Six Ways To Make Money From Your Music
If you are a music maker, artist, or producer making money from your own creative passion is a fulfilling and rewarding experience.
But building a music business is a process that takes a lot of time and energy to do right. Not to mention the sheer amount of competition within the music scene.
If you are trying to make money from your music you have come to the right place.
How to make money from music
- Streaming Royalties and Digital Downloads
- Music Brand Merch + Physical Products
- Selling Beats
- Freelancing and gigs
- Educational + Digital Products
- Curate Music
1. Streaming Royalties and Digital Downloads
Streaming royalties are the most front end revenue stream for your music brand in most cases. Streaming royalties are produced when listeners stream your music on platforms like Spotify, Apple Music, YouTube, and many others.
In order to get your music on these platforms and collect royalties you need to choose a distributor.
There are several distributors to choose from but our personal favorite go-to distributor is Distrokid. We have used them for 100+ releases without issue and their plans start at $20/year for unlimited music uploads.
- Create a Distrokid Account here (or choose a distributor of your choice)
- Upload your music and album art
- Collect your royalties at the end of each month 🙂
2. Music Brand Merch + Physical Products
For most creators, this is the go-to monetization method of choice. Essentially you will create designs around your brand or a private label product around your brand and make these products available for sale online.
One of the best ways to do this without any inventory is to utilize print-on-demand services like Printify which lets you create products like shirts and hoodies and will print and fulfill orders once customers have placed them. This means the upfront Cost of goods is $0.
Here is a simple artist merchandise framework you can follow:
- Create a Printify account
- Create Products & upload your designs
- Integrate Your products into your online store
- Start selling and let Printify handle all of the shipping and fulfillment for you!
3. Selling Beats
This one is for all the producers out there! There is a lot of demand for beats and selling your beats to artists can be very lucrative. There are several ways to go about this strategy such as using marketplaces like Airbit, using SEO platforms like YouTube, and generating artist leads to sell to over and over again.
If you are unsure how to generate leads for your beat selling business I would highly recommend going through The 5 day Lead challenge for free here.
Here is a simple Framework to start selling beats online
- List your beats on market places like Airbit
- Create Content for your beats on SEO platforms (Think when people search Travis Scott type beat etc)
- Capture leads from both clients on Airbit and through lead magnets from your content
- Send your leads new beats via email marketing services like GetResponse
4. Freelancing and gigs
This artist income idea will require a lot of hustle and work but has massive potential to pay off big time. Very much similar to selling beats you will be selling your skills as an artist. This could be as a session musician, making vocal loops for sample packs, or creating works for media products like games or movies.
5. Education and Digital Products
This is one of my favorite income streams, especially for artists and musicians. What this would involve is you creating digital products like art or exclusive music downloads that your audience can buy directly from you. On the flip side if you are really good at producing or guitar you can create an online course around that skill.
If you are unsure how to sell digital products online the ‘One Funnel Away’ Challenge will teach you everything you need to know and help you launch your first product online to start selling to your audience immediately.
If you choose to go the educational products route you can also upload your content on sites like Skillshare or Udemy.
6. Curate Music
As you grow your music brand you will most likely develop resources like social media channels, playlists, and blogs that not only help your music but have potential to help other artists in your niche.
You can actually sign up to curate and review music on platforms like submithub or playlistpush and get paid to review music! This works great as you can also use this as a networking tool to build relationships with other artists and brands.
If you want to learn more about growing your music brand online I want to give you the opportunity to learn about the ‘Direct Traffic Method‘ which is our go-to music marketing and brand building strategy, click here to learn more