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July 2, 2022 • 2 mins read

5 Ways To Monetize Music For Musicians

By Jacque Alec

Making money from music is something that all musicians aspire to do. The days of selling CDs out of the trunk of your car are long gone, and with the advent of the internet, there are now a plethora of ways for musicians to make money from their music.

In this blog post, we will discuss several methods that musicians can use to monetize their music. We will cover everything from streaming services to merchandise sales! So whether you’re a beginner musician or a seasoned pro, read on for some tips on how to make money from your music!

Streaming Services

One of the most popular methods of monetizing music in recent years is through streaming services such as Spotify, Apple Music, and Pandora. By making your music available on these platforms, you can earn royalties every time someone streams your song.

In order to get started, you’ll need to sign up with a digital distributor. Examples of digital distributors include CD Baby, TuneCore, and DistroKid. Once you’ve signed up with a digital distributor, they will submit your music to the streaming platforms of your choice. From there, you’ll start earning royalties every time your song is streamed!

Merchandise Sales

Another great way to make money from your music is by selling merchandise. This can include anything from t-shirts to hats to posters.

One of the best ways to sell merchandise is through online platforms such as Etsy or Shopify. These platforms make it easy to set up an online store and start selling your merch! You can also sell merch at live shows. This is a great way to make some extra money while you’re performing!

Touring

Touring is another great way to monetize your music. If you have a dedicated fan base, they will be more than happy to pay to see you perform live!

Touring can be a great way to make money, but it can also be a lot of work. You’ll need to book venues, book hotels, and buy plane tickets if you’re touring internationally. However, if you’re able to successfully tour, you can make a lot of money from your live shows!

YouTube

YouTube is a great platform for monetizing your music. You can upload videos of your live performances, or you can create music videos for your songs.

Viewers of your YouTube videos can donate money to you through the platform’s “Super Chat” feature. They can also subscribe to your channel, which gives you a small amount of money every month.

You can also monetize your YouTube videos by running ads before or during them. You’ll need to have a minimum of 1000 subscribers and 4000 hours of watch time in order to be eligible for this program.

As you can see, there are a variety of ways that musicians can monetize their music. By streaming their music on platforms such as Spotify and Apple Music, selling merchandise, touring, and posting videos on YouTube, musicians can make a decent living from their music! So what are you waiting for? Start monetizing your music today!

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