Gigging is the bread and butter of musicians. Licensing fees can vary massively, and the amount you’ll earn usually depends on the scale of the project your music is used in.įor example, music licensing company Musicbed charges $49 to use songs in wedding videos, but $499 to use songs in films with a budget of $250k-$500k.
31 THOUGHTS MUSIC TV
Licensing your music ensures that as the copyright owner, you’ll get paid when your song is used in movies, TV shows, commercials, etc.
31 THOUGHTS MUSIC LICENSE
License your musicĪnother way to make money from your music is through licensing. Note: Despite Spotify being the market leader, I’d recommend getting your music on other streaming platforms. And the more people that discover your music, the more money you can make selling music downloads and other products to your fans. Plus, at the very least, distributing your music to streaming platforms will help more people to discover your music. Sure, there’s a lot of people selling their music on Spotify but it’s also the most popular.
That said, 13,000 artist catalogs on Spotify still manage to earn at least $50,000, so it’s definitely possible. Apple Music pays artists just one penny per stream in royalties, so you’d need to get hundreds of thousands of listeners per month to make a decent income. It goes without saying, then, that every musician that’s hoping to make it a career should be distributing their music to streaming platforms.īut be warned: you won’t get rich from streaming revenues alone unless you’re one of the lucky few to release a best-selling hit. And as a result, streaming now makes up a whopping 80% of the music industry’s revenue. Most listeners these days get their music through streaming platforms like Spotify and Apple Music. Even as an amateur musician playing small gigs, you can set up a merch stall and sell your CDs at live music events to your audience to make some extra money on the side. In fact, sales of vinyl and CDs grew by 5% and 13% respectively in 2019.Ĭombined, sales of these types of physical music products raked in over $700 million in revenue for the music industry in the first half of the year alone.Īnd no, you don’t necessarily need to be a big-name artist with a huge following to sell CDs. Physical media-and vinyl, in particular-is making a comeback and seeing a resurgence in sales. Thought nobody bought CDs and vinyl anymore? Think again. You can tap into that market by creating your own online store using an ecommerce store builder like Sellfy, and then uploading your music as digital products.
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While many consumers prefer to stream music these days, there’s still a huge market out there of hardcore fans who are willing to pay to download songs and albums. One of the most straightforward ways to make money from your own music is to sell your songs, albums, and EPs as digital downloads directly to your fans. Sell presets for virtual instruments and effects
Sell unique music-related services on Fiverr Use Content ID to earn revenue from other YouTube videos
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