Mae 5 ways to make Money With your Music mcenas Royalties and 14 Ways to Make Money From One Song
Royalties and 14 Ways to Make Money From One Song
Ripsum ALIQUAM
As with any business, your products and services you have to generate revenue to keep the business a float As an artist you should aspire to do the same thing. You need to generate revenue in order to keep moving your music career to the next level. Several artist tend to create music, however they don't understand that though they may have recorded a great song, that it takes money and creative marketing to push the song forward. If you don't have the money to start, then we came up with some creative ways to help you generate money.
1. Royalties, Publishing, and Liscensing
The first thing you want to do as an artist with or without a label is to make sure you have a decent understanding of royalties, publsing and liscensing. We suggest doing this first, you can easily set your foundation so that you have a few streams of money coming to you.
An easy way to start is with royalties. Sign up for BMI or ASCAP, and SoundExchange. If you have SoundExchange, but don't have access to the commercial radio airwaves yet, then try sending music to internet radio stations who confirm that they use SoundExchange to pay royalties. Everytime your song spins, you'll see those few pennies add up. If you are doing this on your own, then that's great more money for you. If not, and you are using a producer or doing a collaboration with another artist, then make sure you have an agreement or even a contract that lays out how the royaties are split. If you are signed to a label, then make sure you have a good understanding of who owns the publishing. This underlines, who gets the money of course. Make sure you know how much of the royalties are being split between you and the label.
Industry Insight
Building Your Revenue
An easy way to start is with royalties. Sign up for BMI or ASCAP, and SoundExchange. If you have SoundExchange, but don't have access to the commercial radio airwaves yet, then try sending music to internet radio stations who confirm that they use SoundExchange to pay royalties. Everytime your song spins, you'll see those few pennies add up. If you are doing this on your own, then that's great more money for you. If not, and you are using a producer or doing a collaboration with another artist, then make sure you have an agreement or even a contract that lays out how the royaties are split. If you are signed to a label, then make sure you have a good understanding of who owns the publishing. This underlines, who gets the money of course. Make sure you know how much of the royalties are being split between you and the label.
With today's internet age, you have so many oppurnities to liscense your music. The most obvious way to do it is through Youtube. CD Baby has already paid over $2.5 million in YouTube revenue to independent artists . CD Baby allows you to opt in to their free licensing program, you’ll make money whenever your music is streamed via YouTube or used in other Youtube videos, even if your music is just in the back ground. There are other websites outside of CD Baby that can help you with this. You have Rumblefish.com and Affixmusic.com (which currently are accepting submissions right now). However Beatpick.com and Pumpaudio.com are accepting submissions. All of these sites also offer licenseing for film, tv, and advertising.
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