Musicians have a unique opportunity to increase their earnings now that live shows are back. But they shouldn’t overlook the online revenue streams they established during the pandemic. Our article examines the best ways for musicians to boost their profits by integrating both live and online channels to promote their music. Discover how to expand your audience and increase your income by leveraging the advantages of both worlds.
Can you make money streaming music?
The answer is yes! Although payout rates can be low, there are strategies that can transform your music into a profitable venture. Building a strong online presence, especially on social media, and promoting your music can increase streams and earnings. Don’t miss out on this opportunity to unlock your music’s full potential. Start taking action now!
How do music streamers make money?
#1 Sell digital downloads
Although digital music sales have decreased, they are still a valuable source of revenue for musicians. Bandcamp alone had over 15 million digital album purchases and 7 million track purchases last year. Additionally, distributing your music on major online platforms like Apple Music or Amazon Music can provide fans with an easy way to support you if they already have accounts.
#2 Sell band merch through
Looking to boost your band’s revenue? Bandzoogle has got you covered! Our members alone have generated over $15 million in direct-to-fan merch sales through their websites in just two years commission-free. From CDs to vinyl and everything in between, we cater to all your merchandising needs, including digital downloads like videos and sheet music. And if you’re not sure which items to offer your fans, you can always use a print-on-demand service like Printful to sell merch without upfront costs or storage requirements. Get started today by creating your very own professional website with Bandzoogle – sign up now and start selling your music and merch today!
#3 Sell tickets to live stream shows
In-person shows are back but don’t overlook the power of live streaming to connect with fans and boost revenue. Not all of your fans can make it to your live shows, so offering exclusive access to live streams can help you generate income and connect with audiences worldwide. Take advantage of this proven strategy and make the most of your online presence.
Making music online can pay off and even make money on it, but everything that concerns money on the Internet requires protection. The easiest way to protect yourself is to use VPN for iOS. If you download VPN for your iPhone and use it, you will have an encrypted tunnel where no data will fall into the wrong hands. Different VPN apps use 64, 128, and 256-bit encryption systems. The most secure is 256-bit encryption, which VeePN also uses. The smartest and safest solution is VeePN download, in this case, you will have a choice of more than 2500+ servers. You should always think about the security of your payments, both when you receive them and when you send them.
#4 Performance royalties
As a copyright holder of your music, you have access to various types of royalties beyond mechanical and streaming. Songwriters should make sure to sign up for a Performance Rights Organization (PRO) to receive performance royalties. In most countries, there is one PRO available to join. For example, Canada has SOCAN, while the United States offers three options: SESAC (invitation-only), BMI, and ASCAP (open to all songwriters). Despite the misconception that performance royalties only apply to live shows, PROs actually pay artists for terrestrial and satellite radio plays, and even streaming revenue. Don’t miss out on this potential source of income for your music. Join a PRO today.
#5 Monetize your YouTube channel
To start earning from your YouTube channel, upload your music to it and set up monetization. You’ll earn a portion of the ad revenue when your music is used in any YouTube video, including those on others’ channels. CD Baby can assist you in receiving the full compensation you deserve for your music.
#6 Offer fan subscriptions
Fan subscriptions are a proven way to generate consistent revenue online. By offering exclusive content, performances, videos, and merchandise, your loyal fans can subscribe and receive rewards in exchange for a small monthly fee.
While it requires effort to continually produce new content and rewards, it’s a valuable opportunity to build stronger connections with your fans and generate recurring revenue. Take the challenge and reap the rewards.
#7 Virtual music lessons
Discover the flexibility of remote music lessons! Thanks to video chat services, such as Zoom or Google Hangouts, teachers and students can stay connected and engaged from anywhere. With your undeniable talent for playing instruments or singing, you may have a wave of hobbyist fans eager to learn from you. Offer one-time or recurring lessons at an hourly rate and share your passion for music in a whole new way.
Conclusion
As you can see, there are plenty of ways for musicians to make money online. Whether it’s through streaming platforms like Bandzoogle, offering fan subscriptions, or teaching virtual music lessons, the opportunities for generating income are vast. Don’t be afraid to get creative and think outside of the box – any idea can turn into a successful venture!
