How to Start Monetizing Your Musical Skills
If you’re a musician, you likely possess a set of skills that most others don’t. Even if you don’t see yourself earning a full-time living from your music, there’s no reason at all why you can’t start monetizing those skills in small ways. There’s a solution no matter how big or small you are as an artist, and we’re going to discuss some of the options open to you today. So read on to find out more.
Create a Store to Sell to Your Online Audience
Creating a store on which to sell physical copies of your music as well as any merchandise you might want to create or have created is definitely a good idea. There are lots of reasons why you might want to do this rather than relying on other channels. It’s relatively easy to set up a simple ecommerce store and it gives you a central base for all of your sales to fans.
Look for Media Licensing Opportunities
There’s a lot of money to be made when it comes to licensing your music to companies in the media sector. TV shows, movies and video games are always looking for new music that they can use in their creations, and you should reach out to some of the major buyers in this niche if you want to make money in that sector too.
Perform Live
Live performances are a good way of making money for a variety of reasons. First of all, you of course get a fee for showing up and performing. You might also get a cut of the money made on the night, depending on the payment structure of the venue. You’ll also be able to use the live show as a way in which you can sell your merchandise to fans in person.
Explore Spotify and Other Similar Platforms
There are lots of streaming and music purchasing platforms out there that you can make use of these days. It’s a good idea to explore these and see if it might make sense to start making your music available. You don’t have to have a huge audience to start making a little cash from your music. It’s also very easy to put your songs on Spotify and other similar platforms these days.
Teach Your Skills to Others
If you have the ability to play a particular instrument and you also feel like you’re someone who’s getting at helping and teaching others, you can combine those skills and make money teaching other people to play. Teaching a skill is always a good way of making money on top of whatever other income you have, so it might be something for you to explore.
As you can see, there’s no shortage of ways in which you can start monetizing your musical skills today. Be sure to explore the ideas we’ve talked about here today and act upon the ones that are most appealing and most suitable to you as a musician.
