How to Make Money from Music in 2022 PART 1

How to Make Money from Music in 2022 PART 1

10 ways to make money from your music

As a musician you’ve probably wondered - where does the majority of an artists’ revenue come from? How do artists build a financially stable career from their music?

10 major revenue streams that’ll make up the bulk of any artist’s income.

1. Streaming Royalties

Kicking off with the most obvious way to make money from your music – releasing it online, to all the major music platforms. Including Spotify, Apple Music, Deezer, Tidal and so on.

Through streaming royalties. Streaming royalties are the money that's owed to you every time your track is streamed or downloaded on a digital music platform.

2. Music Publishing

One of the most important sources of income for independent musicians is the money you make through music publishing royalties.

Understanding how music publishing works can be a tricky business. But – it’s really important that you have a general grasp of it, to make sure you’re getting all the royalties you are owed as a musician.

From this licence, two (main) types of royalties are distributed;

- Mechanical royalties - money owed to you when a song is streamed, downloaded or reproduced as a CD/Vinyl.

- Performance royalties – money owed to you when a song is played on the radio, on television, in a venue, live on stage or at any other public place.

And as the owner(s) of the work, it is generally the artist who is entitled to the money from these royalties.