Make Money Selling Your MusicBy
Estimated reading time: 2 minutes
The music industry is changing quickly and unpredictably, which leaves musicians in a familiar situation: living paycheck to paycheck. Fortunately, in the age of the internet, there are many ways to make money from your music. Follow these tips to get started:
Book Live Performances
Although there’s no such thing as a steady income for a musician, getting a regular gig is the next best thing. Finding a bar, club, restaurant, or other venue that regularly advertises live music is a reliable and surprisingly-easy way to earn money and gain new fans. Develop a press kit and email it or, better yet, hand deliver it to different venues around town. Most venue owners are primarily looking for reliable musical talent that draws a crowd. Generally, the better you are at bringing and entertaining a crowd, the better you will be paid.
Digital services like iTunes, Spotify, and Amazon (among hundreds of others) are the new-age record stores. iTunes alone has sold over 25 billion songs. These sites are where the ever-growing computer-savvy masses browse and purchase music. Submitting your music to the dozens of online music sales platforms individually can be time consuming, but distributors can help streamline the process. Also, selling music directly from your website usually results in a higher profit margin for you.
Sidenote: listing your music on these sites doesn’t guarantee sales; you still have to get fans there.
CDs Are Still Cool
Despite the increase in streaming and digital sales, people are still buying physical CDs. They, along with other merchandise (t-shirts, posters, CDs, vinyl records) sales, are popular souvenirs for concert-goers. So, take care of business onstage, then man the merch table after the show to network with fans and sell your music.
Could you imagine your original song in a video game soundtrack? Do you have a piece that would fit into a film score or television commercial? You might consider licensing, then. Nearly every industry uses music, most frequently for marketing purposes. If you have specific uses in mind, find the “music supervisor” of the show or outlet and contact them directly. Or, reach out to local advertising firms or independent filmmakers. Have a stellar 30 seconds of your selected song ready to win them over.
The most effective method for making music will vary for each musician. Which method works best for you?