Technology’s peak has triggered the demise of record sales. Nowadays, consumers can find any form of entertainment for free online, especially music. This initially posed an issue for musicians that support themselves with the sales of their music. Luckily, there are other ways for musicians to make money today.
These are the ways that musicians actually make money.
1. Diversify.
It doesn’t pay to be just one thing anymore. Musicians must also be entrepreneurs, actors, models, and spokespeople. Dip your toes into every industry while promoting your music.
2. Perform everywhere and anywhere.
Live shows are how top musicians rake in cash. By going on tour, you will make money off the ticket sales as well as grow your fan base and promote your music. Randomly announce pop up shows to excite your fans and don’t pass up any opportunity to perform.
3. Create trendy custom merchandise.
Along with ticket sales, custom merchandise is a necessity for any musician that wants to be taken seriously. Nowadays, musician merchandise has taken on a new role in the fashion industry. Spend the time to create merchandise that is different and relevant in fashion. It will surely prove it’s worth.
4. Offer exclusive products.
Signed merchandise, personal letters, or secondhand clothes can be sold for major cash. Offer something that is irreplaceable and is only available for a limited time. This will raise the value of both the object and you.
5. Spread your skills throughout the industry.
When musicians are just starting out, they must make a name for themselves in any way that they can. This means taking any job that you qualify for. Many famous musicians have offered their talent in instrumentation or songwriting for other artists.
6. Be extremely active on social media.
Technology has created a new form of fame with social media. By actively posting on YouTube, Twitter, Instagram and Snapchat, you have the opportunity to develop a large enough following to get paid to post. Some musicians make at least half of their earnings on social media sponsorships alone.
7. Teach others.
Offer your skill and experience to a local college or music school as an instructor. This is a simple way to make extra cash and can prove to be beneficial for your musical diversity as well. Teachers often say that they learn more from their students than their students learn from them.
In this economy, it’s necessary for musicians to bring more to the table. Find your place in the music industry by becoming a part of everything else.
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Corinne Rivera appreciates every type of music, which stems from her experience in dance and playing the guitar and the flute. She currently resides in San Francisco where she studies electronic communications, explores the city’s art, and attends concerts of all genres.
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