3 AMAZING WAYS TO MAKE MONEY FROM YOUR MUSIC
The place where most artists struggle is once they have their song, and have tried submitting it for play listing on various radio stations and have had no luck. Here are three ways that you can start earning an income from your music:-
1. Public Performance.
You may not know this but you are owed a performance royalty for EVERY time your song is played in a public performance space. Yes, that means that every time your band plays your own song at a live music venue, you are making publishing royalties. It seems like a lot of work but it is very simple. You need to be diligent and fill in the Public Performance Publishing forms after every gig with a list of the songs that you played, submit them properly and voila! It is a small amount per show but the more gigs you play, and the more of your songs you play, it can really add up!
There are numerous very interesting ways to make money from your music on Youtube. While you can make money from YouTube simply by choosing the option to “monetize” your video (by allowing YouTube to place ads before or during the video), another YouTube revenue stream that’s often overlooked is its ability to drive merchandise sales.
When uploading a video to YouTube, click to edit the video and add annotations or cards to your video to alert viewers to the merchandise you’ve got available. Even better, film a short call to action that you can add to the end of any of your videos before uploading, asking your fans to support your music by buying merch or donating via a crowdfunding platform.
We’ve talked a lot about SoundExchange on this blog recently. They collect royalties for “non-interactive” plays on web radio (like Pandora) and satellite radio on behalf of artists, labels, and session musicians, for the usage of a particular sound recording.
These are NOT publishing royalties (which have to do with the underlying composition and are paid to songwriters/publishers), and are thus NOT collected by ASCAP or BMI. So… SoundExchange!
You can sign up directly to collect your share, and we recommend you do. BUT… if, for whatever reason, you have NOT signed up to claim royalties from SoundExchange directly, we’ll collect them for you and pay you the following Monday (along with your $$ for downloads, streams, CD and vinyl sales, YouTube, etc.).