a very efficient method for putting on live shows that you wouldn’t be able to afford by yourself. Now, bear in mind, you’ll have to create a list of all the show’s expenses, as well as deciding who’ll be paying what before reaching out to any potential sponsor. But it’s a fantastic way to put on bigger shows which will attract more people!

4. AFFILIATE PROGRAMS

Put simply, affiliate marketing is directing people who have a problem to a solution that you think will work for them. The person would usually use a weblink specific to you or your brand, for you to get credit for the referral. These referrals can give you credit, rewards, as well as cash!

5. MUSIC RIGHTS ORGANIZATIONS

Each country has a different Music Rights Organization ,but fundamentally their job is to protect the copyright of your music and to collect royalties on your behalf. Once you’re signed up to your local MRO, you’ll begin to receive royalties whenever your music is played on the radio, blasted at an event, or even used in a Film/TV series!

6. MERCHANDISE SALES

Once you’ve grown your fanbase, your diehard fans will want to support you by buying merchandise with your name and/or logo on it!

Some of these methods are quick and easy, others take time to build up but all of them are within your grasp. What you do with this list, and the outcome you create is now entirely up to you. No one else can do the work for you so get going right now!

 For more - https://songshop.ca/how-to-make-money-as-a-songwriter/

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