24 Point Music Revenue Checklist √

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24 Point Music Revenue Checklist √
24 Point Music Revenue Checklist √

Ways To Monetize Your Music …

It is super important to make money from your music so you can survive and continue to make more music!

Previously, we have discussed How To Create a Music Marketing Budget With No Upfront Costs.

But, there is more than one way to monetize your music and talent.

So have a read below and make sure you are not missing opportunities to make creating music your day job …

1. Streaming payments from sound recordings 

How: Any time your music is streamed (worldwide).

√ How do you get the money: Your music distributor.

2. Cash from your sound recordings 

How: Any time your tracks are downloaded (worldwide).

How do you get the money: Your music distributor.

3. Mechanical royalties – physical manufacturing 

How: When your original music is pressed on vinyl, CD, or cassette.

How do you get the money: Through the mechanical agencies directly or your publishing rights administrator.

4. Mechanical royalties – downloads 

How: When your original tunes are bought from an international download store.

How do you get the money: Through the mechanical agencies directly or your publishing rights administrator.

5. Performance royalties – radio airplay 

How: When your original songs are played on the radio (AM/FM).

How do you get the money: Through your publishing rights administrator. 

6. Performance royalties – sync placements 

How: When your original songs are broadcast on TV shows, films, Games, Commercials, etc. 

How do you get the money: Through your publishing rights administrator. 

7. Performance royalties – live performances 

How: Any time you perform your original music live, or they’re played in a public space.

How do you get the money: Through your publishing rights administrator. 

8. Social video monetization cash 

How: When your original songs are used in videos on platforms like Instagram and TikTok.

How do you get the money: Through your music distributor or social video monetization service.

9. YouTube Content ID money

How it’s generated: When your music appears in monetized YouTube videos.

How do you get the money: Through your music distributor or YouTube monetization service.

10. YouTube Partner Program revenue 

How: From ad revenue and YouTube Premium subscriptions.

How do you get the money: Through YouTube.com. 

11. Sell physical media 

How: Selling your vinyl, CDs, and tapes through distribution programs, on a website or at record stores.

How do you get the money: From the retailer if you’re selling directly or from your music distributor.

12. Fees – playing on session recordings 

How: Playing in-studio sessions with other musicians.

How do you get the money: Directly from the person/people who hired you.

13. Fees – engineering work 

How: By producing, mixing or mastering music.

How do you get the money: Directly from the person/people who hired you. 

14. Live performance payments 

How: Ticket sales or door fees at gigs.

How do you get the money: From the promoter or venue.

15. Upfront sync rate for your master recording 

How: From sync placements in film, TV, commercials or games.

How do you get the money: From the production company that licensed your music or from your licensing service.

16. Licensing beats 

How: From making and selling your beats for other artists to use in their music.

How do you get the money: From the artist or label licensing your beat.

17. Membership subscriptions 

How: From fans signing up for subscriptions, either directly or through platforms like Patreon or Bandcamp 

How do you get the money: From the platform where you’re offering your subscription (or directly) 

18. Crowdfunding 

How: From fans contributing to a fund for you to record a new album or tour.

How do you get the money: From the crowdfunding platform you choose.

19. Tipping – Livestreams

How: From fans tipping during your live streams.

How do you get the money: From your live streaming platform.

20. Sponsorship and endorsement deals 

How: From companies or brands that are affiliated with you.

How do you get the money: Directly from the company that is endorsing you.

21. Virtual tipping 

How: From fans contributing to your virtual tip jar on social media platforms.

How do you get the money: Directly from the platforms.

22. Teaching what you love

How: By teaching in-person or virtual lessons.

How do you get the money: Directly from the people you teach.

23. Selling courses 

How: By teaching courses.

How do you get the money: Through the website or platform where the course is hosted.

24. Freelancing skills 

How: Hiring out your skills.

How do you get the money: Through the people who employ you.

We hope these ideas have given you a greater understanding on how you can monetize your skills. There is money in the music industry – you just have to know where to find it.

FVMusicBlog July 2022


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