Recently, the music industry has seen an upward trend in online music downloads and a decline in CD sales, making it increasingly difficult for people in the industry to predict their earnings and keep them at an acceptable level. However, with the right strategy, it is still possible to make money from music.
It is necessary
- Talent
- Musical instruments
- Ability to compose music
Instructions
Step 1
One of the ways to make money on music is to sell related products: T-shirts, hats, badges and similar merchandising are quite cheap to manufacture and users cannot download such things for free on the Internet, unlike the music of an artist.
Step 2
You can't resist the fact that most of the music is bought online right now, mostly in digital format. Therefore, you should not focus on a large circulation of CDs with music (although a small number can be sold along with merchandising), it is better to place the music for subsequent sale in major stores with similar content (iTunes, eMusic, etc.) and distribute the link to resources where you can buy music, among fans.
Step 3
You can make money on music through concerts. When you go on a big tour, take advantage of the fact that the audience never refuses to pay for a concert ticket. Perform as much as you can, so you will not only earn money, but also acquire new fans, which will increase the number of concerts and music sales.
Step 4
Create music for other less talented artists. If you can successfully compose music as an author, then you can only earn money by writing songs for others.
Step 5
You can earn money as a tutor. When you don't have concerts or are free from studio work, why not give guitar or drum lessons? It may not be the most brilliant job, but at least you will still be doing what you love and trying to instill that love in others.
