Do you enjoy playing, writing, and producing Apollo Music but have trouble making a living doing so? If you’ve tried each of our ten ways to make money, your ever-expanding guitar collection and years of drum lessons will soon pay for themselves.
Even though the music business is very different from what it was in the 1990s, many of the old ways to make money from music are still in use.
In the age of the internet, a few new methods have emerged, some of which have the potential to be even more profitable than traditional methods.
Let’s get to work! Play in a function band
If you want performance to be your main job, starting a high-quality function band is a good idea. A function band, which can also be referred to as a party band, cover band, or wedding band, generally represents a higher level of professionalism and musicianship than a pub covers band, as evidenced by the band’s higher rates.
Two straightforward rules govern the best function bands: play to your strengths and your audience at the same time. You can create a set list that not only makes you sound like an expert band but also guarantees that the dance floor will be full if you follow these two rules to the letter.
When playing at an event like a wedding, your function band will typically play two sets of approximately 45 to 60 minutes each with a brief break in the middle.
You will undoubtedly be expected to move, set up, and eliminate your hardware, however you will be all remunerated fittingly for your endeavors.
As a lyricist, you are qualified for a part of the copyright to your tune whenever it has been distributed. This implies that at whatever point your music is utilized for business purposes, you are qualified for sovereignties. You can get royalties in two main ways from a song you wrote:
Mechanical royalties for when your song is streamed on a platform like Spotify, reproduced on a CD, cassette, or vinyl, or downloaded. Performance royalties for when your song is synced for film or television, broadcast on radio, covered and released by another recording artist, or played in a concert.
When you’re trying to make a living as an independent artist, having a solid understanding of music publishing is especially important.
Although they are required to promote their music as well as collect and manage the royalties, some artists self-publish, which means that they receive the entire amount.
Some artists negotiate a deal with music publishers in which they receive a cut of their earnings—typically fifty percent. They provide the artist with opportunities, connections, and assistance in collecting royalties in return.
Upload your song to platforms that stream music
Streaming is unquestionably the most common method by which listeners and viewers access media, so you need to get in on the action!
Signing up for as many streaming services as you can is a smart way to increase your chances of earning more, but it will take tens or even hundreds of thousands of listens before you start making any real money from streaming. In addition, the number of listens will rise as your fan base grows.
While some streaming services pay artists more per listen than others, and we may have preferred streaming services that we prefer more than others, all of them are still options worth considering.
Check to see how much each streaming platform will charge you to upload your song, as well as whether or not they offer bundle deals for uploading EPs or albums or whether or not they charge for each song individually.