What It Takes To Make A Living As An Independent Artist

Written by on January 15, 2022

What It Takes To Make A Living As An Independent Artist

There are many ways to make money as an independent musician – you just need to be open-minded and understand that your income can come from many different places. Given the state of the music industry, one of the most important things you can do to make money as a music artist is to diversify.

While there’s no doubt that making music can be tricky (which is why you need other reasons to make music besides making money), the fact remains that if you’re the kind of dedicated and resourceful person, you can make an income. from your talent. Building a music career, like any other business, requires money or capital. You need hard work, patience, and the right strategy to get potential fans to get to know you, sell your work, and make money as an artist.

If you really want to make money in your music career, the following methods are a better use of your time and should be implemented as part of any long-term strategy for independent artists. Especially if you’re an independent artist, a solid understanding of the basics of music publishing ensures that you know how to collect royalties and make money from your music when the time comes. As the music industry continues to adapt to technological change and wait for legislation to be passed to reward artists fairly, it’s important that you know how to make money from music.

To survive as an independent artist, it’s fair to say that you’ll need multiple sources of income, even if they’re not related to music. The amount of money you can earn from streaming depends on how often your music is streamed each month, the number of subscriptions, and ad revenue.

You earn money every time people stream, download, or buy your music on platforms like Bandcamp. Whenever your song is streamed on-demand (for example, on Spotify or Apple Music) or purchased digitally for download on iTunes or Google Play, you earn money from the ownership of the copyright of the song composition. When you collaborate with another artist, producer, or songwriter, you are entitled to a portion of the royalties generated from that music. Music publishers become co-owners of the artist’s composition and subsequently take responsibility for generating revenue from it.

Using distribution platforms like TuneCore and CD Baby, independent artists can upload their music and receive 100% of their due publishing royalties. Independent artists can use platforms like Bandcamp to sell their music as well as physical merchandise like vinyl records, T-shirts, tickets, or tapes.

Of course, there are many ways to distribute music independently, which favors the self-publishing path. There are many distribution companies out there, just make sure the one you choose to go with will allow you to keep 100% of your copyright, which is exactly how it should be since you are the one who spends time making the music. I’m very strict about this and the main reason is that when you distribute your music on all the major platforms, you MUST own the beats in order to get the streaming rights.

Licensing music for use in movies or television is a rare opportunity to make money. As a musician, you can license your work to stock websites to generate passive income for yourself. As a financially savvy independent artist, you can keep your ideas, sound, and aesthetic alive while earning an income. While it’s certainly difficult for an indie artist to make a living, these tips can help you earn a steady income that will help advance your music career.

P.S. It’s important not to listen to the naysayers who tell you the odds – you’re much more likely to make money from your music if you focus on what you CAN do rather than what you can’t.

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