So you sing better than off, strum a guitar or play piano better off. Or maybe, if writing music or lyrics is your thing, you can compare yourself to Morrissey or Jhene Aiko. Or maybe you’re not as good as any of these music icons — but you’re good enough. Suppose that’s the case but the record companies don’t know you exist, your product jingle submissions are rejected and you wash out on the first round of auditions for The Voice. What if you know you have what it takes, but others don’t yet — how do you translate your skills into something more? How do you make money with your music? How to Make Money With Music You can start by trying a few of these ways to earn money from your musical talents. 1. Teach in Person If you know how to play an instrument or you can sing, you can probably teach others. Websites like Wyzant.com make it easier than ever to find people to tutor without expensive advertising. 2. Create a Website A website or blog is a great way to showcase and even sell your music. You can also advertise your availability for gigs. No idea where to start? You can use a platform designed specifically for band websites. 3. Start a YouTube Channel YouTube is a good place to not only make money with your own music but also a great place to make money giving free video lessons. You can find single video lessons there with millions of views (like this guitar lesson for beginners). That can translate into big money if you monetize your video tutorials. In addition to creating lessons, you can record yourself performing and put the videos on YouTube. This strategy has helped many successful musicians and pop stars, from Justin Bieber to Soulja Boy, get discovered. 4. Be a Band Stand-In You know what you can do, but why not let a few active local bands know? Offer to be a stand-in for any sick or absent band members. Apart from making a little cash, it might lead to something bigger, like joining a rising band or starting your own. 5. Be a DJ The most obvious way to make money as a DJ is to get paid for working at bars, clubs and private parties. But you can make it a serious business by building a brand, putting on big shows, selling merchandise and doing endorsements. Also, depending on the venues you work, you might be able to play some of your own tunes alongside the popular requests. You might soon have a following. 6. Book Gigs Small bars and restaurants might be some of the easier places to start when it comes to booking gigs, but events can pay better. Parties, small festivals, art fairs and corporate events are all possibilities. 7. Write Songs Selling songs outright isn’t common, and that’s probably a good thing. Who wants to make just a few bucks on a song that might become a big hit? Instead you typically get mechanical royalties or performance royalties. 8. Put Your Music on Spotify Spotify is a streaming music platform that lets people listen to music for free or upgrade to paid subscriptions. The company makes money through advertising and subscription fees. A variety of factors determine how artists get paid, including whether they are independent or signed with a record label. Spotify looks at an individual artist’s stream share — that is, the total number of streams they have in a given month — and then determine that artist’s portion of all the streams on Spotify. That amount is the artist’s cut Spotify then takes its own cut, and a certain amount of money also goes to recording royalties and to the writers..
Last updated 8 months ago