Making money from music can be one of the hardest things to do especially if you don’t know where to begin. Check out this simple breakdown I’ve put together to set you up for success.
1. Streaming Streaming is one of the most promoted ways of making money off your music in 2021 but that’s just the beginning. You can make a decent amount of money off streaming but it takes more than just online streams to make you a successful artist.
2. Website Creating a website can be a jackpot investment for independent artists. The reason is there are many was to make money through your website.
Having a merchandise store is one. There are services that can help you set up custom drop shipping so you don’t have to deal with the production and shipping of your products. Drop shipping isn’t always the best option but it’s a great way to get started. Long term you’ll want to invest in bulk. It’s a lot cheaper resulting in more profits and in some cases higher quality for your money.
There are other was to make money from your site depending on amount of traffic. You could set up profitable Google ads or take it one step further by creating affiliate Market ads. You will make commission off anyone who buys from a link on your site. This could earn you commission from a one time sale to a recurring sales that could last up to 1 year.
3. Touring Booking a tour to play live shows combined with selling merchandise can help bring in revenue as well as engage with your fan base.
However, the COVID-19 pandemic has caused many things in our lives to change, live shows being one of them. Many independent artists have switched to virtual shows on Instagram Live or Facebook Live, allowing them to continue making a monthly income.