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Generating income or monetizing work is a big challenge for musicians everywhere. In this tech-driven world, selling music is getting harder and harder every year. Competition isn’t the only difficult thing, but the evolution of music and the audience are much harder to satisfy. There are more genres, more artists, and other complex ways of selling things. You should always be ahead of the curb, and you should know the current way to make money with music.
The old ways of marketing music such as playing concerts and demos cannot be widely used these days. You can still win through this method, but face it, earning this way will never be enough to make up for your monthly needs and it’s physically exhausting too, traveling from city to city every day.
There are many ways to make money with music. Attack everyone well and differentiate what works best for you and your group.
Live Shows – Truth be told, this method can still pay a decent payoff if you can sell tickets or attract a good number of spectators to your concert. This is not the most reliable option, but it might be enough for some. One of the good things though is the word’s spread and references that might get you another show in the near future.
Cover Gigs – For some musicians, doing a cover gig is exhausting and doesn’t really help you promote your band. This may be true, but the need for cover gigs across the country is still high. This method could still make a good amount of money if you are hired by the right people. The audience and the event will vary from a children’s party, bars, restaurants, company meetings, weddings, etc. The problem is, for most independent musicians, you can never really choose your audience when doing covers.
CD Sales and Demos – If you are going to be playing concerts or a live show, make sure you have a demo handy. There are still audiences who would buy them in person and this is a good way to earn a little more income. Do not rely much on this method as physical sales have been steadily declining over the past few years.
Music lessons – This could be a great additional income for musicians. Although the music sessions only happen a few times a week, earning a little extra income would be of great help to you. You can teach people how to play multiple instruments and create a friendly bond with your students. It also allows you to hone your craft.
There is no doubt that the means indicated above could earn you extras. However, there are a few more ways to make money from music and these are more money making if done accordingly. You have to understand that the music industry is constantly evolving with today’s technology. While physical sales and direct marketing are still at stake today, there is no denying that the audience who listens and buys is going the convenient way, which means buying music from the comfort of their home or wherever they are. is located.
Music License – It would really increase your chances of getting a big payday and you might even get recurring payment if you license your music. Music licensing is the licensed use of copyrighted music. If you own copyrighted music, you are guaranteed compensation if your music is used by others. The fees also vary differently and can be negotiated. With more TV shows, commercials, movies, films and games today, the need for licensed music is at an all time high. Different industries need music content for their businesses.
YouTube – There’s no denying that this is the site to listen to and watch any songs or news you’ve missed over the past week. Today businesses, movies, games and more are campaigning on this site. Did you know that you could get paid if it is proven that other people are using your music content for their own advertisements? YouTube has a content identification system that tracks duplicate music content and videos through their database. But before all that, you must first obtain a license for your music.
Streaming – Music streaming is a big hit today. With the inevitable fall in physical and digital sales over the past few years, streaming has seen a significant increase and will continue to do so for the next decade or so as people opt for this method. Streaming revenues around the world are on the rise, surpassing digital and physical sales. Streaming does not require the downloaded music or video files, so it does not consume space for your computers or smartphones. It’s too convenient for people nowadays because they can listen to any track anywhere and anytime. If you have obtained a license for your music, explore the possibilities of streaming because it is the way forward not only for today but also for the future.
Making money with music is complex and you need to be more innovative because this profession has always been competitive in all aspects. Don’t hesitate to buy your music because the door it unlocks offers limitless possibilities and opportunities. If you want to learn more about music licensing and how to make money with music, check out my website, http://silverscreenmusician.com. We’ll see each other there!
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Source by Kenneth Pantig
