Many music producers make good music but struggle to monetize their craft. Fortunately, more and more opportunities to make money as a music producer have emerged in recent times. In this article, we’ll look at five ways you can make money from your music.
Sell Beats Online
Selling beats online is an excellent way of making money. You can set up an e-commerce website where you can showcase and sell your tracks directly to your clients.
Alternatively, you can subscribe to a beat store such as Airbit, Soundgine, or Beat Stars. These platforms allow you to upload your beats and automate the selling process. They also have public marketplaces where people can find your music.
The advantage of this avenue is that geography does not limit your sales. You virtually have the entire world as your potential customers.
Try your best to produce and sell only high quality beats on your online platform. If you’re relatively new to music production, you should take your time to dig through some online resources and learn more about the craft before jumping into monetization.
Monetize your Instrumentals via Streaming Platforms
Streaming platforms such as Spotify, Napster, TIDAL and Apple Music pay you when people stream your songs. The amount you get paid varies considerably. Some services pay better than others.
Don’t expect to make too much money from streaming though, but some extra cash doesn’t hurt. You can use platforms such as Distro Kid or CD Baby to get your songs on streaming platforms.
You could also consider creating videos for your beats, uploading them to YouTube, and monetizing your views.
License Your Music to Video Game or Film Companies
Ever wondered where the music from video games, TV shows, film trailers or feature films comes from?
Musicians and producers like you make it. Licensing your music to video game publishers and film-makers is a great way to make money from your songs.
It’s not easy to get into the industry, but it’s worth a try because it can be potentially lucrative since you can negotiate a deal to get royalties every time a movie or show containing your music airs.
You can contact film and gaming companies directly, or you can check platforms such as Songtradr. It’s best to try multiple ways so as to increase your chances.
Requesting Support via Patreon
Patreon is a platform which allows creators to receive financial support from their fans. As a music producer, you can create a Patreon page where you can give rewards to people who offer you financial support.
A reward can be anything such as a song, project stems, music production tutorials, drum kits, behind the scenes footage, or anything else that you think your patrons might appreciate.
This is a great way to allow people who are passionate about your music to support you. The cool thing is you can set different reward tiers so patrons can pay as little as a dollar a month or more.
Sell Your Services to Other Musicians
Many musicians are looking for help from other producers. For instance, they may want someone to mix or master their songs. Others are looking for advice and feedback from someone whose ear they trust.
You can offer such services to other musicians at a fee. Take note that you need to put out good quality work to build trust amongst your peers, so it’s important to invest in learning as much about production as possible.
You shouldn’t limit yourself to the monetization methods mentioned in this article. Diversifying your avenues of monetization may potentially increase your chances of success. The small amounts of money from each of the revenue streams can add up.
The music production field is very competitive, so providing quality content gives you an advantage.
It’s also important to remember that you need to promote yourself heavily to attract customers. More visibility often results in more sales conversions.