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EDITORIAL: 5 Ways To Earn From Music As An Independent Artist

EDITORIAL: 5 Ways To Earn From Music As An Independent Artist

5 Ways On How To Earn From Music As An Independent Artist. Nigeria’s fast growing Entertainment platform, Gbextra has decided to enlighten independent artist who’re willing to earn from their talents musically by sharing this well composed article on “How To Make Money From Music”.

Now, i know many acts run into music for the mullah (Money) or popularity. Well, its a good thing only if you have the TALENT, VERSATILITY and MIND SET to spend on your career. Until you understand that MUSIC is business you wont move a step further. YOU CAN ONLY BENEFIT FROM WHAT YOU INVEST IN (either TIME, TALENT, MONEY & IDEAS).

So be prepared to have a job outside music, because you definitely need finance if you want to blend in and meet up to “Industry Standard” of been a complete artist.

YOU CAN EARN FROM MUSIC THROUGH:
1: Selling Your SONGS Online.
2: You Get PAID For Live Performance.
3: Create a YOUTUBE account.
4. Licence.
5. Put your songs up for STREAMS.

The above can ONLY be properly achieved after gaining a unique and strong fanbase which comes with popularity, and by doing so you NEED to Promote and Hype your brand massively.

SELL YOUR MUSIC (OFF/ONLINE):
In this modern world Digital distribution is a must; you need to be readily accessible through all media platforms, by putting your songs up for sales (Both Online/Shows) at reasonable price. You can sell CD-Rs at your shows or concerts.

Online Digital distributors like Tune Core, Spotify, iTunes, Amazon and CD Baby etc help independent artists collect that money, as well as Au-diam.

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STREAMING:
According to research Digital streaming is behind the biggest rise in world sales for decades. Spotify pays an average of 0.00437p per stream, meaning if you get 1 million streams you’ll receive just over £4,000. This may not sound like a huge amount of money.

When online streaming has become a trend in the music industry, it should be a no brainier that your tracks need to be on this platform. Whenever your music is played on streaming websites, they pay royalties.

Although per-stream payouts from streaming services tend to be small, they can add up over time. These services also help new fans discover your music, and shouldn’t be seen solely as an income generator, I.e you need to have other job bringing in money to support your career.

YOUTUBE CHANNELS:
YouTube is another platform that continues to prove its success. YouTube allows musicians to make money every time viewers play their content i.e Videos that are running ads, YouTube pays a portion of that advertising money to the rights holders of the song.

The beauty of using YouTube as a platform is that it’s free, you don’t need to know anyone in the industry, upload your song AUDIOS or VIDEOS and take advantage of YouTube’s advertising program to make some extra money.

LICENSING:
Most of the Nigerian songs used for movies is not just done for fun. The producers of these movies actually pay some funds to the artists before they can use their songs. The demand of the song is what makes the fee vary among other options.

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LIVE PERFORMANCE:
We all know you can get paid while performing at show, so going to paid shows will definitely earn you money as well as boosting your brand fanbase.

In conclusion: The above list might seem hard for an independent artist who’s also naive about the music world. But first let one thing be your priority and that should be ‘How To Build My Fan-base‘ because earning money from your talent will ONLY be easier if you have strong fanbase with die-hard fans and supporters who’re willing to invest in you.

Source: Gbextra Blog