10 Ways to Generate Income as a Musical Artist

You’re a creative, and that means you have a creative mind. This usually means focusing on the business end of your craft can become a secondary matter. However, the more time you focus on the business end of your music means you get to creat more, and isn’t that what you want? Yes! To do this you need to diversify your revenue streams.

As a musical artist, there are several ways to generate income from your music. Here are ten ways to make money as a musician:

Live Performances

Performing live concerts is one of the most common ways for musicians to generate income. You can book shows at clubs, festivals, and other events, and charge for tickets or receive a percentage of the event’s profits.

Merchandise Sales

Selling merchandise such as t-shirts, hats, and other items with your logo or brand can be a profitable source of income.

Streaming and Downloads

Streaming services such as Spotify, Apple Music, and Tidal allow artists to earn royalties from their music. You can also sell digital downloads of your music on platforms like iTunes and Amazon.

Licensing

Licensing your music for use in TV shows, movies, commercials, and video games can be a lucrative source of income.

Publishing

Music publishing refers to the administration of a songwriter’s copyrighted music. Signing a publishing deal with a company or administration entity can help you generate income from your songs through royalties, synchronization licenses, and other opportunities.

Collaborations and Features

Collaborating with other artists and appearing as a featured artist on their songs can help you reach a new audience and generate income from royalties and publishing.

Crowdfunding

Crowdfunding platforms like Kickstarter and Patreon allow fans to contribute money to support your music projects in exchange for rewards such as early access to new music, exclusive merchandise, and personalized experiences.

Sponsorships and Endorsements

As your career grows, you may be able to secure sponsorship deals with companies that align with your brand. These deals can include product endorsements, sponsored content, and other opportunities.

Music Education

Teaching music lessons, workshops, and online courses can be a profitable source of income for musicians.

Production and Session Work

Producing music for other artists or working as a session musician can be a lucrative source of income for musicians with specialized skills and experience.

Overall, as a musical artist, it’s important to diversify your income streams and explore various opportunities to generate revenue from your music. If you need assistance or would like to learn more ways to diversify your income as an artist, please contact us today.