By Mitch Rice
Many musicians have found fame and wealth when making a name for themselves in the music industry. However, this doesn’t happen overnight, and many new artists struggle to find their place in the often-crowded music scene. If you’re trying to scrape together enough money to get by, but don’t want to give up on your music dreams, here are a few money-making methods you might like to try.
Put Your Music On a Streaming Service
Streaming services like Spotify and Apple Music are some of the best places to gain exposure and make money. While Spotify earnings according to Times International, can be as low as $0.00437 per play, you can earn a passive income while undertaking other money-making tasks.
Spotify also pays monthly, which means you can receive a top-up of your income at the end of the month based on whether or not people listen to your music on this streaming service.
Create Press Kits
Media companies love publishing the latest news that no one has heard before, so there’s no harm in sending information to those companies to see if you can gain interest. Create an electronic press kit that includes a biography, music videos, links to songs on streaming services, and photography. Including contact information and press quotes might also be helpful when journalists wish to follow up.
Once you’ve put together an electronic press kit, you can send it to media outlets to share on their websites. The more your name is mentioned online, the more well-known you might become.
Build Up Your Social Media Presence
While creating social media pages won’t provide you with a form of income, they offer you easy ways to share your music and make yourself known online. You can build up a following, advertise your artist pages to create interest, and help more people know who you are so that other money-making methods you try can be more effective.
Collaborate With Other Artists
We can’t all be good at everything, and while you might have a beautiful singing voice, your instrumental skills might not be at the same level. If you lack the skills necessary to take your popularity to a new level, consider collaborating with other artists. For example, you might know someone with incredible talent on the guitar, but they only play instrumentals. Link up, create songs, and you might be surprised at how popular you both become.
While you might need to charge very little for your services initially, there’s potential for you to build up a following and start earning decent money by playing at bars and local establishments. The more you play to a live audience, the more well-known you might become at each event and the more money you might see rolling in each month.
Becoming well-known in the music industry can be hard work, and it can sometimes be even harder to start making money from your talents. However, you might be well on your way to a healthy bank balance by building up a strong online presence, playing local gigs, and collaborating with other musicians.
Data and information are provided for informational purposes only, and are not intended for investment or other purposes.