Music Sells. 99% of the people in the world love some type of music.
Music is an integral part of our everyday lives, whether we're working out to it, leisurely listening to it, going to a concert, watching a movie or show, shopping, worshipping, partying, going to a restaurant, learning, or doing any of the other thousand activities that we humans like to pair music with.
Since music is one of the most important parts of entertainment, it is bound to be a billion-dollar industry.
The music world is a bit chaotic at the moment with all the different changes in technology, but there are also new ways to make money with music popping up all the time, thanks to that same boom in technology.
Related Post: See How To Make Money On Spotify
Are you looking to make money with your music via passive income? Are you working toward going full-time and quitting your day job? Consider these methods of earning money from your work.
From royalties to sales to work for hire, you have several options at your disposal if you have the talent and work ethic to make things happen!
You can earn money from royalties on streaming sites like Youtube and Spotify. Each time your song is played, you earn a small fraction of a cent that can add up to a lot if you're getting thousands of plays on your songs.
Royalties are a high passive income to have since you can earn money at any time from your previous work without actively putting in present hours for it.
Related Post: See How Royalties Work And How I've Gotten Paid
Similar to royalties, sales are a great form of passive income that can earn you money from your previous works at any time. Sales in the music world can come from products like singles, albums, merchandise, and show tickets.
While not all forms of sales are passive, you still have a great amount of scalability in your profits when selling your products to fans. Bandcamp is a good place to start here!
You may also be able to make money by selling your CDs and performing locally, but be sure to check up with sales laws in an area before setting up to sing or play and sell your merchandise legally.
If you are interested in putting your talent to work for other people's songs, consider doing work-for-hire projects. Companies and musicians often hire singers, instrumentalists, producers, and rappers to lend their talents to a project for a set fee or pay by the hour.
Building a freelance business for your music can grow quickly if you provide high-quality results since you will frequently win repeat customers effortlessly.
I have had a lot of success advertising my singing and songwriting on sites like Fiverr. I highly recommend them and have made thousands with them so far, and I see a lot of other musicians having massive success with them as well!
If you are able to consistently come out with a great stream of video and/or audio content to post on a site like Youtube, you should think about getting into starting your own channel.
Channels that have a high amount of subscribers often see thousands of dollars in earnings monthly. The key to this method is being original, consistent, and likable.
If you're looking to share your skills with others who are growing in their music journey, look into teaching or giving private singing lessons. These days, lessons are pretty flexible with in-house lessons, in-studio lessons, and video lessons.
You can also get creative with your teaching format, delving into the content marketing side of things with options like ebooks or webinars that share your musical expertise.
Music is always needed in advertisements, movies, shows, games, and many other forms of entertainment. If you have a large amount of original material that you are interested in licensing to a company to earn commissions, apply to a few trusted music licensing companies.
Licensing earnings can range from $500 to $50,000 per project for independent artists and musicians.
Some very prestigious choirs do so well with gigs that they are able to pay choir members. While some choirs allow all singers to get paid, other choirs hire section leaders in a choir to sing and help other choir members with the choir music.
Smaller musical groups like barbershop quartets, boy bands, and carolers also get paid and have a ton of fun singing.
At the end of the day, there are numerous opportunities to make money singing and monetize your musical talent. With the widespread love for music and the ever-evolving landscape of the industry, it's possible to generate income through various avenues.
Passive income streams like royalties and sales offer the potential for long-term earnings from your previous works. Consider exploring platforms like YouTube, Spotify, and Bandcamp to reach a wider audience and generate revenue.
Additionally, offering your skills through work-for-hire projects and content marketing can attract clients and fans, leading to a steady income. Teaching singing lessons or sharing your expertise through ebooks and webinars can give you another income-generation avenue.
Furthermore, licensing your original material to companies and singing in choirs or musical groups can open up additional paid opportunities. Embrace the possibilities and find the right mix of strategies that align with your goals and musical aspirations.
As a session singer, writer, and producer that has worked with over 300 clients to provide high-quality jingles, singles, and features, Yona spends her time creating and marketing new music and helpful resources for creators. Check out Yona’s latest releases on her Spotify, her Youtube and share if you like it!
If you are in need of singer, songwriter or song producer services, see what Yona Marie can offer you on her services page.
