Let's go over the most common revenue streams artists use to monetize their music:
- Earn streaming royalties through digital distribution. ...
- Make money playing gigs. ...
- Sell band merchandise online. ...
- Collaborate with brands and other musicians. ...
- Sell beats and samples. ...
- Teach music classes or sell lessons.
- How much money can you make from making music?
- How does music make money in 2021?
- How can I make money online with music?
- How do musicians make money at home in 2020?
How much money can you make from making music?
In summary, the average working musician earns $35,300 USD gross revenue annually from their music career, counting income from a variety of sources.
How does music make money in 2021?
But hopefully this list of twenty-one revenue streams for musicians will spark some ideas for generating more income for your music career.
- Sell CDs. Do music fans still buy CDs? ...
- Sell vinyl. ...
- Sell cassettes. ...
- Sell digital downloads. ...
- Revenue from streaming music. ...
- Play live shows. ...
- Make money with live streams. ...
- Sell merch.
How can I make money online with music?
How to make money with music online
- Sell music through your website. ...
- Make your music available through online music retailers. ...
- Make your music available for streaming. ...
- Monetize your YouTube channel. ...
- Finance your next project through crowdfunding. ...
- Offer fan subscriptions. ...
- Sell tickets to live stream shows.
How do musicians make money at home in 2020?
Here are eight ways musicians can make money online without leaving the house.
- Selling beats online ($100-$1000+ a month) ...
- Production music libraries ($250-unlimited) ...
- Sync licensing ($250-unlimited) ...
- Fiverr.com ($5-$1,000 a month) ...
- Distribute your music on streaming services (1 million plays ≈ $4,000)