4 Other Ways an Artist Can Make Money

The secret to making money has long been exposed; have a product or service to provide and money will come your way. This only proves how Artists already have what it takes for them to make money.

However, it is still a challenge for so many artists to make a living despite having their songs out there. Apart from performance gigs, there are several other ways an Artist can make money.

To develop a sustainable profession, it’s crucial to diversify your sources of income. 

Here are some of the best ways to monetize your music as an artist besides performing gigs.

#1. Revenue from music streaming

Every time your tune is played or downloaded on a digital music site, you obtain streaming royalties.

Despite the fact that the payouts for streaming music are calculated in minuscule amounts of pennies per stream, they can eventually add up to become a sizable source of income.

Therefore, you should provide your fans with every chance to support your profession, including making your music streamable so that other fans may find it. Some of the major streaming platforms include; Spotify, Apple, Music Google Play, and Amazon Music. Start here. 

#2. Use of Digital music stores

Although streaming services are a common way to listen to music, selling your music online by way of digital stores should also be prioritized.

Your song will reach a larger percentage of listeners if you release it as widely as you can. Many music enthusiasts prefer to buy new music from a place they frequently do business with.

And digital music stores are where they feel secure using their credit card information, and where they are confident that the platform will sync with their existing music collection.

#3. Sell digital and physical Merchandise

Musicians can decide to make money by selling merchandise at live performances and online to earn sizable profits in the process.

T-shirts, CDs, and more compact things like mugs, buttons, and stickers frequently do well in the marketplace.

You can also sell merchandise through your website utilizing a print-on-demand service if you don’t know what to sell or would like not to have inventory to keep.

Digital merchandise like music and video lessons, music-related NFTs, and sheet music can also serve as some ways to make money for an artist.

 
#4. YouTube channel

Many artists are finally adapting the idea of monetizing their YouTube channels by posting their music videos and creating content like music or instrument tutorials on it.

YouTube pays the owner of the song’s rights a portion of the advertising revenue. This applies to both videos on your own YouTube channel and non-channel ones that feature your music.

Conclusion

We would love to hear what other ways you make money from your music career or business other than performances. Please drop them in the comments section below.

We would love to hear what other ways you make money from your music career or business other than performances. Please drop them in the comments section below.