Everyone wants to earn some extra money with music. It can be challenging for an upcoming artist to make a living from their music, but there are plenty of ways to start earning your first money with music. Here are 3 ways to turn your music into a profitable business:
1. Distribute your Music to Online Streaming Platforms
The first tip is pretty straightforward but it’s the most important one. If you want to make a name for yourself and earn money, you should get your music on platforms like Spotify or Apple Music. This makes it easy for people to find and listen to your music, share it, and save it. The more streams your songs get, the more money you can make. It may not be a huge amount, but it’s a great way to start earning some income from your music. As an illustration, consider this: 100,000 streams can translate to €400!
2. Assisting Other Musicians
Utilize your skills to assist other artists. Collaboration is the key to success, and success leads to financial rewards. Whether you are good at songwriting, creating album covers, producing beats, playing guitar, or any other talent, there is always a demand for specific skills. Reach out to artists in your community and offer them a service that can help propel their careers forward. This not only benefits them but also benefits you! For example co-producing can lead up to €500!
3. Performans and Concerts
You’ve probably seen it before: artists who perform and charge a lot of money for it. They’ve put in a lot of hard work to earn their value. But don’t forget, they started out at small local venues too. As a new artist, try reaching out to cafes, clubs, or restaurants in your area and ask if you can perform for a night. Show them your music and tell your story, explaining why they should let you play at their place. You can ask for payment or even offer to play for free a few times to build your reputation. Building relationships in the music industry is really important for your future success. The starting fee as an artist is €100 – €200 per hour.
See what these tips can do for your success in the music industry. Best of luck on your journey!